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Saturday, September 18, 2021

Market Highlights: Sensex and Nifty end at record highs; Telecom, auto stocks gain

Share Market, Stock Market Highlights: The S&P BSE Sensex ended at 58,723.20, up 476.11 points (0.82 per cent), while the Nifty 50 settled at 17,519.45, up 139.45 points (0.80 per cent).

By: Express Web Desk | New Delhi |
Updated: September 15, 2021 5:45:56 pm
bse, bse sensexBSE (Express Photo by Amit Chakravarty)

Share/Stock Market Highlights: The benchmark indices on the BSE and National Stock Exchange gained 0.8 per cent to end at record highs on Wednesday aided by telecom and auto stocks which saw a rally after the government announced packages for the sectors.

The S&P BSE Sensex surged 476.11 points (0.82 per cent) to end at a record closing high of 58,723.20. During the day, the BSE benchmark had touched a lifetime high of 58,777.06. Likewise, the Nifty 50 climbed 139.45 points (0.80 per cent) to settle at an all-time high of 17,519.45. In the intraday trade, the 50-share frontliner had breached the 17,500-mark for the first time ever and hit a record high of 17,532.70.

Gains on the Sensex on Wednesday were led by NTPC, Bharti Airtel, Titan Company, HCL Technologies, State Bank of India (SBI) and Power Grid Corporation of India. On the other hand, Nestle India, Ultratech Cement and Axis Bank were among the laggards.

Among sectors, the S&P BSE Telecom index climbed 3.45 per cent led by Reliance Communications and Bharti Airtel. The S&P BSE Auto too climbed 0.93 per cent led by Tube Investments of India, Motherson Sumi Systems and Ashok Leyland.

In the broader market, the S&P BSE MidCap ended at 25,215.96, up 162.29 points (0.65 per cent) while the S&P BSE SmallCap ended at 28,284.07, up 241.62 points (0.86 per cent).

(with inputs from agencies)

Live Blog

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

12:54 (IST)15 Sep 2021
Zee Entertainment share price surges after Rakesh Jhunjhunwala and BofA Securities buy stake

Shares of Zee Entertainment Enterprises (ZEEL) have been on a bull run over the past two trading sessions after ace investor Rare Enterprises Ltd and BofA Securities Europe SA bought shares of the company worth over Rs 225 crore through open market transactions.

After surging 40.06 per cent on the National Stock Exchange (NSE) on Tuesday, the stock rallied another 14.99 per cent in the intraday trade on Wednesday to hit a 52-week high of Rs 300.75 on the NSE. The scrip has jumped as much as 60.96 per cent from Monday’s close of Rs 186.85. Click here to read

11:23 (IST)15 Sep 2021
Petrol and diesel prices unchanged

Prices of petrol and diesel remained steady across the country for the tenth consecutive day on Wednesday, September 15, 2021. The prices of the key auto fuels were last revised on September 5 when 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 read

11:20 (IST)15 Sep 2021
Rupee inches 2 paise higher at 73.66 against US dollar in early trade

The Indian rupee opened on a flat note and inched higher by 2 paise to 73.66 against the US dollar in opening trade on Wednesday.

The domestic unit was trading in a narrow range as the US dollar regained strength ahead of the release of US inflation data. Moreover, high crude oil prices also restricted gains in the rupee, forex traders said.

At the interbank foreign exchange, the rupee opened at 73.68 against the dollar, then inched higher to 73.66, up 2 paise over its previous close.

The local unit touched an intra-day low of 73.71 in initial deals.


10:10 (IST)15 Sep 2021
GST Council to take up fuel inclusion, food delivery apps

A discussion to enact taxing of petroleum products including petrol, diesel, and aviation turbine fuel under the ambit of Goods and Services Tax (GST) is likely to take place in the 45th GST Council meeting on Friday. While this move is expected to bring in uniformity for taxing petroleum products, it would also entail a loss in the revenue share of taxes levied by the states and cesses by the Centre.

The Council in its meeting scheduled in Lucknow is likely to consider extending the time for duty relief on Covid essentials along with possibility of inclusion of food delivery apps like Swiggy and Zomato as restaurant services, sources said. The move for food apps is expected to shift the compliance burden to them instead of restaurants and will help in curbing tax evasion. It will discuss the modalities of continuation of compensation cess beyond June 2022. Click here to read

09:57 (IST)15 Sep 2021
Global market update

Asian shares fell on Wednesday as weak Chinese economic data reinforced worries about slowing growth globally as well as in the world's second-biggest economy amid fraught nerves over a still-dominant pandemic and tapering of central banks' stimulus.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data, while Tokyo's Nikkei shed 0.89%, moving off a more than 31-year closing-high the day before.

Chinese blue chips were down 0.73%. The Hong Kong benchmark shed 0.87% dragged down by casino stocks as the gaming hub of Macau begins a consultation ahead of a closely watched rebidding of its multi-billion dollar casinos next year.


09:49 (IST)15 Sep 2021
Equity markets at open

Sensex rises 64.24 pts to 58,311.33 in opening session; Nifty advances 22.05 pts to 17,402.05.


On Tuesday, the frontline equity indices on the BSE and National Stock Exchange had ended with marginal gains.

The S&P BSE Sensex rose 69.33 points (0.12 per cent) to end at 58,247.09, while the Nifty 50 inched up 24.70 points (0.14 per cent) to settle at 17,380.00.

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