The Indian stock market closed in the green zone today i.e. Thursday, September 19. The market opened with a gain of 500 points in the morning as well. The BSE Sensex reached an all-time high of 83,773 points and the National Stock Exchange's Nifty reached an all-time high of 25,611.95 points. However, the market closed with a decline due to profit booking in IT stocks and midcap and smallcap stocks from the high level. At the end of trading, the BSE Sensex closed 236.57 points higher at 83,184.30 and the National Stock Exchange Nifty closed 38.25 points higher at 25,415.80 points.
US Federal Reserve cuts interest rates further
The Federal Reserve has cut interest rates for the first time in four years. It was expected that the Federal Reserve would cut interest rates by 25 basis points, but it announced a more than expected cut in interest rates by 50 basis points. This has supported the Indian stock market.
Shares of 30 companies included in Nifty 50 rose
On Thursday, out of 30 Sensex companies, 17 shares closed in the green zone and 13 in the red zone. On the other hand, out of 50 Nifty 50 companies, 30 shares closed in the green zone and the remaining 20 in the red zone. For Sensex, NTPC shares closed with the highest gain of 2.48 percent, while HCL Tech shares closed with the highest loss of 1.44 percent.
Names of stocks that closed with gains
Among the Sensex companies, shares of Nestle India closed with a gain of 1.98 percent, Titan shares closed with a gain of 1.86 percent, Kotak Mahindra Bank shares closed with a gain of 1.60 percent, Maruti Suzuki shares closed with a gain of 1.45 percent, Hindustan Unilever shares closed with a gain of 1.31 percent, Bharti Airtel shares closed with a gain of 1.31 percent. There has been an increase of 1.11 percent in this. Apart from this, shares of HDFC Bank, Tata Motors, Asian Paints, Sun Pharma, Reliance Industries, Axis Bank, ICICI Bank, ITC, IndusInd Bank and Bajaj Finserv also closed with a gain.