Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a flat note on September 16. The BSE Sensex increased 98 points, or 0.12%, to end the day at 82,988.78. The NSE Nifty 50 ended 27.25 points, or 0.11% higher, at 25,384. However, the Bank Nifty concluded the day at 52,153.15, up 0.41% or 215 points. The Nifty Midcap 100 finished 225.70 points, or 0.38% higher, at 60,259.75.
Market Updates:
The NSE Nifty 50 closed 0.08% higher at 25,377.80, while the BSE Sensex closed 0.09% higher at 82,967.71.
NTPC, Hindalco, JSW Steel, Shriram Finance, and L&T were the top gainers in the Nifty 50. Meanwhile, Bajaj Finance, Hindustan Unilever, Bajaj Finserv, SBI Life Insurance, and Britannia were the major losers in the Nifty 50 on September 16
At noon on September 16, 2024, the BSE saw 2,053 stocks advancing compared to 1,865 that declined, while 144 stocks remained unchanged. Of the 4,062 stocks traded, 330 reached a 52-week high, and 28 hit a 52-week low. Additionally, 373 stocks were trading in the upper circuit, and 194 in the lower circuit.
The rupee appreciated by 5 paise to 83.87 against the US dollar in early trade on Monday, aided by the weakening of the American currency in global markets and strong foreign fund inflows.
Forex traders noted that market participants are closely watching the US Federal Reserve’s policy announcement on Wednesday. While a rate cut is widely expected, the size of the reduction remains uncertain.
The Nifty 50 was up 0.11% at 25,385.55 while the Sensex was up 0.12% at 82,993.
Wall Street’s major indexes closed higher on Thursday, as the latest inflation data bolstered expectations for a 25-basis point rate cut by the Federal Reserve, according to Reuters. Despite the positive market trend, Moderna’s weak revenue forecast made it the biggest percentage loser in the S&P 500. The tech-heavy Nasdaq Composite gained 114.30 points, or 0.65%, closing at 17,683.98. The S&P 500 rose by 30.26 points, or 0.54%, ending at 5,626.02, while the Dow Jones Industrial Average advanced by 297.01 points, or 0.72%, finishing at 41,398.78.
Source:FE
