Market HIGHLIGHTS: Sensex rallies 476 pts, ends at record closing high, Nifty settles at 17519 for first time

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Updated: September 15, 2021 4:10:07 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended at record closing high levels on Wednesday

Share Market Today, Share Market LiveBank Nifty index gained 0.65 per cent to settle at 36,852.25.

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended at record closing highs on Wednesday, a day before weekly F&O expiry. BSE Sensex surged 476 points to end at 58,723, while the Nifty 50 index shut shop at 17,519.45, rising 139.45 points or 0.80 per cent. NTPC was the top performer, gaining over 7 per cent, followed by Bharti Airtel, HCL Tech, Titan, SBI, Power Grid Corporation of India, Tata Consultancy Services (TCS), IndusInd Bank, Infosys. On the flip side, Axis Bank, Asian Paints, UltraTech Cement, Nestle India, Sun Pharma, HDFC Bank were the top BSE Sensex losers. On the sectoral front, barring Nifty Media, all the indices ended in the positive territory. Bank Nifty index gained 0.65 per cent to settle at 36,852.25.

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    15:37 (IST)15 Sep 2021
    Sensex, Nifty make record closing highs

    BSE Sensex surged 476 points to end at 58,723, while the Nifty 50 index shut shop at 17,519.45, rising 139.45 points or 0.80 per cent

    15:22 (IST)15 Sep 2021
    Nifty clinches 17500, now it eyes 17850 level

    The market witnessed some positive movements after the market was able to breach the Nifty 50 Index level of 17500. It has shown sustaining above 17500, the market expects to gain momentum, leading to an upside projection till 17850 level. The momentum indicators like RSI and MACD to stay positive and market breadth to improve, further strengthening a short-term bullish outlook. Ashis Biswas, Head of Technical Research at CapitalVia Global Research

    15:17 (IST)15 Sep 2021
    PE/VC investments rises to USD 10.7 bn in August; IPOs drive surge in exits: Report

    Investments by private equity and venture capital funds surged to USD 10.7 billion in August from USD 2.2 billion in the same month last year, and USD 9.7 billion in July this year, a report said on Wednesday.

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    15:16 (IST)15 Sep 2021
    Reforms for gems & jewellery sector to help achieve $ 43.75 bn export target this year: Anupriya Patel

    Introduction of reforms for the gems and jewellery industry such as revamped gold monetisation scheme, reduction in import duty of gold, and hallmarking would help push its growth rate and achieve USD 43.75 billion exports target for this fiscal year, Union Minister Anupriya Patel said on Wednesday. Gems and jewellery sector contributes about 7 per cent to GDP and 10-12 per cent to the country’s total merchandise exports.

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    15:15 (IST)15 Sep 2021
    Ami Organics share price rallies 20% today after strong listing; soars 84% from IPO price

    Ami Organics share price rallied 20 per cent to a fresh all-time high of Rs 1,121.45 apiece intraday on BSE. The specialty chemicals company made a strong debut on Tuesday, listing at a premium of 49 per cent. Since listing, Ami Organics stock price has soared over 23 per cent while 84 per cent from the issue price of Rs 610 per share. The initial public offering of Ami Organics was subscribed 64.54 times. Analysts say that a strong listing coupled with extreme positive sentiment in small and midcap stocks has led to strong buying in Ami Organics. “Technically, Rs 1166 will be the immediate resistance. Closing above this level could see a target of Rs 1290. Support remains at Rs 1040,” AR Ramachandran, Co-founder & Trainer, Tips2Trades, told Financial Express Online.

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    14:35 (IST)15 Sep 2021
    Bharti Airtel, Titan top Sensex gainers

    NTPC, Bharti Airtel, Titan, HCL Tech, SBI, TCS top BSE Sensex gainers at this hour.

    14:30 (IST)15 Sep 2021
    ICICI Securities: Buy at target price of Rs 870

    We initiate coverage on ICICI Securities (ISEC) with a BUY recommendation and a Target Price of Rs 870/share, implying an upside of 22% from CMP. With a market share of 8.4% in FY21, ISEC stands as the 4th largest broker amongst the active clients in NSE despite increased competition from the discount brokers. By leveraging its strong digital platform, the company endeavours to become a comprehensive solutions provider and cater to the various needs across the investors life cycle comprising of investment, protection, and borrowing. Axis Securities

    14:28 (IST)15 Sep 2021
    Brokerage view on Shree Cement

    We build in consolidated volume and EBITDA CAGRs of 12% and 14%, respectively, over FY21-24E. We have a Buy rating on the stock with a DCF-derived TP of Rs31,200 (Sep'22E), implying 18x 1-year forward EV/E. Emkay Global Financial Services

    14:20 (IST)15 Sep 2021
    Sensex, Nifty hit record highs; what should be the investors move

    So here goes...the big risk of investing in these markets is the risk of overpaying. And while it may still be ok to buy good quality stocks at stretched valuations but buying poor quality stocks with loss-making operations and bloated balance sheets should be a strict strict no-no. Investors in such companies have nowhere to hide when the tide turns. So, one should be highly wary of investing in such companies. Rahul Shah-Co-Head of Research at Equitymaster

    13:56 (IST)15 Sep 2021
    Rakesh Jhunjhunwala earns Rs 21 crore in one day on this stock in news; Zee Ent stock hits new 52-wk high

    Rakesh Jhunjhunwala earned a mark-to-market profit of Rs 20.53 crore in just one day on his purchase of Zee Entertainment shares yesterday. Further, he is earning more from this stock with the uptrend continuing today. Rakesh Jhunjhunwala’s Rare Enterprises bought 50 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) at Rs 220.44 per share on Tuesday, 14 September in bulk deals. ZEEL stock ended at Rs 261.5 on Tuesday, earning a neat Rs 41 per share for Rakesh Jhunjhunwala, totalling to Rs 20.53 crore.

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    13:41 (IST)15 Sep 2021
    Nifty hit 17500, Sensex tops 58700

    BSE Sensex was up 450 points or 0.76 per cent to 58,702, while Nfty 50 index crossed 17500, rising 0.70 per cent

    11:50 (IST)15 Sep 2021
    Bharti Airtel stock hits all-time high, RCom, Voda Idea jump; telecom shares gain ahead of Cabinet meeting

    Bharti Airtel share price hit a new all-time high, while other telecom stocks jumped ahead of the Union Cabinet meeting scheduled later today to consider financial relief to embattled companies. Bharti Airtel share price hit a record high of Rs 719.60, rising over 3 per cent on BSE. MTNL stock gained nearly 2 per cent while Reliance Communications added 1.6 per cent. Vodafone Idea stock was also up 0.58 per cent to Rs 8.74 apiece. The Union Cabinet is to meet later today to consider a moratorium on payment of spectrum dues by telecom firms.

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    11:08 (IST)15 Sep 2021
    Nifty looks set to achieve 17550 and 17750 target

    Nifty should be heading to 17550 and then 17750 as the next target points. Until this does not happen, we will be range-bound and choppy. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    10:26 (IST)15 Sep 2021
    Investors wanting to buy ZEEL stock should wait for a significant correction

    ZEEL has formed a head and shoulder pattern on its daily charts but failed to give a breakdown below its neckline. Technically it is indicating a pullback in the near term. However, investors wanting to buy the stock should wait for a significant correction before investing. Likhita Chepa, Senior Research Analyst, CapitalVia Global Research

    10:13 (IST)15 Sep 2021
    Gold Price Today, 15 Sep 2021: MCX gold support at Rs 46900; buy on dips for likely move till Rs 47500

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold and silver prices in India fell on Wednesday, even as yellow metal held above the key psychological level of $1,800. On Multi Commodity Exchange, gold October futures were down Rs 37 to Rs 47,223 per 10 gram, as against the previous close of Rs 47260. Silver December futures were ruling at Rs 63,419 per kg, down Rs 166. In the previous session, silver futures ended at Rs 63,585. 

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    09:45 (IST)15 Sep 2021
    Rupee likely to remain in tight range of 73.30-73.80 in short term

    Overall, the tone for the USDINR pair is likely to remain calmer until any unexpected event of economic data leads to a risk-aversion demand into the USD. Hence, the pair is expected to remain in a tight range of 73.30-73.80 over the short term and 73.00-74.20 over the medium term. Amit Pabari, managing director, CR Forex Advisors

    09:33 (IST)15 Sep 2021
    Nifty Media extends rally, rises 4% post 12% surge in previous session

    On sectoral front, Nifty Bank, Nifty Financial Services, Nifty Private Bank were trading in red. While Nifty Media, extending the previous day rally, further rose 4 per cent. 

    09:29 (IST)15 Sep 2021
    Axis Bank, HDFC bank, SBI top Sensex losers

    Axis Bank, Tech Mahindra, HCL Tech, HDFC Bank, Tata Consultancy Services (TCS), State Bank of India (SBI) were top BSE Sensex laggards

    09:26 (IST)15 Sep 2021
    Titan hits fresh record high; Bharti Airtel, RIL top Sensex gainers

    Titan, Bharti Airtel, Bajaj-Auto, M&M, Infosys, NTPC, Reliance Industries Ltd (RIL), Housing Development Finance Corporation (HDFC) were among top Sensex gainers

    09:22 (IST)15 Sep 2021
    Zee Entertainment Enterprises share price hits 10% upper circuit; fresh 52-week high

    Zee Entertainment Enterprises share price surged 10 per cent to hit a fresh 52-week high of Rs 287 in morning deals on BSE

    09:21 (IST)15 Sep 2021
    Nifty reclaims 17400, Sensex flat

    BSE Sensex was up 92 points or 0.16 per cent to 58,339, while Nfty 50 index crossed 17400, rising 27 points or 0.17 per cent

    09:05 (IST)15 Sep 2021
    Sensex hits new all-time high in pre-open

    BSE Sensex surged 400 points to 58,658, a new record high level in pre-opening session on Wednesday

    08:43 (IST)15 Sep 2021
    Stocks to buy: Nifty eyes 17500; SBI, IndusInd Bank, Motherson Sumi, others show strong uptrend in near-term

    Technically, on intraday charts, the Nifty 50 index has formed a triple top kind of formation. We are of the view that the market is still trading within the trading range and for the bulls, 17450/58500 would be the range breakout level. Above the same breakout formation is likely to continue up to 17500-17525/58700-58800. On the flip side, trading below 17350/58200 could possibly trigger intraday correction up to 17300-17275/58000-57900.

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    08:25 (IST)15 Sep 2021
    Zee Entertainment, HCL Tech, Ami Organics, Jindal Steel and Power, HAL stocks in focus

    Nifty futures were ruling at 17,418, up 27 points or 0.16 per cent on Singaporean Exchange on Wednesday, suggesting a positive start for BSE Sensex and Nifty 50. Investors will eye brent crude oil, stock-specific action, rupee movement against the US dollar and other global cues.

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    08:01 (IST)15 Sep 2021
    Council to discuss bringing petrol and diesel under GST

    Amid a raging row over the hefty taxes on petrol and diesel, the Goods and Services Tax (GST) Council will deliberate on Friday on bringing petrol and diesel under the GST regime even as it is set to sort out the vexatious issue of whether and how to compensate states for any GST revenue shortfall beyond June 2022, sources told FE.

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    08:00 (IST)15 Sep 2021
    US stocks end in red

    In overnight trade on Wall Street, US stock indices ended lower. The S&P 500 fell 25.68 points, the Dow Jones Industrial Average fell 292.06 points, and the Nasdaq fell 67.82 points.

    08:00 (IST)15 Sep 2021
    Asian stock markets trade lower

    Asian stock markets were trading lower in early deals on Wednesday. Japan’s Nikkei declined 1.05 per cent while the Topix index slipped 1.41 per cent. South Korea’s Kospi shed 0.28 per cent.

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