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Share Market Closing Note
Sensex up 260 pts, Nifty above 26,000 led by media, power, realty
In the volatile session the Indian equity indices ended on strong note on September 25 with Nifty above 26,000 for the first time.
Power Grid Corp, NTPC, Axis Bank, Grasim, Bajaj Finance are among the top gainers on the Nifty, while losers are LTIMindtree, Tech Mahindra, Tata Consumer, Tata Motors and Titan Company.
BSE Midcap and Smallcap indices down 0.5 percent each.
On the sectoral front, power, metal, media and realty indices up 0.5-2 percent, while PSU Bank and IT down 0.5-1 percent.
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Topic :- Time:3.10 PM
Nifty spot if holds above 25980 on closing basis then expect some further upmove in coming days and if it breaks and closes below above mentioned level then some sluggish move may follow. Avoid short positions for tomorrow.
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Topic :- Time:2.00 PM
Less volume and slow movement it is going to be a dull Banknifty expiry today. Premium decay is happening only. BANKNIFTY Future is trading at 54081. If it manages to trade and sustain above 54140 level then expect some upmove and below 54000 some decline can follow in the market.
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Topic :- Time:1.30 PM
ZINC Trading View:
ZINC is trading at 275.40. If it holds above 274 level then expect it to test 277-277.30 levels soon and once it breaks and trades below 274 some decline can be seen. Good buy will be from dips around 273-272 levels for higher targets.
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Topic :- Time:1.20 PM
Just In:
Sebi gives green signal to Rs 25,000 cr IPO of Hyundai Motors; issue likely in October
Hyundai Motors India is all set to launch Indias largest ever initial public offering (IPO) after getting a nod from the capital markets regulator Sebi. The company had filed its draft papers in June 2024 and select sources suggest that the auto major may launch its IPO as soon as next month.
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Topic :- Time:1.10 PM
Just In:
HK beats Singapore to be Asias top financial center
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Topic :- Time:1.00 PM
Market is still trading in a very small range. Nifty spot is trading at 25890. If it breaks and trade below 25860 level then expect some more decline in the market and if it manages to trade and sustain above 25920 level then some upmove can follow.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 826.50. If it manages to trade and sustain above 827.80 level then expect some upmove in it and if it breaks and trade below 825.50 level then some decline can follow in the Copper.
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Topic :- Time:12.00 PM
Nifty is rangebound. Nifty spot if manages to trade and sustain above 25920 level then expect some upmove and if it breaks and trade below 25860 level then some decline can follow in it.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex, Nifty trade flat; EaseMyTrip drops 6%
2. India picks 300 law points to decriminalise & hurt China more
3. Zerodha traders sitting on Rs 1 lakh crore profit
4. Trump wants US to wipe Iran off the face of Earth
5. Easy Trip drop 7% as promoter likely sells 3% stake
6. Paramount Speciality shares list at 41% premium
7. Aditya Birla Renewables raises Rs 2500 crore
8. IPO fundraise thus far in 2024 third highest in primary market history
9. BSE TECk index: Rs 1 lakh investment soars 356% in 7 years to Rs 3.56 lakh
10. New rules ease testing for drug imports from US, EU, Australia, and Japan
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Topic :- Time:11.00 AM
After negative start nifty is still in range. Nifty and Banknifty are trading in opposite directions. Market is sideways right now. Nifty spot if manages to trade and sustain above 25940 level then some upmove can be seen and if it breaks and trade below 25890 level then some decline can follow in it.
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