{"id":39931,"date":"2024-09-16T16:03:27","date_gmt":"2024-09-16T10:33:27","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=39931"},"modified":"2024-09-16T16:24:28","modified_gmt":"2024-09-16T10:54:28","slug":"benchmark-indices-sensex-and-nifty-ended-higher-all-the-sectoral-indices-ended-in-green-except-fmcg-and-telecom-indices-broader-market-indices-climbed-to-record-highs","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/benchmark-indices-sensex-and-nifty-ended-higher-all-the-sectoral-indices-ended-in-green-except-fmcg-and-telecom-indices-broader-market-indices-climbed-to-record-highs\/","title":{"rendered":"Benchmark indices Sensex and Nifty ended higher; All the sectoral indices ended in green except FMCG and Telecom indices; Broader market indices climbed to record highs"},"content":{"rendered":"\t\t
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POST-MARKET REPORT<\/strong><\/span><\/p>

Indian markets climbed to a fresh all-time high and snapped a three-day losing streak on September 16, with Nifty finishing near 25,400 led by bank, metal, and energy names.<\/span><\/p>

At close, the Sensex was up 97.84 points or 0.12 percent at 82,988.78, and the Nifty was up 27.25 points or 0.11 percent at 25,383.75.<\/span><\/p>

After a positive start, the market extended the gains to hit a fresh record high. However, it erased the gains as the day progressed, but buying at lower levels helped to close the session in the green territory.<\/span><\/p>

Top Nifty gainers included NTPC, JSW Steel, Hindalco Industries, Shriram Finance, and L&T, while losers were Bajaj Finance, HUL, Bajaj Finserv, SBI Life Insurance, and Britannia Industries.<\/span><\/p>

Among sectors, except FMCG and Telecom, all other sectoral indices ended in the green with bank, capital goods, power, realty, media, and metal up 0.4-1 percent.<\/span><\/p>

Broader indices also rallied to record highs with the BSE midcap index ending on a flat note, while smallcap index was up 0.3 percent.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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STOCKS TODAY<\/strong><\/span><\/p>

Union Bank of India:<\/strong> The stock rallied almost 3 percent on September 16, following an upgrade by Investec, which moved the stock to a ‘buy’ rating and set a target price of Rs 151, indicating a potential 19 percent upside from current levels.<\/span><\/p>

Bajaj Finance:<\/strong> Shares of Bajaj Finance dipped nearly 4 percent on the BSE on September 16 after the listing of Bajaj Housing Finance on the bourses. Bajaj Housing Finance shares made a bumper debut on the stock exchanges with the shares getting listed at Rs 150 on the BSE. This was a 114.28 percent premium over the IPO issue price of Rs 70.<\/span><\/p>

Bajaj Finserv:<\/strong> Shares slipped 2 percent after the listing of Bajaj Housing Finance on the bourses. Bajaj Housing Finance shares made a bumper debut on the stock exchanges with the shares getting listed at Rs 150 on the BSE. This was a 114.28 percent premium over the IPO issue price of Rs 70.<\/span><\/p>

Stove Kraft:<\/strong> The stock surged almost 8 percent after Emkay Global initiated a ‘buy’ rating with a target price of Rs 1,350. Analysts are optimistic, citing the stock\u2019s attractive valuations and the company\u2019s strong innovation and ‘value for money’ positioning.<\/span><\/p>

Adani Power:<\/strong> Shares soared around 6 percent on September 16 after the two Adani group companies said they had received a Letter of Intent (LoI) for the supply of 6,600 MW hybrid solar and thermal power from Maharashtra State DISCOM.<\/span><\/p>

Galaxy Surfactants:<\/strong> The stock zoomed over 8 percent on September 16 on the National Stock Exchange (NSE), driven by high volumes. So far in the day, a total of 1 lakh shares of the company changed hands on BSE and NSE combined, compared to the monthly average trading volume of 27,000 shares.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"POST-MARKET REPORT Indian markets climbed to a fresh all-time high and snapped a three-day losing streak on September…","protected":false},"author":5,"featured_media":37651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[44],"tags":[46,48,47,23],"class_list":{"0":"post-39931","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eveninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-sensex-today","11":"tag-stock-market","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nBenchmark indices Sensex and Nifty ended higher; 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