Stock Market LIVE Updates: Sensex surges 500 points, Nifty near 17,800; Dish TV rallies 9%, Nuvoco 7%

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Stock Market Live Updates: Indian shares rose in early trade on Tuesday, led by broad-based gains across sectors on the back of a rebound in global stock markets, as investors remained focussed on U.S. Federal Reserve’s policy decision this week.

The NSE Nifty 50 index rose 1% to 17,797, as of 0347 GMT and the S&P BSE Sensex was up 0.97% at 59,712.10.

The Nifty IT index, metals index and auto index were top gainers rising 1.8%, 1.7% and 1.6%, respectively.

Shares of Ircon International gained 4% after winning an order worth 2.56 billion Indian rupees ($32.13 million).

Asian shares edged up in early trade on Tuesday following a rebound in the final hour of New York trading.

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Since globally markets are focused on Fedspeak on the 21st, major breaks from the present levels are unlikely for 2 days. A big correction after the Fed decision is possible only if the rate hike is by 100bp. The Indian market continues to show resilience despite global challenges. Major indices like Nifty Bank, autos, FMCG and cement are at record levels with only Nifty IT dragging the benchmark indexes. The real winners in this volatile market are investors who remained invested without much trading. This strategy may be continued in the near-term. There is value emerging in IT for long-term investors.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

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Price as on 20 Sep, 2022 09:23 AM, Click on company names for their live prices.

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All sectors trade in the green on NSE

OPENING BELL: Sensex surges 500 points, Nifty near 17,800; Dish TV rallies 9%, Nuvoco 7%

Pre-open session: Sensex rises over 150 points; Nifty above 17,700

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Market Live Updates: Asia shares track late Wall Street rebound with focus firmly on Fed

Asian shares edged up in early trade on Tuesday following a rebound in the final hour of New York trading as investors turned their attention to an expected hefty Federal Reserve interest rate hike this week to tackle inflation.

Oil prices steady as prospect of Fed hikes may curb fuel demand

Oil prices were little changed on Tuesday, after rising in the previous session, on concerns that interest rate hikes in the United States to tame inflation will curb economic growth and fuel demand in the world’s biggest crude consumer.

Market Live Updates: SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 137.5 points, or 0.78 per cent, higher at 17,761.5, signaling that Dalal Street was headed for a positive start on Tuesday.

Tech View: Nifty50 forms a Hammer-like candle

The Nifty50 recouped intraday losses to close above 17,600 levels on Monday, suggesting that bulls are not ready to give up. The S&P BSE Sensex rallied more than 300 points to close above 59,000.

Market Live Updates: Tokyo stocks open higher with eyes on Fed

Tokyo stocks opened higher on Tuesday, extending rallies on Wall Street, with all eyes on the US Federal Reserve’s expected rate hike later this week. The benchmark Nikkei 225 index was up 0.81 percent, or 222.85 points, at 27,790.50 in early trade, while the broader Topix index advanced 0.63 percent, or 12.28 points, to 1,950.84.

Wall Street ends higher after choppy trading ahead of Fed

Wall Street’s main indexes closed higher on Monday after seesawing during the session as investors wait to see how aggressively the Federal Reserve will hike interest rate hikes at this week’s policy meeting.

Rupee falls 3 paise to close at 79.81 against US dollar

The rupee pared its initial gains and settled 3 paise lower at 79.81 against the US dollar on Monday, weighed down by the strength of the greenback in the overseas market.

Market Live Updates: Sensex, Nifty on Monday

The 30-share Sensex rose 300.44 points to end at 59,141.23. Its broader peer, Nifty50, ended at 17,622.25, up 91.40 points.

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