Stock Market Highlights Today: Nifty forms a bullish Hammer candle on

Sensex and Nifty extended the gains and trading at day’s high level with Sensex crossing 59,000 and Nifty above 17,570. The Sensex was up 514.34 points or 0.88% at 59,005.27. Nifty was up 174.40 points or 0.86% at 17571. India VIX eases 6.29%.

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Rupee recovers 13 paise to close at 73.61 against US dollar

At the interbank forex market, the local unit opened flat at 73.74 against the greenback. During the session, the domestic unit witnessed an intra-day high of 73.58 and finally settled at 73.61. On Monday, the rupee had dropped by 26 paise to settle at a nearly four-week low of 73.74 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.14 per cent to 93.14.

Gold marginally down; silver rises by Rs 40

Gold in the national capital on Tuesday was marginally down by Rs 3 to Rs 45,258 per 10 grams inline with weak global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,261 per 10 grams. Silver gained Rs 40 to Rs 58,750 per kilogram from Rs 58,710 per kilogram in the previous trade.

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On BSE, total gainers were equal to total losers

Out of the 30 stocks in the BSE Sensex index, 24 ended in the green

Sensex stages 773 pts recovery, rises 514 pts; Nifty50 tops 17,550

Bajaj Finance and Tata Steel lead the market gains
24 of 30 Sensex stocks end the day in the green
Index contributors: Tata Steel, Bajaj Finance, RIL, ONGC, ITC
Top Index gainers: Bajaj Finance (5.07%), IndusInd Bank (4.72%), Tata Steel (3.36%)
Top Index losers: Maruti (2.51%), Bajaj Auto (1.08%), Nestle (0.83%)

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Sensex crosses 59,000, Nifty above 17,570, India VIX eases

Sensex and Nifty extended the gains and trading at day’s high level with Sensex nearing 59,000 and Nifty above 17,500. The Sensex was up 482.16 points or 0.82% at 58973.23. Nifty was up 149.10 points or 0.86% at 17546. India VIX eases 6.29%

Karnataka Government assembly passes Bill slashing stamp duty by 2% on flats priced below Rs 45 lakh. Here’s how south-based real estate cos react

Price as on 21 Sep, 2021 03:09 PM, Click on company names for their live prices.

“Karnataka Government’s decision to slash stamp duty by 2% will provide marginal boost to the real estate sector. Although the move is definitely progressive, it will only make marginal difference to the volume of sales because 2% is capped for properties worth Rs 45 lakh only. While it will save cost to homebuyers, the volume of sales below Rs 45 lakh is restricted. Had the stamp duty cut been across the price categories as was done by the Maharashtra government, the impact would have been desirable. Limiting it to properties worth up to Rs 45 lakh may not lead to volumes.”

– Shantanu Mazumder, Executive Director – Karnataka, Knight Frank India