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Stock Market Highlights, Sept 02: Markets post record close

Stock Market highlights: 27 out of 50 constituent stocks of Nifty50 ended higher, with gains led by Bajaj Finserv, Bajaj Finance, HCL Tech, Hero MotoCorp, and SBI Life Insurance

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2 min read Last Updated : Sep 02 2024 | 8:14 PM IST

Stock Market Highlights on Monday, September 02, 2024: Benchmark equity indices ended the week's first trading session at record high closing levels. The BSE Sensex added 194.07 points or 0.24 per cent to settle at 82,559.84. The index hit an all-time high of 82,725.28 during the intra-day trade.
Meanwhile, mirroring the Sensex, Nifty50 too settled higher at 25,278.70, up 42.80 points or 0.17 per cent. The index hit an all-time high of 25,333.65 during the intra-day trade on Monday.
27 out of 50 constituent stocks of Nifty50 ended higher, with gains led by Bajaj Finserv, Bajaj Finance, HCL Tech, Hero MotoCorp, and SBI Life Insurance, of up to 3.31 per cent. Meanwhile, Hindalco Industries, Dr Reddy's Labs, Tata Motors, NTPC, and ONGC were the top laggards of the index, falling up to 2.55 per cent.
Similarly, on the BSE, 17 out of 30 listed stocks of Sensex ended in the green, with gains led by Bajaj Finserv, Bajaj Finance, HCL Tech, and IndusInd Bank, of up to 3.26 per cent. Conversely, NTPC, Tata Motors, Mahindra & Mahindra, and Bharti Airtel ended lower, with a fall of up to 1.51 per cent.
Broader indices ended on a mixed note, with Nifty Midcap 100 and Nifty Smallcap 100 ending lower by 0.23 per cent and 0.33 per cent, respectively. Among the sectoral indices, IT, Banking, FMCG, and Financial Services ended in the green, while Metal, Pharma, Auto, Media, and Healthcare settled lower on Monday.

8:13 PM

Stock Market LIVE Updates: Premier Energy IPO listing prediction: Will strong GMP fuel 100% returns?

Premier Energies listing price prediction:The unlisted shares of solar photovoltaic (PV) cell maker Premier Energies, which are set to debut on the bourses on Tuesday, September 3, 2024, continue to command a significant grey market premium (GMP) ahead of listing.  According to market sources tracking grey market activity, Premier Energies' shares are trading at a premium of Rs 470, representing a 104.44 per cent increase over the upper end of the IPO issue price of Rs 450.  READ MORE


8:13 PM

Stock Market Closing Bell LIVE Updates :: Bajaj twins lead rally, TaMo, M&M, Airtel weigh

>> 13 stocks slipped in trade on Sensex on Monday, while 17 stocks gained


>> Apart from Bajaj twins, HCL Tech, IndusInd Bank, ITC, Ultratech Cement, Axis Bank, and Infosys were the top gainers 

8:12 PM

Stock Market Closing Bell LIVE Updates :: IT, FMCG, PSU Bank indices rise

>> On the NSE, sectoral indices ended mixed


>> IT, FMCG, Banks, and Financials advanced while Realty, Metal, Pharma indices declined

8:12 PM

Stock Market Closing Bell LIVE Updates :: IT, FMCG, PSU Bank indices rise

>> On the NSE, sectoral indices ended mixed


>> IT, FMCG, Banks, and Financials advanced while Realty, Metal, Pharma indices declined

8:11 PM

Stock Market Closing Bell LIVE Updates :: BSE MidCap, SmallCap indices end in red

>> BSE MidCap index slipped 0.03 per cent, while the BSE SmallCap index fell 0.47 per cent on Monday

8:11 PM

Rupee Update on Monday :: Rupee ended 5 paise weaker vs US dollar today

>> Indian Rupee fell 5 paise to end at 83.925 per US dollar vs Friday's close
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8:09 PM

Stock Market Comment :: Nifty trend might remain sideways to negative below 25,300'

Heavy call writing was observed at the 25,300 strike, and overall, call writers significantly outnumbered put writers throughout the day. In the near term, the trend might remain sideways to negative as long as it stays below 25,300. On the lower end, however, the correction may be limited to 25,000, where significant put writing has been observed.


Views by: Rupak De, Senior Technical Analyst, LKP Securities

Topics :Budget and Markets

First Published: Sep 02 2024 | 8:09 PM IST