Nifty Climbs by 470 Pts, Sensex Gains 1,439 Pts on September 12, 2024

Nifty ? ? ? ??25,388 [+470.45] 1.89

Sensex ? ?82,962 [+1,439.55] 1.77

Reasons for Market Up?

• Positive US CPI data eased market concerns, leading to strong buying in the Indian stock market during the final hour of trading.

• Anticipation of a rate cut by China, aimed at boosting demand in real estate and commodities, which provided a boost to Indian markets.

• Increased foreign inflows were anticipated due to a solidified expectation of a Federal Reserve rate cut, enhancing investor sentiment in India.

Top 3 Stocks That Gained The Most?

Nifty?

Hindalco: +4.15

Bharti Airtel: +3.56

NTPC: +3.36

Sensex

Bharti Airtel: +3.68

NTPC: +3.53

JSW Steel: +2.96

Sectors of the Day?

Nifty Metal: +2.91

Nifty Auto: +2.14

Nifty PSU Bank: +1.71

• Bharti Airtel's stock rose today due to the expansion of its home Wi-Fi service across Jammu and Kashmir and Leh-Ladakh, reaching 1.1 million new households. Additionally, the completion of its recent spectrum deployment and a new agreement with Sparkle for additional international capacity boosted investor confidence.

IPO Performance

• Trafiksol ITS Technologies Limited IPO’s allotment is scheduled for September 13, 2024.?

• SPP Polymer Limited IPO’s allotment is scheduled for September 13, 2024.?

• P N Gadgil Jewellers Limited IPO’s allotment is scheduled for September 13, 2024.?

Key Events to Track For 13th September 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.?

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.?

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.?

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.?

• Stay updated on global events as they can affect Indian markets and investor sentiment.

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