Stock Market Today: Nifty Gains 148 Points & Sensex Rises 384 PointsStock Market Today: Nifty Gains 148 Points & Sensex Rises 384 Points

• Nifty         25,939 [+148.10] 0.57
• Sensex    84,928 [+384.30] 0.45

Stock Market Today: On September 23, 2024, the Sensex surged to 84,928, gaining 0.45%, while the Nifty reached 25,939, up 0.57%. PSU banks rallied, and over 250 stocks hit 52-week highs, reflecting strong investor sentiment and market momentum.

Reasons for Market Up

• Strong global cues, including the U.S. Federal Reserve’s 50 bps rate cut, boosted investor confidence, encouraging buying in Indian markets.

• Significant rallies in sectors like PSU banks, realty, and auto helped lift overall market sentiment, contributing to gains across major indices.

• Ongoing Foreign Portfolio Investor (FPI) inflows supported the upward momentum, driving sustained demand for Indian equities amid positive market conditions.

Top 3 Stocks That Gained The Most 

Nifty 

Bajaj Auto: +3.66

M&M: +3.26 

ONGC: +3.06

Sensex 

M&M: +3.18

SBI: +2.35

Bharti Airtel: +2.26

Sectors of the Day 

Nifty PSU Bank: +3.41

Nifty Realty: +2.23

Nifty Oil & Gas: +1.89

IPO Performance

• Kalana Ispat Limited IPO’s allotment is scheduled for September 24, 2024.

• Phoenix Overseas Limited IPO’s allotment is scheduled for September 24, 2024.

• Envirotech Systems Limited IPO shares are expected to be listed on the NSE SME platform around September 24, 2024.

Also Read: Upcoming Adani IPOs: Multiple Adani IPOs to Launch

Key Events to Track For 24th 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.