A day earlier, the rupee ended at a record low against the dollar amid growing worries over remittances and IT sector growth after the H-1 B visa fee hike
Biggest Nifty losers were Tata Motors, Wipro, Bharat Electronics, Jio Financial, Hero MotoCorp, while gainers included HUL, Nestle, NTPC, JSW Steel, Power Grid. Except FMCG, all other sectoral indices ended in the red with auto, IT, media, metal, oil & gas, realty down 0.5-2%. BSE midcap index shed nearly 0.9% and smallcap index was down 0.5%.
The Indian share market ended flat with a negative bias on Tuesday, with gains in banking, auto and steel stocks offset by selling in FMCG, IT and select heavyweight counters.
Gold rate today: Here are the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on September 23.
Gold and silver futures on MCX soared to all-time highs after Federal Reserve Governor Stephen Miran said the American central bank’s interest rate is too high, and should be slashed aggressively.
Sensex Today | The broader markets ended the day in red, with the smallcap index falling 0.53% while the midcap index fell 0.35%. In terms of sectoral indices, BSE Auto gained the most while FMCG stood as the top loser.
On the sectoral front, IT index was down 2.7 percent, pharma down 1.2 percent, while power index was up 1.6 percent, oil & gas index up 0.4 percent and metal index rose 0.4 percent.
Share Market Today: The H-1B visa-led IT downdraft and softer pharma have overshadowed GST-aided domestic themes, leaving breadth negative and the Nifty below 25,200.
Gold rate today: Gold futures on MCX with October expiry hit a fresh lifetime high of Rs 1,11,472 per 10 grams.
'Gold jumped as traders bet on two more rate cuts from the US Federal Reserve,' said Axis Securities.
Nifty Midcap 100 index declined on Monday, snapping an 11-day winning run, while the Nifty Smallcap 100 index also ended its six-day rally.
BSE Midcap and smallcap indices fell 0.5% each. On the sectors front, IT index down 2.7 percent, pharma down 1 percent, while power index up 2 percent, oil & gas index up 0.7 percent, realty index up 0.4 percent. Biggest Nifty losers were Tech Mahindra, TCS, Infosys, Wipro, Cipla, while gainers were Adani Enterprises, Bajaj Auto, Eternal, Adani Ports, UltraTech Cement.
Geopolitical tensions remain elevated, particularly with Ukraine continuing drone strikes on Russian energy infrastructure, which could keep oil prices volatile in the near term.
During the week the Indian rupee traded in the range of 88.34-87.72, to close higher at 88.10 per dollar.
Markets ended mixed with the benchmark indices closing lower than the broader market indices, as Nifty 50 struggled to hold on the highs of the day on profit booking.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,254 per 10 grams today.
Sensex and Nifty opened lower on September 19, pausing after a three-day rally, but Adani Group shares surged up to 10 percent after SEBI’s clean chit boosted sentiment.
Indian markets are set for a muted start on September 19, with GIFT Nifty in the red, even as global equities remained upbeat after the US Fed’s rate cut. Analysts see Nifty facing resistance near 25,500, while strong FII and DII flows continue to underpin sentiment.
BSE Midcap and smallcap indices ended flat. Among sectors, consumer durables, media, auto, FMCG, IT shed 0.4-0.6%, while power, PSU bank rose 1% each. Biggest Nifty losers were HCL Technologies, ICICI Bank, Nestle, Titan Company, Trent, while gainers were Adani Enterprises, Adani Ports, SBI Life Insurance, Shriram Finance, SBI.
More than 160 stocks touched their 52-week highs on the BSE, including Poonawalla Fincorp, Asahi India, Hyundai Motor, Eternal, L&T Finance, Zydus Wellness, Radico Khaitan, Delhivery, Maruti Suzuki, Cummins, among others.
Gold rate today: Yellow metal's October contracts on MCX opened at Rs 1,09,180 per 10 grams today.
Sensex and Nifty traded higher on September 18 as strength in IT and banking counters lifted indices, even as autos and PSU banks saw profit-taking
Indian markets extended their winning run on September 18, with Sensex and Nifty rising after the US Fed cut rates by 25 basis points, kicking off its easing cycle. Technology and financials led the rally, while metals and PSU banks underperformed.
Indian equities are set to extend their winning run, with Nifty hovering near a three-month high and technical charts pointing to further upside.
On the sectoral front, IT index up 0.8 percent, pharma index rose 1.5 percent, metal index was up 0.3 percent and private bank index rose 0.4 percent, while energy, media and Capital Goods indices shed 0.3 percent each. HDFC Life, Infosys, Eternal, Cipla, Sun Pharma were among major gainers on the Nifty, while losers were Coal India, Bajaj Finance, Trent, Tata Motors, UltraTech Cement. BSE Midcap index rose 0.3 percent and smallcap indices ended flat.