Share Market Highlights: Sensex ends 50 points lower at 61716, Nifty ends at 18422; ITC down 6%, IRCTC tanks 15%

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Updated: October 19, 2021 4:20:20 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets were traded volatile on Tuesday only to end flat with a negative bias. Broader markets closed deep in the red.

Share Market Today, Share Market LiveIndia VIX closed with gains. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic benchmark indices ended their seven-day gaining streak on Tuesday. S&P BSE Sensex hit an all-time high on Tuesday morning but finished 50 points or 0.08% lower at 61,716. NSE Nifty 50 ended the day at 18,418, down from a high of 18,604. Bank nifty touched 40,000 but closed lower at 39,540. Broader markets were deep in red as Nifty Midcap 50 closed 2.22% lower while the Smallcap 50 was down 1.47%. India VIX gained 1.11%. Tech Mahindra was the top index gainer, up 4.12%, followed by Larsen & Toubro, Infosys, and Bajaj Finserv. ITC tanked 6.23% to close as the top loser on Sensex, followed by HUL, Titan, and Tata Steel. IRCTC share price nose-dived 15%. 

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Highlights

    16:09 (IST)19 Oct 2021
    Sensex, Nifty end 7-day gaining streak; experts advise caution, suggest defensive bets

    Sensex, Nifty witnessed a volatile trading session on Tuesday, ending in the red after having touched fresh all-time highs earlier in the day. S&P BSE Sensex finished 50 points or 0.08% lower at 61,716, while NSE Nifty 50 ended the day at 18,418. Broader markets fared worse than the benchmark indices. Bank nifty touched 40,000 but closed lower at 39,540. Nifty Realty index closed 4.76% lower and the Nifty PSU Bank index was 3.74% lower. Nifty IT closed with gains. Technical analysts believe investors should now wait and watch while avoiding hasty trading decisions.

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    15:34 (IST)19 Oct 2021
    CLOSING BELL

    Domestic equity markets were traded volatile on Tuesday only to end flat with a negative bias. Broader markets closed deep in the red. Bank Nifty closed 0.36% lower. 

    15:24 (IST)19 Oct 2021
    IRCTC tanks 15%

    IRCTC share price nose-dived 15% ahead of the closing bell. The stock had earlier today hit a new high above Rs 6,000 per share. 

    15:20 (IST)19 Oct 2021
    Banking, housing cycle shares to buy: Jefferies says these stocks may gain from massive 6-way economic upcycle

    ICICI Bank, State Bank of India, and Housing Development Finance Corporation (HDFC) are some of the stocks that may benefit from the expected economic growth cycle in India, said analysts at global brokerage and research firm Jefferies. Analysts have studied six components of the economic cycle, which suggest conditions are ripe for a repeat of a 2003-10 style upturn. “Housing, NPL and corporate profitability cycles have convincingly turned positive. Corporate leverage is at a cyclical low,” they highlighted. Stocks from the banking sector and sectors related to housing could see an upward trend, according to Jefferies.

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    15:15 (IST)19 Oct 2021
    Sensex, Nifty in red

    Sensex and Nifty turned red with minutes left before the closing bell. Nifty was nearing 18400 while Sensex was down below 61700.

    14:46 (IST)19 Oct 2021
    Bank Nifty in red

    After having touched fresh highs above 40,000, Bank Nifty index has slipped into the red to now trade at 39,682. Bandhan Bank was the top laggard on the index, falling more than 4%.

    14:26 (IST)19 Oct 2021
    HUL declares Rs 15 interim dividend

    Hindustan Unilever Ltd (HUL) declared an interim dividend of Rs 15 per equity share of the face value of Re 1 each for the financial year ending March 31, 2022.

    14:25 (IST)19 Oct 2021
    Sensex eyes 62,800 target now

    Indian equity markets are holding their early gains on account of sustained buying by investors and foreign funds. The BSE Sensex is currently trading at 62167.10, up by 401.51 points or 0.65% after trading in a range of 61594.29 and 62201.72. There were 19 stocks advancing against 11 stocks declining on the index. The Nifty Index is currently trading at 18573.50, up by 96.45 points or 0.52% after trading in a range of 18400.25 and 18604.45. There were 30 stocks advancing against 20 stocks declining on the index. Markets also got support as foreign institutional investors (FIIs) were stood net buyers in the capital market, as they purchased shares worth Rs 512.44 crore. Our research suggests that 62100-62300 will be an important support level in the market. If the market sustains above 62300. We can expect the market to trade in the range of 62400-62800. Technical indicators also support positivity in the market. Gaurav Garg, Head of Research, Capitalvia Global Research

    14:23 (IST)19 Oct 2021
    Reliance, ICICI Bank, Infosys, among 290 stocks to hit 52-week highs on BSE; 22 shares hit 52-week lows

    BSE Sensex and Nifty 50 were trading at new lifetime high levels on Tuesday, extending the seven-day rally. So far in the day, the 30-stock index hit a historic high of 62,245.43, and NSE’s Nifty touched a lifetime high of 18,604.45. Amid this rally, a total of 10 stocks — Axis Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, Infosys, Larsen & Toubro, NTPC, Reliance Industries Ltd, State Bank of India, and Tech Mahindra — hit 52-week highs on the 30-stock BSE Sensex.

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    13:28 (IST)19 Oct 2021
    PharmEasy raises Rs 2,600 crores Pre-IPO

    After acquiring a 66% stake in Thyrocare Technologies for Rs 4,546 crores in June 2021, since then pharmeasy eyeing the IPO. As per different market news, PharmEasy has raised Rs 2,600 crores in a Pre-IPO placement at valuations of $5.6 billion. It includes primary funding as well as a secondary share sale. Earlier in June 2021 at the time of acquiring a stake in Thyrocare, PharmEasy was valued at $4 billion and now after pre-IPO, its valuations have jumped to $5.6 billion. It is expected that in the current year PharmEasy will be filling its DRHP for approval to regulators.

    ~Yash Gupta, Equity Research Analyst, Angel One

    12:57 (IST)19 Oct 2021
    IRCTC share price at new record high, above Rs 6000, mcap tops Rs 1 lakh cr; what’s fueling the rally?

    IRCTC share price rallied 8.3 per cent to a fresh record high of Rs 6,375.45 apiece on BSE, taking the total market capitalisation to over Rs 1 lakh crore. In the last five days, Indian Railway Catering and Tourism Corporation stock has soared 30 per cent, and 70 per cent in the last one month. The stock has rallied nearly 300 per cent in six months, and 333 per cent so far this year. Last week, IRCTC stock has managed to cross its psychological resistance level of Rs 5000 and is now comfortably trading above it. Analysts say that the stock has gained momentum as it is one of the key reopening plays for investors and it is expected to benefit in the near term as more trains are brought back.

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    12:56 (IST)19 Oct 2021
    Vodafone Idea, Tata Power stocks among volume toppers on NSE; TTK Prestige sees strong investor interest

    Sensex and Nifty scaled fresh all-time highs on Tuesday morning as Dalal Street benchmarks continued to sit in the firm grip on bulls for the eighth consecutive trading session. S&P BSE Sensex touched a record high of 62,201 while Nifty 50 scaled 18,604 for the first time ever. Broader markets were largely trading with gains, except Nifty midcap 50 and Midcap 100 indices. India VIX gave up 17 levels, falling 1.6% during the day. Among volume toppers on NSE was Vodafone Idea with more than 22 crore shares of the telco exchanging hands on Tuesday morning. 

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    12:11 (IST)19 Oct 2021
    Bank Nifty touches 40,000

    Bank Nifty reaches a 52-week high of 40,011 on Tuesday as bank stock rallied higher. The banking index was led by gains in ICICI Bank, HDFC Bank, IndusInd Bank and Kotak Mahindra Bank. 

    11:23 (IST)19 Oct 2021
    India VIX in red

    India VIX, the volatility gauge, was down in the red on Tuesday morning but still above 17 levels.  

    11:20 (IST)19 Oct 2021
    Banks shut on Id-E-Milad in these states, closed for up to 5 days this week

    Banks in India will remain closed for up to five days this week, and seven days in the remaining month of October 2021. This will also include second and fourth Saturdays, and Sundays. It may be noted that apart from weekly holidays, all the public and private sector banks across India will not be closed for all seven days for all states as these are state-specific holidays for different occasions. 

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    11:13 (IST)19 Oct 2021
    Moody's upgrades India's banking sector

    We have revised the outlook for the Indian banking system to stable from negative. The deterioration of asset quality since the onset of the coronavirus pandemic has been moderate, and an improving operating environment will support asset quality. Declining credit costs as a result of improving asset quality will lead to improvements in profitability. Capital will remain above pre-pandemic levels.

    ~ Moody’s Investors Service

    10:49 (IST)19 Oct 2021
    Needs to close above 18600

    "The Index is facing stiff resistance around the 18600 level. If the markets would like to correct or consolidate, this is the place from where it would do that. The next rally-up will only happen post a closing above 18600. Until then traders should be vigilant and patient. 18200 is good support for the Nifty and till that does not break, the overall trend remains positive and dips can be utilized to accumulate long positions." said Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    10:11 (IST)19 Oct 2021
    Bears return?

    "Nifty has broken 18,455, expect 18,200 on the downside," said Rahul Sharma, Director & Head - Research, JM Financial. 

    10:08 (IST)19 Oct 2021
    Sensex, Nifty turn red

    Sensex and Nifty started trading with marginal losses on Tuesday after giving up all opening gains. ITC was top Sensex laggard, down 4%.

    09:46 (IST)19 Oct 2021
    Gold Price Today, 19 Oct 2021: MCX gold to trade in Rs 47100-47500 range; Nov-Dec bullish for yellow metal

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading flat on Tuesday, even as global cues remained positive. On Multi Commodity Exchange, gold December futures were ruling at Rs 47,324, up Rs 33, against the previous close of Rs 47,291 per 10 gram. Silver December futures were trading over half a per cent or Rs 336 higher at Rs 63,602 per kg. In the previous, silver ended at Rs 63,266 per kg. Globally, gold prices inched up as a decline in the dollar and US bond yields provided some support to the precious metal, according to Reuters. Spot gold rose 0.2 per cent to $1,767.91 per ounce, and US gold futures rose 0.2% to $1,769.6.

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    09:46 (IST)19 Oct 2021
    Rise above 18550-18600 could take Nifty to 19000

    The short-term outlook is bullish and a rise above 18550-18600 will open doors to test the psychological resistance level of 19000. 

    The Nifty maximum concentration among weekly Nifty put options has shifted higher to 18300 from 18200 on Monday, while among call options, 19000 strike from 18500. This broadly suggests traders expect the Nifty to rise above 19000 and do not expect the index to fall below 18300.

    In the coming session, the trading spot band is between 18400 and 18570, which means further upsides are likely once the immediate resistances of 18570 are taken out and weakness could emerge if the supports of 18400 are broken.

    ~ Raushan Kumar, Derivative Analyst, IIFL Securities

    09:21 (IST)19 Oct 2021
    Top index gainers

    Larsen & Toubro was the top Sensex gainer, surging more than 2% on Tuesday morning. It was followed by Bharti Airtel, Tech Mahindra, HCL Tech, and HDFC Bank. 

    09:18 (IST)19 Oct 2021
    OPENING BELL

    Domestic equity markets started the day’s trade at fresh all-time highs. Broader markets were outperforming. Bank Nifty was up near 39,900 mark. 

    09:08 (IST)19 Oct 2021
    D-Street set to open in green; IT stocks in focus

    Benchmark Indices are expected to open on a positive note as suggested by trends on SGX Nifty. US markets closed higher on the previous trading session while major Asian Indices opened on a positive note today. IT sector will be in focus as route mobile announced their earnings yesterday with visible growth which can help to provide a positive sentiment to the market as other mid and small IT companies will be releasing their quarterly earnings soon. The Indian market is keeping a close look on the oil prices as rising crude prices is a risk for India which may hit the industrial growth.

    On the technical front, Benchmark Indices had gained for seventh consecutive sessions and looks like will continue this bull run. Immediate support and resistance in Nifty 50 are 18,400 and 18,700 respectively. ~ Mohit Nigam, Head - PMS, Hem Securities

    09:06 (IST)19 Oct 2021
    Trading in green

    Sensex was above 62,200 in the pre-open session while Nifty 50 neared 16,650. 

    09:02 (IST)19 Oct 2021
    Sensex crosses 62,000 in pre-open

    Sensex breached 62,000 mark during the pre-open session on Monday morning. Nifty 50 was above 18,600.

    08:53 (IST)19 Oct 2021
    Buy the dip

    "In absence of any major event, earnings will remain in focus and we have a long list of index majors announcing their results this week. And, participants will be closely eyeing the management commentaries for the future growth outlook. Apart from this, global cues would also be on investors' radar. We reiterate our bullish view on the market and suggest using intermediate dips to add quality stocks," said Ajit Mishra, VP - Research, Religare Broking Ltd,

    08:49 (IST)19 Oct 2021
    BSE, NSE trading open: SGX Nifty up; settlement holiday, Q2 results, global cues could guide markets

    BSE Sensex and Nifty 50 were set to scale fresh record high on Tuesday, as suggested by trends on SGX Nifty in early trade. Following the upbeat sentiment, BSE Sensex has surged 2,575.86 points or 4.35 per cent in the last seven days of rally. On Monday, the index touched its all-time intra-day high of 61,963.07. The total market capitalisation of BSE-listed has soared by Rs 12,49,059.88 crore to a record high of Rs 2,74,69,606.93 crore in past seven days. Investors will closely watch the Brent crude prices, movement in rupee against US dollar, second-quarter earnings, and other global developments.

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    08:39 (IST)19 Oct 2021
    Nifty set to open in green

    'Nifty is expected to open positive at 18560, up by 70 points. Nifty has been making new Highs since the last few days , however there is a divergence in price and volumes therefore traders in long positions need to trail with strict stop loss.  Nifty has support at 18350 and 18450 levels. Buy on dips with strict stop loss can be a good strategy in the current markets,' said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.

    08:32 (IST)19 Oct 2021
    Possibility of short-term weakness

    The short term trend of Nifty remains positive. The overall chart pattern calls for caution for long positions and there is a possibility of another round of short term weakness from the higher levels. The expected weakness could be a buy-in dips opportunity for the near term. A sustainable move above 18650 is likely to nullify this negative indication. Immediate support is placed at 18350 levels.

    ~ Nagaraj Shetti, Technical Research Analyst, HDFC Securities 

    08:29 (IST)19 Oct 2021
    Petrol and diesel price October 19: Rates constant at all-time highs; Check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The price of petrol and diesel were left unchanged by oil marketing companies for the second day straight on Tuesday. Petrol in the national capital today costs Rs 105.84 per litre, while Diesel in the capital city is retailing at Rs 94.57 per litre. Petrol and diesel rates have increased 13 times so far in October. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

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    08:14 (IST)19 Oct 2021
    SBI, Vodafone Idea, Sterlite Power, Coal India, HUL, Nestle, Tata Steel stocks in focus

    Domestic equity market benchmarks BSE Sensex and Nifty 50 were once again set to open at fresh highs on Tuesday, following a 7-day rally. In the previous session, headline indices posted record closing highs. S&P BSE Sensex settled 459 points or 0.75% higher at 61,765, while NSE Nifty 50 added 138 points or 0.76% to close at 18,477. Technical analysts say that after a strong rally on daily charts last week, the Nifty 50 has formed a Doji Star kind of formation which suggests a temporary overbought situation, but the short-term trend still looks positive. 

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    08:07 (IST)19 Oct 2021
    Overall structure bullish

    "Three consecutive gap-ups formed on the daily charts call for caution on longs. Look to buy Puts if 18,455 is broken for a possible down move of 200-250 points. The overall structure is bullish but some expiry related turbulence can happen," said Rahul Sharma, Director & Head - Research, JM Financial. 

    08:03 (IST)19 Oct 2021
    SGX Nifty in green

    SGX Nifty was trading 80 points higher on Tuesday morning, hinting at continued positive momentum for domestic equities. 

    08:02 (IST)19 Oct 2021
    More stimulus to come if needed, says FM Nirmala Sitharaman

    Amid a growing perception, partly caused by a view expressed by some senior government functionaries against another instalment of a large demand-side fiscal stimulus in the current fiscal, finance minister Nirmala Sitharaman late Sunday indicated that the government was indeed open to accelerating the economic recovery through such largesse, if required. India was in no hurry to withdraw the pandemic-era stimulus and was ready to do more, if required, to support the nation’s economic recovery, Sitharaman was quoted by Bloomberg as saying in New York during the last leg of her US visit that concluded early Monday.

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