Nifty Near 25,400; NTPC Up 1.97% | Capital Market Update

In the latest market update, the domestic equity benchmarks showed limited gains during afternoon trade. The Nifty hovered around the 25,400 level after reaching a low of 25,336.20 earlier in the day. With the exception of the Nifty FMCG index, all other sectoral indices on the NSE were trading in positive territory.

At 13:30 IST, the S&P BSE Sensex was up 143.76 points or 0.17% at 83,034.59, while the Nifty 50 index added 43.30 points or 0.17% to reach 25,399.80. Both indices had hit all-time highs earlier in the day, with the Sensex reaching 83,184.34 and the Nifty reaching 25,445.70.

In the broader market, the S&P BSE Mid-Cap index rose by 0.02% and the S&P BSE Small-Cap index saw a gain of 0.26%. Both indices also hit record highs of 49,506.01 and 57,502.74 respectively.

The market breadth remained positive, with 2,122 shares advancing, 1,882 shares declining, and 125 shares remaining unchanged on the BSE.

In economic news, India’s forex reserves surged to a new all-time high of $689.235 billion for the week ended September 6, with foreign currency assets increasing to $604.144 billion.

On the stock front, major gainers on the Nifty included NTPC, JSW Steel, Shriram Finance, Hindalco Industries, and Mahindra & Mahindra, while Bajaj Finance, Hindustan Unilever, Bajaj Finserv, SBI Life Insurance Company, and Britannia Industries were among the top losers.

In the spotlight were companies like Infosys, Central Depository Services (India), Adani Power, Adani Green Energy, Torrent Power, HEG, and The Phoenix Mills, each with their own positive developments driving their stock prices.

Global markets were mixed, with European and Asian stocks trading cautiously ahead of key interest rate decisions from the US Federal Reserve and the Bank of England. Economic data from China showed weakening indicators, while US stocks closed higher on Friday in anticipation of the upcoming Fed meeting.

As investors navigate through these developments, the market remains dynamic and full of opportunities for traders and investors alike. Stay tuned for more updates as the day progresses.