Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 dropped 32.40 points or 0.13% to settle at 25,356.50, while the BSE Sensex fell 71.77. points or 0.09% to 82,890.94. The broader indices ended in mixed territory, with gain led by Small-cap and Midcap stocks. Bank Nifty index ended higher by 147.85 points or 0.36% to settle at 52,841.25. Realty and Media stocks outperformed among the other sectoral indices while Energy and FMCG stocks shed.
Benchmark domestic indices BSE Sensex and NSE Nifty 50 ended in positive territory on Friday.
Reliance Industries has been issued an order by the Deputy Commissioner of State Tax, Jamnagar, imposing a penalty of Rs 63 lakh for allegedly incorrect availment of input tax credit. The company has notified the stock exchanges that it plans to file an appeal against the order.
Asian markets were mostly trading lower on Wednesday morning, following an overnight decline in US markets. The Asia Dow slipped 0.07% to 3,452.98, while Hong Kong’s Hang Seng fell 0.89% to 19,024.41. China’s Shanghai Composite also edged down 0.27% to 3,149.88. However, Japan’s Nikkei 225 bucked the trend, rising 0.65% to 38,867.36.
Commenting on the Technical outlook of Nifty Kunal Kamble Sr. Technical Research Analyst at Bonanza Portfolio , said that The Nifty managed to close above its all-time high with a strong bullish candle, indicating buyer dominance in the market. The index found support at the fast 20 EMA and bounced back, setting a new all-time high. Buyers have been actively purchasing at lower levels, and the increase in FII long positions further suggests that big players have a positive outlook on the index.
Kamble also added On the options front, fresh Short Build-up (SB) is observed at the 25,000 level, which will act as strong support for the market. Meanwhile, on the Call side, Long Build-up (LB) is seen at the 25,500 level, indicating that participants expect the market to trade above the 25,500 mark. A strategy of buying on dips with a stop loss at 25,000 could be considered for an upward move toward the 25,500-25,750 levels.
BLS International Services has signed a definitive agreement to acquire a 100% stake in Citizenship Invest, a Dubai-based advisory firm for $31 million (approximately Rs 260 crore).
Foreign institutional investors (FII) bought shares net worth Rs 7,695 crore. Meanwhile, the Domestic institutional investors (DII) sold shares net worth Rs 1,800.54 crore on September 12, 2024, according to the provisional data available on the NSE.
Tata Power’s subsidiary Tata Power Renewable Energy has signed an MoU with Tata Motors to set up 200 fast charging stations for electric commercial vehicles in all metro cities.
WTI crude prices were trading at $69.44 up by 0.71%, while Brent crude prices were trading at $72.43 up by 0.62%, on Friday morning.
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was trading down 0.09% at 101.09 on Friday morning.
Swiss authorities have frozen more than $310 million across multiple Swiss bank accounts as part of an ongoing money laundering investigation into entities allegedly linked to the Adani Group, according to Gotham City, a Swiss investigative news website. The link to the report was posted on X by Hindenburg Research.
US markets continued the winning streak closing Thursday on a higher note in anticipation of a rate cut by the Fed. The broader market index, the S&P 500 closed 0.75% higher at 5,595.76, the index sits 1.3% away from its record high. Similarly, the tech-heavy Nasdaq Composite gained 1% to settle at 17,569.68. The Dow Jones Industrial Average index advanced 235 points or 0.58%, to end at 41,096.77.