Sensex and Nifty held steady on September 9, buoyed by IT and pharma stocks, even as auto and financials dragged
Gold's rise is being driven by a combination of factors including a weaker US dollar, expectations of interest rate cuts, political pressure on the Federal Reserve, and heightened geopolitical uncertainties, said Axis Mutual Fund.
Investor focus will remain on upcoming U.S. inflation data, which will shape the Federal Reserve’s policy path, noted experts.
Asian markets advanced on Tuesday, tracking Wall Street’s optimism over potential Federal Reserve rate cuts, which may lead to a positive start.
BSE Midcap and smallcap indices up 0.2% each. Infosys, Dr Reddy's Labs, Wipro, Tech Mahindra, Adani Ports were among major gainers on the Nifty, while losers included Eternal, Trent, Jio Financial, Tata Motors, Titan Company. On the sectoral front, IT index up 2.8%, pharma and FMCG up 0.5% each, while oil & gas, realty indices down 0.3% each.
As global reliance on the US dollar declines, India cautiously adapts—balancing local currency trade, reserve diversification, and strategic autonomy to strengthen its financial resilience in an emerging multipolar global economy
More than 160 stocks touched their 52-week highs on the BSE, including KIOCL, Gujrat Mineral, Ashok Leyland, Tata Steel, Muthoot Finance, M&M, JSW Steel, TVS Motor, UNO Minda, L&T Finance, Dalmia Bharat, Cummins India, Nykaa, among others.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,07,456 per 10 grams today.
Dalal Street erased most of its afternoon gains on September 8, to end the session close to the flatline, with investors now awaiting key inflation prints from India.
Indian equities held steady in noon trade on September 8, buoyed by gains in auto and metal stocks. While the Sensex rose over 200 points to 80,963, the Nifty crossed 24,831, with investors now awaiting key inflation prints from India and the US for cues on Federal Reserve policy
The uncertainty surrounding the US - India trade relations will continue to weigh on markets, according to experts, with pressure on the IT sector likely.
Dalal Street is set to open higher on Monday with optimism from GST 2.0 reforms keeping sentiment upbeat, even as global trade risks and tariff tensions remain a drag.
Sensex Today | Stock Market LIVE Updates: BSE Midcap and smallcap indices up 0.5% each. Tata Motors, JSW Steel, Eicher Motors, M&M, Bajaj Auto are among major gainers on the Nifty, while losers are Trent, SBI Life Insurance, Asian Paints, IndusInd Bank, Tech Mahindra. On the sectoral front, Auto index up 3%, oil & gas, PSU Bank , metal up 0.5% each, while IT index down 0.5%.
The rupee plummeted to a record low and closed at 88.27 against dollar after touching an intra-day low of 88.38 on Friday.
Rupee is volatile only against the dollar, and many countries are experiencing this, says Sitharaman
For the week, BSE Sensex and Nifty added 1.2 percent each.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
Experts noted that the high valuations even amidst geopolitical and tariff-related headwinds helped bears to accumulate short positions in the market.
Experts noted that the high valuations even amidst geopolitical and tariff-related headwinds helped bears to accumulate short positions in the market.
Sensex and Nifty extended gains for a second day on September 5, driven by optimism around GST 2.0 reforms. Auto stocks led the rally while midcaps and smallcaps outperformed, signaling broad-based market strength.
Sensex and Nifty are expected to open higher on Friday, buoyed by GST 2.0 reforms and steady global cues. While FIIs remained minor sellers, strong DII inflows and support for consumer-facing sectors are keeping investor sentiment upbeat
On the sectoral front, realty, FMCG, IT indices down 1 percent each, while auto index up 1.3 percent and media, metal up 0.5 percent each. M&M, Eicher Motors, Maruti Suzuki, Dr Reddy's Laboratories and Power Grid are among major gainers on the Nifty, while losers are ITC, TCS, Cipla, HCL Technologies, Cipla. BSE Midcap and Smallcap indices is trading flat.
Piyush Goyal on Thursday said the government expects tax revenues to rise, not fall, following the rationalisation of GST rates, as higher demand will offset any rate cuts.
Nearly 140 stocks touched their 52-week highs on the BSE, including M&M, Zydus Wellness, Maharashtra Scooters, Muthoot Finance, Nuvoco Vistas, Cummins India, Eicher Motors, Nykaa, TVS Motor, Lemon Tree Hotels, Marico, L&T Finance, Dalmia Bharat, MRF, UltraTech Cement, India Cements, Maruti Suzuki, Paytm, among others.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,06,500 per 10 grams today.
