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Business Line

Stock Market Live Updates: Sensex, Nifty open lower as traders await Fed rate decision

Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, opened slightly lower on Tuesday, with traders displaying caution ahead of the U.S. Federal Reserve’s expected rate cut. In early trade, the Sensex dropped 32.50 points to 82,956.28, and the Nifty fell by 5.85 points to 25,377.90. On Monday, both indices had reached record highs, driven by rising metal stocks fuelled by optimism around the potential rate cut. Prashanth Tapse, Senior VP (Research) at Mehta Equities, highlighted that former New York Fed President William Dudley’s call for a half-point rate cut has heightened expectations for a more aggressive move by the Fed. Tapse expects Nifty to trade between 25,000 and 26,000, with 26,000 acting as key resistance. He also recommended Exide Industries as a buy for the week, while Bajaj Housing Finance soared 136% on debut and Dixon Technologies gained 7% following a key manufacturing deal.

Mint

Buy or sell: Vaishali Parekh recommends three stocks to buy today — September 16

Buy or sell stocks: Vaishali Parekh has recommended three stocks to buy today — Exide Industries, National Aluminium Co., and Angel One. 

CNBC TV18

Exide Industries invests ₹100 crore in subsidiary Exide Energy Solutions

The investment has been done through a rights issue. EESL specialises in manufacturing lithium-ion battery cells, modules, and packs for the growing electric vehicle (EV) market in India. Shares of Exide Industries Ltd ended at ₹485.65, up by ₹5.85, or 1.22%, on the BSE.

CNBC TV18

Exide Energy Solutions CEO Arun Mittal resigns; Mandar V Deo appointed as successor

Mittal's resignation is effective from October 31, 2024. Shares of Exide Industries Ltd ended at ₹483.60, down by ₹5.15, or 1.05%, on the BSE.