Sensex Up 666 Pts & Nifty Gains 212 Pts on Sep 26, 2024

Daily Stock Market Update

Market Overview?

In today’s update, we’ll look into the latest developments in the stock market, highlighting key performances, significant gains, and trends that shaped the trading day. We’ll explore how positive sentiment influenced market movements.

Market Summary

• Nifty ? ? ? ??26,216 [+211.90] 0.81
• Sensex ? ?85,836 [+666.25] 0.78

Reasons for Market Up

• Significant contributions from major automakers like Mahindra and Mahindra, Maruti Suzuki, and Tata Motors propelled the Nifty Auto index up by 2.26%, driving overall market gains.

• Favorable signals from global markets, especially following China’s economic stimulus announcement, boosted investor confidence and lifted sentiment in the Indian market.

• The monthly derivatives expiry encouraged investors to unwind positions, creating upward pressure on prices and helping the Sensex and Nifty reach new highs.

Top 3 Stocks That Gained The Most?

Nifty?

Maruti: +4.48

Grasim: +3.19

Tata Motors:? +2.83

Sensex

Maruti: +4.55

Tata Motors: +2.85

Bajaj FinServ: +2.58

Sectors of the Day?

Nifty Auto: +2.26

Nifty Metal: +2.13

Nifty PSU Bank: +1.02

IPO Performance

• Kalana Ispat Limited IPO and Phoenix Overseas Limited IPO shares are expected to be listed on the NSE SME platform around September 27, 2024.

• Avax Apparels And Ornaments Limited IPO and SD Retail Limited IPO shares are expected to be listed on the NSE SME platform around September 27, 2024.

• BikeWo GreenTech Limited IPO and Avi Ansh Textile Limited IPO shares are expected to be listed on the NSE SME platform around September 27, 2024.

Key Events to Track For 27th 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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