Stock Market Live Updates September 13, 2024: Sensex, Nifty hit record highs on positive global cues, rate cut hopes; Sensex opens at 83,091.55, while Nifty starts day at 25,430.45

Sensex, Nifty, Share Prices LIVE: Indian stock markets opened at record highs on Friday, buoyed by positive global cues and expectations of interest rate cuts by central banks. The Sensex opened at 83,091.55, while the Nifty started the day at 25,430.45, both surpassing their previous all-time highs. The rally was driven by strong buying interest from foreign institutional investors (FIIs), who purchased equities worth ₹7,695 crore on Thursday, marking the second-highest single-day buying in 2024. Domestic institutional investors also contributed with purchases of ₹1,800 crore.


Global markets provided a positive backdrop, with US stocks ending higher as investors digested new inflation and labor data. The European Central Bank (ECB) cut its key deposit rate by 25 basis points to 3.5 per cent, fueling expectations of similar moves by other central banks.

“The current market trend has turned further bullish by crossing 25,350, which was the toughest task. This will help the market to cross the next psychological resistance level of 26,000,” said Shrikant Chouhan, Head of Equity Research at Kotak Securities.