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Live: Nifty ends above 20k for first time; The next stop? Adani Stocks, Bombay Dyeing in focus

After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at new closing high of 20,070. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio. This morning global cues are mixed but the GIFT Nifty is hinting at a fresh record for the Nifty. Stocks in the spotlight are Adani Group, Bombay Dyeing and IndiGo among others. Meanwhile, the initial public offer (IPO) of FinTech-SaaS company Zaggle Prepaid Ocean Services and Samhi Hotels will kick off for subscription today. Catch Nandita Khemka in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One and Market expert Prakash Diwan.

first published: Sep 14, 2023 08:35 am