Nifty, Sensex To Move Sideways Until Fed meeting – Tuesday Closing Report
Moneylife Digital Team 20 September 2022
We had mentioned in Monday’s closing report that Nifty and Sensex trendless. On Tuesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 2,109 stocks advanced, 1,364 declined, and 129 remained unchanged with advance decline ratio of 1.54.
 
The trend of the major indices on Tuesday’s trading are given in the table below:
 
 
On NSE, 81 stocks advanced and closed at new 52 week high whereas 17 stocks sank to close at their new 52-week lows. In sectorial indices Nifty Healthcare and Nifty Pharma were the biggest gainers whereas Nifty PSU Bank and Nifty FMCG gained the least. The broader market indices outperformed their larger peers with BSE Midcap and BSE Small cap ending 1.65% and 1.01% higher. Rupee closed at 79.75/$ as compared to Monday’s close of 79.77/$.
 
In large trades, M&M ended 1% higher after 0.1% equity changed hands. Muthoot Finance ended in green after 0.14% equity changed hands at Rs 1,038 per share. Power Grid ended in red after 0.13% equity changed hands at Rs 235.25 per share. Best Agrolife ended 3% higher after 1.17% equity changed hands at Rs 1,214 per share. Zydus Life has launched Lenalidomide capsules in US, used to treat various types of cancer and anemia.
 
Aster DM board has advised for restructuring exercise to unlock value for shareholders. It plans to carve out Middle East business by selling stake. CE Infosystems has launched MapMyIndia Mappls Swadeshi Consumer app. It is integrated with Government of India’s ULIP (unified logistics interface platform).
 
KKR and Hero Future Energies have signed definitive agreements to invest $450 million in Hero Future Energies.
 
Sugar companies ended higher after media reports of purchase price hike of Rs2 per liter of ethanol across all categories. 
 
Dhampur Sugar Mills ended almost 7% higher after its promoter bought additional 3.68% stake via open market.
 
Crompton Greaves Consumer Electricals gained more than 5% after it approved the 6% stake sale in Butterfly Gandhimathi via OFS.
 
Piramal Enterprise ended almost 3% higher after its board approved raising of up to Rs 750 per share via NCDs.
 
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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