The Sensex and the Nifty 50 ended higher for the third consecutive session on Thursday, September 18, tracking mixed global cues after the US Federal Reserve cut benchmark interest rates by 25 bps on expected lines and hinted there could be two more rate cuts this year.

The Sensex closed 320 points, or 0.39 per cent, up at 83,013.96, while the Nifty 50 ended the day at 25,423.60, up 93 points, or 0.37 per cent. The BSE Midcap index rose 0.36 per cent, while the Smallcap index ended flat.

The overall market capitalisation of BSE-listed firms stood at nearly ₹466 lakh crore, compared to about ₹465 lakh crore in the previous session.

Indian stock market: 10 key highlights from the day

1. Sensex, Nifty 50 end with modest gains

The Sensex and the Nifty 50 rose about half a per cent each during the session but ended with only modest gains, as the Fed rate cut had already been largely discounted and failed to boost market sentiment significantly.

Moreover, mixed signals about further rate cuts also offered little help.

While the market’s undertone remains positive due to healthy macro and expectations of earnings revival, the focus is on the ongoing trade talks between the US and India. A positive outcome is expected to drive the benchmarks out of the range they have been in since June.

2. Top gainers in the Nifty 50 index today

As many as 33 stocks ended higher in the Nifty 50 index, among which Eternal (up 3 per cent), HDFC Life Insurance Company (up 2 per cent), and Sun Pharma (up 1.75 per cent) were the top gainers.

3. Top losers in the Nifty 50 index

Shares of Coal India (down 1.70 per cent), Bajaj Finance (down 1.3 per cent), and Trent (down 1 per cent) ended as the top losers in the index.

4. Sectoral indices today: Nifty Pharma, Healthcare shine

Nifty Pharma and Healthcare indices rose 1.50 per cent and 1.33 per cent, respectively, ending as the top gainers among sectoral indices.

Nifty IT also ended with a healthy gain of 0.83 per cent. Nifty Bank and Financial Services indices rose 0.42 per cent and 0.50 per cent, respectively.

On the other hand, Nifty Media (down 0.30 per cent), PSU Bank (down 0.16 per cent), Realty (down 0.07 per cent), and Oil & Gas (down 0.04 per cent) closed with losses.

5. Most active stocks in terms of volume

Vodafone Idea (59.63 crore shares), GTL Infrastructure (25.96 crore shares), and PC Jeweller (22.22 crore shares) were the most active stocks in terms of volume on the NSE.

6. Nine stocks jump over 15% on BSE

TVS Electronics, Intense Technologies, and Bhagwati Autocast were among the nine stocks that jumped over 15 per cent on the BSE.

On the other hand, seven stocks, including Broach Lifecare Hospital, Franklin Leasing and Finance, and Gujarat Hy-Spin, plunged more than 10 per cent on the BSE.

(This is a developing story. Please check back for fresh updates.)

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