- Nifty 26,178 [-37.10] 0.14
- Sensex 85,571 [-264.27] 0.31
Stock Market Today: On September 27, 2024, the Sensex closed at 85,571.85, down 0.31%, while the Nifty ended at 26,178.95, losing 0.14%. Profit booking in sectors like banking and media weighed down the indices, with 285 stocks hitting their 52-week highs during the session.
Reasons for Market Downturn
- After reaching fresh all-time highs earlier in the session, investors engaged in profit booking, particularly in banking, realty, and power stocks, leading to a decline in both Sensex and Nifty.
- Mixed global cues, particularly weak performance in Asian markets, weighed on investor sentiment, contributing to the market’s inability to sustain its early gains.
- Investors turned cautious ahead of key US inflation data, especially the core PCE price index, which led to reduced buying activity in the second half of the session.
- Sectors like realty, power, banking, and telecom faced selling pressure, dragging down the broader indices, with top losers including Power Grid, Bharti Airtel, and HDFC Bank.
Top Losers Today
Nifty
PowerGrid: -2.96
Bharti Airtel: -1.93
HDFC Bank: -1.71
Sensex
PowerGrid: -3.03
ICICI Bank: -1.83
Bharti Airtel: -1.74
Sectors of the Day
Nifty Media: -1.55
Nifty Realty: -1.19
Nifty Private Bank: -1.03
Are the upcoming Reliance Jio IPOs worth watching? Click Here to Learn More!
IPO Performance
- WOL3D India Limited IPO shares are expected to be listed on the NSE SME platform around September 30, 2024.
- Rappid Valves (India) Limited IPO shares are expected to be listed on the NSE SME platform around September 30, 2024.
- Manba Finance Limited IPO shares are expected to be listed on the NSE SME platform around September 30, 2024.
Key Events to Track For 30th 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.
