September 25, 2024
New Delhi, India
Stock Market Highlights
Sensex and Nifty ended Wednesday’s trading session in positive territory, with the BSE Sensex rising 255.83 points or 0.30% to close at 85,169.87, and the NSE Nifty 50 gaining 63.75 points or 0.25% to settle at 26,004.15. This marked a resumption of the Sensex’s record-breaking run after a brief pause, as media and energy stocks led the market rally.
Top Performers and Sectoral Indices
Key gainers on the Nifty included Power Grid Corp, NTPC, Axis Bank, Grasim, and Bajaj Finance, while LTIMindtree, Tech Mahindra, Tata Consumer, Tata Motors, and Titan Company ended the day among the top losers.
- Media, power, and realty indices rose between 0.5% and 1%, with the energy sector benefiting from China’s stimulus plans.
- On the downside, the auto, FMCG, PSU banks, and IT sectors saw a decline of 0.5% to 1%.
- The BSE Midcap and Smallcap indices fell by 0.5% each, reflecting mixed performance in broader markets.
Market Highlights
- Bank Nifty index rose by 133.05 points or 0.25%, ending at 54,101.65, as large-cap stocks helped buoy the overall market sentiment.
- Media and energy stocks were the top performers, while IT stocks and Nifty PSU banks posted losses.
- Easy Trip saw a block deal, with 2.7% of its equity traded, leading to a 7% drop in its stock price.
Broader Market Movements
The market rally continued despite profit-booking at record highs, buoyed by gains in commodity-linked stocks following optimism around China’s new stimulus measures. Investors are also closely watching global cues, including the strength of the U.S. economy amid a weak consumer confidence report.
Also Read: Phoenix Overseas IPO Share Allotment Likely Today: How to Check Status Online
IPO Updates
- MCX Gold reached a new all-time high.
- KRN Heat Exchanger opened its IPO for subscription.
- Sahasra Electronics launched the biggest IPO in India’s SME segment.
Despite mixed performance across sectors, the Sensex and Nifty ended the day on a positive note, led by strong gains in media and energy stocks. Investors are cautiously optimistic, awaiting further cues from global markets and ongoing IPO activity.
Also Read: EasyMyTrip Shares Drop 8% on Promoter Stake Sale via Block Deal
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