Balaji-equity-Logo
Old Backoffice
Data available till FY 2024-25 (Historical)
New Backoffice
Data From FY 2025-26 onwards (Latest)
balaji-hamburger
scanner-img
  1. Home
  2. Market
  3. News
  4. Market Commentary Mid Session News Details
Back

Market Commentary Mid Session News Details

Local equities hold their ground after rising in the previous session

(16-Sep-26   12:30)

The key equity barometers traded with slight gains in morning trades. Nifty moved in a range of 23281-23116. Nifty FMCG, Nifty Media and Nifty PSU Bank shares gained, while Nifty IT and Nifty Pharma shares fell.


NIFTY edged up 0.53% in last session and tanked 4.81% over last one-week.


At 12:15 IST, the barometer index, the S&P BSE Sensex, moved higher by 347.89 points or 0.47% to 74,351.71. The Nifty 50 index inched up 104.65 points or 0.45% to 23,223.25.


The broader market underperformed the frontline indices. The BSE 150 MidCap Index inched down 0.04% and the BSE 250 SmallCap Index posted modest losses of 0.34%.


The market breadth was unfavorable. On the BSE, 2014 shares advanced and 2808 shares retreated. A total of 229 shares were unchanged.


Nifty FMCG index gained 1.80% to 45635. The index has retreated 6.81% in last one month and slumped 20.73% over last one year. Patanjali Foods, adding 4.48%, led the gainers followed by Colgate-Palmoliv, edging up 3.58% and Marico, inching higher 3.17%, respectively. Out of 15 index constituents, 13 are reporting gains today.


Nifty Media index climbed 1.35% to 1524. The index has lost 5.76% in last one month and inched down 6.80% over last one year. Zee Entertainmen, gaining 4.69%, led the gainers followed by Prime Focus, up 2.74% and PVR Inox, up 2.52%, respectively. Out of 10 index constituents, 8 are reporting gains today.


Nifty IT index slipped 1.07%. The index has inched lower by 4.07% in last one month and registered heavy losses of 17.68% over last one year. Coforge, down 2.12%, led the losers followed by Wipro, edging lower 1.74% and TCS, easing 1.63%, respectively. Out of 10 index constituents, 9 are reporting loss today.


Asian markets climbed on Wednesday. China’s Shanghai composite is trading higher by 0.74%, Hong Kong’s Hang Seng is up 0.07%. Japan’s Nikkei 225 is ahead by 0.69%.


In Europe, German DAX posted modest gains of 0.26%, UK’s FTSE 100 drifted lower 0.37% and French CAC eased 0.34%.


In Commodities, MCX Gold edged higher by 0.65% to trade at Rs 1,50,825 per 10 grams. MCX Crude oil declined 1.87% to trade at Rs 10,218 per barrel.


WhatsApp