Share Market HIGHLIGHTS: Sensex rallies 560 pts from day’s low, Nifty ends above 18250; Reliance up 2%

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Updated: October 26, 2021 4:18:06 pm

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended in green after a volatile trade on Tuesday

Share Market Today, Share Market LiveNifty Bank index sustained above the 41,200 level and finished trade at 41,238.30 levels

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended over half a per cent higher on Tuesday, following a volatile trade. BSE Sensex surged 383 points or 0.63 per cent to end at 61,350.26, while Nifty 50 ended at 18,268, up 0.79 per cent or 143 points. Stocks such as Tata Steel, Titan Company, Nestle India, Bajaj Finance, ITC, Tech Mahindra, Reliance Industries Ltd (RIL) were among the top index gainers. On the contrary, IndusInd Bank, ICICI Bank, Hindustan Unilever Ltd (HUL), Power Grid Corporation of India, TCS, HDFC Bank were top index laggards. Sectorally, barring the Nifty Private Bank index, all the sectoral indices ended in the green. Nifty Bank index sustained above the 41,200 level and finished trade at 41,238.30 levels.

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    15:44 (IST)26 Oct 2021
    Sensex, Nifty end in green

    BSE Sensex surged 383 points or 0.63 per cent to end at 61,350.26, while Nifty 50 ended at 18,268, up 0.79 per cent or 143 points

    15:43 (IST)26 Oct 2021
    Diwali Muhurat Trading 2021: Check date, timing, significance and stocks to buy this Diwali

    Stock exchanges will open for an hour this Diwali for the ‘Muhurat’ trading session on November 4. BSE and NSE will allow investors to buy and sell stocks from 6:15 PM to 7:15 PM on Diwali. The muhurat trading session is held every year on the occasion of Diwali, for an hour. The broking community performs Lakshmi Puja and trade during this period. The muhurat trading session has a block deal session prior to normal trading and is followed by a closing session. Last year, BSE Sensex gained 145 points to end at its highest ever closing tally at that time while NSE Nifty 50 closed below 12,800.

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    15:19 (IST)26 Oct 2021
    Strong global cues support Sensex, Nifty

    Domestic equities rebounded today after seeing weakness in last couple of days. Further, strong global cues also supported today’s rally. Notably, barring banks, most key sectoral indices traded in green today with Nifty auto, metal and realty witnessing sharp recovery. Further, strong rebound in Reliance Industries also supported market. Investors appeared to be lapping-up quality midcap and smallcap stocks after steep correction in recent days as Nifty midcap and smallcap indices rebound ~1.5-2%, while volatility index also cooled off by more than 4%. Tech Mahindra witnessed sharp rally today following strong performance reported by the company in 2QFY22. Binod Modi, Head Strategy, Reliance Securities

    14:55 (IST)26 Oct 2021
    Paytm, PolicyBazaar among 35 IPOs in Dec quarter; here’s how primary market will perform in coming weeks

    The Indian IPO juggernaut seems to be in no mood to relax. There has been a tremendous surge in the number of companies opting for the IPO route to raise capital, and if reports are to be believed, as many as 35 companies are planning to raise a whopping Rs 80,000 crore in the 3rd quarter of this financial year. Companies across industry verticals are planning to raise capital from the primary markets, and some of the big names include Paytm, PolicyBazaar, and Nykaa, among others.

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    14:41 (IST)26 Oct 2021
    Jio-bp to sell premium fuels at no extra cost; EV charging, battery swap, 24×7 retail at RIL’s fuel stations

    Jio-bp, the fuel retailing joint venture between Reliance Industries Ltd and BP Plc, will sell additivised fuel at no extra cost, instead of regular fuels, at its ‘mobility stations’, the company said in a statement today. Additionally, Jio-bp will also offer EV charging and battery swap at its mobility outlets and other standalone locations. The additivised fuel sold at Jio-bp stations will contain active technology, which forms a protective layer on critical engine parts to help keep the engines clean, it said. RIL’s 1,400 existing fuel retailing stations across the country too will soon be rebranded into Jio-bp mobility stations.

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    13:35 (IST)26 Oct 2021
    Fino Payments Bank to launch IPO

    Fino Payments Bank Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to open its initial public offering of equity shares on Friday, October 29, 2021 and close on Tuesday, November 02, 2021. The price band for the offer has been determined at Rs 560-577 per equity share.

    The Offer comprises of a fresh issuance of Equity Shares aggregating up to ₹ 3,000 million (“Fresh Issue”) and an offer for sale of up to 15,602,999 Equity Shares by Fino Paytech (the “Promoter Selling Shareholders”).

    The Company intends to utilize the net proceeds from the fresh issue towards augmenting the bank's tier-1 capital base to meet its future capital requirements.

    13:15 (IST)26 Oct 2021
    Vodafone Idea, PNB among volume toppers on NSE; IRCTC, Tech Mahindra record highest traded value

    Sensex and Nifty were trading flat on Tuesday, dancing between marginal gains and losses. S&P BSE Sensex was up 50 points at the noon, shivering around the 61,000 mark while Nifty 50 was above 18,150, gaining 45 points. Broader markets were outperforming benchmark indices with smallcap and midcap indices zooming around 1-2% each. Bank Nifty was down with losses. Vodafone Idea was the most active stock on NSE, with more than 21.32 crore equity shares exchanging hands as the stock rose 1.44%. Sikko Industries was the top volume shocker on NSE as traded volume increased to 55,951 against the average 2,025 equity shares. 

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    12:49 (IST)26 Oct 2021
    SBI, Tech Mahindra among 142 stocks to hit 52-week highs on BSE; 24 shares at 52-week lows

    BSE Sensex and Nifty 50 were trading volatile, after starting on a firm note, in late morning deals on Tuesday. Rising from the day’s low, Sensex hit a high of 61,405 so far in the trade, while Nifty rose to 18,265.20 levels. On Tuesday, just two stocks, State Bank of India and Tech Mahindra hit fresh 52-week highs on the 30-stock BSE Sensex. SBI stock scaled a fresh high of Rs 518.25, surpassing yesterday’s high of Rs 515.55. Tech Mahindra rose to a new 52-week high of Rs 1,629.40 apiece, crossing its previous high of Rs 1,575.95 apiece, hit on 20 October 2021.

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    12:20 (IST)26 Oct 2021
    India VIX in red

    India VIX, the volatility gauge, was down in red on Tuesday. Slipping 1.85%, the volatility index moved below 17.5 levels.

    11:55 (IST)26 Oct 2021
    Reliance, Bharti Airtel among top large cap stock picks for Diwali 2021; shares may rally up to 20%

    Indian stock market benchmarks BSE Sensex and Nifty 50 have rallied nearly 30 per cent so far in the year, and 50 per cent since last year’s Diwali. On hopes of a faster return to normalcy from the COVID-19 pandemic, the Indian share market kept rising from last Diwali 2020, except for sideways trade between February 2021 to May 2021. In the Samvat 2078, HDFC Securities believes that on a Diwali to Diwali basis, Diwali 2021 will register the highest per cent returns since the 2008-09 period. Sectorally, the brokerage firm, believes that PSU still has steam left post Air India decision and some progress on BPCL and Shipping Corporation of India divestment. Banks (both PSU and private) could come back in the reckoning. Auto and Capital Goods can also do well after subdued performance over the past few quarters.

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    11:35 (IST)26 Oct 2021
    Jefferies ups target price of this Rakesh Jhunjhunwala-owned stock; share gains 5%

    Rakesh Jhunjhunwala-owned Tata Motors has rallied 48% so far this month to trade at Rs 501 per share and could extend its massive up-move, according to global brokerage firm Jefferies. Analysts have increased the target price for Tata Motors to Rs 625 per share from Rs 565 apiece earlier, on improving India franchise, early leadership in EVs in India, and JLR focus returning to the higher-margin Land Rover brand. Big Bull Rakesh Jhunjhunwala owned 3.67 crore equity shares of Tata Motors at the end of September, according to the company’s shareholding pattern available on the stock exchange website.

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    10:54 (IST)26 Oct 2021
    Moody's assigns first-time Ba2 to Adani Green Energy

    Moody's Investors Service has assigned a Ba2 rating to the 5.5-year USD 500 million backed senior secured notes due December 2024, issued by the Adani Green Energy Restricted Group-1 (RG-1).

    10:21 (IST)26 Oct 2021
    Tesla’s market cap now more than top 5 BSE companies combined; Elon Musk’s wealth grows $36 billion

    Elon Musk’s Tesla touched a new milestone on Monday, breaching the $1 trillion market capitalisation mark, as the stock price soared 12.66% on the back of a massive order from car-rental behemoth Hertz. With this surge in market cap, Tesla is more valuable than the top 5 BSE listed companies combined. Along with the rise of Tesla Inc share price, Elon Musk’s net worth has also soared by a massive $36 billion, according to Bloomberg Billionaires Index, extending his lead as the world’s richest person ahead of Amazon’s Jeff Bezos.

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    10:21 (IST)26 Oct 2021
    Nifty needs to hold above 18350

    Despite breaking 18000 on an intraday basis, the index still managed to close above it. It is imperative this continues to happen as it is both psychological and technical support. In order to resume the uptrend, the Nifty would need to stabilize above 18350. Even though the current trend continues to remain positive, it is advisable to gauge the markets before taking a directional call. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    10:13 (IST)26 Oct 2021
    Gold Price Today, 26 October 2021: MCX Gold falls on weak global cues; may continue to trade choppy

    Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading lower in India on Tuesday, mirroring the international rates. On Multi Commodity Exchange, gold December futures were trading Rs 80 or 0.16 per cent down at Rs 48,140 per 10 gram, as against the previous close of Rs 48,200. Silver December futures were ruling at Rs 65,960 per kg, down Rs 180 or 0.27 per cent. In the previous session, silver futures ended at Rs 66,139 per kg. Globally, yellow metal edged lower, weighed down by an uptick in the dollar as investors eye upcoming key central bank meetings this week. Spot gold fell 0.1 per cent to $1,805.96 per ounce. US gold futures was flat at $1,806.60.

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    09:37 (IST)26 Oct 2021
    Rupee: Any dip between 74.50-74.60 can be taken as buying opportunity

    Domestically, the rupee has been tucked between inflows on one side and buying pressure by oil companies on the other side. With nearly Rs 30,000cr nod given by Sebi for IPO, OFS, and stake sale, has opened up prospects of further inflows in the country. It will be watchful whether FII who have turned their back for October remigrate their flows to India again. If so, the momentum of the rupee will also largely depend on RBI’s tolerance to let the rupee appreciate and how aggressive is the central bank in absorbing inflows. Overall rupee shall trade within a narrow range of 74.50-75.20 levels for the near term. If the pair doesn’t move past 74.50 levels, any dip between 74.50-74.60 shall be taken as buying opportunity, while one can go slow in selling. Amit Pabari, managing director, CR Forex Advisors

    09:31 (IST)26 Oct 2021
    Facebook Q3 net profit jumps 17%, beats street estimate amid leaked papers avalanche; stock soars after hours

    Amid the fallout from the Facebook Papers documents supporting claims that the social network has valued financial success over user safety, Facebook on Monday reported higher profit for the latest quarter. The company’s latest show of financial strength followed an avalanche of reports on the Facebook Papers 'a vast trove of redacted internal documents obtained by a consortium of news organisations, including The Associated Press' as well as Facebook whistleblower Frances Haugen’s Monday testimony to British lawmakers.

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    09:29 (IST)26 Oct 2021
    Bank Nifty moves above 41,250; PSU Bank, Metal, Auto surges over 1%

    All the Nifty sectoral indices were trading in the positive territory. Bank Nifty was firm and ruling above 41250. Nifty Auto, Nifty Metal, Nifty PSU Bank, and Nifty Realty indices gained over 1%

    09:26 (IST)26 Oct 2021
    ICICI Bank, Axis Bank, Kotak Bank stocks fall

    ICICI Bank, Kotak Mahindra Bank, Axis Bank, Hindustan Unilever Ltd, Power Grid Corporation of India were among BSE Sensex laggards

    09:23 (IST)26 Oct 2021
    Tech Mahindra rallies 7%, RIL, HCL Tech gain too

    Tech Mahindra, Tata Steel, HCL Tech, Bajaj FInserv, L&T, UltraTech Cement, Bharti Airtel, Bajaj Finance, ITC, Reliance were among top Sensex gainers

    09:21 (IST)26 Oct 2021
    Sensex, Nifty surge in opening deals

    BSE Sensex gained 255 points or 0.42 per cent to trade at 61,223, while NSE's Nifty added 77 points to trade above 18200

    09:10 (IST)26 Oct 2021
    Bullishness in MCX Gold to remain intact

    Gold in COMEX has breached the resistance of 1800$ which indicates bullish momentum will remain intact in prices. Gold rose around 1% yesterday while US 10 year bond yield fell to 1.63%. In MCX, Gold has resistance at 48300-48500 above this level it may test 49000. While support in Gold is seen at 47900. Abhishek Chauhan, Business-Head Commodities Currency, Swastika Investmart

    09:07 (IST)26 Oct 2021
    Oil prices reach multi year highs on Monday

    Benchmark Indices are expected to open on a positive note as trends on SGX nifty indicate a gap-up opening with 40 points gain. Stocks in the Asia Pacific rose in Tuesday trade after major indexes on wall street rose to record closing highs stateside. The US markets ended higher on Monday on optimism about more upbeat earnings reports, with a slew of big-name companies due to report their quarterly results this week. Oil prices reached multi-year highs on Monday before steadying because of tight global supply. Mohit Nigam, Head - PMS, Hem Securities

    08:45 (IST)26 Oct 2021
    Axis Bank, Kotak Mahindra Bank, Bharti Airtel, Bharat Forge, JSW Steel stocks in focus

    BSE-listed companies such as Axis Bank, Kotak Mahindra Bank, Bajaj Finance, ABB India, Cipla, Ambuja Cements, Asahi Songwon Colors, Best Agrolife, Birlasoft, Canara Bank, Central Bank of India, Century Enka, Cera Sanitaryware, Coromandel Engineering, Gati, Greaves Cotton, Greenlam Industries, Hikal, IRB Infrastructure Developers, Jindal Stainless, Dr Lal PathLabs, Mahindra Lifespace Developers, Meghmani Finechem, Mahanagar Gas, Meghmani Organics, Persistent Systems, PI Industries, Torrent Pharmaceuticals, and Zensar Technologies will release September quarter earnings on October 26.

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    08:28 (IST)26 Oct 2021
    Petrol and diesel price October 26: Rates unchanged for 2nd day straight; 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 107.59 per litre, while Diesel in the capital city is retailing at Rs 96.32 per litre. Petrol and diesel rates have increased 18 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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    08:08 (IST)26 Oct 2021
    Economy likely to register 9.5 pc growth this fiscal: Report

    The economy is likely to register a 9.5 per cent growth this fiscal over 7.3 per cent contraction last year, as the ongoing recovery is faster and more credible than earlier foreseen, according to a foreign brokerage report. It will gather more momentum in the second half of the current fiscal, but will slow down to 7.7 per cent next financial year, it added. The government has budgeted for a 10.5 per cent growth this fiscal, but the Reserve Bank has scaled it down to 9.5 per cent. Ravaged by the pandemic, the economy tanked 7.3 per cent last fiscal, the worst and the third contraction on record.

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    08:07 (IST)26 Oct 2021
    US stocks end higher overnight

    In overnight trade on Wall Street, US stocks ended higher. The Dow Jones Industrial gained 64 points to end at 35,741.15, S&P500 was up 21.58 points, and Nasdaq Composite added 136.51 points.

    08:07 (IST)26 Oct 2021
    Asian markets trade higher, follow Wall Street gains

    Asian stock markets were trading higher in the early trade. Japanese stocks led gains regionally as the Nikkei 225 jumped 1.85% while the Topix index gained 1.39%. 

    08:06 (IST)26 Oct 2021
    Sensex, Nifty to open in green

    Nifty futures were trading 44.50 points or 0.25 per cent up at 18,185.50 on Singaporean Exchange. 

    08:06 (IST)26 Oct 2021
    Sensex, Nifty may mirror global cues on opening; 5 things to know before today’s trade

    Domestic equity markets witnessed another volatile session on Monday with headline indices, this time, closing with gains. S&P BSE Sensex closed at 60,967 points while the NSE Nifty 50 settled at 18,125. Broader markets failed to mirror the up-move as smallcap and midcap indices ended in the red. Bank Nifty zoomed more than 2%. Entering the second trading session of the day, SGX NIfty was in the green, hinting at positive momentum building up ahead of the day’s trade. Global cues were largely positive during the early hours of trade after Wall Street closed with gains and most Asian markets followed suit. 

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