Stock Market Highlights: Markets end record high! Nifty above 25,900, Sensex near 84,900 led by PSU Bank and realty
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed on a higher note during Monday’s trading session.
Written by FE Business
Updated:
September 23, 2024 15:41 IST
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Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a record-high note on September 23. The BSE Sensex rose 340 points or 0.40% to finish the day’s trading at 84,886. The NSE Nifty 50 closed 138 points or 0.53% higher at 25,928. The Bank Nifty closed the day’s trading 0.51% higher at 54,069. The Nifty Midcap 100 closed the session 464.75 points or 0.77% higher at 60,674
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Stock market today live updates : Sharekhan on Rupee movement
“The Indian Rupee appreciated on Monday amid positive domestic markets with domestic equities hitting fresh all-time highs. However, Rupee lost initial gains on a strong American currency (US Dollar) and firm crude oil prices. India‘s Services PMI fell to 58.9 in August VS 60.9 in July. We expect the Indian Rupee to trade with a slight positive bias on positive global equities and fresh FII inflows. However, a recovery in the greenback and elevated crude oil prices may cap a sharp upside. Investors may watch out for US GDP, consumer confidence and core PCE price index data from the US this week,” said Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas.
Share market today live updates : StoxKart on markets hitting new highs
“The Sensex and Nifty reached record highs on Monday, driven by expectations of increased foreign inflows following last week’s Federal Reserve rate cut, which has boosted risk-on sentiment among investors. Key gains came from the energy, banking, and auto sectors, while IT stocks underperformed. The Nifty now seems set to target 26,000, with momentum likely led by major banking stocks,” said StoxKart in a note.
Stock market today live updates : HFCL shares trade higher
HFCL shares gained 1.63% on the NSE, trading at ₹164.25, following the company’s announcement of a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI). This collaboration is expected to enhance HFCL’s capabilities in the aerospace sector.
Stock market today live updates : Top Gainers Among Nifty PSU Bank Stocks
In today’s trading session, Canara Bank led the gains among Nifty PSU Bank stocks, rising by 3.26%. Indian Bank followed closely with an increase of 3.25%, while Bank of Maharashtra and Bank of Baroda both saw gains of 2.59%. Central Bank of India rose by 2.51%, and State Bank of India (SBI) increased by 2.16%.
Stock market today live updates : PSP Projects gains over 4%
PSP Projects has received work orders totaling Rs 554.92 crore, including the construction of the Gold Stone Hotel and Commercial Towers in Bangalore, valued at Rs 389.29 crore (excluding GST). These projects are expected to be completed within 22 and 16 months, respectively. Additionally, the company will construct residential towers in Ahmedabad for Rs 165.04 crore. Following this announcement, PSP Projects’ shares surged 4.71% on the NSE, trading at Rs 705.15.
Stock market today live updates : Surana Solar gains 5%
Surana Solar has received a Letter of Award as a Solar Power Developer (SPD) for photovoltaic power stations with a total capacity of 54 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojna 2.0. This initiative, aimed at feeder-level solarisation, is part of the PM-KUSUM Scheme and is backed by the Maharashtra State Electricity Distribution Co. Ltd. The estimated project cost is Rs 189 crore, and the stock is currently trading at its upper circuit on the NSE at Rs 46.48, up 4.99%.
Stock market today live updates : Markets so far
On September 23, 2024, out of 4,085 stocks traded on the BSE, 2,332 advanced, while 1,592 declined, and 161 remained unchanged. Notably, 294 stocks hit a 52-week high, and 33 reached a 52-week low. Additionally, 355 stocks traded in the upper circuit, and 225 in the lower circuit.
Stock market today live updates : Top Gainers and Losers on NSE at Noon
At 12 noon, ONGC led the gainers on the NSE with a rise of 3%, followed by M&M (up 2.82%), SBI (up 2.75%), BPCL (up 1.99%), and Bajaj Auto (up 1.92%). On the losing side, ICICI Bank slipped 1.96%, while Eicher Motors fell 1.76%, IndusInd Bank declined by 1.32%, HCL Tech dropped 1.32%, and Tech Mahindra was down 1.18%.
Stock market today live updates : Bikaji Foods gains 4%
Shares of Bikaji Foods International Limited (BFIL) jumped 4.20% on Monday, reaching a fresh all-time high of Rs 987.95 on the stock exchanges. The surge came after the snack manufacturer announced that it had received approval from the Ministry of Corporate Affairs (MCA) to incorporate a wholly-owned subsidiary, Bikaji Foods Retail Limited (BFRL).
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Stock market today live updates : Adani Total Gas up 8%
Shares of Adani Total Gas rallied more than 8% to an intraday high of Rs 855 after its joint venture got funding worth $375 million financing package from global lenders. This marks the largest global funding initiative in the city gas distribution (CGD) sector.
Share market today live updates : HDFC Bank up 0.8% on proposed IPO
Shares of HDFC Bank were up 0.86% to an intraday high of Rs 1,756.20 after the banking company announced listing its subsidiary HDB Financial Services. On September 20, the company announced that it would seek approval from the board of directors and regulators to proceed with an initial public offering of HDB Financial Services, said the company in an exchange filing.
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STOCKS TO BE FOUCOUSED FOR TOMMAROW
Sr. Stock Name Symbol Links % Chg Price Volume
1 Kalyan Jewellers India Ltd KALYANKJIL P&F | F.A 5.22% 768.65 2,49,17,201
2 Mankind Pharma Ltd MANKIND P&F | F.A 4.52% 2650.25 9,22,783
3 Indus Towers Ltd (Bharti Infratel) INDUSTOWER P&F | F.A 3.98% 403.7 2,74,47,906
4 Mahindra & Mahindra Financial Services Limited M&MFIN P&F | F.A 3.51% 332 27,14,224
5 United Spirits Ltd UNITDSPR P&F | F.A 3.44% 1628.25 6,70,632
6 Oil India Limited OIL P&F | F.A 3.42% 582.05 50,05,764
7 Bajaj Auto Limited BAJAJ-AUTO P&F | F.A 3.33% 12338.95 7,35,579
8 Max Financial Services Limited MFSL P&F | F.A 3.18% 1195.95 6,42,408
9 Hero Motocorp Limited HEROMOTOCO P&F | F.A 2.95% 6190.55 8,87,240
10 SBI Life Insurance Company Ltd SBILIFE P&F | F.A 2.67% 1920.15 10,22,492
11 Bharti Airtel Limited BHARTIARTL P&F | F.A 2.26% 1750.45 50,01,827
12 Motherson Sumi Systems Limited MOTHERSON P&F | F.A 2.25% 207.34 2,30,15,416
13 Zomato Ltd ZOMATO P&F | F.A 2.24% 297 4,87,61,823
14 Trent Limited TRENT P&F | F.A 2.12% 7623.45 5,10,496
15 Tata Communications Limited TATACOMM P&F | F.A 2.02% 2007.75 3,19,324
16 Dixon Technologies DIXON P&F | F.A 1.85% 14254.85 4,64,206
17 ICICI Lombard General Insurance Company Ltd ICICIGI P&F | F.A 1.84% 2275.2 4,58,636
18 Cholamandalam Investment And Finance Company Limited CHOLAFIN P&F | F.A 1.84% 1633.85 11,29,202
19 Hindustan Unilever Limited HINDUNILVR P&F | F.A 1.71% 3028.55 13,00,470
20 The Indian Hotels Company Limited INDHOTEL P&F | F.A 1.71% 714.8 42,78,812
21 Havells India Limited HAVELLS P&F | F.A 1.67% 2082.4 13,11,899
22 Kotak Mahindra Bank Limited KOTAKBANK P&F | F.A 1.59% 1934.7 36,86,272
23 Dr. Reddy’s Laboratories Limited DRREDDY P&F | F.A 1.58% 6654.45 2,65,324
24 Laurus Labs Limited LAURUSLABS P&F | F.A 1.57% 474.7 18,34,655
25 Ipca Laboratories Limited IPCALAB P&F | F.A 1.53% 1456.55 1,54,450