Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a flat note on September 16. The BSE Sensex rose 98 points or 0.12% to finish the day’s trading at 82,988.78. The NSE Nifty 50 closed 27.25 points or 0.11% higher at 25,384. However, the Bank Nifty closed the day 0.41% or 215 points higher at 52,153.15. The Nifty Midcap 100 closed 225.70 points or 0.38% higher at 60,259.75.
The NSE added Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers, Granules, Hindustan Copper, and RBL Bank in the F&O Ban on September 16, 2024.
“The Banking Index is trading near its psychological resistance at the 52,000 level. The index has formed a higher high and higher low pattern, indicating an uptrend. Additionally, it has managed to close above the Ichimoku Cloud for the first time in a long period, with prices closing above both the Base Line and the Conversion Line, further confirming the uptrend. Option data also suggests a bullish outlook for the index. Bank Nifty above the 52,000 level, would move upward toward 52,350, followed by 52,500 levels,” said Kunal Kamble, Sr. Technical Research Analyst at Bonanza.
Foreign institutional investors (FII) purchased shares worth Rs 2,364.82 crore, while domestic institutional investors (DII) bought shares valued at Rs 2,532.18 crore on September 13, 2024, according to provisional data from the NSE.
WTI crude prices are trading at $68.81, up 0.25%, while Brent crude is trading at $71.66, up 0.07%, on Monday morning.
The government has authorized sugar mills and distilleries to produce rectified spirit and extra-neutral alcohol from sugarcane juice and B-heavy molasses. This move is expected to boost production flexibility for ethanol and other alcohol-based products, further aiding the sugar industry‘s efforts toward diversification and expanding its revenue streams.
Wall Street’s major indexes closed higher on Thursday, as the latest inflation data bolstered expectations for a 25-basis point rate cut by the Federal Reserve, according to Reuters. Despite the positive market trend, Moderna’s weak revenue forecast made it the biggest percentage loser in the S&P 500. The tech-heavy Nasdaq Composite gained 114.30 points, or 0.65%, closing at 17,683.98. The S&P 500 rose by 30.26 points, or 0.54%, ending at 5,626.02, while the Dow Jones Industrial Average advanced by 297.01 points, or 0.72%, finishing at 41,398.78.
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