Sensex News: Insights into Today's Stock Market Performance and Nifty Trends

Monday, 16 September 2024, 21:08

Sensex news today reveals a market dip with the Nifty falling below 25,400. Bajaj Housing is defying the trend with a substantial gain of 10%, while SpiceJet faces a 5% decline. Key stocks and movements provide an engaging look at the current market landscape.
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Sensex News: Insights into Today's Stock Market Performance and Nifty Trends

Market Overview: Sensex and Nifty Trends

The latest Sensex news highlights a drop of 50 points, leading to Nifty struggling below the 25,400 mark. In contrast, Bajaj Housing experienced a significant surge of 10%, while SpiceJet faltered with a 5% decline.

Key Stock Movements

  • BofA begins coverage on a stock with a target price of Rs 145, citing its potential in the electric two-wheeler market.
  • Trafiksol ITS Technologies IPO sees an impressive 345.65x subscription rate, yet listing postponed.
  • JK Tyre and Cavendish Industries reach a merger agreement, exchanging shares favorably.

The currency market also experienced a slight fluctuation, with the Rupee appreciating 2 paise to 83.84 against the US dollar.

Stocks to Watch

  1. Infosys: Buy | Target Rs 2045 | Stop Loss Rs 1888
  2. Hindalco: Buy | Target Rs 720 | Stop Loss Rs 663
  3. IndusInd Bank: Buy | Target Rs 1540 | Stop Loss Rs 1420

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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