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Sunday, September 26, 2021

Market Highlights: Sensex ends 403 points higher, Nifty settles above 16,600-mark

Share Market, Stock Market Highlights: The Sensex and Nifty settled around 0.75 per cent higher as broader markets outperformed. Here's everything that happened in the markets on Tuesday.

By: Express Web Desk | New Delhi |
Updated: August 24, 2021 4:27:50 pm
indian stock market, indian share market, bse sensex, nse nifty 50, stock market news update, business news india, indian express business newsShare Trading at a firm in Kolkata. (Express photo by Partha Paul)

Share/Stock Market Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 0.75 per cent higher on Tuesday led by gains in metals, banking and financial stocks.

The S&P BSE Sensex rose 403.19 points (0.73 per cent) to end at 55,958.98 while the Nifty 50 settled at 16,624.60, up 128.15 points (0.78 per cent).

The gains on the Sensex were led by the shares of Bajaj twins – Bajaj Finserv, and Bajaj Finance, along with Tech Mahindra, Tata Steel, HDFC Bank and State Bank of India (SBI).

Among the sectoral indices on the NSE, the Nifty Metal index rose 2.90 per cent on Tuesday led by gains in National Aluminium Company, NMDC and Welspun Corp. The Bank Nifty too rose 1.67 per cent aided by IDFC First Bank and AU Small Finance Bank. The Nifty Financial Services index climbed 1.39 per cent led by Bajaj Finserv, Mahindra & Mahindra Financial Services and Cholamandalam Investment and Finance Company.

In the broader market, the S&P BSE MidCap index was trading at 22,809.53, up 334.23 points (1.49 per cent), while the S&P BSE SmallCap was at 25,783.63, up 425.61 points (1.68 per cent).

In the broader market, the S&P BSE MidCap index rose 341.05 points (1.52 per cent) to end at 22,816.35, while the S&P BSE SmallCap ended at 25,786.96, up 428.94 points (1.69 per cent). The volatility index or India VIX fell 3.63 per cent to 13.1875.

Apart from this, two new IPOs made their debut in today’s trade – Aptus Value Housing Finance India and Chemplast Sanmar. While Aptus Value Housing Finance made a weak listing on the stock exchanges at 6.5 per cent lower than its issue price, Chemplast Sanmar had a mixed listing today.

(with inputs from agencies)

Live Blog

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

16:07 (IST)24 Aug 2021
MARKET QUOTE | Deepak Jasani, Head of Retail Research, HDFC Securities on Tuesday's market performance

"Nifty bounced up well over the past two days and on Aug 24, it filled the downgap formed on Friday on closing basis. The Advance-decline ratio also improved dramatically to the highest since Aug 12. Nifty is just 76 points away from the all-time high formed on Aug 18. More than the Nifty, focus will remain for some time on the broader markets, as to how much does the broader market recover when the Nifty is near all-time highs."

15:55 (IST)24 Aug 2021
MARKET QUOTE | Vinod Nair, Head of Research, Geojit Financial Services on Tuesday's market performance

"Strong rebound in broader markets along with favourable global cues bolstered optimism in Dalal Street, led by metal, banking and realty stocks. Metal stocks led the rally as value buying was witnessed in the sector after deep sell-off during the past four trading sessions due to weak iron ore futures across the globe. The USFDA granted full approval to the Covid-19 vaccine by Pfizer and BioNTech which pumped in hopes of faster inoculations."

15:52 (IST)24 Aug 2021
Rupee at close

Rupee inches up 3 paise to close at 74.19 (provisional) against US dollar.

(PTI)

15:33 (IST)24 Aug 2021
Equity markets at close

The S&P BSE Sensex ended at 55,958.98, up 403.19 points or 0.73 per cent, while the Nifty 50 settled at 16,624.60, up 128.15 points or 0.78 per cent.

15:30 (IST)24 Aug 2021
Crude oil futures rise on spot demand

Crude oil prices rose Rs 45 to Rs 4,932 per barrel on Tuesday, as participants widened their positions on a firm spot demand.

On the Multi Commodity Exchange, crude oil for the August delivery traded higher by Rs 45, or 0.92 per cent, at Rs 4,932 per barrel in 4,927 lots.

Analysts said raising of bets by participants kept crude oil prices higher in the futures trade.

Globally, West Texas Intermediate crude oil was up 1.01 per cent to USD 66.30 per barrel, while Brent crude traded 1.15 per cent higher at USD 69.54 per barrel in New York.

(PTI)

15:29 (IST)24 Aug 2021
Silver futures drop on subdued demand

Silver futures on Tuesday dropped Rs 90 to Rs 62,837 per kg, as participants reduced their bets on low demand.

On the Multi Commodity Exchange, silver contracts for the September delivery tumbled by Rs 90, or 0.14 per cent, to Rs 62,837 per kg in a business turnover of 8,115 lots.

Silver traded lower by 0.24 per cent at USD 23.65 per ounce in New York.

(PTI)

15:28 (IST)24 Aug 2021
Gold futures fall on low demand

Gold prices fell Rs 98 to Rs 47,486 per 10 gram in the futures trade on Tuesday, as speculators reduced their positions amid low demand.

On the Multi Commodity Exchange, gold contracts for the October delivery traded lower by Rs 98, or 0.21 per cent, to Rs 47,486 per 10 gram in a business turnover of 11,947 lots.

Analysts attributed the fall in gold prices to trimming of positions by participants.

Globally, gold traded 0.18 per cent lower to USD 1,803 an ounce in New York.

(PTI)

15:04 (IST)24 Aug 2021
Soybean futures rise on fresh bets

Soybean prices on Tuesday went up by Rs 110 to Rs 8,740 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 110, or 1.27 per cent, to Rs 8,740 per quintal with an open interest of 20,325 lots.

Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.

(PTI)

15:02 (IST)24 Aug 2021
Nickel futures rise on firm spot demand

Nickel prices rose 0.2 per cent to Rs 1,425.60 per kg in the futures trade on Tuesday, as speculators built up fresh positions on rising demand from alloy makers in the spot market.

On the Multi Commodity Exchange, nickel contracts for the September delivery gained Rs 2.90, or 0.2 per cent, to Rs 1,425.60 per kg in a business turnover of 914 lots.

A rise in demand in the spot market from alloy makers mainly supported the price rise in nickel futures, analysts said.

(PTI)

15:01 (IST)24 Aug 2021
Copper futures fall on weak demand

Copper futures on Tuesday slipped 0.18 per cent to Rs 708.35 per kg, as participants cut their positions amid muted demand in the domestic market.

On the Multi Commodity Exchange, copper contracts for the August delivery eased by Rs 1.25, or 0.18 per cent, to Rs 708.35 per kg in a business turnover of 2,421 lots.

Analysts said trimming of positions by speculators due to muted demand in the spot market mainly led to the fall in copper prices here.

(PTI)

14:20 (IST)24 Aug 2021
Gold eases, hovers above $1,800 on virus fears, easing taper concerns

Gold prices eased on Tuesday but hovered above the key psychological level of $1,800, as the rising threat from increasing Delta coronavirus variant cases fanned expectations that the US Federal Reserve might delay easing its accommodative stance.

Spot gold eased 0.1% to $1,803.53 per ounce by 0650 GMT, after jumping about 1.4% on Monday. US gold futures were flat at $1,806.30.

(Reuters)

14:11 (IST)24 Aug 2021
Petrol and diesel prices cut

Prices of petrol and diesel eased across the country on Tuesday, August 24, 2021, after remaining steady for a day. In the national capital, the petrol price fell 15 paise while that of diesel slipped 15 paise.

Following the latest price revision, petrol in Delhi is now retailing at Rs 101.49 a litre while diesel is selling at Rs 88.92. In the financial capital Mumbai, petrol price now stands at Rs 107.52 while diesel costs Rs 96.48, data available on Indian Oil Corporation’s website showed. Click here to read the complete report

City Petrol (Rs/litre) Diesel (Rs/litre)
New Delhi 101.49 88.92
Mumbai 107.52 96.48
Kolkata 101.82 91.98
Chennai 99.20 93.52
Bengaluru 104.98 94.34
Hyderabad 105.54 96.99
Patna 103.99 94.75
Bhopal 109.91 97.72
Jaipur 108.42 98.06
Lucknow 98.56 89.29
Thiruvananthapuram 103.69 95.68
Source: Indian Oil Corporation 
13:57 (IST)24 Aug 2021
Oil rises as full US clearance for COVID-19 vaccine stokes demand hopes

Oil prices rose on Tuesday after the US drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a potential rise in US coronavirus vaccination rates.

Brent crude oil futures were up 46 cents, or 0.7%, to $69.21 a barrel by 0648 GMT, while US West Texas Intermediate (WTI) had gained 34 cents, or 0.5%, to $65.98. Both benchmarks jumped more than 5% on Monday, helped by a weaker US dollar, after marking their biggest week of losses in more than nine months last week.

(Reuters)

12:11 (IST)24 Aug 2021
Chemplast Sanmar shares list on a mixed note in stock market

The shares of specialty chemicals maker Chemplast Sanmar made a return to the stock exchanges on a mixed note today.

The scrip got listed at Rs 525.00 apiece on the BSE, thereby registering a fall of 2.96 per cent from its offer price of Rs 541.00. On the National Stock Exchange (NSE) however, it opened at Rs 550.00, registering a gain of 1.66 per cent from the issue price. Click here to read the complete report

11:00 (IST)24 Aug 2021
Aptus Value Housing Finance shares list at 6.5 per cent below their issue price

The shares of home loan provider Aptus Value Housing Finance India made a weak debut on the stock exchanges today listing at over 6.5 per cent lower than their issue price.

The scrip got listed at Rs 329.95 apiece on the BSE, thereby registering a fall of 6.53 per cent from its offer price of Rs 353.00, while on the National Stock Exchange (NSE), it opened at Rs 333.00, down 5.67 per cent from the issue price. Click here to read the complete report

10:58 (IST)24 Aug 2021
Rupee rises 9 paise against US dollar in early trade

The rupee appreciated 9 paise to 74.13 against the US dollar in opening trade on Tuesday, following a positive trend in domestic equities. However, flight of foreign capital, a strong dollar overseas and higher crude prices restrained the rupee to gain momentum, forex dealers said.

At the interbank foreign exchange, the rupee opened strong at 74.12 against the dollar, then it weakened slightly to quote 74.13, a rise of 9 paise over its previous close.

(PTI)

10:23 (IST)24 Aug 2021
Chemplast Sanmar lists at a premium on NSE

Chemplast Sanmar got listed at over 1.5 per cent higher from its issue price on NSE. The scrip opened at Rs 550.00 apiece on the NSE, up 1.66 per cent from its issue price of Rs 541.00.

Source: NSE
10:15 (IST)24 Aug 2021
Aptus Value Housing Finance makes a weak debut

Aptus Value Housing Finance India got listed today at over 5 per cent discount from its issue price. The scrip opened at Rs 333.00 apiece on the NSE, down 5.67 per cent from its issue price of Rs 353.00.

Source: NSE
09:54 (IST)24 Aug 2021
NSE sectoral indices in early trade

Among the sectoral indices on the National Stock Exchange (NSE), the Nifty Metal index has risen over 2 per cent, while the Nifty Bank index is up nearly 0.3 per cent.

Source: NSE
09:49 (IST)24 Aug 2021
BSE Sensex: Gainers and losers in early trade

On the 30-share BSE benchmark, gains were being led by Tata Steel, Tech Mahindra, NTPC, Ultratech Cement, IndusInd Bank and Powergrid.

Source: BSE

On Monday, equity benchmark Sensex ended 226 points higher following gains in index heavyweights TCS, HCL Tech and Reliance Industries amid a positive trend in global markets.

After rallying over 450 points during the day, the 30-share index pared some gains to end 226.47 points (0.41 per cent) higher at 55,555.79. Similarly, the broader Nifty advanced 45.95 points (0.28 per cent) to 16,496.45.

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