Today i.e. September 27, Sensex touched an all-time high of 85978 and Nifty touched an all-time high of 26277. This is the 8th consecutive day that the market has touched an all-time high. However, there was later a decline and the Sensex closed at 85,571 with a decline of 264 points. Nifty also fell 37 points and closed at 26,178 level.
Out of 30 Sensex stocks, 15 rose and 15 fell. Out of 50 Nifty stocks, 29 rose and 20 fell. While one stock closed without any change. The maximum decline was 1.55% in the media sector of NSE. There was a decline of 1.19% in the real estate sector and 1.00% in the banking sector. While oil and gas saw the highest increase of 2.37%.
There was also a rise in Asian markets today
HDFC Bank, ICICI Bank and Bharti Airtel were the biggest losers in the market. While Reliance, Sun Pharma, Infosys and HCL Tech pulled the market higher. In the Asian market, Japan’s Nikkei rose 2.32% and Hong Kong’s Hang Seng Index rose 3.55%. China’s Shanghai Composite Index closed up 2.88%. On September 26, the US Dow Jones closed up 0.62% at 42,175. The Nasdaq rose 0.60% to 18,190. The S&P 500 also rose 0.40%. According to NSE data, foreign investors (FIIs) purchased shares worth Rs 629.96 crore on September 26. During this period, domestic investors (DII) also purchased shares worth Rs 2,405.12 crore.
Nifty may fall due to profit booking
Vineet Bolinjkar, head of research at Ventura Securities, said that till September 26 this month, foreign portfolio investors (FPIs) had pumped in Rs 48,822 crore into Indian stocks. FPIs continued their investments in the first four days of the current week, pumping in Rs 15,122 crore, boosted by the recent Fed rate cut.
At the same time, DII has invested Rs 18,480 crore this month till September 26. It received a contribution of Rs 9,075 crore in the first four days of the current week. Despite six days of positive growth, Nifty closed lower today, indicating weakness. Nifty will trade sideways or fall due to profit taking due to high valuation of Indian stocks.
Today is the second day of bidding for Diffusion Engineers’ IPO. Today is the second day of investment in the initial public offering i.e. IPO of Diffusion Engineers Limited. The Diffusion Engineers IPO was subscribed a total of 7.34 times on the first day. The issue was subscribed 11.58 times in the retail category, 0.03 times in the Qualified Institutional Buyers (QIB) category and 6.85 times in the Non-Institutional Investors (NII) category. Click to read the full news…
Yesterday too, the market reached a record high Earlier yesterday, i.e. September 26, the stock market hit an all-time high for the 7th consecutive day. Sensex touched the level of 85,930 and Nifty touched the level of 26,250. After the day’s session, the Sensex closed at 85,836 with a rise of 666 points (0.78%).
Nifty also rose by 211 points (0.81%), and closed at the level of 26,216. Out of 30 Sensex stocks, 26 were higher and 4 were lower. Out of 50 Nifty stocks, 41 were up and 9 were down.