Market Live Today: Sensex and Nifty 50 Near Historic Peaks Amid Mixed Performance
Market Live Today: Sensex and Nifty 50 Near Historic Peaks
Market Live updates on the stock market today highlight that Indian shares are trading firmly near their all-time highs as of Tuesday, September 17, 2024. Traders are preparing for minor movements, especially with the US Federal Reserve's anticipated interest rate cut scheduled for tomorrow.
At 11:00 AM, the BSE Sensex was modestly up by 63 points or 0.08%, reaching 83,052, while the Nifty 50 advanced by 25 points or 0.1%, sitting at 25,409. These indices had reached record highs on Monday. The Fed's expected rate cut has led to speculation regarding its extent, with the probability of a 50-basis point cut climbing to 67% recently.
Market Trends and Sector Performance
- Ten of the 13 major sectors declined today, with the small- and mid-cap indices falling by 0.5% each.
- Consumer stocks managed a slight recovery, rising by 0.3% after a 1.4% decline over the previous sessions.
- Bajaj Housing Finance surged by 8% following its 136% rise on its trading debut.
Global stocks outside of Japan saw positive movement with the MSCI Asia-Pacific index increasing by 0.47% and Hong Kong's Hang Seng rising by 1.44%. However, Tokyo's Nikkei fell by 2% due to a stronger yen affecting exporters.
Global Economic Indicators
Market forecasts are being influenced by upcoming central bank meetings, including the Bank of England and the Bank of Japan, expected to maintain their current rates. Meanwhile, Brent crude futures edged up by 0.44% to $73.07 per barrel, amid fluctuating oil demands.
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.