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Stock Market Today: Nifty Gains 375 Points & Sensex Hits 84,544 

On September 20, 2024, the Sensex and Nifty hit record highs, buoyed by global market strength & robust buying in banking stocks. Over 250 stocks reached 52-week highs, with upcoming IPOs and economic data to watch.
Stock Market Today: Nifty Gains 375 Points & Sensex Hits 84,544 

Nifty         25,790 [+375.15] 1.48

Sensex    84,544 [+1,359] 1.63 

Stock Market Today: On September 20, 2024, the Sensex surged to 84,544, gaining 1.63%, while the Nifty reached 25,790, up 1.48%. Over 250 stocks hit 52-week highs, reflecting strong investor sentiment and broad-based market strength.

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Reasons for Market Up

  • Strong performances in major US and Asian markets, following a 50 bps rate cut by the Fed, boosted investor sentiment in India, encouraging buying.
  • The US Federal Reserve’s recent rate cut and projections for further reductions have increased risk tolerance among investors, supporting equity markets.
  • Across-the-board buying, particularly in mid and small-cap stocks, contributed to the robust performance of the Sensex and Nifty, reflecting overall market confidence.
  • Healthy buying in banking stocks, particularly ICICI Bank and HDFC Bank, supported gains in the benchmark indices, with the Nifty Bank index hitting a record high.

Top 3 Stocks That Gained The Most 

Nifty 

M&M: +5.32

ICICI Bank: +4.47

JSW Steel: +3.69

Sectors of the Day 

Nifty Realty: +3.05

Nifty Auto: +1.88

Nifty Metal: +1.65

IPO Performance

  • Western Carriers (India) Limited IPO shares are expected to be listed on the NSE SME platform around September 23, 2024.
  • Deccan Transcon Leasing Limited IPO shares are expected to be listed on the NSE SME platform around September 23, 2024.
  • Popular Foundations Limited IPO shares are expected to be listed on the NSE SME platform around September 23, 2024.

Key Events to Track For 23rd 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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सप्ताह के शीर्ष गिरावट: स्टॉक में 12.47% की गिरावट – अक्टूबर के अन्य साप्ताहिक लूज़र्स स्टॉक्स को देखें!

सप्ताह के शीर्ष गिरावट: स्टॉक में 12.47% की गिरावट – अक्टूबर के अन्य साप्ताहिक लूज़र्स स्टॉक्स को देखें!

इस हफ्ते के टॉप लूज़र्स स्टॉक्स, अक्टूबर 2024 के लिए, महत्वपूर्ण बाजार अस्थिरता को दर्शाते हैं, जिसमें विभिन्न सेक्टरों में