Stock Market Today Highlights: Sensex And Nifty End On Positive Market Sentiment Today, Nifty Rallies Above 25,100 As Sensex Hits Two-Month High, auto Sector And Metals At Top

Market Wrap-Up: Nifty Surges Above 25,100 as Sensex Hits Two-Month High

On September 12, Indian stock markets ended positively, with the Nifty climbing above 25,100 and the Sensex rising by around 350 points to close near 81,905. This marked the eighth consecutive day of gains, the longest winning streak in a year. Key stocks like ICICI Bank and Reliance contributed significantly to the rally. The Nifty Bank index gained 140 points, closing at 54,809, while the Midcap index rose by 184 points to 58,227.

Sector-wise, Capital Goods and PSU indices led the gains. However, FMCG was the biggest loser. Auto stocks mostly saw buying interest, though Maruti Suzuki and Eicher Motors declined. Consumption stocks, including Eternal and Hindustan Unilever, faced some profit booking, falling nearly 2%.

Metals were strong performers, with Hind Copper surging 11% amid plans for ₹2,000 crore capex over the next five years. Defence stocks gained on government support, with Mazagon Dock and BDL rising 5% each. JBM Auto jumped 15% after securing $100 million funding from IFC. Market breadth was balanced, with advances and declines in equal measure, reflecting cautious investor sentiment.

• Sensex: 81,879.73, up by 331.00 points (0.41%)
• Nifty: 25,101.85, up by 96.35 points (0.39%)

• Sensex: 81,763.80

  • Up by 215.07 points (0.26%)

• Nifty: 25,078.65

  • Up by 73.15 points (0.29%)

Tata Capital is set to launch an initial public offering (IPO) worth $2 billion in the first half of October. This move aims to raise significant capital for growth and expansion, marking one of the largest IPOs in the financial sector this year. Investors are eagerly watching this development.

Global markets are showing mixed signals today. In Asia, markets are mostly higher, with Japan’s Nikkei hitting a fresh record, and South Korea’s Kospi and China’s Shanghai markets also gaining.

In India, GIFT Nifty points to a mildly positive start for the day.

Over in the US, after a record-setting day on Wall Street, futures are slightly lower. The Dow made history by closing above 46,000 for the first time, jumping 600 points. The S&P 500 and Nasdaq also rose, aiming for their best week in a month.

Inflation data showed US consumer prices rose 0.4% in August, higher than expected, with annual inflation at 2.9%. The European Central Bank kept interest rates steady, as many expected.

Meanwhile, weekly US jobless claims hit their highest level since October 2021, while the 10-year Treasury yield dropped to 4%. The US dollar weakened, and gold stayed near record highs. Oil prices dipped due to weak demand, despite tensions in the Middle East.

At 7:40 AM:
Sensex today: GIFT Nifty signals a positive start, gaining 69.5 points (0.28%) with futures around 25,181.

At 8:50 AM:
GIFT Nifty dips 15 points (0.06%) to 25,172.

In a largely volatile session, Indian equity markets ended Thursday on a positive note, with the Nifty50 closing above the 25,000 mark for the first time since August 21. The index gained 32.40 points, or 0.13%, to settle at 25,005.50, marking its seventh straight day of gains. Meanwhile, the BSE Sensex rose 123.58 points, or 0.15%, to end at 81,548.73, registering its fourth consecutive positive close.

Broader markets underperformed, with both the BSE Midcap and Smallcap indices ending flat. Among Nifty stocks, Adani Enterprises, Shriram Finance, NTPC, Axis Bank, and Power Grid were the top gainers, while Bajaj Auto, Infosys, SBI Life, Wipro, and Titan led the losses.

Sectorally, energy, PSU banks, pharma, oil & gas, and media gained between 0.5% and 1%. However, IT and auto stocks saw pressure, with the IT index down 0.5% and auto slipping 0.3%.

Markets remain cautiously optimistic ahead of key global cues.