Stock Market Today: Nifty End Near 20,200, Sensex Soars by 320 Points

September 15, 2023September 15, 2023 admin

Stock Market Today Sept 15, 2023: Indian stock markets ended the volatile session with moderate gains on Friday. The domestic markets opened higher following gains from Wall Street overnight and as China released some upbeat economic data. The key indices traded above their neutral lines throughout the day, Sensex and Nifty ended at a fresh record high.

Stock Market Indexes Today

The Nifty 50 index closed higher by 89.25 points or 0.44 percent and closed at 20192.35 levels while the Sensex was up by 319.64 points or 0.47 percent and finished at 67838.64 levels. The Bank Nifty index ended higher by 230.65 points or 0.50 percent on the spot level and closed at 46231.50 levels.

The broader markets also closed higher in line with their larger peers today, as the Nifty midcap index was up by 113.85 points or 0.28 percent and closed at 40829.90 levels. The Nifty smallcap index ended higher by 51.80 points or 0.41 percent at 12793.75 levels.

Nifty 50 Top Gainers & Losers

The top gainers in the Nifty 50 index were Bajaj Auto, Bharti Airtel, M&M, Hero Motors, and Grasim and the top losers were BPCL, Asian Paints, HUL, Tata Consumer, and Britannia

The top gainers in the Nifty midcap index were Idea, Yes Bank, and Bandhan Bank, and the top losers were Hind Perto, IRFC, and SAIL

The smallcap top gainers were FACT, UCO Bank, and Mazgaon Dock while the top losers were JSL, Birla Corp, and IRB

The most active stocks in the Nifty index in terms of value were HDFC Bank, Reliance, and ICICI Bank. The most active stocks in terms of volume were HDFC Bank, Tata Steel, and Power Grid.

On the sectoral front, Auto, IT, and Pharma closed higher while the sectors that closed in the red were FMCG, Realty, and Energy.

Global Stock Market Today

The other Asian stock market indexes closed higher on Friday following gains from the US markets overnight and as China’s economic data showed some recovery. The market sentiments were upbeat, as China’s August retail sales and factory activity data beat expectations, while fixed asset investment grew slightly slower than expected in August. Home prices slipped 0.1% in August as compared to the same period last year.

Hang Seng index trimmed some intraday gains, while the Shanghai index erased all gains and ended in the red. Japan’s Nikkei gained more than 1 percent, as its investment holding company Softbank shares surged 3 percent after shares of its subsidiary “Arm shares” gained nearly 25 percent in its debut on the Nasdaq.

Australia’s S&P/ASX 200 and Kospi also ended higher by more than 1 percent. Elsewhere, Straits Times, Taiwan ended higher while the SET Composite closed in the red.

European stock market indexes are trading higher following the positive cues from Asian markets and as the British chipmaker “ARM” debuted strongly on the Nasdaq index on Thursday.

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Stock Market Prediction Next Week (11-15 Sept 2023)

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Editorial desk