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Tuesday, September 21, 2021

Market Highlights: Sensex jumps 514 points, Nifty settles at 17,234; IT, FMCG, pharma stocks gain

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at a fresh lifetime high of 57,852.54, up 514.33 points (0.90 per cent), while the Nifty 50 settled at an all-time high of 17,234.15, up 157.90 points (0.92 per cent).

By: Express Web Desk | New Delhi |
Updated: September 2, 2021 5:51:07 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Market Highlights: The topline equity indices on the BSE and National Stock Exchange (NSE) surged nearly 1 per cent higher to settle at a fresh record highs on Thursday led by information technology (IT), fast moving consumer goods (FMCG) and pharmaceutical stocks.

The S&P BSE Sensex jumped 514.33 points (0.90 per cent) to end at a fresh record closing high of 57,852.54. Likewise, the Nifty 50 climbed 157.90 points (0.92 per cent) to end at an all-time high of 17,234.15. The NSE barometer had earlier in the day touched a record high of 17,245.50.

Tata Consultancy Services (TCS), Hundustan Unilever (HUL), Ultratech Cement, Dr. Reddy’s Laboratories, Nestle India, Kotak Mahindra Bank were among the top gainers of the day on Thursday while Mahindra & Mahindra (M&M), Bajaj Auto, Bajaj Finserv and Bajaj Finance were among the top laggards.

Among the sectoral indices on NSE, the Nifty IT index surged 1.67 per cent led by MindTree and TCS. The FMCG index climbed 1.64 per cent aided by Varun Beverages, Marico, Godrej Consumer Products and Jubilant Foodworks. The Nifty Pharma index too rose 0.97 per cent aided by Cipla, Aurobindo Pharma and Dr. Reddy’s.

In the broader market, the S&P BSE MidCap index ended at 24,297.51, up 224.93 points (0.93 per cent), while the S&P BSE SmallCap settled at 27,195.12, up 215.23 points (0.80 per cent).

(with inputs from agencies)

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Stocks, BSE Sensex, NSE Nifty, Crude oil prices, gold, silver prices, commodity market and money markets LIVE updates:

15:42 (IST)02 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 57,852.54, up 514.33 points or 0.90 per cent, while the Nifty 50 settled at 17,234.15, up 157.90 points or 0.92 per cent.

14:16 (IST)02 Sep 2021
Gold futures gain on spot demand

Gold prices on Thursday rose Rs 57 to Rs 47,125 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand.

On the Multi Commodity Exchange, gold contracts for the October delivery traded higher by Rs 57, or 0.12 per cent, at Rs 47,125 per 10 gram in a business turnover of 11,171 lots.

Fresh positions built up by participants led to the rise in gold prices, analysts said.

Gold prices traded 0.07 per cent higher at USD 1,817.2 per ounce in New York.


12:18 (IST)02 Sep 2021
Petrol and diesel prices unchanged

Petrol and diesel prices remained unchanged across the country on Thursday, September 2, 2021, a day after they were cut for the first time in over a week. On Wednesday, petrol and diesel prices were cut by 15 paise per litre each in the national capital.

The price of petrol in Delhi stands at Rs 101.34 per litre while that of diesel is at Rs 88.77. In Mumbai, petrol currently costs Rs 107.39, while diesel is retailing at Rs 96.33, data available on Indian Oil Corporation’s website showed. Click here to read the full report

City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 101.34 88.77
Mumbai 107.39 96.33
Kolkata 101.72 91.84
Chennai 99.08 93.38
Bengaluru 104.84 94.19
Hyderabad 105.40 96.84
Patna 103.89 94.65
Bhopal 109.77 97.57
Jaipur 108.27 97.91
Lucknow 98.43 89.15
Thiruvananthapuram 103.56 95.53
Source: Indian Oil Corporation 
11:15 (IST)02 Sep 2021
Rupee rises 6 paise to 73.02 against US dollar in early trade

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the rupee opened at 73.04 against the dollar, then surged higher to 73.02, up 6 paise over its previous close.


10:13 (IST)02 Sep 2021
Oil drops after OPEC+ reaffirms supply return as demand wavers

Oil prices fell on Thursday after OPEC+ agreed to keep its policy of gradually returning supply to the market at a time when coronavirus cases around the world are surging and many US refiners, a key source of crude demand, remained offline.

Brent crude was down by 16 cents, or 0.2%, at $71.43 a barrel by 0422 GMT, after dropping 4 cents on Wednesday. US oil fell 23 cents, or 0.3%, to $68.36 a barrel, after rising 9 cents in the previous session.


09:58 (IST)02 Sep 2021
Global market update

Asian share markets were in a cautious mood on Thursday as concerns grew over the Chinese economy after a run of soft data, while the risk of a sub par US payrolls report kept the dollar on the defensive.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.2% to a five-week high, helped by buying for the new quarter. Japan's Nikkei added 0.1%, while South Korea fell 0.6%.Nasdaq futures and S&P 500 futures were barely changed, while EUROSTOXX 50 futures eased 0.2% and FTSE futures 0.1%.


09:52 (IST)02 Sep 2021
Equity markets at open

Sensex rises 105.32 pts to 57,443.53 in opening session; Nifty advances 26.75 pts to 17,103.


On Wednesday, the benchmark equity indices on the BSE and National Stock Exchange (NSE) had ended over 0.3 per cent lower weighed by metals and information technology (IT) stocks.

The S&P BSE Sensex slipped 214.18 points (0.37 per cent) to end at 57,338.21. Earlier in the day, the BSE benchmark had surged 366.32 points (0.64 per cent) to hit a fresh record intraday high of 57,918.71.

Likewise, the Nifty 50 fell 55.95 points (0.33 per cent) to settle at 17,076.25. During the intraday trade, the NSE barometer had risen 93.55 points (0.55 per cent) to breach the 17,200 level mark and hit new all-time high of 17,225.75.

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