Sensex Today Ends 98 Points Higher | Nifty Above 25,350 | BSE Rallies 18%, Adani Green 7%

Mon, 16 Sep Closing

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After opening the day higher, Indian benchmark indices remained positive as the session progressed but ended the day higher.

Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended Monday's choppy session in positive territory.

At the closing bell, the BSE Sensex stood higher by 98 points (up 0.1%).

Meanwhile, the NSE Nifty closed higher by 27 points (up 0.1%).

NTPC, JSW Steel and L&T among the top gainers today.

Britannia, Bajaj Finserv and HUL on the other hand, were among the top losers today.

The GIFT Nifty was trading at 25,455 up 70 points at the time of writing.

For a comprehensive overview of key players in the financial sector, check out list of Fin Nifty Companies.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list

The BSE MidCap index ended 0.1% higher and BSE SmallCap index ended 0.3% higher.

Sectoral indices were trading mixed with socks in power sector and realty sector witnessing buying speer. Meanwhile stocks in IT sector and telecom sector witnessed selling pressure.

Page Industries, Dixon Technologies and Info Edge hit their respective 52-week highs today.

Now track the biggest movers of the stock market using stocks to watch today section. This should help you keep updated with the latest developments...

The rupee is trading at 83.89 against the US$.

Gold prices for the latest contract on MCX are trading marginally higher at Rs 73,602 per 10 grams.

Meanwhile, silver prices were trading 0.9% higher at Rs 89,945 per 1 kg.

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Why Lumax Auto Share Price Jumps 10% Today

In news from the auto ancillary space, shares of Lumax Auto Technologies rose nearly 10% after the automotive systems and components supplier announced a strategic agreement to acquire a majority stake in Greenfuel Energy Solutions Pvt Ltd from its current shareholders.

This acquisition marks Lumax Auto's entry into the rapidly growing segment of green and alternate fuels, including CNG and hydrogen applications.

Greenfuel, known for its expertise in high-pressure fuel delivery and storage systems, as well as fire and smoke alarm systems for the automotive industry, supplies major OEMs such as Maruti Suzuki, Tata Motors, and Volvo Eicher Commercial Vehicles.

The deal will allow Lumax Auto to broaden its product offerings and diversify its solutions for automotive OEMs in India.

While Greenfuel's ancillary businesses will be excluded from the acquisition, its core competencies in fuel systems and related technologies will be integrated into Lumax Auto's portfolio.

KPMG Corporate Finance and Grant Thornton have served as exclusive advisors to Lumax Auto and Greenfuel, respectively.

Why M&M Share Price is Rising

Moving on to news from the auto sector, Mahindra & Mahindra (M&M) shares rose 2 to Rs 2,784 on Monday after the automaker announced the launch of its latest light commercial vehicle (LCV), the Mahindra Veero.

Market participants reacted positively to the news, betting that the Veero could enhance the company's foothold in the commercial vehicle market.

The Veero, designed to cater to urban transportation, is aimed at improving efficiency for businesses with its best-in-class payload capacity of 1,600 kg and fuel efficiency of 18.4 km/l for the diesel variant. M&M's latest offering also comes equipped with modern safety features and technology.

The Veero comes with both diesel and CNG options, with an electric version expected in the future. Veejay Nakra, President of Mahindra's Automotive Division, highlighted the vehicle's potential to boost the company's leadership in the sub-3.5-ton LCV segment, emphasizing its focus on maximizing profitability for customers.

The starting price for the base petrol variant of Thar Roxx is Rs 12.9 lakh, and the diesel version will be available from Rs 13.99 lakh onwards.

M&M announced that bookings will commence from October 3, with deliveries likely from Dussehra onwards.

BSE Share Price Surges 17%. Here's Why

Moving on to news from the finance sector, shares of BSE zoomed over 17% on 16 September to hit an all-time high of Rs 3,448 on the National Stock Exchange (NSE), driven by high volumes. So far in the day, a total of 33 lakh shares of the company changed hands on BSE and NSE combined, compared to the monthly average trading volume of eight lakh shares.

BSE last month reported that its Q1 FY25 net profit nearly quadrupled, excluding exceptional items. Asia's oldest stock exchange's April-June net profit came in at Rs 2,650.5 m, up 264% from Rs 726 m in the same quarter a year ago on a like-to-like basis.

The exchange had posted a net profit of Rs 1.1 bn in the January-March quarter, according to a statement. The firm's revenue from operations rose over 180% YoY to Rs 6.1 bn in the quarter under review from Rs 2.2 bn in the year-ago period.

In the January-March quarter, the company's revenue stood at Rs 4.9 bn. BSE had reported an exceptional gain of Rs 4.1 bn in Q1FY234 from profit on the divestment of a 5% stake in Central Depository Services.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

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INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

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