On September 15, the Indian stock market's Sensex and Nifty closed in the red, trading within a limited range. After an initial gain, profit-booking pressure increased. Shares like Bajaj Finance, Tata Motors, and Adani Ports were in profit, while Infosys, TCS, and Tech Mahindra lagged.
Stock Market Today: On Monday, September 15, the Indian stock market's Sensex and Nifty opened with a slight gain in early trading. After a day of fluctuations, profit-booking pressure led to the Sensex falling by 120 points to close at 81,904.31, and the Nifty dropping by 12.65 points to 25,099.90. Investors are awaiting the outcomes of the US Federal Reserve's policy meeting scheduled for this week. Top gainers included Bajaj Finance, Tata Motors, and Adani Ports, while Infosys, TCS, and Tech Mahindra notably lagged.
Slight Gain in Early Trading
This morning, the BSE Sensex opened at 81,998.51 points with 30 shares, 93.81 points higher than its previous closing level. Meanwhile, the NSE Nifty opened at 25,138.45 points with 50 shares, showing a slight gain of 24.45 points. Investor enthusiasm was observed in early trading, but as the day progressed, volatility set in.
Profit-Booking Pressure in Mid-Day
In the latter half of the day, profit-booking pressure became evident in the market. Investors began selling shares to secure their gains, which weakened both the Sensex and Nifty indices. By the end of trading, the Sensex closed down by approximately 120 points, while the Nifty closed with a decline of less than 50 points.
Comparison with Last Week's Performance
Last Friday, the Sensex had closed up by 355.97 points or 0.44 percent at 81,904.70. Similarly, the Nifty had closed higher by 108.50 points or 0.43 percent at 25,114 points. The market had seen continuous gains last week, but today it closed in the red due to profit-booking and global economic uncertainties.
Top Gainers and Losers
Today, shares of Sensex companies like Bajaj Finance, Eternal, Tata Motors, Adani Ports, Power Grid, and State Bank of India saw gains. These companies' shares maintained a positive sentiment in the market. In contrast, shares of Infosys, Sun Pharma, Tata Consultancy Services, and Tech Mahindra lagged. The weak performance of these companies kept the market within a limited range.
Impact of Global and Domestic Factors on the Market
In today's trading, investors' expectations regarding the US Federal Reserve's interest rate policies played a crucial role. Investors in the market are observing how changes in the Federal Reserve's policies will benefit or harm the market at both domestic and global levels. Furthermore, investment decisions by foreign investors and domestic economic indicators are also influencing the market's direction.
