Indian Stock Market Closes Mixed as Sensex Dips Slightly While Nifty Gains

Mumbai, September 17 (Daily Kiran) : The Indian stock market concluded Thursday’s session with mixed results, influenced by assessments of the U.S. Federal Reserve’s policy meeting outcomes. The BSE Sensex ended flat, while the NSE Nifty saw a slight uptick.

The BSE Sensex fell by 21.86 points, or 0.03%, closing at 74,314.59. In contrast, the NSE Nifty50 increased by 53 points, or 0.23%, reaching 23,270.60.

During the trading session, the Sensex opened at 74,182.62, down 153.83 points, or 0.20%, from its previous close of 74,336.45. At one point, it surged to a high of 74,677.56, reflecting a gain of 341.11 points, or 0.45%, before dipping to a low of 74,163.95, which marked a decline of 513.61 points, or 0.68%.

The Nifty 50 opened at 23,195.25, down 22.34 points from its prior close of 23,217.60. It later reached an intra-day high of 23,363.55, a rise of 145.95 points, or 0.62%, but also recorded a low of 23,193.65, down 0.10%.

In broader market trends, the Nifty Midcap and Nifty Smallcap indices rose by 0.92% and 0.76%, respectively.

Sector-wise, Nifty Realty, Nifty Auto, and Nifty Metal performed well, while Nifty Bank, Nifty PSU Bank, and Nifty Private Bank faced the most significant declines.

Among the Nifty50 stocks, HDFC Life saw the highest gain of 5.05%. Other top gainers included Tata Motors Passenger Vehicles, SBI Life, Dr. Reddy’s Laboratories, BEL, Indigo, and Tata Steel. Conversely, ONGC, Titan, HDFC Bank, HUL, Coal India, and Nestlé India experienced the most considerable losses.

Market experts noted that potential interest rate hikes by the Fed and easing bond yields provided some support to global equity markets, bolstered by hopes of gradually decreasing inflation. Despite this, volatility persisted in domestic markets, though recent declines encouraged “value buying.”

Experts further indicated that ongoing tensions in the Middle East and concerns about potential increases in U.S. tariffs might keep investors cautious about future interest rate hikes.

Mid-cap and small-cap stocks continued to perform well as investors favored companies with strong earnings prospects, solid order books, and robust balance sheets, particularly in the capital goods, industrial, defense, power, and healthcare sectors.