Stock Market LIVE: Sensex Reclaims 83,000 For First Time In Two Months, Nifty Rises As HDFC Bank, Infosys Rise

The Nifty 50 and Sensex were trading 0.31% and 0.44% higher, respectively as of 9:21 a.m. Catch live updates on stock markets here on Sept 18.

The Nifty 50 and Sensex were trading at over two-month high. (Photo: Frepik)

Good morning, welcome to NDTV Profit's live blog for market coverage. The Nifty 50 and Sensex opened higher amid positive global cues. The US Federal Reserve delivered a rate cut in line with market expectations. The dollar index and gold prices decline following this. Asian markets were trading on a mixed note.

Stock Market LIVE: SEPC Gets Order Worth Rs 443 Crore 

SEPC Ltd. received order worth Rs 443 crore from Delhi Water Resources Department for irrigation scheme, the company said in the exchange filing.

IPO News: iValue Infosolutions Secures Rs 168 Crore From Anchor Investors Ahead Of IPO

iValue Infosolutions Ltd. has raised Rs 168 crore from anchor investors on Wednesday, ahead of its initial public offering. The company allotted 56.21 lakh shares at Rs 299 apiece to 13 anchor investors.

ICICI Prudential Innovation Fund received the highest allocation of 29.75%. UNIFI BCAD Fund received the second highest allotment of 14.87% and UTI Small Cap Fund got 11.90% stake in the company.

Also Read: iValue Infosolutions Secures Rs 168 Crore From Anchor Investors Ahead Of IPO

Sectoral Performance At Open: Nifty IT Rises Most 

On National Stock Exchange, 11 sectoral indices advanced, two remained flat and two declined out of 15. The NSE Nifty IT rose the most while the NSE Nifty PSU Bank declined the most.

Nifty Contributors: HDFC Bank, Infosys, ICICI Bank Support Gains

HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Reliance Industries Ltd., and ITC Ltd. added to the NSE Nifty 50 index.

Bajaj Finance Ltd., Hindalco Industries Ltd., Kotak Mahindra Bank Ltd., HDFC Life Insurance Co., and Apollo Hospitals Enterprise Ltd. limited gains in the NSE Nifty 50 index.

Nifty 50|Sensex|Stock Market LIVE: Nifty, Sensex Trade Over Two-Month High

The NSE Nifty 50 and BSE Sensex were trading at over two-month high as HDFC Bank Ltd. and Infosys Ltd. share prices led. The indices were trading 0.36% and 0.44% higher as of 9:22 a.m.

Stock Market LIVE: Cohances Lifesciences Has 3.42 Crore Shares Changed Hands In Block Trades

Cohances Lifesciences Has 3.42 Crore Shares Changed Hands In Block Trades. Its 8.9% equity changed hands so far.

LIVE: Yield On 10-Year Bond Opens Higher

  • The yield on the 10-year bond opened 2 basis points higher at 6.49%

  • It closed at 6.47% on Wednesday

Source: Bloomberg

LIVE: Rupee Opens Weaker Against US Dollar

  • Rupee opened 15 paise weaker at 87.97 against US Dollar

  • It settled at 87.82 on Wednesday

Source: Cogencis

Nifty Sensex Today| Stock Market Today: Indiqube Spaces Shares Rated New Buy At ICICI Securities

CICI Securities has initiated its coverage on Indiqube Spaces Ltd. with a "buy" rating, setting a target price of Rs 334. This represents a potential upside of 46% from the current market price of Rs 230.

Expectations of growth in both revenue and profitability drive the brokerage firm's positive outlook. It also bets on Indiqube's strong positioning in India's booming office and flexible workspace markets.

Also Read: Indiqube Spaces Shares Rated New Buy At ICICI Securities — Check Target Price

Nifty 50| Sensex| Stock Market LIVE: Bharti Airtel, RIL Upgraded, Vodafone Idea Downgraded By HSBC

HSBC Global Investment Research has issued a mixed outlook for India's telecom space, reiterating a bullish stance on Reliance Industries Ltd. (RIL) and Bharti Airtel Ltd. while lowering the target price for Vodafone Idea Ltd.

In a latest note, HSBC has maintained a 'buy' rating on Bharti Airtel, with an unchanged target price of Rs 2,200. The brokerage firm has backed Jio as well, raising the price target for RIL from Rs 1,630 to Rs 1,750 while maintaining a 'buy' rating.

Also Read: Bharti Airtel, RIL Upgraded, Vodafone Idea Downgraded By HSBC - Here's Why

Stocks To Watch Today: Marico, Blackbuck, Lodha Developers, Poonawalla Fincorp, Bandhan Bank

Marico Ltd., Zinka Logistics Ltd., Lodha Developers Ltd., Poonawalla Fincorp Ltd. and Bandhan Bank Ltd. are some of the stocks that are going to catch investors' attention on Thursday.

Also Read: Stocks To Watch Today: Marico, Blackbuck, Lodha Developers, Poonawalla Fincorp, Bandhan Bank

Stock Picks Today: Sun Pharma, ICICI Bank, Bajaj Finance, Afcons, Yes Bank, Laurus Labs On Brokerages' Radar

Sun Pharmaceuticals Ltd., Bajaj Finance Ltd., Afcons Infrastructure Ltd., ICICI Bank Ltd., Yes Bank Ltd., Avenue Supermarts Ltd., Shriram Finance Ltd., and Laurus Labs Ltd., are among the companies garnering brokerage commentary today.

Also Read: Stock Picks Today: Sun Pharma, ICICI Bank, Bajaj Finance, Afcons, Yes Bank, Laurus Labs On Brokerages' Radar

Pre-Market Views: Nifty Moving Towards Overbought Zone

"Technically, the spot remains well above its 9-, 20-, and 50-day Exponential Moving Average, with the Relative Strength Index (14) reading at 67 — inching toward the overbought zone. While this does not guarantee a reversal, traders should watch for potential consolidation or a healthy pullback towards the psychological 25,000 level. Such dips could present attractive buy-on-dip opportunities if the bullish bias sustains,"
Hariprasad K, Research Analyst and Founder, Livelong Wealth

Gold Prices Decline Post US Fed Rate Cut 

Gold prices declined after the US Federal Reserve delivered a 25-basis-point rate cut in line with market expectation and guided for more rate cuts.

The Bloomberg Spot gold was trading 0.11% down at $3,656 as of 7:22 a.m.

Also Read: Gold Price Slips After US Fed's Rate Cut — Check Rates In Delhi, Chennai, Other Cities

Bitcoin Prices Rebound After SEC Gives Exchanges Nod To Speed Up To List Bitcoin

Bitcoin prices rebounded from previous day's slump after the Securities and Exchange Commission approved three exchanges' request to speed up the process to list bitcoin and gold exchange-traded funds.

Cboe Global Markets Inc, Nasdaq Inc, and NYSE Group Inc won the persmission from the regulator.

Bitcoin was trading 0.84% higher at 116,623.08 as of 7:05 a.m. Earlier, it jumped 1.18% to 117,016.83.

"Bitcoin is trading above $116,600, up nearly 2% following the Fed’s 25bps rate cut, with Ethereum, Solana, and other majors also gaining up to 6% since last night," said Edul Patel, CEO, Mudrex. "A decisive move above $117,000 could take BTC to new highs, with a strong support forming at $115,000."

102 Dividend Stocks: NSDL, Mazagon Dock, Bharat Dynamics, Nalco — Last Day To Buy Shares To Qualify

Shares of National Securities Depository Ltd., Mazagon Dock Shipbuilders Ltd., Bharat Dynamics Ltd., National Aluminium Company Ltd., and 98 other companies will be of interest on Thursday, as it marks the last session for investors to buy shares to qualify for receiving the dividend before the stock goes ex/record-date.

The record date determines shareholder eligibility to receive a dividend.

Also Read: 102 Dividend Stocks: NSDL, Mazagon Dock, Bharat Dynamics, Nalco — Last Day To Buy Shares To Qualify

Asia Markets LIVE: Nikkei 225 Hits Fresh High After US Fed Rate Cut

Japan's benchmark index a record high Thursday after the US Federal Reserve reduced the federal fund target rate by 25 basis points. The index touched a high of 45,089.27.

As of 6:56 a.m., the index was trading 0.72% higher at 45,124.00.

Also Read: US Stock Futures Rise On First Fed Cut This Year: Markets Wrap

LIVE: GIFT Nifty Hints At Positive Open; Cochin Shipyard, Marico, Railtel Corp Shares In Focus

The GIFT Nifty was trading 0.26% or 65.55 points higher at 25.488.50 as of 6:31 a.m. This implied the NSE Nifty 50 will likely open higher on Thursday.

Markets in Japan and South Korea rose Thursday after the US Federal Reserve delivered a 25-basis-point rate cut in line with market expectation. Despite guiding for a two more rate cuts, Chair Jerome Powell expressed caution about the future rate path which added to volatility.

The Nifty 50 and Sensex ended higher on Wednesday. The Nifty 50 settled 0.36% higher at 25,330.25 and the Sensex ended 0.38% higher at 82,693.71.

Also Read: Trade Setup For Sept 18: Nifty Rally To Persist, Immediate Resistance At 25,500

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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