Long term return stock market Indian Stock Market Nifty 50

“Stock Market Recap: Mixed Trends Dominate as Realty and Media Stocks Shine Amid FMCG Decline”

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Stock Market Performance Recap: A Mixed Day for Indian Markets

The stock market experienced a turbulent session yesterday, with the Nifty 50 index opening lower than the previous day’s closing. The market saw a significant decline in the early hours before recovering slightly. Realty and media sectors showed resilience, while FMCG stocks faced a decline. Here’s a detailed look at the market trends, top gainers and losers, and key news updates from the day.

Market Overview

The Nifty 50 index started the day on a negative note, with most stocks trading below their previous day’s levels. By 9:32 AM, the index had fallen significantly. However, a few sectors managed to buck the trend, with realty and media stocks rising the most. In contrast, the FMCG sector experienced a notable drop.

Global markets displayed mixed trends, which contributed to the volatility in the Indian markets. The US and European markets ended the day on a positive note, indicating a recovery from recent downturns. On the other hand, Asian markets presented a mixed picture, reflecting uncertainty in the region.

Top Gainers on Nifty 50

Despite the overall market downturn, a few stocks managed to secure gains:

  • Wipro: The IT services giant emerged as the top gainer on the Nifty 50, closing at Rs 550.60 with a gain of 3.88%.
  • Bajaj Finance: This financial services company saw a rise of 2.29%, ending the day at Rs 7,598.50.
  • Bajaj Finserv: Another Bajaj Group company, Bajaj Finserv, closed at Rs 1,894.45, up by 2.13%.
  • IndusInd Bank: The private sector bank’s stock price rose by 1.43%, closing at Rs 1,464.05.
  • Axis Bank: Another notable performer in the banking sector, Axis Bank closed at Rs 1,217.45, marking a gain of 1.17%.

Top Losers on Nifty 50

Several stocks faced a downward trend, impacting the overall market sentiment:

  • SBI Life: The insurance company experienced the most significant drop, with its stock falling by 1.57% to Rs 1,846.50.
  • Adani Ports: Shares of Adani Ports declined by 1.39%, closing at Rs 1,452.10.
  • HDFC Life: The stock of HDFC Life Insurance dropped by 1.28% to Rs 705.40.
  • Coal India: The mining major saw its stock decrease by 1.09%, ending at Rs 490.25.
  • ITC: FMCG giant ITC also faced a decline, with its stock closing at Rs 513.85, down by 1.09%.

Significant News Highlights

  • Aviation Sector Growth: The number of air passengers in India increased by 5.7% year-on-year to 1.31 crore in August. In terms of ‘on-time performance,’ Akasa Air led the pack, followed by Vistara and Air India Express, as per DGCA reports.
  • Ford’s Manufacturing Plans: Ford announced plans to restart manufacturing in Chennai for export purposes. The company has submitted a Letter of Intent (LOI) to the Tamil Nadu government, signaling its commitment to re-establishing operations in the region.
  • Forex Reserves at Record High: India’s foreign exchange reserves reached an all-time high of $689.24 billion, an increase of $5.2 billion for the week ending on September 6.
  • Automobile Sales: Passenger vehicle sales witnessed a year-on-year decline of 1.8% in August. However, there was positive growth in other segments, with three-wheeler sales rising by 7.7% and two-wheeler sales increasing by 9.3%, according to SIAM.
  • Western Carriers IPO: The IPO of Western Carriers has been subscribed 0.79 times, with retail subscription at 1.41 times. The subscription period remains open until September 18.

Stock Updates

  • BPCL: Bharat Petroleum Corporation Ltd’s board has approved a budget of Rs 1,138 crore for expanding the capacity of two pipelines. This move is expected to enhance the efficiency of its Kochi refinery.
  • Dixon Technologies: The company’s subsidiary, Padget Electronics, has signed an MoU with Asus India to manufacture notebooks, indicating a strategic expansion in the electronics manufacturing sector.
  • M&M Financial: Mahindra & Mahindra Financial Services announced plans to enter the retail mortgage business, aiming to diversify its financial services offerings.
  • Max Healthcare: The healthcare provider will acquire a 64% stake in Jaypee Healthcare for Rs 1,660 crore, expanding its presence in the healthcare sector.

Commodity and Currency Update

  • Gold and Silver: The price of 10 grams of gold rose by 1.76%, closing at Rs 73,260. Silver also saw a significant rise, with the price per kilogram increasing by 3.66% to Rs 87,610.
  • USD-INR: The Indian Rupee saw a slight depreciation against the US Dollar, closing at Rs 83.92/USD, down by 0.08%.

Long-Term Market Returns

Over the past 20 years, Indian markets have delivered impressive annual returns:

  • Sensex: An average annual return of 14.63%.
  • Nifty: An average annual return of 14.55%.

In comparison, US markets have shown the following long-term returns:

  • Dow Jones: 7.16% per annum.
  • Nasdaq: 11.78% per annum.

Yesterday’s market session was marked by a mixed performance, with certain sectors and stocks managing to show resilience despite the overall downturn. The significant rise in global markets, key news events, and company-specific updates played a crucial role in shaping the day’s market movements. Investors should continue to monitor these trends for better investment decisions in the coming days.

Read More Stock Market Daily News updates

86 thoughts on ““Stock Market Recap: Mixed Trends Dominate as Realty and Media Stocks Shine Amid FMCG Decline””

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