CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Indian shares defy regional trend to hit record highs

By Munikoti Rochan

12:27, 15 September 2021

Stock market chart
Sock market chart - Photo: Shutterstock

Indian shares finished at record highs Wednesday, bucking the bearish mood that lingered across most markets elsewhere in the region.

The National Stock Exchange’s Nifty50 index closed 0.80% higher at 17,519.45 points. The S&P BSE Sensex gained 0.82% to finish the day at 58,723.20.

The Nifty PSU Bank index, a basket of 13 state-run lenders including the Indian Bank, rose 2.83%. Meanwhile, the Nifty Media index, a basket of 10 stocks including Network 18 Media & Investments, lagged, losing 1.55% on the day.

Gainers & losers

The Indian rupee was trading 0.24% higher to the US dollar, to INR73.47 at 17:22 hours Indian time (UTC+5:30).

On the NIFTY, the top gainers were leading electricity generator NTPC, the nation’s second largest telco Bharti Airtel (Airtel), and mining giant Coal India (CIL), adding 7.46%, 4.80% and 3.98% respectively.

However, Tata Group firm Tata Consumer Products, food products major Nestle India, and the Aditya Birla Group’s Grasim Industries were the top losers, shedding 0.95%, 0.55% and 0.49% respectively.

NVDA

377.73 Price
+0.830% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.29

TSLA

225.03 Price
-0.100% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.15

AMZN

122.22 Price
+0.520% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.17

AAPL

177.93 Price
-0.010% 1D Chg, %
Long position overnight fee -0.0255%
Short position overnight fee 0.0032%
Overnight fee time 21:00 (UTC)
Spread 0.12

On the SENSEX, NTPC, Airtel, and Titan posted the largest gains, adding 7.16%, 4.53% and 3.09% respectively.

The biggest losers were Nestle, Ultratech and Axis, shedding 0.56%, 0.42% and 0.38% respectively.

Auto sector woes

Automobile stocks in India have yet to react to the global shortage of microchips. They seem to be riding the bull-run of the broad equity indices. However, this may not last, analysts told Capital.com.

Chip scarcities have forced production cuts at some of the biggest carmakers, raising the risk that they will miss out on an annual demand surge during the ongoing festive season. That could slow the industry’s recovery from the coronavirus pandemic, and could become a drag on the overall market sentiment, they added.

Read more: Force Motors stocks gain after new ‘Gurkha’ reveal in India

Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading