The Indian stock market closed down on Friday (September 19) in the last trading session of the week amidst a boom in Asian markets. With this, the decline of three consecutive trading sessions in the market ended. The markets closed down due to profits in IT and financial shares. In addition, profits in auto shares also pulled the market down.
The 30 -share BSE Sensex opened by about 150 points at 82,946.04. It was recorded as soon as it opened. It fell to 82,485.92 points during trading. Finally it closed at 82,626.23 with a gain of 387.73 points or 0.47 percent.
Similarly, the Nifty 50 of the National Stock Exchange (NSE) also opened at 25,410.20. Initially it slipped below 25,400 levels. It touched a low of 25,286 points during trading. Finally it rose 96.55 points or 0.38 percent to close at 25,327.05.
Ponmudi R, CEO of SEBI-Penked Online Trading and Wealth Tech firm Enerich Money, said, “The market closed down with a slight decline due to profit-booking by short-term traders in the absence of any positive indication. It reflects the vigilance of the investors. In the NBFC sector, in the NBFC sector, especially in microfinance and auto loans, there was a increase in financial shares.
He said that the weak results of the second quarter and high evaluation in IT and consumer sectors have shook the confidence of investors. Although the reduction in interest rates by the US Fed has brought some relief, the domestic negative factors have increased profits and the market perception remains alert at the moment.
Top losses and benefits
Shares of HCL Tech, ICICI Bank, Trent, Titan Company, Mahindra & Mahindra declined by 1.52 percent among the Sensex companies. On the other hand, shares of Adani Ports, State Bank of India (SBI), Bharti Airtel, NTPC and Asian Paints rose by 1.13 percent.
In broad markets, Nifty Midcap 100 and Nifty Smallcap 100 index closed with a slight gain of 0.04 percent and 0.15 percent respectively. At the regional level, the Nifty PSU Bank Index performed better and closed with a gain of 1.28 percent. The Nifty Metal, Nifty Pharma and Nifty Realty Index also accelerated. On the other hand, FMCG, IT, auto and private bank index closed down by 0.65 percent.
Bounce in Adani’s shares
On Friday, Adani Group shares saw a rise from 1% to 9.6%. This fast comes after the latest report of the bottomatic. SEBI has dismissed allegations of manipulation in shares by a short-seler Hindonburg Research against billionaire Gautam Adani and his group. Among nine companies, Adani Power recorded the highest lead of 9.6%. While the shares of the group’s major company Adani Enterprises increased by 4.4%.
Global market
During the Friday trading, Asian markets were mostly faster. It shows the rapid trend on Wall Street on Thursday. The Nikkei index rose 0.8 percent to a record height in the second consecutive season. Investors are waiting for the decision of the Bank of Japan policy meeting. The two -day meeting of the central bank will end today. Economists surveyed by Reuters hope that the interest rates will remain stable at 0.5 percent.
According to the latest data, Japan’s main inflation in August decreased to 2.7 percent. This is the lowest since November 2024 and conforms to estimates. This is the third consecutive month when the main inflation has declined. The main inflation also declined from 3.1 percent to 2.7 percent. The topics index rose 0.72 percent, while Australia’s ASX 200 index rose 0.74 percent. However, Kospi fell 0.5 percent of this trend.
Meanwhile, Wall Street’s markets saw a boom. The Federal Reserve indicated the introduction of the cycle of cuts cuts. This strengthened the expectations of economic development. S&P 500 recorded an increase of 0.48 percent, Nasdaq 0.94 percent and Dow Jones 0.27 percent. The three major indices on Thursday touched their highest intraday level. Earlier this was observed in an unstable session after Fed cuts in interest rates.
