Market witnessed rangebound activity with Nifty hovering around 25,100 level throughout the session on September 15, to end with marginal losses below 25,100.
At close, the Sensex was down 118.96 points or 0.15 percent at 81,785.74, and the Nifty was down 44.80 points or 0.18 percent at 25,069.20. BSE Midcap index up 0.4 percent and smallcap index up 0.7 percent.
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On the sectoral front, Consumer Durables, auto, IT, pharma were down 0.3-0.6%, while capital goods, realty, power, telecom index were up 0.5-2.5%.
Jio Financial, UltraTech Cement, Bajaj Finance, Eternal, Adani Ports were among major gainers on the Nifty, while losers were Shriram Finance, Asian Paints, M&M, Cipla, Dr Reddy's Labs.
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In stock-specific action, Sterling Tools shares rose 4% on partnership with China's Landworld, Northern Arc Capital shares jumped 8% after DAM Capital initiates 'buy' rating, KRBL shares fell 10% as independent director quits, Godawari Power shares added 11% after 3.25 million shares traded in two blocks, Gem Aromatics share price slipped 6% after Q1 consolidated profit declined, Tata Technologies share price rose 1% as company to acquire 100% equity shares in Germany-based ES-Tec GmbH.
Shakti Pumps India share price rose 3% on second order win worth Rs 374.41 cr from MSEDC, Sarveshwar Foods shares added 7% on securing Rs 631 million export order, Vikram Solar share price added 1% as company to supply 200 MW of high-efficiency modules to AB Energia, RailTel Corporation of India shares surged more than 6%on winning order worth Rs 209.78 crore, Diamond Power shares rose 5.3% on Letter of Intent from Adani Energy Solutions, STL Networks shares gained 5% on securing contract worth Rs 360 crore.
More than 120 stocks touched their 52-week highs on the BSE, including Sarda Energy, Authum Investment, Radico Khaitan, HBL Engineering, Anand Rathi, L&T Finance, Bajaj Finance, Fortis Health, Muthoot Finance, Maharashtra Scooters, Gujarat Mineral, among others. Click to View More
Outlook for September 16
Vaibhav Vidwani, Research Analyst at Bonanza
Today, the Indian stock market ended on a negative note, snapping its recent winning streak as both the Sensex and Nifty 50 posted mild declines by market close. The Sensex fell by 118.96 points to settle at 81,785.74, while the Nifty 50 declined by 44.8 points, closing at 25,069.2.
The negative sentiment was primarily attributed to global uncertainty ahead of the upcoming US Federal Reserve policy meeting, which kept investors cautious and led to subdued activity across Asian markets. Investors were also seen booking profits after a stretch of market gains, particularly in heavyweight IT stocks and consumer-facing sectors, mirroring international caution and reduced risk appetite. Broader market participation saw more decliners than advancers as nervousness crept in before US Fed policy signals and key global negotiations. Volatility remained low, with indices trading within tight bands through most of the session.
Looking ahead, we can expect the market trend to remain muted and rangebound until there is greater clarity from the US Federal Reserve regarding its policy trajectory. Market participants remain watchful for global cues and domestic macroeconomic data, with buying expected on dips for fundamentally strong sectors such as BFSI, auto, and consumption.
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