- Nifty 26,004 [+63.75] 0.25
- Sensex 85,169 [+255.83] 0.30
Stock Market Today: On September 25, 2024, the Sensex closed at 85,169.87, up 0.30%, while the Nifty ended at 26,004.15, gaining 0.25%. Strong performances from stocks like Axis Bank, HDFC Bank, and Power Grid propelled the indices to fresh record highs, with 267 stocks reaching their 52-week highs.
Reasons for Market Up
- The market experienced a surge in buying towards the end of the trading session, helping push both the Sensex and Nifty to new record highs. This late momentum contributed significantly to the overall gains of the indices.
- A total of 267 stocks reached their 52-week highs. This broad performance indicated strong market confidence and encouraged further investments.
- While global markets showed mixed signals, the Indian stock market capitalized on local factors and investor enthusiasm, allowing it to maintain upward momentum amid broader market fluctuations.
Top Gainer today
Nifty
PowerGrid: +4.04
Axis Bank: +2.39
NTPC: +2.02
Top Sectors of the Day
Nifty Media: +2.94
Nifty Realty: +0.66
Nifty Metal: +0.43
- Power Grid shares rose today after the company won a bid to establish an inter-state transmission system in Gujarat’s Khavda village, boosting investor confidence in its future revenue potential from the project.
IPO Performance
- Sahasra Electronics Solutions Limited IPO will be open for bidding from September 26, 2024, to September 30, 2024, with shares priced at ₹269 to ₹283 per share.
- Forge Auto International Limited IPO will be open for bidding from September 26, 2024, to September 30, 2024, with shares priced at ₹102 to ₹108 per share.
- Diffusion Engineers Limited IPO will be open for bidding from September 26, 2024, to September 30, 2024, with shares priced at ₹159 to ₹168 per share.
Key Events to Track For 26th 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.
