Suspense Crime Sach Ka Dam
The domestic stock market opened at every mark on Monday ahead of global cues and the Federal Reserve’s decision. Benchmark equity indices started Monday’s trading session with a positive trend. The National Stock Exchange (NSE) Nifty 50 opened higher at 25,385.55, while the BSE Sensex opened 102 points higher at 82,992.96. Broader indices opened in the green. The Bank Nifty index opened 53 points higher at 51,990.70. At 9:50 am, the Sensex was trading at the level of 83,142.06 with a gain of 251.12 points. Nifty was also seen trading at the level of 25,429.65 with a strength of 73.15 points.
All eyes on the Fed Reserve
Equity markets across the world will be eyeing the Fed Reserve’s interest rate on Wednesday, which is likely to have an impact on the stock market trend shortly. The Fed is forecast to cut interest rates for the first time in four years. It is believed that the rates may be cut by 0.25 percent or 0.50 percent.
Companies in the ban list and investor sentiment
NSE has added Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilizers, Granules, Hindustan Copper, and RBL Bank to the F&O ban list on September 16, 2024. According to provisional data from NSE, foreign institutional investors (FIIs) bought shares worth Rs 2,364.82 crore on September 13, 2024, while domestic institutional investors (DIIs) bought shares worth Rs 2,532.18 crore.
Movement in these stocks
At the start of trading, NTPC, L&T, Bajaj Finance, Axis Bank, and Tata Steel were the top gainers on the Sensex, while HUL, Nestle India, Asian Paints, TCS, and Infosys were the losers. Among sectors, the FMCG index fell 0.5 percent, while power, realty, banks, capital goods, and metals gained 0.5-1 percent. BSE midcap and smallcap indices are trading in the green.
