scorecardresearch
Follow Us:
Tuesday, September 21, 2021

Market Highlights: Indices end at fresh highs, Sensex climbs 167 points, Nifty settles at 13,378; Realty, IT stocks rally

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at a fresh lifetime high of 58,296.91, up 166.96 points (0.29 per cent), while the Nifty 50 settled at an all-time high of 17,377.80, up 54.20 points (0.31 per cent).

By: Express Web Desk | New Delhi |
Updated: September 6, 2021 4:23:46 pm
Bombay Stock Exchange building. (Express archive photo)

Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) climbed 0.3 per cent to end at fresh record highs on Monday led by gains in Reliance Industries (RIL) and information technology (IT) stocks.

The S&P BSE Sensex rose 166.96 points (0.29 per cent) to end at a record closing high of 58,296.91. Earlier in the day, the BSE benchmark had surged 385.90 points (0.66 per cent) to hit a fresh record intraday high of 58,515.85.

Likewise, the Nifty 50 climbed 54.20 points (0.31 per cent) to end at an all-time high of 17,377.80. The NSE barometer had earlier breached the 17,400-mark for the first time ever to touch a record high of 17,429.55.

HCL Technologies, Infosys, RIL, Tech Mahindra, Bajaj Auto and Mahindra & Mahindra (M&M) were the top gainers of the day on the Sensex pack. On the other hand, IndusInd Bank, Kotak Mahindra Bank, PowerGrid Corporation, Sun Pharmaceutical Industries, Asian Paints and Titan Company were the top laggards.

Among the sectoral indices on NSE, the Nifty Realty index was the top gainer of the day surging 3.16 per cent led by Prestige Estates Projects, Oberoi Realty and Brigade Enterprises. Separately, the Nifty IT index rallied 1.50 per cent aided by Wipro, HCL Tech and MphasiS.

In the broader market, the S&P BSE MidCap index ended at 24,425.92, up 43.73 points (0.18 per cent), while the S&P BSE SmallCap rose 161.35 points (0.59 per cent) to settle at 27,466.66.

(with inputs from agencies)

Live Blog

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

15:47 (IST)06 Sep 2021
Equity markets at close

The S&P BSE Sensex ended at 58,296.91, up 166.96 points or 0.29 per cent, while the Nifty 50 settled at 17,377.80, up 54.20 points or 0.31 per cent.

14:56 (IST)06 Sep 2021
Soybean futures slip on muted demand

Soybean prices on Monday fell by Rs 107 to Rs 8,770 per quintal in futures market as participants cut down their positions on weak spot demand.

On the National Commodity and Derivatives Exchange, soybean contracts for September delivery fell Rs 107, or 1.37 per cent, to Rs 8,770 per quintal with an open interest of 14,755 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.

(PTI)

14:54 (IST)06 Sep 2021
Refined soya oil futures fall on low demand

Refined soya oil prices on Monday fell Rs 3 to Rs 1,390.7 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in September declined by Rs 3, or 0.22 per cent, to Rs 1,390.7 per 10 kg in 22,565 lots.

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

(PTI)

13:35 (IST)06 Sep 2021
Reliance Industries shares continue to rally; jump nearly 4 per cent

Shares of Reliance Industries Ltd continued to move higher on Monday and gained nearly 4 per cent after the company said its subsidiary has acquired majority stake in genomic testing firm Strand Life Sciences Pvt Ltd for Rs 393 crore.

The stock jumped 3.83 per cent to its all-time high of Rs 2,479.85 on the BSE. At the NSE, it gained 3.83 per cent to its all-time peak of Rs 2,480. Click here to read

12:08 (IST)06 Sep 2021
Petrol and diesel prices unchanged

Petrol and diesel prices remained unchanged across the country on Monday, September 6, 2021, a day after they were cut for the second time this month. On Sunday, 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 101.19 per litre while that of diesel is at Rs 88.62. In Mumbai, petrol currently costs Rs 107.26, while diesel is retailing at Rs 96.19, data available on Indian Oil Corporation’s website showed. Click here to check prices in your city

11:08 (IST)06 Sep 2021
Ketan Doshi: ‘Last mile delivery of financial services a huge opportunity’

The fast-growing fintech sector is slowly getting into the space of the traditional banking sector with the latest technology inputs, according to Ketan Doshi, MD, PayPoint India.

Fintech companies are expected to do what banks are currently doing in the coming years, he said. “You will see many fintech companies moving into the normal banking area. The traditional way of banking is going to change,” Doshi told The Indian Express. Click here to read

10:47 (IST)06 Sep 2021
Rupee falls 4 paise to 73.06 against US dollar in early trade

The Indian rupee declined 4 paise to 73.06 against the US dollar in opening trade on Monday, tracking a firm American currency.

At the interbank foreign exchange, the rupee opened at 73.02 against the dollar, then fell further to 73.06, registering a fall of 4 paise over its previous close.

(PTI)

10:45 (IST)06 Sep 2021
FPIs net buyers in August on dovish Fed stance; invest Rs 16,459 crore

Foreign portfolio investors (FPIs) were net buyers to the tune of Rs 16,459 crore in the domestic markets in August, with majority of investment coming in the debt segment. In equities, they invested just Rs 2,082.94 crore while debt segment saw inflow of Rs 14,376.2 crore between August 2-31, depositories data showed.

The quantum of investment in the debt segment is highest in this calender year so far. Click here to read

10:10 (IST)06 Sep 2021
Global market update

Asian shares edged higher on Monday as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation.

A holiday in the United States made for thin conditions and kept MSCI's broadest index of Asia-Pacific shares outside Japan to a small gain of 0.2%, though that was the highest since late July.

Japan's Nikkei added 1.7%, extending a rally on hopes a new prime minister there would bring added fiscal stimulus.

Chinese blue chips gained 1.3% amid speculation Beijing would also be adding stimulus through fiscal and monetary policy.

Nasdaq futures were barely changed, while S&P 500 futures dipped 0.1%. EUROSTOXX 50 futures and FTSE futures were little moved.

(Reuters)

09:55 (IST)06 Sep 2021
Equity markets at open

Sensex jumps 260.26 pts to hit lifetime high of 58,390.21 in opening session; Nifty surges 75.75 pts to record 17,399.35.

(PTI)

On Friday, the frontline equity indices on the BSE and National Stock Exchange (NSE) had surged 0.5 per cent to settle at fresh record highs led by gains in market heavyweight Reliance Industries (RIL).

The S&P BSE Sensex rose 277.41 points (0.48 per cent) to end above the 58,000-mark at a record closing high of 58,129.95. Earlier in the day, the BSE benchmark had surged 342.25 points (0.59 per cent) to surge past the 58,000 level mark for the first time ever and hit a fresh record intraday high of 58,194.79.

Likewise, the Nifty 50 climbed 89.45 points (0.52 per cent) to end at an all-time high of 17,323.60. The NSE barometer had earlier breached the 17,300-mark for the first time ever to touch a record high of 17,340.10.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.