GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 17 SEPTEMBER 2019

market-wrap-up

Closing Bell

Nifty Nifty ends below 10,850, Sensex tumbles 642 pts; auto, bank, metal worst hit All the sectoral indices ended in the red led by the auto, bank, metal, energy, infra, FMCG, IT and pharma. Midcap and smallcap also underperform in line with benchmark indices with nearly 2 percent cut.

Benchmark indices ended lower on September 17 as geographical tension erased Nifty and Bank Nifty gains of the year 2019, with all Bank Nifty stocks ended in red.At close, the Sensex was down 642.22 points at 36,481.09, while Nifty was down 185.90 points at 10,817.60. About 858 shares have advanced, 1641 shares declined, and 143 shares are unchanged.

HEADLINES OF THE DAY

Markets end lower, PSU Bank stocks plummetNifty and Bank Nifty futures witnessed a surge in open interest along with a fall in the underlying price, indicating a buildup of short positions.

NHPC board approves raising up to Rs2, 500cr in FY20; stock down 2.5%The Board also decided that out of Rs2,500cr, debt up to Rs2,000cr be raised in first tranche and balance debt of Rs500cr be raised after the completion of exercise for recovery of dues from beneficiaries and monetization of under-utilised fixed assets, the company said.

Gold retreats from highs on Fed rate cut hopesGeopolitical tensions, weakness in rupee, and expectations of a Fed rate cut are likely to keep gold prices up in the near future.

Banking, financial stocks underperform; India VIX spikes 7.5%The Nifty Bank index dropped 640 points to 27,215. All the constituents on Nifty Bank index were trading lower.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Leave a Reply

Checking...

Ouch! There was a server error.
Retry »

Sending message...

FREE TRIAL REQUEST


CapitalStars FORUM