Stock Market Highlights: Nifty 50 at two-month high, Nifty Bank closes above 55,100 for the first time in a month

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Nifty Bank Closes Above 55,100 For The 1st Time In A Mth

Broader Markets Move Largely In-line With Benchmarks

Sensex Rises 595 Points To 82,381 & Nifty 170 Points To 25,239

Nifty Bank Gains 260 Points To 55,148 & Midcap Index 313 Points To 58,800

Except FMCG All Sectoral Indices Close In The Green, Auto Top Gaining Index

Banking Heavyweights (Kotak Bk & Axis Bk) See Buying Interest, Up 2-3%

Auto Stocks Especially 4W Extend Gaining Streak, M&M, Maruti Up 2% each

Selects NBFCs Rise With Healthy Volumes, Chola Invst Top Gainer, Up 4%

GMR Airports Surges On +ve Management Commentary, Gains 4%

Amber Ent Is At A Record High, Gains 2% On Reports w.r.t QIP Launch

Gold Financiers Extend Gains As Gold Prices Hit Record High, Muthoot Up 2%

Midcap IT Stocks Move Higher Ahead Of Fed Policy, Cyient & Persistent Top Gainers

Capital Market Stocks Slip In A Strong Sesison, BSE & Angel One Down 1% Each

Vodafone Idea Sees Profit Booking, Closes With A Cut Of 2%

Redington Hits 20% Upper Circuit Following Major Block Deals

Aegis Logistics Closes 7% Higher On Positive Brokerage Note

Market Breadth Favours Advances, Advance-Decline Ratio At 2:1

Infrastructure major Larsen & Toubro (L&T) has formally requested to exit the Hyderabad Metro Rail project, citing mounting financial losses and a lack of support from the Telangana government.

here

Shares of Vascon Engineers Ltd. are trading with gains of close to 10% on Tuesday, September 16, marking the fifth day of gains for the stock in the last six trading sessions.

here

Mahesh Nandurkar, Jefferies India On CNBC-TV18

As the Nifty Auto index surges, here are the top auto stocks that are adding to the surge.

Unilever has appointed Srinivas Phatak as its new Chief Financial Officer, effective immediately, making him the first Indian to hold the role. Phatak was earlier the CFO of Hindustan Unilever from 2017 to mid-2021. here

As the auto stocks take the mantle of surge, the Nifty Auto index jumped by over 1.2%

The CBIC clarified that the GST exemption applies to individual life and health insurance policies bought for oneself or family members. Group insurance policies, such as corporate or employer-provided coverage, will continue to attract GST. here

The Nifty Realty index has surged towards the end of the day’s trade.

Apollo Hospitals has launched Apollo Athenaa in Defence Colony, New Delhi, Asia’s first cancer centre exclusively for women. The centre was inaugurated by Delhi Chief Minister Rekha Gupta, alongside Apollo Hospitals’ founder Dr. Prathap C Reddy, Executive Vice Chairperson Preetha Reddy, and other dignitaries. here

Max Healthcare, BSE, Vodafone Idea, Glenmark Pharma and Waree Energies are among the top losers on the Nifty Midcap 100 index today.

Economists have urged the Reserve Bank of India (RBI) to continue targeting headline consumer price index (CPI) inflation instead of shifting to core inflation, arguing that food and fuel prices, though volatile, make up nearly half the basket and cannot be excluded. here

Market at day’s high, Nifty back above 25,200.

CBS News reported that Oracle is part of a consortium of firms that could help TikTok continue operating in the US if a framework deal between Washington and Beijing is reached. here

From September 22, local delivery services for groceries, food, and essentials will be taxed at 18% GST, according to CBIC. here

GMR Airports, M&M Financial, Supreme Industries, Tata Communications and MRF are among the top gainers on the Nifty Midcap 100 index today.

Ola, Uber, and Rapido have received provisional licences to operate bike taxi services in Mumbai, with the State Transport Authority setting a minimum fare of ₹15 for 1.5 km. here

Life insurance companies are in focus after sources say life insurers estimate a ₹10,000 crore hit to the industry due to GST changes.

CNBC-TV18 Exclusive: Sources Say

Mother Dairy has cut prices of select dairy and processed food products from September 16, following the recent GST rate reductions. here

From September 22, medicines will attract lower GST, and while stocks won’t need to be recalled or re-labelled, manufacturers must update MRPs through revised price lists as directed by NPPA. here

Union Minister Hardeep Singh Puri said at KPMG ENRich 2025 that India is on track to expand green energy and industrial capacity, with 2,200 global capability centres expected by 2030, creating 2.8 million jobs and generating over $100 million in revenue. here

From September 22, services like salons, gyms, spas, and yoga classes will attract a mandatory 5% GST without input tax credit, as per CBIC, replacing the earlier option of 18% with ITC. here

The shares of PVR Inox rose significantly On Tuesday

Tata Motors shares fell up to 2% on September 16 after Jaguar Land Rover extended its production halt until September 24 following a cybersecurity breach. here

Up over 18%.

In a social media post on X, Nithin Kamath, the CEO and co-founder of Zerodha, stated that he is “as clueless as everybody else” about the future of weekly options.

However, he also stated that he “would not be surprised if they were banned completely” or placed under a product suitability framework that would make it more difficult for people to trade F&O.

On Tuesday, September 16, shares of omni-channel retailer Vaibhav Global Ltd. surged up to 9%, continuing their winning run to five of the previous seven sessions.

The stock is up 25% so far in September, its best monthly performance of 2025, after rising 18% over the previous seven trading days.