Object reference not set to an instance of an object. Online Stock Broker - Stock Broking, Best Share Bazaar Brokers In India
  • SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Market opens with small losses; breadth strong
  • September 26,2023  09:37
  • Domestic equity indices were trading with tiny losses in early trade. The Nifty traded below the 19,700 level. Metal, media and auto shares advanced while IT, private bank and financial services stocks declined.

    At 09:30 IST, the barometer index, the S&P BSE Sensex, was down 56.62 points or 0.09% to 65,967.07. The Nifty 50 index shed 0.70 points to 19,673.85.

    In the broader market, the S&P BSE Mid-Cap index lost 0.32% while the S&P BSE Small-Cap index rose 0.52%.

    The market breadth was strong. On the BSE, 1,782 shares rose and 912 shares fell. A total of 118 shares were unchanged.

    Foreign portfolio investors (FPIs) sold shares worth Rs 2,333.03 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 1,579.28 crore in the Indian equity market on 25 September 2023, provisional data showed.

    Stocks in Spotlight:

    Tata Steel rose 1.57%. Ratings agency Moody's upgraded the corporate family rating of Tata Steel from 'Ba1' Positive to 'Baa3' Stable and changed the outlook to stable from positive.

    Delta Corp declined 1.64%. Ashish Rameshchandra Kacholia sold 15 lakh shares (0.56%) for Rs 144.65 each.

    Mankind Pharma added 1.43%. The commercial operations with respect to pharmaceutical formulations has commenced at the company's newly set-up plant in Udaipur, Rajasthan with effect from 25 September 2023.

    Numbers to Watch:

    The yield on India's 10-year benchmark federal paper rose 0.28% to 7.170 from its previous close of 7.150.

    In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 83.20, compared with its close of 83.13 during the previous trading session.

    MCX Gold futures for 5 October 2023 settlement declined 0.04% to Rs 58,680.

    The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.05% to 106.05.

    The United States 10-year bond yield gained 0.26% to 4.554.

    In the commodities market, Brent crude for November 2023 settlement lost 42 cents or 0.45% to $92.87 a barrel.

    Global Markets:

    Asian stocks faced declines on Tuesday due to concerns over higher U.S. interest rates, particularly impacting the technology sector. Investors remained cautious about regional markets due to ongoing worries about a slowdown in the Chinese economy.

    The US Federal Reserve's hawkish signals, indicating potential further rate hikes this year and a prolonged period of higher rates, added to the negative sentiment.

    Despite this, U.S. stocks managed to make modest gains on Monday, supported by a rise in tech stocks driven by Amazon and an increase in energy stocks. The S&P 500, Dow Jones Industrial Average, and Nasdaq all saw slight increases. However, worries about a potential U.S. government shutdown grew as Congress has yet to pass necessary spending bills to fund the government beyond 1st October.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube
  • Instagram


SMC Global Securities Ltd | CIN : L74899DL1994PLC063609 | Registered Office: 11/6B, Shanti Chamber, Pusa Road, Delhi-110005. | Tel +91-11-30111000 | Compliance Officer: Mr. Ashok Kumar Aggarwal | Tel 011-30111000 Extn. 170 | Email:-aka@smcindiaonline.com| Customer Care Email –smc.care@smcindiaonline.com| Complaint Email –igc@smcindiaonline.com| website: www.smctradeonline.com

SEBI Reg. No. INZ000199438, Member: NSE (07714), BSE (470), MSEI (1002), MCX (8200) & NCDEX (00021). DP SEBI Regn. No. CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH100001849, Mutual Funds Distributor ARN No. 29345. •Insurance services are offered through SMC Insurance Brokers Pvt. Ltd. IRDAI Regn. No: DB 272/04 License No. 289 Valid upto 27/01/2026. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Mutual Fund investments are subject to market risks. Read all scheme related documents carefully. PMS is not offered in commodity derivative segment. Insurance is the subject matter of solicitation. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The price, value of and income from any of the securities or financial instruments mentioned in this report can fall as well as rise.

By submitting your details to SMC, you are authorizing us to send promotional communication through Call/Email/SMS/Whatsapp even though you may be registered under DND.


Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)

Open my trading account now!  X 

* All fields are compulsory