Long term return stock market Indian Stock Market Nifty 50

“Stock Market Review: Metal Stocks Shine as Nifty Ends Flat Amid Volatile Trade”

by

Stock Market Report: Key Highlights of Yesterday’s Trading Session

The stock market opened on a weaker note yesterday, with indices falling below the previous day’s closing levels. Despite this sluggish start, market activity throughout the day was volatile, reflecting the uncertainty among investors. The major indices saw fluctuations, and though the markets touched their highest point at around 2:51 PM, they eventually declined, closing the day on a flat note. Here’s a detailed look at the day’s performance.

Market Performance

The Nifty 50, one of the primary indicators of market health, remained volatile for most of the trading session. After touching its highest point in the afternoon, it couldn’t sustain the gains and fell back sharply, ending the day flat. This back-and-forth movement shows the cautious sentiment among investors amid global market cues and economic conditions.

Sectoral Highlights

  • Metal Stocks: The metal sector was one of the top-performing sectors of the day. Stocks like Tata Steel and Hindalco saw significant gains, driven by a rise in global commodity prices and optimism around infrastructure projects.
  • PSU Banks: Public sector bank stocks, on the other hand, underperformed. They were the biggest losers in terms of sectoral performance as investors showed reduced confidence in the banking sector amid concerns about rising NPAs (Non-Performing Assets) and profitability.

Global market trends were mixed, providing limited support to Indian indices. Here’s a snapshot of how the key global markets performed:

  • US Markets: The US markets were largely flat, with both the Dow Jones and Nasdaq showing minimal movement. Investors in the US seemed to be awaiting further clarity on interest rate policies and economic data.
  • European Markets: European markets ended the day in the green, with optimism stemming from stronger-than-expected economic data in the region.
  • Asian Markets: China and Hong Kong markets were among the top performers globally, with their indices rising by over 4%. This upward movement was fueled by hopes of economic recovery and stimulus measures from the Chinese government.

Top Gainers in Nifty 50

The Nifty 50 saw several stocks registering gains despite the overall flat performance. Some of the top gainers of the day were from the metal and utility sectors.

  1. Tata Steel: The steel giant gained 4.25% to close at Rs 160.53. Positive global demand and a rise in commodity prices boosted the stock.
  2. Hindalco: Hindalco saw a gain of 3.95%, closing at Rs 717.85. This surge was primarily driven by the overall bullish trend in metal stocks.
  3. Power Grid: Power Grid Corp registered a 2.61% rise, closing at Rs 350.05 as investors sought defensive bets amid market uncertainty.
  4. Tech Mahindra: The IT major rose 1.86%, closing at Rs 1,637.10, as tech stocks continued to gain momentum.
  5. Adani Enterprises: The conglomerate’s stock gained 1.64% to close at Rs 3,093.90. The stock benefitted from recent positive news flows related to the group’s infrastructure projects.

Top Losers in Nifty 50

While several stocks gained, some witnessed declines due to sector-specific challenges or investor caution.

  1. SBI Life: The life insurance company’s stock fell 2.91% to close at Rs 1,864.35. The decline is attributed to profit booking after recent gains.
  2. Hindustan Unilever (HUL): The FMCG major dropped 2.58%, closing at Rs 2,950.55, reflecting concerns about consumer demand in the wake of inflationary pressures.
  3. Grasim: Grasim’s stock fell by 1.78%, closing at Rs 2,619.30. The company’s performance was subdued due to challenges in the cement and textile sectors.
  4. UltraTech Cement: UltraTech Cement fell by 1.68% to Rs 11,761.65, largely due to concerns over rising input costs impacting margins.
  5. Shriram Finance: Shriram Finance fell 1.44%, closing at Rs 3,516.30 as the financial services sector faced some headwinds amid rising interest rates.

Market News

  • Shankh Air: Shankh Air received approval from the Civil Aviation Ministry to begin its operations. The airline will now need to secure clearance from the Directorate General of Civil Aviation (DGCA) before commencing flights.
  • Manba Finance IPO: Manba Finance’s IPO has been subscribed 73.23 times, with the retail segment seeing a subscription of 70.26 times. The IPO will remain open until tomorrow (25th September).

Stock Updates

Several companies made headlines with significant corporate developments:

  • L&T: Larsen & Toubro’s power division has received multiple orders worth between Rs 10,000 crore and Rs 15,000 crore from UAE and Saudi Arabia, providing a strong boost to the company’s international business.
  • NHPC: NHPC has paid a total dividend of Rs 1,286.33 crore to the central government for the financial year 2023-24, which includes both interim and final dividends.
  • Samvardhan Motherson: The company successfully raised Rs 6,438 crore through a Qualified Institutional Placement (QIP) to fund its expansion plans.
  • SpiceJet: The airline raised Rs 3,000 crore through a QIP and also completed a settlement with Engine Lease Finance Corp for less than the disputed $16.70 million amount.

Commodity and Currency Updates

In the commodities market, gold and silver saw modest gains, while the Indian rupee remained relatively stable against the US dollar.

  • Gold (10g): Rs 74,580 (▲ 0.40%)
  • Silver (1kg): Rs 89,280 (▲ 0.59%)
  • USD-INR: Rs 83.63/USD (▲ 0.14%)

Long-Term Returns

For long-term investors, the past 20 years have shown promising returns in both Indian and global markets:

  • Sensex: 14.64% p.a.
  • Nifty: 14.52% p.a.
  • Dow Jones: 7.43% p.a.
  • Nasdaq: 11.93% p.a.

The stock market’s performance yesterday reflected a mix of optimism in specific sectors and caution due to broader global economic factors. While metal stocks were the clear winners, PSU banks and other sectors faced challenges. Investors remain focused on global cues and upcoming economic data, which will likely drive market movements in the coming days.

Read More Stock Market Daily News & Updates

161 thoughts on ““Stock Market Review: Metal Stocks Shine as Nifty Ends Flat Amid Volatile Trade””

  57. me encantei com este site. Pra saber mais detalhes acesse nosso site e descubra mais. Todas as informações contidas são informações relevantes e únicos. Tudo que você precisa saber está ta lá.

    Reply

  67. Hi there, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam remarks? If so how do you reduce it, any plugin or anything you can suggest? I get so much lately it’s driving me insane so any support is very much appreciated.

    Reply

  112. Howdy would you mind stating which blog platform you’re using? I’m going to start my own blog in the near future but I’m having a difficult time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!

    Reply

  113. What i don’t understood is actually how you are now not really much more smartly-liked than you may be now. You’re so intelligent. You understand thus significantly in terms of this matter, produced me in my view imagine it from a lot of various angles. Its like men and women don’t seem to be fascinated until it?s one thing to accomplish with Woman gaga! Your personal stuffs nice. All the time maintain it up!

    Reply

  114. I can’t express how much I value the effort the author has put into writing this outstanding piece of content. The clarity of the writing, the depth of analysis, and the wealth of information provided are simply remarkable. Her passion for the subject is evident, and it has certainly made an impact with me. Thank you, author, for providing your wisdom and enlightening our lives with this extraordinary article!

    Reply

  117. Thanks for your article. I would also like to remark that the very first thing you will need to complete is determine if you really need fixing credit. To do that you will need to get your hands on a copy of your credit history. That should not be difficult, since the government makes it necessary that you are allowed to get one totally free copy of the credit report yearly. You just have to check with the right men and women. You can either look into the website for your Federal Trade Commission as well as contact one of the main credit agencies specifically.

    Reply

  118. Undeniably imagine that that you said. Your favourite reason seemed to be at the internet the simplest thing to be mindful of. I say to you, I definitely get irked whilst people think about worries that they plainly do not understand about. You managed to hit the nail upon the highest as well as defined out the entire thing with no need side-effects , folks can take a signal. Will likely be again to get more. Thank you

    Reply

  119. Thanks for enabling me to obtain new suggestions about personal computers. I also hold the belief that one of the best ways to keep your notebook in leading condition has been a hard plastic-type case, or even shell, that matches over the top of your computer. Most of these protective gear tend to be model specific since they are manufactured to fit perfectly in the natural outer shell. You can buy all of them directly from the owner, or through third party places if they are for your notebook computer, however its not all laptop will have a cover on the market. Once more, thanks for your recommendations.

    Reply

  120. Interesting blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog shine. Please let me know where you got your theme. Cheers

    Reply

  121. Woah! I’m really enjoying the template/theme of this blog. It’s simple, yet effective. A lot of times it’s tough to get that “perfect balance” between superb usability and visual appearance. I must say you’ve done a amazing job with this. Additionally, the blog loads extremely fast for me on Internet explorer. Exceptional Blog!

    Reply

  123. Wow, wonderful blog structure! How long have you been running a blog for? you made blogging glance easy. The total look of your site is excellent, as well as the content!

    Reply

  124. hello!,I like your writing so much! percentage we keep in touch extra approximately your article on AOL? I need an expert in this house to resolve my problem. May be that’s you! Having a look forward to peer you.

    Reply

  125. What i do not understood is actually how you are not actually much more well-liked than you may be right now. You are so intelligent. You realize therefore considerably relating to this subject, made me personally consider it from numerous varied angles. Its like women and men aren’t fascinated unless it?s one thing to accomplish with Lady gaga! Your own stuffs excellent. Always maintain it up!

    Reply

  126. When I initially commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get 4 emails with the same comment. Is there any manner you’ll be able to remove me from that service? Thanks!

    Reply

  127. My spouse and I stumbled over here different website and thought I may as well check things out. I like what I see so now i am following you. Look forward to finding out about your web page yet again.

    Reply

  129. Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your website? My website is in the very same area of interest as yours and my visitors would truly benefit from a lot of the information you provide here. Please let me know if this okay with you. Cheers!

    Reply

  131. It’s the best time to make some plans for the long run and it’s time to be happy. I’ve read this submit and if I could I wish to suggest you some interesting things or suggestions. Maybe you can write next articles referring to this article. I want to learn even more things approximately it!

    Reply

  132. One thing is that one of the most popular incentives for utilizing your credit cards is a cash-back and also rebate offer. Generally, you get 1-5 back with various expenditures. Depending on the cards, you may get 1 returning on most purchases, and 5 back on acquisitions made on convenience stores, gas stations, grocery stores and ‘member merchants’.

    Reply

  133. I have not checked in here for a while as I thought it was getting boring, but the last several posts are great quality so I guess I?ll add you back to my daily bloglist. You deserve it my friend 🙂

    Reply

  135. Good blog post. What I would like to make contributions about is that laptop memory should be purchased if your computer can no longer cope with that which you do along with it. One can mount two random access memory boards containing 1GB each, as an illustration, but not certainly one of 1GB and one with 2GB. One should check the manufacturer’s documentation for the PC to be certain what type of memory is required.

    Reply

  136. My coder is trying to convince me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using WordPress on various websites for about a year and am worried about switching to another platform. I have heard good things about blogengine.net. Is there a way I can import all my wordpress content into it? Any help would be greatly appreciated!

    Reply

  137. One more thing. In my opinion that there are numerous travel insurance sites of respectable companies that allow you to enter your holiday details and get you the estimates. You can also purchase an international travel cover policy on internet by using the credit card. Everything you need to do is to enter the travel particulars and you can understand the plans side-by-side. Just find the package that suits your allowance and needs and use your credit card to buy the item. Travel insurance online is a good way to do investigation for a dependable company pertaining to international travel insurance. Thanks for giving your ideas.

    Reply

  138. I like the valuable information you supply on your articles. I will bookmark your blog and test once more right here regularly. I am reasonably certain I?ll be informed plenty of new stuff proper right here! Good luck for the following!

    Reply

  142. Attractive component of content. I just stumbled upon your web site and in accession capital to say that I acquire actually loved account your blog posts. Anyway I will be subscribing for your augment or even I achievement you get right of entry to persistently rapidly.

    Reply

  143. Howdy are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding knowledge to make your own blog? Any help would be really appreciated!

    Reply

  144. Great beat ! I wish to apprentice even as you amend your website, how can i subscribe for a weblog web site? The account aided me a applicable deal. I have been tiny bit familiar of this your broadcast offered vivid clear concept

    Reply

  145. I’ve been absent for a while, but now I remember why I used to love this blog. Thank you, I?ll try and check back more often. How frequently you update your web site?

    Reply

  146. I?ve read some good stuff here. Definitely price bookmarking for revisiting. I surprise how much attempt you set to create this sort of wonderful informative site.

    Reply

  147. Thanks for your publication. I would like to comment that the very first thing you will need to conduct is find out if you really need credit repair. To do that you have got to get your hands on a replica of your credit history. That should really not be difficult, because the government necessitates that you are allowed to be issued one free of charge copy of your actual credit report on a yearly basis. You just have to request the right people. You can either look at website owned by the Federal Trade Commission or maybe contact one of the major credit agencies straight.

    Reply

  148. One more thing. I do believe that there are quite a few travel insurance internet sites of trustworthy companies that allow you enter a trip details and acquire you the prices. You can also purchase the particular international travel insurance policy on the internet by using your current credit card. All you have to do will be to enter your own travel details and you can start to see the plans side-by-side. Simply find the program that suits your finances and needs and use your bank credit card to buy them. Travel insurance on the web is a good way to search for a trustworthy company to get international travel insurance. Thanks for expressing your ideas.

    Reply

  149. Thanks for discussing your ideas. I would also like to express that video games have been ever before evolving. Better technology and improvements have aided create sensible and fun games. These types of entertainment video games were not actually sensible when the actual concept was being used. Just like other styles of know-how, video games way too have had to advance via many decades. This is testimony for the fast growth of video games.

    Reply

  150. Hey there just wanted to give you a quick heads up. The words in your post seem to be running off the screen in Opera. I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design and style look great though! Hope you get the problem resolved soon. Cheers

    Reply

  151. certainly like your website however you need to test the spelling on several of your posts. Several of them are rife with spelling problems and I in finding it very bothersome to tell the reality however I?ll certainly come back again.

    Reply

  153. Definitely believe that which you stated. Your favorite justification seemed to be on the net the simplest thing to be aware of. I say to you, I definitely get irked while people think about worries that they just don’t know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people could take a signal. Will likely be back to get more. Thanks

    Reply

  155. This is really interesting, You are an excessively professional blogger. I have joined your rss feed and sit up for in the hunt for more of your magnificent post. Also, I’ve shared your website in my social networks!

    Reply

  156. Please let me know if you’re looking for a article writer for your site. You have some really great posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d love to write some articles for your blog in exchange for a link back to mine. Please shoot me an e-mail if interested. Many thanks!

    Reply

  157. It’s appropriate time to make some plans for the future and it’s time to be happy. I’ve read this post and if I could I desire to suggest you some interesting things or tips. Maybe you could write next articles referring to this article. I want to read more things about it!

    Reply

  158. I would love to add if you do not now have an insurance policy or maybe you do not form part of any group insurance, you could possibly well reap the benefits of seeking assistance from a health insurance professional. Self-employed or people having medical conditions usually seek the help of one health insurance brokerage. Thanks for your article.

    Reply

  159. Thanks for your post. What I want to point out is that when searching for a good on the web electronics shop, look for a site with total information on important factors such as the privacy statement, safety measures details, payment methods, along with terms and policies. Often take time to investigate the help along with FAQ areas to get a better idea of how a shop is effective, what they are capable of doing for you, and ways in which you can make best use of the features.

    Reply

  160. I would like to thnkx for the efforts you have put in writing this blog. I’m hoping the same high-grade site post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own website now. Really the blogging is spreading its wings fast. Your write up is a great example of it.

    Reply

  161. Appreciating the persistence you put into your site and detailed information you provide. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed material. Excellent read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

    Reply

Leave a comment