The Indian stock market closed on September 16. The Nifty closed firmly with more than 25.200 today. At the end of the trade session, the Sensex rose 594.95 points or 0.73 percent to 82,380,69 and the Nifty rose by 169.90 points or 0.68 percent to close at 25,239,10. About 2294 shares rose today, 1470 shares have fallen and 131 shares remained unchanged. BSE Midcap and smallcap indices rose 0.6 percent. In addition to FMCG, all regional index closed in green mark today. Auto, property and telecommunications increased by 1 percent. Kotak Mahindra Bank, L&T, Maruti Suzuki, Bharti Airtel and Tata Steel were the most profitable in Nifty today. While Shriram Finance, Bajaj Finance, Tata Consumer, Nestle and Asian paint were one of the most declining shares in the Nifty. There are good signs for Indian markets. In the index there are heavily short coverings and foreign institutional investors (FIIs) buy both cash and futures. Powell’s remark, the dollar weakened by expectations of interest rate cuts. The US dollar remained near a four -year low of a four -year -old layer and a month against the yen on Wednesday, as traders at the end of the session expected an almost fixed deduction in interest rates by the Federal Reserve. The euro remained unchanged at $ 1.1858, which was slightly below the four -year high of $ 1,18785, which touched on Tuesday. Sterling remained stable at $ 1,3649 and swung about two and a half months high. The dollar index, which assesses the US currency against six other currencies, was at 96,686, which has been near the lowest level since the beginning of July. Dhupesh Dhemeja of Samco Securities said that the Nifty Bank index had broken a major resistance level of 55,000 and that he had built up high and low levels for two consecutive weeks. Call writing has now moved outside the money strike, and the association of close wells has increased the chances of faster. The open interest of 13.87 lakh contracts at 56,000 strikes makes it strong resistance. GEOJIT FINANCIAL VK Vijaykumar said the idea of investors improved as the talks on tariff issues between India and the United States improved. US trade representative Brendon Lynch is in New -Delhi to discuss trade agreements. VK Vijaykumar, the main investment strategist at Geojit Financial Services, said that if we take a trade agreement to remove 25 percent of the additional rates, it could be a big positive step for Indian markets. How was the market performance on September 16? The Indian stock market closed on September 16. At the end of the session, the Sensex rose 594.95 points or 0.73 percent to 82,380,69 and the Nifty rose by 169.90 points or 0.68 percent to close at 25,239,10. All the regional index, except FMCG, was closed in the green mark today. Daily Nifty, a metaphor of LKP Securities, has a double bottle breakout on the daily map and is above 21-MA. The velocity is stronger by crossing RSI’s swing high. Support for Nifty is 25,000 and the target is over 25,500. Catch agreement may be in Gujarat Flooro Chemical today. The promoter can sell shares worth approximately Rs 450 crore. The floor price is set on 3500 shares with a discount of about 5%. The US Fed will decide on interest rates today. The decision on US Fed interest rates is coming tonight. Interest rates are expected to deduct 25 basis points. Gold is still rising before the decision of the Fed. Prices on Comex remain above 3700. The place in America has reached nearly $ 3700. How can the market move forward, investors have improved the trend due to continued negotiations on tariff issues between India and the US. US trade representative Brendon Lynch is in New -Delhi to discuss a trade agreement. VK Vijaykumar, the most important investment strategist at Geojit Financial Services, said that if a trade agreement is made that removes an extra 25% tariff, it can be an important positive step for Indian markets. Bonanza’s Vaibhav Vidwani says the decision of Sebi to give Equity status to Reit’s has led to a sharp leap in Realty shares. The upcoming trial of the Supreme Court of Godfrey Philips’ bonus issue and Vodafone idea gave share-specific pace. The market will now monitor the upcoming decisions of the US Fed. Fed’s decision can determine the direction of interest rates and global liquidity. The possibility of Indo-American trade agreement and good domestic macro figures is also favorable signs for the market. We hope that share -specific activities will continue. Watch the shares that show strong revenue growth and are expected to benefit from favorable policy results later. He further stated that the strong closure of the market reflects the increasing confidence of investors and increases the hope of continuing in the Indian stock market in the rest of the week. Investors will look at the news of global interest rates and business agreements.
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