Top gainers, losers for September 16: NTPC, JSW Steel, Hindalco top NIFTY movers

Benchmark SENSEX advanced 97 points to settle at an all-time high, while NIFTY inched up 27 points to close near its record high following positive global markets ahead of the key US Fed meet. NIFTY rose by 27.25 points, or 0.11%, to close at 25,383 as 26 of its constituents ended in the green and 24 declined.

The index opened higher and moved in a range before hitting a high of 25,445.7 in intraday trade.

The 30-share BSE SENSEX gained 97.84 points, or 0.12%, to close at a record high of 82,988.78. The index hit a record intraday high of 83,184.34. Half of its constituents ended in the green.

Buying in metal banking, realty and consumer durables shares supported the uptrend. FMCG, IT and pharma shares retreated.

Indian stock advanced amid gains in global equities ahead of the expected Fed rate action on Wednesday. The markets are betting on a 25 bps cut and are focusing on Fed commentary on the evolving economic outlook.

Market breadth was positive as of 2,890 shares traded on NSE, 1,448 shares advanced, 1,354 declined, and 88 closed flat. Around 200 stocks hit the 52-week high levels, while 29 hit the 52-week lows. As many as 158 shares hit the upper circuit while 95 shares hit the lower circuit during the day.

Sugar stocks saw a significant surge in intraday trading on Monday. Shares of Shree Renuka Sugars and Balrampur Chini Mills closed over 2% higher. This rally followed after the Department of Food and Public Distribution's (DFPD) decision to allow sugar mills and distilleries to produce Rectified Spirit (RS) and Extra Neutral Alcohol (ENA) using sugarcane juice and B-heavy molasses. The move is expected to increase production flexibility for ethanol and alcohol-based products, aiding the industry's diversification.

In the broader market midcap and smallcap indices moved up to 0.16%. Among sectoral indices, Nifty Media rose by 0.99%, Metal by 0.61%, Consumer Durables by 0.51% and Realty by 0.5%. Nifty FMCG dropped 0.72% and IT by 0.10%.

NTPC, JSW Steel biggest gainers

Bajaj Finance, HUL biggest losers

Broader indices close higher

Today, the broader markets concluded the day in the green. The Nifty Midcap 100 gained by +0.38%, and the Nifty Smallcap 100 index gained by +0.16%. Market breadth was strong on Monday as the advancing stocks outnumbered the declining stocks marginally.

Asian markets

The key Asian indices closed on a mixed note today. The Shanghai index declined by -0.48%, the Nikkei 225 fell by -0.68%, while the Hang Seng index gained by +0.31% and the Kospi rose by +0.13%. As of 3:41 PM, The Dow Jones futures were trading up by +62 points at 41,887.