The benchmark domestic indices ended Tuesdays’ trading session in negative territory. The NSE Nifty 50 slipped 9.85 points to 19,664.70, while the BSE Sensex fell 0.12% to 65,945.47. The Bank Nifty index shed as many as 141.90 points to 44,624.20. Among the broader indices, midcap stocks faced corrections while small caps added gains. Among the other sectoral indices, Media, PSU Bank, IT, and financial services stocks tumbled, while FMCG, Auto Realty, and Metal stocks added gains.
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15:37 (IST) 26 Sep 2023 Markets at close
The NSE Nifty 50 slipped 9.85 points to 19,664.70, while the BSE Sensex fell 0.12% to 65,945.47.
14:56 (IST) 26 Sep 2023 USDINR Outlook
“USDINR CMP- 83.19 (spot) Indian Rupee depreciated on Tuesday on a positive tone in US Dollar and weak domestic markets. We expect Rupee to trade with a slight negative bias on risk aversion in global markets amid rising US Dollar and hawkish US Federal Reserve stance. Selling pressure from FIIs may put further downside pressure on Rupee. However, decline in crude oil prices may support may support Rupee at lower levels. Traders may take cues from US consumer confidence and new home sales data which is expected weaker than the previous reading. USDINR spot price is expected to trade in a range of Rs 82.80 to Rs 83.80,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas
14:54 (IST) 26 Sep 2023 BSE’s chief information security officer, chief of special projects submit resignations
Shri Shivkumar Pandey, Chief Information Security Officer (Key Management personnel & Senior Management) has tendered his resignation in order to pursue another opportunity, while Shri Nayan Mehta, Chief – Special Projects (Key Management personnel & Senior Management) resigned due to personal and health reasons.
14:05 (IST) 26 Sep 2023 FMCG stocks surge
The Nifty FMCG index added over 210 points, or 0.41%, to reach 51,853.15 during intra-day trade on Tuesday. Varun Beverages and Nestle India led the gains with their respective gains of 4.92% and 1.60%.
14:00 (IST) 26 Sep 2023 Eicher Motors: Jefferies sees 22% upside potential
Jefferies has retained a ‘Buy’ rating for Eicher Motors with a revised price target of Rs 4,150. This revised target sees a 22% upside target. The share price of Eicher Motors soared nearly 4% intra-day following this upside revision.
13:12 (IST) 26 Sep 2023 Most active stocks
HDFC Bank, Cochin Shipyard, Reliance Industries, Eicher Motors and Bajaj Finance are among the most active stocks on the NSE.
12:56 (IST) 26 Sep 2023 Senco Gold hits 52-week high
The share price of Senco Gold climbed nearly 2% to hit a fresh all-time high of Rs 539.65 during the intra-day trade on Tuesday.
11:36 (IST) 26 Sep 2023 Gland Pharma advances
The share price of Gland Pharma soared over 2% during the intra-day trade on Tuesday following the news that the company had successfully completed the USFDA inspection to get the EIR.
11:29 (IST) 26 Sep 2023 VPRPL adds over 5%
The share price of Vishnu Prakash R Punglia surged over 5% during the intra-day trade on Tuesday, following the news that the company received a LoA valued at Rs 634.41 crore from the Madhya Pradesh government.
09:53 (IST) 26 Sep 2023 Eicher Motors gains
The share price of Eicher Motors surged over 4% during the early trade on Tuesday.
09:29 (IST) 26 Sep 2023 Nifty Outlook
“We will begin today expecting indecision near 19,650 to be brief, followed by renewed upside attempts. Alternatively, we may have to abandon the upside view in the event of slippage past 19,600, but an outright collapse to 18,600 is not expected,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:20 (IST) 26 Sep 2023 Markets at open
The NSE Nifty 50 opened at 19,682.80, up 8 points, while the BSE Sensex opened at 66,071.63, up 47 points.
09:14 (IST) 26 Sep 2023 Technical View
“Nifty maintained the support near 19600 zone during the intraday session with volatility witnessed to recover to 19,730 levels and ending the day on a flat note. The index has got the crucial near-term support zone near19,550 levels which is where the significant 50EMA lies and needs to be sustained. The support for the day is
seen at 19,550 levels while the resistance is seen at 19,800 levels,” said Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher.
09:06 (IST) 26 Sep 2023 Gold Outlook
“We expect gold and silver to remain volatile in today’s session. Gold has support at $1902-1891, while resistance is at $1928-1940. Silver has support at $22.90-22.74, while resistance is at $23.28-23.42. In INR terms gold has support at Rs 58,450 – 58,280, while resistance is at Rs 58,980 – 59,150,” said Rahul Kalantri, VP Commodities, Mehta Equities.
09:04 (IST) 26 Sep 2023 Nifty 50 Outlook
“Bearish sentiment across the Asian markets could drag down local shares in early Tuesday trades. FII selling in the current month so far has precipitated the fall, with rising US dollar index & treasury yields coupled with higher crude oil prices further dampening the sentiment. Renewed worries over major central banks resorting to likely rate hikes to rein in inflation are making investors jittery about the sluggish demand and slowdown in growth going ahead. Technically, Nifty’s biggest support for today’s trade is placed at 19,589 mark,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:48 (IST) 26 Sep 2023 Bank Nifty Outlook
Bank Nifty closed on a positive note after four days of down rally. Major resistance in Bank Nifty is seen at the 45,000 level while support at the 44,200 level.
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08:45 (IST) 26 Sep 2023 F&O Ban
The NSE has added Balrampur Chini Mills, Canara Bank, Granules India, Hindustan Copper, and Indiabulls Housing Finance to its F&O ban list for September 26, 2023.
08:45 (IST) 26 Sep 2023 Stocks to watch
Wipro, Indigo, Tata Steel, Finolex Cables and Fortis Healthcare are some of the stocks to watch during Tuesday’s trading session.
08:33 (IST) 26 Sep 2023 USD-INR Outlook
“We expect Rupee to trade with a slight negative bias on strong Dollar and risk aversion in global markets. FII outflows and elevated crude oil prices may put further downside pressure on the domestic currency. However, any intervention by the RBI may support rupee at lower levels. USDINR spot price is expected to trade in a range of Rs 82.75 to Rs 83.60,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
08:27 (IST) 26 Sep 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 2,333.03 crore, while domestic institutional investors (DII) added shares worth net Rs 1,579.28 crore on September 25, 2023, according to the provisional data available on the NSE.
08:17 (IST) 26 Sep 2023 Wall Street
Wall Street ended Monday’s trading session with gains. The tech-heavy Nasdaq Composite rose 59.51 points, or 0.45%, to 13,271.32. The Dow Jones Industrial Average gained 43.04 points, or 0.13%, to 34,006.88, and the S&P 500 added 17.38 points, or 0.40%, to 4,337.44.