Summary of the Day's Market Performance

• On September 17, Indian equity markets ended with modest gains. The Sensex climbed 90 points, settling at 83,079.66, while the Nifty 50 Index rose by 34 points, closing at 25,418.55.

• Mixed sentiment dominated broader markets, with more declining than advancing stocks. Investors are keeping a close watch on global cues, especially the upcoming Fed decision, which could set the tone for market performance in the coming days.

Performance of Key Sectors

• Gainers: The Nifty Realty sector led the gains, rising by 0.6%, followed by Nifty Consumer Durables (+0.5%) and Nifty Auto (+0.3%).

• Losers: Nifty Media was the biggest laggard, dropping 1.2%, with Nifty PSU and Nifty Metal also declining by 0.6% and 0.4%, respectively.

Market Transactions:

• 📈FII Bought: 482.69 cr.

• 📈DII Bought: 874.15 cr.

• Technology stocks experienced positive interest, driven by Infosys' encouraging results, adding momentum to the overall market performance.

• Investor Focus: Investors remain cautious but hopeful, with the market awaiting clarity on global cues, particularly the Federal Reserve’s upcoming decision.

Key Stock Movements and News

• Top Gainers: Stocks leading the day's gains included Hero Motocorp, Bajaj Auto, Bharti Airtel, NTPC, and M&M.

• Top Losers: On the losing side were Tata Motors, Eicher Motors, Adani Ports, Coal India, and JSW Steel.

• Jupiter Wagons announced plans to invest Rs 2,500 crore to set up a new plant in Odisha.

• SpiceJet plans to utilize its QIP proceeds for fleet expansion, payment of statutory dues, and addressing outstanding liabilities.

• Doms Industries acquired a 51.77% stake in Uniclan for Rs 54.9 crore.

• MCX will shift to the TCS platform starting October 1, with Motilal Oswal projecting a target price of Rs 6,500.

• DCX Systems’ arm received an industrial license to manufacture microwave submodules and defense electronic equipment.

• RMC Switchgears won a significant order for a 41 MW solar project in Maharashtra.

• Ola Electric aims for 2.5x revenue growth and 5x faster volume growth over the next three years, according to Goldman Sachs.

• GPT Infraprojects secured an order worth Rs 204 crore.

• JBM Auto's arm raised $100 million in funding from the Asian Development Bank and Asian Infrastructure Bank.

• MCX will shift to the TCS platform starting October 1, with Motilal Oswal projecting a target price of Rs 6,500.

"With a modest rise in the indices, the market displayed resilience amid mixed sentiments. Technology stocks and corporate developments continue to provide upward momentum, while global factors like the Fed decision will play a key role in shaping the market's trajectory in the coming days."

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Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.

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