The Indian stock market opened with a decline in the last trading session of the week on Friday (September 19) amidst a boom in Asian markets. The market declined due to a decline in IT shares. Also, profits in some areas 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. At 9:33 am it was trading at 82,730.26 with a gain of 283.70 points or 0.34 percent.
Similarly, the Nifty 50 of the National Stock Exchange (NSE) also opened at 25,410.20. Initially it slipped below 25,400 levels. At 9:35 am it was 83.25 points or 0.33 percent to 25,340.
Bank of Japan (BOJ )’s interest rate decision, strong global signals and primary market activities will affect the performance of benchmark Sensex and Nifty on the last trading day of the week.
Adani’s shares bounce
On Friday, the Shares of Adani Group saw an increase of 1% and reached 9.6%. This increase occurred after the latest report of SEBI. SEBI has dismissed allegations of manipulation in shares by a short-seler Hindonberg Research against billionaire Gautam Adani and his group. In nine companies, Adani Power recorded the highest growth of 9.6%. While the shares of the group’s leading company Adani Enterprises increased by 4.4%.
Global market
During the Friday trading, Asian markets were mostly raised. This reflects the rapid trend on Wall Street on Thursday. The Nikkei index rose 0.8 percent to a record high 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 estimate that the interest rates will remain stable at 0.5 percent.
According to the latest data, Japan’s main inflation decreased to 2.7 percent in August. 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 increased by 0.72 percent, while Australia’s ASX 200 index increased by 0.74 percent. However, Kospi reversed the trend and fell 0.5 percent.
At the same time, 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 increased by 0.48 percent, Nasdaq 0.94 percent and Dow Jones 0.27 percent. On Thursday, the three major indices touched their highest intraday level so far. Earlier this was observed in an unstable session after Fed cuts in interest rates.
IPO update
Ivelue Infoselusions IPO (Mainline) and JD Cables IPO (SME) will enter the second day of their subscription. While VMS TMT IPO (Mainline) and Sampat Aluminum IPO (SME) will enter the third day of their subscription. Euro token IPO (mainline) will be allocated. In addition, LT elevator IPO (SME) will be listed in the stock markets.
