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On the third trading day of the week today i.e. on Wednesday, September 17, the Sensex is trading up 150 points to 82,550. The Nifty is up 50 points, it is at 25,300 levels.
20 out of 30 shares of Sensex rise, 10 declines. India Electronics, UltraTech Cement and Trent shares are rose. The shares of Adani Port, Hindustan and Sunpharma are declined.
Out of 50 shares of Nifty, 35 rose, 15 declines. NSE’s IT, auto, metal, media and banking index are boom. There is a slight decline in pharma shares.
Right now the opportunity to invest in two IPOs
- The IPO of VMS TMT, the company that makes Sariya, has opened to investors since today (17 September). The company wants to raise Rs 148.50 crore by selling 1.50 crore shares in it. Retail investors will be able to invest from minimum ₹ 14,850 by 19 September. The company’s share will be listed on September 24 in the stock market (BSE-NSE).
- Wall decoration and lamination business company Euro Pratik Sales Limited is open from tomorrow (16 September). The company wants to raise Rs 451.31 crore through this IPO. Retail investors will be able to invest from minimum ₹ 14,820 by 18 September. The company’s share will be listed on September 23 in the stock market (BSE-NSE).
Federal Reserve can cut interest rates by 0.25%
The US Central Bank Federal Reserve can deduct 25 basis points (0.25%) in interest rates on Wednesday (September 17) on Wednesday (September 17). After this, the interest rate will be between 4% to 4.25%. This will reduce inflation in America and loans will be cheap. At the same time, investment of Americans in the Indian market may increase.
Mixed business in global market
- In Asian markets, Japan’s Nikkei is trading at 44,996 at 44,996 and Korea’s Cospie is trading at 3,415 below 0.98%.
- Hong Kong’s Hangseng index is trading at 26,775 up to 26,775 and China’s Shanghai Composite climbing 0.41% to 3,877.
- On September 16, the US Dow Jones closed at 45,757 below 0.27%. Nasdaq Composite declined 0.07% and S&P 500 declined 0.13%.
On 16 September Domestic investors ₹ 1,933 Buy crores of shares
- On 16 September, Foreign Investors (FIIs) purchased a net of Rs 308.32 in the cash segment and domestic investors (DIS) Rs 1,518.73 crore.
- So far this month, foreign investors have sold shares worth ₹ 10,204.54 crore. At the same time, domestic investors have purchased a net of ₹ 30,599.38 crore during this period.
- In August, foreign investors have sold shares worth ₹ 46,902.92 crore. At the same time, domestic investors made net purchases of Rs 94,828.55 crore during this period.
The market was 600 points on Tuesday
On Tuesday, September 16, the Sensex climbed 595 points to close at 82,381. The Nifty rose by 170 points to close at 25,239.
28 out of 30 Sensex rose. The shares of Kotak Bank, Mahindra and Larsen & Toubro climbed more than 2%. Bajaj Finance and Adani ports declined.
42 out of 50 shares of Nifty rose. NSE’s auto index rose 1.44%, Realty 1.07%, IT, media and metal by 0.86%. FMCG closed down.
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Expecting big Momentum in the market on 18-19 September: Learn important levels of support-resistance; 5 factors will decide the market move
The date of September 18 and 19 is important for the stock market in the week starting tomorrow. According to Harshubh Shah, director of wealth analytics, a big momentum can be seen in the market on this day.
Apart from this, US Fed meeting, global market signs, wholesale inflation figures to the purchase and sale of foreign investors and technical factors will decide the market moves.
Read full analysis …
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