The Bank Nifty index opened with a gain of just 4.85 points at 54,110.65.
The domestic stock market opened flat on Tuesday. Benchmark equity indices started on a sluggish note. The National Stock Exchange (NSE) Nifty 50 opened 17.60 points lower at 25,921.45 in early trade, while the BSE Sensex opened 67.88 points lower at 84,860.73. Overall, the broader indices opened in a mixed range. Moreover, the Bank Nifty index opened at 54,110.65 with a gain of just 4.85 points.
Top gainer and top loser stocks
Hindalco, Dr Reddy’s Labs, Hero Motor Corps, Tata Motors and Asian Paints emerged as top gainer stocks on the National Stock Exchange’s Nifty 50 index, while top losers included Maruti Suzuki India, Bajaj Auto, Infosys, Hindustan Unilever and Bajaj Finance.
These companies are in today’s ban list
NSE imposed restrictions on Aditya Birla Fashion & Strategy, Tokio, Art Industries, Biocon, Chambal Fertilizers & Chemicals, GNFC, Granules India, Elastics Anaheim Finance, NALCO, Oracle Sawed Pvt Ltd, Punjab National Bank, SAIL on September 24, 2024.
Reliance Power hits upper circuit
Shares of Reliance Power hit a 5% upper circuit to Rs 40.05 on Tuesday morning after Anil Ambani-led Reliance Power announced a preferential issue of 46.2 crore equity shares worth Rs 1,524.60 crore. The shares are priced at Rs 33 per share, down 14% from Monday’s closing price.
The state of the world markets
Markets in the Asia-Pacific regions were set to open higher on Tuesday. The broader market index closed 0.28 per cent higher at 5,718.57, while the Dow Jones Industrial Average rose 61.29 points, or 0.15 per cent, to close at 42,124.65, according to Business Standard. Also, Australia’s S&P/ASX 200 futures were at 8,196, up from their previous close of 8,152.9, while Nikkei 225 futures indicated a strong opening for the Japanese market. Hong Kong’s Hang Seng index futures were at 18,462, higher than the HSI’s previous close of 18,247.11.
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