Market Update at 4:00 PM: On Monday, September 15, Indian equity benchmark indices closed lower, snapping their recent winning runs. The Nifty 50 ended an 8-day winning streak, while the Sensex closed in the red after five straight sessions of gains. At the closing bell, the Nifty 50 declined 44.80 points, or 0.18 per cent, to settle at 25,069.20. The Sensex dropped 118.96 points, or 0.15 per cent, to end at 81,785.74, as investors awaited the U.S. Federal Reserve’s policy meeting.

The Nifty India Defence index rose 0.7 per cent, extending its rally from Friday. The move came after the Defence Ministry approved a new Defence Procurement Manual (DPM), which covers revenue procurements worth an estimated Rs 1 trillion (USD 11.34 billion) in the current fiscal year. The new manual also s

See Full Page