September 17, 2024
New Delhi, India
Stock Market Today
India’s stock market ended Tuesday on a positive note as the BSE Sensex gained 90.88 points to close at 83,079.66. The NSE Nifty50 settled at 25,418.55, up 34.80 points. Gains were led by Bharti Airtel, NTPC, Mahindra & Mahindra, and Titan, while Tata Motors, Eicher Motors, and JSW Steel weighed on the indices.
Sectoral Performance
Among the sectoral indices, Nifty Realty was the top gainer, rising by 0.6%, followed by Nifty Consumer Durables and Nifty Auto, up by 0.5% and 0.3%, respectively. On the downside, Nifty Media fell by 1.2%, with Nifty PSU and Nifty Metal also closing lower by 0.6% and 0.4%.
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Key Gainers and Losers
- Top Gainers: Hero MotoCorp (+2.95%), Bajaj Auto, Bharti Airtel, NTPC, and Mahindra & Mahindra were among the best performers on the Nifty50.
- Top Losers: Tata Motors (-2.45%), Eicher Motors, Tata Steel, and JSW Steel dragged the market lower.
Market Outlook: Focus on U.S. Federal Reserve’s Rate Decision
Investor sentiment was mixed due to caution ahead of the U.S. Federal Reserve’s interest rate decision on Wednesday. The Fed’s move could impact global markets, with many anticipating an aggressive rate cut following comments from former New York Fed President William Dudley.
Bajaj Housing Finance Hits Upper Circuit
Shares of Bajaj Housing Finance surged for the second consecutive day, hitting a 10% upper circuit at ₹181.50, reflecting strong investor demand.
Also Read: UPI Transaction Limit Raised to ₹5 Lakh: Eligible Services and Details
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