India’s stock market today: On Tuesday, September 24, as many as 300 equities, including Mahindra and Mahindra (M&M), NTPC, Bharti Airtel, JSW Steel, and Sun Pharma, reached new 52-week highs in intraday trading on the BSE.
Zomato, Apollo Hospitals, Bajaj Auto, Hero MotoCorp, DMart, Hindalco, Indian Hotels Company, Max Healthcare Institute, Tata Power Company, Trent, TVS Motor Company, and United Spirits were among the companies that hit fresh one-year highs on the BSE.
Stock market today The benchmark indices, the Sensex and the Nifty 50, reached new highs of 85,163.23 and 26,011.55, respectively, but settled flat as gains in shares of select heavyweights such as HDFC Bank, Tata Steel, and Power Grid were offset by losses in Hindustan Unilever, Kotak Mahindra Bank, ICICI Bank, and Reliance Industries.
The Sensex ended the day at 84,914.04, down 15 points, while the Nifty 50 settled at 25,940.40, up 1 point. The BSE Midcap index climbed 0.21 per cent. However, the Smallcap index dropped 0.04 per cent.The overall market capitalisation of BSE-listed firms stood stable at ₹476 lakh crore.
The start of the rate reduction cycle in the US has kept market sentiment positive. However, investors are booking some profit at record-high levels as concerns over rich valuation persist. E
xperts say the RBI monetary policy in October, Q2 earnings and global cues will remain major triggers for the market in the near term.”Domestic benchmarks are attempting to sustain new highs, driven by the US Fed’s aggressive rate cut.
Meanwhile, the Chinese central bank’s rate cut and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks,” said Vinod Nair, Head of Research