Image Source : INDIA TV Stock markets update for September 24.
Stock markets update: Equity benchmark indices opened in green in early trade on Tuesday amid positive global cues. Sensex crossed the 85,000 mark for the first time ever in early trade on Tuesday. In the early trade, the 30-share BSE Sensex was 85,044. Meanwhile, the Nifty also hit a record high of 25,971 points.
On the NSE Nifty 50 index, Hindalco, Dr. Reddy’s Laboratories, Hero Motor Corp, Tata Motors, and Asian Paints were among the top gainers. Meanwhile, Maruti Suzuki India, Bajaj Auto, Infosys, Hindustan Unilever, and Bajaj Finance were among the laggards.
The NSE imposed a ban on companies including Aditya Birla Fashion and Retail, Tokio, Art Industries, Biocon, Chambal Fertilizers and Chemicals, GNFC, Granules India, Elastics Enahim Finance, Nalco, Oracle Sawed Private Limited, Punjab National Bank, and Steel on September 24.
Rupee against dollar
Meanwhile, the Indian rupee witnessed range-bound trade in the morning session on Tuesday and depreciated 3 paise to 83.57 against the US dollar, amid a muted trend in domestic equities and rising crude oil prices. Forex traders said the rupee continues to hold steady within a well-defined range on active intervention by the Reserve Bank of India (RBI).
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.54 against the American currency, then fell to 83.57, registering a fall of 3 paise over its previous close.
(With PTI inputs)
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