Market Wrap, Sept 16: Here’s all that happened in the markets today

The home stock market ended in the constructive territory for the second straight day on Wednesday, thanks to purchasing in blue-chip counters equivalent to HDFC Bank, Infosys, Mahindra & Mahindra (M&M), and ICICI Bank.

The S&P BSE Sensex gained 258.5 factors or 0.66 per cent to settle at 39,303 ranges whereas the Nifty50 index surpassed the 11,600-mark to finish at 11,605, up 83 factors, or 0.72 per cent. India VIX fell practically 5 per cent to 19.6 ranges.

M&M (up over 4 per cent) ended as the high Sensex gainer, adopted by Bajaj Auto (up 3.4 per cent). On the different hand, IndusInd Bank (down practically 2 per cent) was the greatest loser.

Shares of Dr. Reddy’s ended over 4 per cent increased at Rs 4,631.55 on the BSE after the firm mentioned it has agreed to cooperate with Russia’s sovereign wealth fund RDIF on medical trials and distribution of Sputnik V vaccine in India. Upon regulatory approval in India, RDIF shall provide to Dr. Reddy’s 100 million doses of the vaccine.

The development amongst Nifty sectoral indices was largely constructive. The Nifty Pharma index gained over 2 per cent whereas the Nifty Auto ended over 1.5 per cent increased at 8,156 ranges. Nifty Realty index additionally ended over 2 per cent increased at 226 ranges.

In the broader market, the S&P BSE MidCap index ended 0.21 per cent increased at 15,046 ranges whereas the S&P BSE SmallCap index settled at 15,431, up 0.44 per cent.


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