Nifty, Sensex May Try to Rally – Tuesday Closing Report
Moneylife Digital Team 27 September 2022
We had mentioned in Monday’s closing report that Nifty and Sensex remain in a downtrend. On Tuesday, the indices opened gap up and ended with loss. On the Bombay Stock Exchange (BSE), 1,868 stocks advanced, 1,539 declined, and 133 remained unchanged with advance decline ratio of 1.21. 
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
On NSE, 15 securities advanced and closed at new 52 week high whereas 53 securities sank to close at their new 52-week lows. In sectorial indices, Nifty Metal and Nifty Financial Services were the biggest losers whereas Nifty Oil & Gas and Nifty Pharma were the biggest gainers. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small cap ending 0.01% and 0.49% higher respectively.
 
Rupee ended at 81.58/$ as compared to 81.62/$.
 
SBI Card gained almost 4% higher after its credit business performed better than industry in August.
 
Power Grid gained almost 2% after Government rejected proposal to acquire REC.
 
Torrent Pharma will acquire Curatio Health Care for Rs 2,000 crore. The company has presence in cosmetic dermatology marketed in India.
 
According to reports from Reuters, India’s inclusion into key Government bond index has been pushed into next year due to some operational issues.
 
Inox Wind has commissioned 3.3 MW wind turbine in Gujarat. The stock closed in green.
 
In large trades, Mahindra CIE ended more than 3% higher after 2.3% equity changed hands at Rs 285 per share. Lemon Tree Hotels ended in green after 0.3% equity changed hands at Rs 86 per share. GMDC ended in green after 2.46% equity changed hands at Rs 113.1 per share.
 
Exide has started work on its lithium-ion cell making plants. First phase is to be operational by the end of 2024.
 
City Gas companies ended higher as the gas price revision is due on 1 Oct. The government appointed panel for gas pricing has requested for more time to submit its report.
 
HFCL has won order worth Rs 202.6 crore for supplying optical fibre cables. The stock gained 3%
 
Route Mobile gained almost 2% after company revised it growth guidance to 60% as compared to 50% earlier.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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