9:55 AM Share Market Live Updates 13 Sep: After a record-breaking start, the stock market has lost its initial gains and is in the red. After reaching the level of 83092, the Sensex is now trading 158 points down at 82804. At the same time, after touching the level of 25430, the Nifty has come down to the level of 25343 with a loss of 45 points. Among the top Nifty gainers, Wipro has reached Rs 545.85 with a gain of 2.98 percent. Tata Steel is up more than two percent. JSW Steel is also up 1.48 percent. BPCL and Tata Motors are also up.
9:15 AM Share Market Live Updates 13 Sep: The rally in the stock market continues. History is being made today. The BSE Sensex managed to open above 83000 for the first time. NSE’s Nifty also opened above 25400 for the first time. The Sensex opened at a record level of 83091 with a gain of 128 points while the Nifty opened at 25430, up 41 points.
8:15 AM Share Market Live Updates 13 Sep: Today, the domestic stock market can create new history again. Sensex-Nifty is expected to reach new peaks. Because, Friday i.e. today, it is expected to open with gains due to positive global market signals. Asian markets traded mixed amid rising expectations of interest rate cuts by the US Federal Reserve, while US stock markets closed with gains overnight.
Let us tell you that the Indian stock market witnessed a sharp rally on Thursday. With both benchmark indices, Sensex and Nifty 50, hitting new record highs. The Sensex closed 1,439.55 points or 1.77 per cent higher at 82,962.71, while the Nifty 50 closed 470.45 points or 1.89 per cent higher at 25,388.90.
Key global cues for Sensex today
Asian Markets: Asian markets traded mixed on Friday. Japan’s Nikkei 225 fell 0.43 percent, while the Topix fell 0.58 percent. South Korea’s Kospi was trading stable, while the Kosdaq recorded a slight decline.
GIFT NIFTY: GIFT Nifty was trading around 25,390 levels, a premium of around 56 points over the previous close of Nifty futures. This was indicating a positive opening for the Indian stock market.
The state of Wall Street: US stock markets closed higher on Thursday. The Dow Jones Industrial Average rose 235.06 points, or 0.58 per cent, to 41,096.77, while the S&P 500 rose 41.63 points, or 0.75 per cent, to 5,595.76. The Nasdaq Composite ended Thursday’s trading with a jump of 174.15 points.
US unemployment
The number of Americans filing new applications for unemployment benefits rose modestly last week. Initial claims for state unemployment benefits rose by 2,000 to a seasonally adjusted 230,000 for the week ended Sept. 7.
ECB cuts interest rates for the second time
The European Central Bank (ECB) has cut interest rates for the second time this year. In line with expectations, the key deposit rate was cut by 25 basis points to 3.5 percent.
Gold reaches all time high
Gold prices today hit a record high, helped by expectations of an interest rate cut by the Fed. Spot gold hit an all-time high of $2,562.66 an ounce, while US gold futures rose 1.5 per cent to close at $2,580.60.
US Treasury Yield
US Treasury yields fell on expectations of a Fed rate cut. The yield on two-year Treasury notes fell 4 basis points to 3.601 percent, and was back toward a recent low of 3.55 percent, Reuters reported. The ten-year yield fell 3 bps to 3.646 percent.