Market Savera - 23/09/2024

Stock Market Updates

The Dow closed modestly higher Friday to mark a fresh record high, as major U.S. stock benchmarks booked weekly gains in the wake of the Federal Reserve’s large interest-rate cut on Wednesday.

The coming week includes reports on US manufacturing, consumer confidence and durable goods, as well as the personal consumption expenditures price index, a key inflation measure.

SpiceJet raises Rs 3,000 crore from institutional investors

India Glycols tied up with Amrut Distilleries

Mankind Pharma to raise up to Rs 10,000 crore through NCDs

Stocks in the Asia-Pacific region started the week mostly higher even as concerns about the worsening Chinese economy weighed on investors. China's central bank surprised many by lowering its 14-day repo rate by 10 basis points,

Nifty ended on a strong note on September 20 recording fresh closing highs and tracking gains in the US as well as other Asian markets. At close, Nifty was up 1.48% or 375.2 points at 25790.9. Nifty could face resistance at 25980 and take support from 25445 in the near term.

Indian markets could open higher, in line with mostly higher Asian markets today and positive US markets on Sept 20.