gujarat banner
Homemarket Newsstocks News

Stock Market Highlights: Sensex jumps 514 points, Nifty ends above 17,550 led by metals, realty, IT stocks; smallcaps underperform

Stock Market Highlights: Sensex jumps 514 points, Nifty ends above 17,550 led by metals, realty, IT stocks; smallcaps underperform

Stock Market Highlights: Sensex jumps 514 points, Nifty ends above 17,550 led by metals, realty, IT stocks; smallcaps underperform
Read Time
Summary

Stock Market Highlights: Indian benchmark equity indices Sensex and Nifty ended higher Tuesday led by sharp gains in realty, metals and IT stocks. Broader markets closed mixed with the Nifty Smallcap100 index down 0.14 percent, while the Nifty Midcap100 index gaining 0.64 percent. Among sectors, mmost gains were seen in realty, metals, IT, FMCG and energy indices, while Nifty Auto and Nifty PSU Bank ended in the red.

Live Updates

Thank you, readers! That's all from CNBC-TV18.com's live market coverage on September 21. Stay tuned for other updates on our website: CNBC-TV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News  

And on FacebookLinkedInInstagram, and Telegram.

You can download our Android and iOS apps from here

Sept 21, 2021 4:33 PM

Ajit Mishra, VP - Research, Religare Broking

Markets traded volatile in a range and finally settled around the day’s high, thanks to upbeat global cues. Markets are currently dancing to the global tunes and we expect this trend to continue in absence of any major domestic event. Among the events, the FOMC meeting outcome and update on China’s “Evergande” crisis will remain in focus. We reiterate our view to restrict naked leveraged positions and prefer hedged bets.

Sept 21, 2021 4:31 PM

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

After two days of sharp correction, Nifty witnessed a sharp pullback rally. The Nifty found support at 17,326 to reverse the falling trend. Technically, the texture of the sharp reversal formation near the 10-days SMA suggests a further uptrend from the current level. We are of the view that while the short-term trend still looks up, uncertain global market conditions could see the Nifty within the range of 17,650-17,450 levels. For day traders, as long as Nifty is trading above 17,450, a pull-back rally is likely to continue up to 17,600-17,650-17,680 levels. On the flip side, if Nifty trades below 17,430, then the uptrend would be vulnerable.

Sept 21, 2021 4:28 PM

Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty ended higher on Sept 21 aided by a late surge as global markets seemed to be recovering from contagion fears based on troubles at Evergrande. Nifty made a lower low compared to the previous day in the morning but recovered to close with decent gains. 17,623-17,644 could be the next resistance for the Nifty while a close below 17,353 could lead to further selling in the markets.

Sept 21, 2021 4:25 PM

Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities

Rally in equity markets allowed the rupee to appreciate. However, this rally could be short-lived till the US Fed meeting, which is tomorrow late at night. Unless the Chinese government decides to bail out the stressed property sector, risk aversion can make a comeback soon. We expect a near term range of 73.40 and 74.00 on the spot.

Sept 21, 2021 4:22 PM

Rupee At Close | The rupee rebounded by 13 paise to close at 73.61 against the US dollar following a firm trend in domestic equities and losses in the American currency in the overseas market. The local unit opened flat at 73.74 against the greenback and witnessed an intra-day high of 73.58 and finally settled at 73.61.

Sept 21, 2021 4:20 PM

Rahul Sharma, Co-Founder, Equity99

Nifty today has recovered at a fast pace after the decline in mid-session, today the index was completely volatile where Nifty made low in mid hours near to 17,326 levels and by closing, we have seen the recovery of 236 points on the index, This type of technical structure shows huge strength with a v-shape recovery sign on small duration charts, with this setup immediate support, is still at 17,500 levels & next big support is placed at 17,325 levels. On the upside 17,700 will act as major resistance followed by 17,800 levels.

Bank Nifty has also shown a huge recovery of more than 700 from the lows made today near 36,525 levels, this recovery was filled with a big green candle on hourly charts which is giving bullish signals for the coming week of monthly expiry, Support for Nifty Bank is placed at 37,050 which is strong support break of which can take the Index to 36,750----36,600 levels, On upside 37350 will act as hurdle crossover of which can take the index to 37,600-36700 levels.

Sept 21, 2021 4:16 PM
With Nifty50 reclaiming 17,500, what's next? Experts from JPMorgan, Motilal Oswal and more weigh in
Indian share markets so far haven't reacted to the contagion fears associated with the probable fall of Evergrande Group, China's property giant. The Indian equity benchmarks, Nifty and Sensex,…
Stock Market Highlights: Sensex jumps 514 points, Nifty ends above 17,550 led by metals, realty, IT stocks; smallcaps underperform
Sept 21, 2021 4:14 PM

Manish Shah, Founder, Niftytriggers.com

Nifty closed in the green and it was back to normal behaviour. On the charts, if we draw a steep trendline in Nifty from the lows of July 2021 then we see that this trendline was touched and the market bounced off it. The price action that followed during the day was a sharp reversal in the index. The pattern of higher highs and higher lows of a trend emerging from July lows remains intact. The market is not in a downtrend and a corrective decline needs to be confirmed. For Nifty to see a serious decline it needs to break below 17,280-17,270 for the drop to continue. If Nifty reverses and trades above 17,650 expect a rally to 17,900-17,950 towards the expiry. Better to be long than short this market condition.

Sept 21, 2021 4:13 PM

Sachin Gupta, AVP, Research, Choice Broking

The Nifty50 has recovered from the immediate support around 17,270 levels and sustained above 9 days SMA & Middle Bollinger Band formation, which indicates further strength for the next trading session. On an hourly chart, the nifty index has given a breakout of Falling Channel formation and showed positive crossover in Stochastic & RSI, which supports the upward trend. At present, Nifty has its crucial support at 17,250 levels while resistance lies at 17,650 levels.

Sept 21, 2021 4:12 PM

Market At Close | Market Breadth Neutral With NSE-Advance Decline Ratio At 1:1

Sept 21, 2021 4:11 PM

Market At Close |  Metal Stocks See A Buying Following Yesterday’s Deep Cut, JSW Steel Up 5%

Sept 21, 2021 4:10 PM

Market At Close | Market Surges In The 2nd Half To Close At Day’s High; Sensex Rises 773 Points & Nifty 236 Points From Day’s Low

Sept 21, 2021 4:09 PM

Norbert Rücker, Head Economics and Next Generation Research, Julius Baer

Oil prices climbed back towards $75 per barrel, digesting the latest pandemic hiccups very well. The bigger picture might be changing. With demand growth slowing, the incremental return of shale and petro-nation supplies suggests that the cycle is mature and the pressure on prices should grow with time. We see oil prices swinging around the low 70s price levels.

Sept 21, 2021 4:01 PM

Market At Close | Here are the highlights of today's trading session

-Market Surges In The 2nd Half To Close At Day’s High

-Sensex Rises 773 Points & Nifty 236 Points From Day’s Low

-Nifty Bank Gains 710 Points & Midcap Index 585 Points From Lows

-Except Auto, All Indices Post Gains, Realty, Metal & IT Top Gaining Indices

-Metal Stocks See A Buying Following Yesterday’s Deep Cut, JSW Steel Up 5%

-Sensex Closes 514 Points Higher At 59,005 & Nifty 165 Pts Higher at 17,562

-Nifty Bank Rises 90 Points To 37,236 & Midcap Index 188 Points To 29,442

-Bajaj Finance & Bajaj Finserv Hit Record Highs, Stocks Up 5% & 3% Respectively

-ITC Hits 52-week High With Stock Posting A Gain Of More Than 3%

-Autos Remain Under Pressure, Maruti Falls 2%, Hero Moto Over 2%

-7 Nifty Stocks Hit 52-week Highs In Today’s Session

-PVR, Mindtree, SAIL, Godrej Prop, Piramal Ent, Can Fin Top Midcap Gainers

-Indiabulls Hsg, Polycab, TVS Motor, IRCTC, Chola Invst Top Midcap Losers

-Volatility Index, India VIX Closes 7% Lower After Yesterday’s 14% Upmove

-Market Breadth Neutral With NSE-Advance Decline Ratio At 1:1

Sept 21, 2021 3:39 PM