Market Share Today, US Fed Rate Cut, Global Markets: The headline indices Sensex and Nifty are likely to start today’s (September 19) session on a positive note. Around 8:30 am, GIFT Nifty futures, the primary benchmark of the 50-share index, was up 89.40 points or 0.35 percent at 25,485.50 before the opening bell on Dalal Street.
Renewal of World Markets
Here’s how the world’s major indices perform:
The Nasdaq ended lower at 17,573.30, down 54.76 points or 0.31 percent.
The S&P 500 rose 16.32 points or 0.29 percent to 5,618.26
The Dow Jones was down 103 points or 0.25 percent at 41,508.10.
Japan’s Nikkei 225,942 points or 2.59 percent of 37,322.37
Reducing the rate of the US Fed
The US Federal Reserve cut the interest rate by 50 bps on Wednesday, September 18. Meanwhile, the Federal Open Market Committee (FOMC) said that due to the progress in inflation and the balance of risks, we decided to reduce the range of the monetary rate. 1/2 percent from 5 percent to 4.75 percent.
READ ALSO | Fed surprises markets with better-than-expected 50 bps rate cut
A summary of the previous session
On Wednesday, September 18, 2024, both domestic indices ended in negative territory, with the Sensex closing at 82,948.23, down 131.43 points or 0.16 percent and the 50-share index ending at 25,377.55, down 41.00 points or 0.16 percent. 0.16. Here’s a look at the session’s top losers and gainers:
Top losers
| TCS | -3.5 |
| INFY | -3.08 |
| HCLTECH | -3.07 |
| TECHM | -2.83 |
| WIPRO | -2.57 |
| BAJAJ-AUTO | -1.76 |
| SUNPHARMA | -1.75 |
| ONGC | -1.65 |
| TATAMOTORS | -1.62 |
| TATASTEEL | -1.49 |
| TATACONSUM | -1.49 |
| CIPLA | -1.15 |
| ASIANPAINT | -1.11 |
| GRASIM | -1.09 |
| TITAN | -1.08 |
| LTIM | -1.02 |
| JSWSTEEL | -0.91 |
| DRREDDY | -0.87 |
| THE POWER GRID | -0.86 |
| BPCL | -0.8 |
| RELIANCE | -0.73 |
| BHARTIARTL | -0.7 |
| MARUTI | -0.62 |
| ADANIENT | -0.61 |
| NTPC | -0.6 |
| KOTAKBANK | -0.44 |
| ULTRACEMCO | -0.39 |
| IN COALINDIA | -0.31 |
| ITC | -0.2 |
| BRITAIN | -0.14 |
| DIVISLAB | -0.13 |
| HINDUNILVR | -0.12 |
| HEROMOTOCO | -0.02 |
The most profitable
| SHIRAMFIN | 4.22 |
| BAJFINANCE | 3.36 |
| BAJAJFINSV | 1.76 |
| NESTLEIND | 1.72 |
| HDFCBANK | 1.45 |
| CICBANK | 1.38 |
| SBILIFE | 1.31 |
| SBIN | 1 |
| LT | 0.83 |
| M&M | 0.71 |
| INDUSINDBK | 0.59 |
| AXISBANK | 0.25 |
| ADANIPORTS | 0.1 |
| HDFCLIFE | 0.06 |
| HINDALCO | 0.04 |
| EICHERMOT | 0.04 |
| APOLLOHOSP | 0.03 |
What should investors/traders follow today?
Several stocks will be in focus in today’s session, including Raymond Lifestyle, MCX and others. Here is a list of these stocks:
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