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Stock Market Today: On September 25, the benchmark Sensex and Nifty indexes opened lower along with the broader index. In today's trading session, GIFT Nifty is trading at the level of 25,927. In the previous trading session, the Sensex on the BSE closed down 14.57 points (0.02 percent) at 84,914.04. At the same time, the Nifty 50 index on the NSE closed at 25,940 with a weakness of 1.40 points (0.01 percent).
Stay tuned to Moneycontrol to know what is happening in the currency and equity markets today. Here we present to you a list of important news of the day running across all news platforms that can impact the Indian and international markets.
GIFT indicates a negative opening for Nifty in today's trading session. Nifty futures were trading around 25,927.
MCX has changed the transaction charges
MCX has changed the transaction charge structure in FUTURES & OPTIONS from October 1. As per SEBI rules, fixed transaction charge system will be implemented in place of slabs. The fixed charge on a turnover of Rs 1 lakh in futures will be Rs 2.10 paise.
IPO of Hyundai Motors and Swiggy approved
The country's biggest IPO has got approval from SEBI. Hyundai Motor's $3 billion IPO may come in October. Swiggy's $1.25 billion IPO was also approved there.
J&K: Second phase of voting today
Voting for the second phase of Jammu and Kashmir assembly elections today. Voting is going on in 26 seats of 6 districts.
Key levels for Nifty 50:
Support based on pivot points: 25,994, 26,023 and 26,071
Resistance based on pivot points: 25,899, 25,869 and 25,821
Special Formation: Nifty50 has registered a small shaped bullish candlestick pattern with upper shadow on the daily chart, indicating selling pressure at higher levels after the recent sharp rise. The index has maintained a higher high-higher low formation for four consecutive days.
Global Market Signals
Mixed signals are being seen from the global market. Asia has seen a soft opening. Gift Nifty and US futures are trading with moderate pressure. US markets remained strong yesterday. Dow and S&P 500 closed at record highs again. Enthusiasm increased due to relief package in China. The market rose after China's relief package announcement. Shanghai Composite rose 4% in a day for the first time in four years. The Golden Dragon Index rose 9.1% in New York trading. The Golden Dragon Index is an index of Chinese companies listed in the US.
The market expects a rate cut of 0.50% in Europe. The market expects further rate cuts in the US. A rate cut of 0.50% is expected in November and 0.25% in December. Gold at record high, silver at 11-year high.
Will the situation improve in China?
A relief package of 500 billion has been announced. The head of PBOC made this statement in a press conference. The reserve requirement ratio will be reduced by 0.50%. The 7-day repo rate will also be reduced by 0.20%.
surge in crude oil
There was a gain of more than 1% in a day. Brent prices crossed $75. WTI also traded around $72. This increase was due to the announcement of China's relief package. There was also support due to the deepening of the Middle East crisis. Iran may also enter the Israel-Hezbollah war.
Asian Marketplace
Today, mixed trading is being seen in the Asian market. GIFT Nifty is trading with a decline of 56.00 points. At the same time, Nikkei is seen around 38,040.18 with a gain of 0.26 percent. At the same time, Straits Times is showing a weakness of 0.39 percent. Taiwanese markets are trading 1.38 percent up at 22,740.41. While Hang Seng is seen at the level of 19,456.50 with a gain of 2.40 percent. At the same time, Kospi is trading with a gain of 0.13 percent. At the same time, Shanghai Composite is trading 2.88 percent up at 2,945.68.
FII and DII statistics
Foreign institutional investors sold shares worth Rs 2,784.14 crore in the Indian markets on September 24. At the same time, domestic institutional investors bought shares worth Rs 3,868.31 crore on this day.
Upcoming stocks in F&O ban
Restricted counterparties under the F&O segment include firms whose derivatives exposure exceeds 95 per cent of the market-wide position limit.
New stocks included in F&O ban: Hindustan Copper, Indian Energy Exchange
Stocks that remain in F&O ban: Aditya Birla Fashion & Retail, Granules India, Vodafone Idea
Stocks removed from F&O ban: Aarti Industries, Biocon, Chambal Fertilizers & Chemicals, GNFC, LIC Housing Finance, NALCO, Oracle Financial Services Software, Punjab National Bank, SAIL