Stock Market Highlights September 19, 2024: Sensex, Nifty close higher after Fed rate cut; profit-booking caps gains

Sensex, Nifty, Share Prices Updates: The Indian stock market closed higher on Thursday, September 19, 2024, with the BSE Sensex ending above the 83,000 level. The benchmark index hit an all-time high, gained 236.57 points or 0.29 per cent to close at 83,184.80, while the Nifty rose 38.25 points or 0.15 per cent to finish at 25,415.80.

The market’s positive performance came in the wake of the US Federal Reserve’s decision to cut interest rates by 50 basis points, signalling the start of a new easing cycle. However, the gains were tempered by profit-booking at higher levels, particularly in the broader market.

Among the top gainers on the NSE were NTPC (2.38 per cent), Titan (1.82 per cent), Nestle India (1.77 per cent), Kotak Mahindra Bank (1.76 per cent), and Tata Consumer Products (1.26 per cent). On the flip side, BPCL (-3.41 per cent), Coal India (-1.52 per cent), ONGC (-1.34 per cent), Adani Ports (-1.25 per cent), and Shriram Finance (-1.25 per cent) were the top losers.