Sensex declines 400 pts, Nifty below 25,350: Profit booking among key factors behind market fall
Sensex, Nifty declined amid profit-booking in frontline stocks, weak global cues and a rise in market volatility.
Trading Plan: Can Nifty 50 hold Thursday’s low, Bank Nifty extend winning streak for 13th consecutive session?
If the Nifty 50 manages to close and sustain above 25,450–25,000 zone in the upcoming sessions, a rally toward the June high of 25,670 is possible. Until then, consolidation may be seen, with immediate support at 25,330–25,250, said experts who advised a buy-on-dips strategy.
Trade Spotlight: How should you trade Kotak Mahindra Bank, Aadhar Housing, Kansai Nerolac, Kfin Tech, Mankind Pharma, Zydus Life, and others on September 19?
The market may see some consolidation, but overall, the mood remains bullish. Below are some short-term trading ideas to consider.
Trade setup for September 19: Top 15 things to know before the opening bells
The 25,500 level is now the next key hurdle for the Nifty 50. Sustaining above this level could open the door for a retest of the June high at 25,669. However, failure to break and sustain above it may result in some consolidation, with 25,330–25,250 acting as a support zone, according to experts.
Promoter offloads 8.9% stake in Cohance Lifesciences for Rs 3,094 crore
Cohance Lifesciences shares corrected 5.55 percent to close at Rs 912.7 on the NSE after gap-down opening.
FIIs net buy Rs 367 crore-worth Indian equities, DIIs pump in Rs 3,327 crorept 18
For the year so far, FIIs have been net sellers of shares worth Rs 2.20 lakh crore, while DIIs have net bought shares worth Rs 5.46 lakh crore.
S&P 500, Nasdaq hit fresh records as tech rebound leads post-Fed rally
The S&P 500 rose 0.4% to a fresh all-time high shortly after the open, while the Nasdaq Composite jumped 0.8%, also setting a record. The Dow Jones Industrial Average, however, lagged, slipping about 18 points, or less than 0.1%.
Technical View: Nifty bulls target June high, Bank Nifty eyes August peak with VIX below 10 on closing basis for first time
The India VIX, the fear index, hit a new all-time closing low on Thursday, falling 3.54 percent to 9.885, signalling more comfort for bulls and low volatility in the short term.
Edelweiss Mutual Fund announces launch of India’s first hybrid long-short SIF
In May this year, Edelweiss Asset Management Limited announced that they had received in-person approval from the Securities and Exchange Board of India (SEBI) for its entry into Specialized Investment Funds (SIFs).
Markets rise for 3rd session: Sensex up 300 pts on expiry day, Nifty at 10-week high; pharma, IT shares gain
In the broader market, midcap and smallcap indices gained. The Nifty Smallcap 100 was up 0.35 per cent, while the Nifty Midcap index advanced 0.3 per cent.
Sensex declines 350 pts from day's high, Nifty below 25,400: Profit booking, 4 other reasons behind market paring gains
Sensex, Nifty saw profit-booking at higher levels particularly in banking and auto shares, weighing on overall market sentiment.
Sensex rises 300 pts, Nifty above 25,400: Fed rate cut among key factors behind market rise
Sensex, Nifty rose amid strong buying IT shares after the U.S. Federal Reserve cut interest rates by a quarter point, while signalling two more rate cuts this year.
Trading Plan: Can Nifty 50 reclaim 25,400, Bank Nifty surpass 55,600 after Fed interest rate decision?
According to experts, the Nifty 50 is likely to move toward 25,400, followed by 25,500-25,600, as long as it holds 25,150-25,000 as support.
Trade Spotlight: How should you trade Tata Consumer Products, KPIT Technologies, MCX India, CAMS, IREDA, M&M Financial, and others on September 18?
The trend is likely to remain favourable for the bulls, but some consolidation can't be ruled out. Below are some short-term trading ideas to consider.
Trade setup for September 18: Top 15 things to know before the opening bells
Experts expect the Nifty 50 to reclaim 25,550 and then 25,669 in the upcoming sessions, provided it holds the 25,150–25,000 zone as a crucial support area. A move below this support could invite some selling pressure.
Promoter sells 1.18% stake in Gujarat Fluorochem for Rs 460 crore; Pitti Engineering sees share exchange worth Rs 102 crore
SBI Mutual Fund acquired 10.73 lakh shares in Pitti Engineering for Rs 101.99 crore.
FIIs net sell shares worth Rs 1125 crore, DIIs net buy Rs 2294 crore on September 17
DIIs purchased shares worth Rs 13,720 crore and sold shares worth Rs 11,426 crore. FIIs too bought shares worth Rs 11,509 crore, but sold shares totalling Rs 12,644 crore.
US markets trade mixed as traders await Fed interest rate decision
The Fed is expected to announce its decision at 2 pm ET. Most market watchers are anticipating that the Fed will lower rates.
Indiabulls AIF, related entities settle case with Sebi for Rs 1.43 crore
Sebi had initiated adjudication proceedings after inspections revealed issues such as pledging scheme assets to secure loans for investee companies, uneven commitment drawdowns across unit classes, breaches of concentration limits in investee holdings, among other concerns.
Technical View: Unstoppable bulls eye 25,550 for Nifty; break above 55,600 could ignite new rally in Bank Nifty
The weekly options data indicates that Nifty 50 may face the next resistance at 25,500, followed by 26,000. However, the 25,300-25,200 zone could act as near-term support.
Mutual funds betting on global markets outpace local equities — here are the funds open for Indian investors
Global funds that have delivered as much as 31% returns over the past year—far ahead of the 2–5% gains posted by most domestic large- and flexi-cap funds.
Sensex, Nifty settle higher for 2nd day ahead of Fed decision; PSU bank, auto shares gain
Sensex, Nifty rose for the second day enthused by positive day-long discussions with the visiting US team on a bilateral trade deal.
Trading Plan: Can momentum push Nifty 50 beyond 25,250, keep Bank Nifty above 50-DEMA?
Given the strong trend backed by bullish technical and momentum indicators, the Nifty 50 is likely to march toward the 25,350–25,400 zone, followed by 25,550 in the upcoming sessions, provided 25,150 acts as support; below it, 25,000 remains a crucial support.
Trade Spotlight: How should you trade Bandhan Bank, Ashok Leyland, KEI Industries, Amber Enterprises, Aadhar Housing, Phoenix Mills, and others on September 17?
The market is expected to maintain bullish momentum after surpassing the August swing high. Below are some short-term trading ideas to consider.
