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Sensex, Nifty end higher as bulls extend winning run to 10th straight day
Akash Majumder | 01:59 Min | September 14, 2023, 9:28 PM IST
From the Sensex pack, M&M, Tech Mahindra, and Tata Steel were the top gainers meanwhile ITC & Asian paints dropped the most
Transcript
Hi everyone, this is Akash Majumder from ET Markets. Welcome to ET Market Watch. Let's take a look at today's highlights
After hitting their lifetime high in the early trade on Thursday on rising hopes of a US Fed rate pause the Indian equity indices succumbed to profit booking later on in the day.
However, they managed to extend the winning run for 10th straight day
Sensex closed above 67,500 while, Nifty settled above the 20,100 mark.
From the Sensex pack, M&M, Tech Mahindra, and Tata Steel were the top gainers meanwhile ITC & Asian paints dropped the most.
In stock-specific action, Sugar stocks jumped over 11% on the likelihood of a 14% fall in sugar output in Maharashtra in the 2023-24 crop year.
Stocks like Dwarikesh Sugar, Dhampur Sugar, and Balrampur Chini led the rally.
Shares of Suven Pharmaceuticals closed 2% higher after the Union Cabinet approved a Rs 9,589 crore foreign direct investment proposal by a Cyprus-based firm in the company.
Shares of state-owned firm NBCC (India) rallied 8% after the company signed MoUs with the Ministry of Steel, Rashtriya Ispat Nigam & National Land Monetization Corporation and received orders worth Rs 180 crore.
On the IPO front, Yatra Online’s Rs 775 crore issue will open for subscription on Friday.
Also, the IPO of realty player Signature Global whose issue will open on September 20 has fixed the price band at Rs 366-385 per share for its issue.
Thats all for today, stay tuned for more market updates.
After hitting their lifetime high in the early trade on Thursday on rising hopes of a US Fed rate pause the Indian equity indices succumbed to profit booking later on in the day.
However, they managed to extend the winning run for 10th straight day
Sensex closed above 67,500 while, Nifty settled above the 20,100 mark.
From the Sensex pack, M&M, Tech Mahindra, and Tata Steel were the top gainers meanwhile ITC & Asian paints dropped the most.
In stock-specific action, Sugar stocks jumped over 11% on the likelihood of a 14% fall in sugar output in Maharashtra in the 2023-24 crop year.
Stocks like Dwarikesh Sugar, Dhampur Sugar, and Balrampur Chini led the rally.
Shares of Suven Pharmaceuticals closed 2% higher after the Union Cabinet approved a Rs 9,589 crore foreign direct investment proposal by a Cyprus-based firm in the company.
Shares of state-owned firm NBCC (India) rallied 8% after the company signed MoUs with the Ministry of Steel, Rashtriya Ispat Nigam & National Land Monetization Corporation and received orders worth Rs 180 crore.
On the IPO front, Yatra Online’s Rs 775 crore issue will open for subscription on Friday.
Also, the IPO of realty player Signature Global whose issue will open on September 20 has fixed the price band at Rs 366-385 per share for its issue.
Thats all for today, stay tuned for more market updates.
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