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#STREETGAINS #MARKETSVIEW #20SEPTEMBER2024
September 20, 2024INDIAN MARKETS:
On September 19, The Sensex and Nifty resumed their rally on Thursday, hitting record highs after positive global cues from a 50-basis point rate cut by the US Federal Reserve. Sensex rose 236.57 points to a lifetime high of 83,184.80, while Nifty gained 38.25 points to close at 25,415.80.
US MARKETS:
The S&P 500 surged 1.70% to a record close of 5,713.64 points. The Nasdaq jumped 2.51% to 18,013.98 points, and the Dow Jones Industrial Average rose 1.26% to 42,025.19 points.
ASIAN MARKETS:
Topix increased 1.39%, Nikkei increased 1.95%, Taiwan increased by 1.37% from the previous close.
OIL & GAS UPDATES:
US West Texas increased 0.08%, while Brent Crude decreased by 0.27%.
KEY STOCKS TO WATCH:
NTPC shares are in focus today (September 20) following the
company's announcement of board approval for a Rs 20,832 crore investment in
two thermal power projects.
Phoenix Mills' subsidiary, Casper Realty, is the top bidder for two prime plots in Mohali, Punjab, with a bid value of around Rs 891 crore.
AU Small Finance Bank has partnered with Niva Bupa Health Insurance to offer health insurance to its customers.
Rane Holdings has acquired the remaining 51% stake in its joint venture, Rane NSK Steering Systems, from NSK Ltd, Japan.
Infosys will invest Rs 17 crore in SpaceTech startup GalaxEye Space Solutions through its Infosys Innovation Fund.
FII/DII DATA:
1. FIIs net SOLD Rs 2,547 crore worth shares on 19 September.
2. DIIs net BOUGHT Rs 2,012 crore worth shares on 19 September.