- 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.