September 10, 2024
New Delhi, India
Market Highlights
The Indian equity markets closed higher on Tuesday, with the BSE Sensex gaining 362 points to close at 81,921 and the NSE Nifty rising 104 points to end above the 25,000 mark at 25,041. The positive sentiment was driven by gains in IT, media, and telecom stocks, following an overnight rally in the US markets.
Key Market Movers:
- Top Gainers on Nifty: Divis Labs, LTIMindtree, Bharti Airtel, Wipro, and HCL Tech.
- Top Losers on Nifty: HDFC Life, SBI Life Insurance, Bajaj Finserv, Bajaj Finance, and Shriram Finance.
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Sectoral Performance:
- In the Green: IT, Media, Telecom (up 2% each), Capital Goods, Healthcare, Power (up 1% each).
- In the Red: Oil & Gas, Financial Services, and PSU Banks.
Broader Market Highlights:
- BSE MidCap Index: Up 0.5%.
- BSE SmallCap Index: Gained 1.5%.
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Market Summary:
The Sensex traded between a high of 82,196 and a low of 81,445, ending with a 0.44% gain. The Nifty opened higher at 24,999 and traded in the range of 24,896 to 25,130, closing up by 0.42%. Media stocks emerged as top performers, followed by IT, Pharma, and Healthcare sectors.
The day’s market action reflects positive momentum ahead of the upcoming Federal Reserve meeting, where investors anticipate clarity on interest rate decisions.
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Disclaimer:
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