Share Market Highlights: Sensex ends at 61765, Nifty at 18477 after setting fresh highs; Infosys zooms 4.8%

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Updated: October 18, 2021 4:17:30 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic markets ended with gains after having touched fresh all-time highs on Monday. Broader markets mirrored the up-move, India VIX closed 9% higher.

Share Market Today, Share Market LiveIndia VIX ended 9% higher on Monday. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity benchmark indices scaled fresh all-time highs on Monday. At the end of the day’s trade, 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. Bank Nifty zoomed 0.87% and closed at 39,684. Broader markets mirrored the up-move and India VIX jumped 9% to end at 17.19 levels. Trading for some investors was marred by glitches on CDSL, which did not allow investors to sell shares for hours until the issue was resolved. Infosys was up 4.8% on the closing bell as the top gainer, followed by Tech Mahindra, Tata Steel, ICICI Bank, and Maruti Suzuki. Down in the red, Mahindra & Mahindra fell 2.24%, followed by HCL Technologies, Dr Reddy’s, and Asian Paints

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Highlights

    16:14 (IST)18 Oct 2021
    Sensex surges for seventh day straight; Nifty trend bullish, resistance placed at 18600-18650

    Bulls continued to control Dalal Street for the seventh-day straight trading session, taking the benchmark indices to fresh all-time highs. At the end of the day's trade, 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. Bank Nifty zoomed 0.87% and closed at 39,684. Broader markets mirrored the up-move and India VIX jumped 9% to end at 17.19 levels. Trading on Monday was impaired for some investors owing to technical glitches on CDSL. Looking ahead, analysts believe earnings will keep the stock market in a jolly mood. Bulls are expected to continue dominating market movement.

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    15:35 (IST)18 Oct 2021
    Rakesh Jhunjhunwala exits MCX, cuts stakes in 2 more firms after Lupin, Fortis Healthcare

    Rakesh Jhunjhunwala has exited MCX, after trimming his stakes in at least four firms — Lupin, Fortis Healthcare, The Mandhana Retail Ventures, and TARC, the latest shareholding data suggested. At the end of the June 2021 quarter, Rakesh Jhunjhunwala held 25 lakh shares or a 4.9 per cent stake in the Multi Commodity Exchange of India. However, Rakesh Jhunjhunwala’s name didn’t appear in the list released by the company on BSE. Companies don’t need to report the names of shareholders holding less than one per cent stake in the company. Similar to Lupin, Trendlyne data shows Rakesh Jhunjhunwala’s holding in MCX as ‘below 1%’ as of 30 September 2021.

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    15:34 (IST)18 Oct 2021
    CLOSING BELL

    Domestic markets ended with gains after having touched fresh all-time highs on Monday. Broader markets mirrored the up-move, India VIX closed 9% higher. Bank Nifty ended 0.87% higher. 

    15:20 (IST)18 Oct 2021
    Amazon and Ford-backed Rivian battles losses to launch major IPO for EV industry

    Electric vehicle manufacturer, Rivian, has filed for its initial public offering. Backed by the likes of Amazon and Ford, Rivian is yet to make any revenue in 2021 despite $994 million in losses reported in the first half of the year. However, the company’s arrival on Wall Street represents a watershed moment for the EV industry. 

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    14:54 (IST)18 Oct 2021
    Embassy REIT raises Rs 4,600 crore Debt

    Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced today that it has successfully raised Rs 4,600 crores coupon-bearing debt at an attractive interest rate of 6.5%. The proceeds from this debt raise will be utilized by Embassy REIT to repay its existing zero-coupon bond outstanding of Rs 4,530 crores. Embassy REIT will be able to secure c.300 basis points interest savings annually through this refinance.

    14:27 (IST)18 Oct 2021
    Sensex support at 61350-61600

    Domestic sentiments remained positive after the country’s foreign exchanges rose by USD 2.039 billion to USD 639.516 billion in the week. Our research suggests that 61350-61600 will be an important support level in the market. If the market sustains above 61600. We can expect the market to trade in the range of 61600-62000. Technical indicators also support positivity in the market. Gaurav Garg, Head of Research, Capitalvia Global Research

    14:12 (IST)18 Oct 2021
    Adani Wilmar, Nykaa, Star Health and Allied Insurance, among 6 IPOs approved by SEBI

    Rakesh Jhunjhunwala-owned Star Health Insurance, e-commerce brand Nykaa, and Adani Group’s FMCG unit Adani Wilmar are some of the companies that received the green light from capital markets regulator SEBI for IPOs last week. Apart from the above-mentioned firms, Penna Cement Industries, Latent View Analytics, and Sigachi Industries too have received Sebi's observations, clearing the way for them to raise funds through. In total, SEBI approved 6 IPO papers in the previous week while observations of 52 are yet to be issued by the market watchdog. SEBI’s observations are necessary for any company to proceed with its IPO. 

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    14:01 (IST)18 Oct 2021
    CDSL issue resolved on Zerodha

    Zerodha informs users, CDSL issue now resolved. "The CDSL TPIN authorisation issue is now resolved. You can authorise the sale of your holdings now," the brokerage firm tweeted.

    14:01 (IST)18 Oct 2021
    Reliance, SBI, HDFC Bank, IRCTC among 344 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 Monday, extending the previous weeks’ rally. Headline indices, Sensex and Nifty scaled their respective lifetime highs today, hitting 61,894.33 and 18,524.40, respectively. Amid this rally, a total of 12 stocks — Reliance Industries Ltd, Bajaj Finserv, Bajaj Finance, HDFC Bank, ICICI Bank, IndusInd Bank, ITC, NTPC, Power Grid Corporation of India, State Bank of India, Sun Pharmaceutical Industries, and Titan Company — hit 52-week highs on the 30-stock BSE 

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    13:11 (IST)18 Oct 2021
    DMart's 110% rise in net profit fails to impress investors; analysts see massive downside

    Radhakishan Damani’s Avenue Supermarts reported a strong 110% rise in net profit in the July-September quarter but failed to impress investors as the stock tumbled 4% on Monday morning. Analysts too were unimpressed advising investors to sell the stock, predicting downside potential and extremely expensive valuations. DMart share price initially hit a high of Rs 5,899 apiece but soon slipped from the highs and was sitting near an intra-day low of Rs 5,105 per share. So far this year, DMart’s share price has galloped a whopping 85%.

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    12:53 (IST)18 Oct 2021
    CDSL hits more brokerage firms

    Technical glitch on CDSL has now marred trading for users of Zerodha, Groww, Upstox, and IIFL Securities on Monday. Investors took to Twitter to vent their anger and complain of lost profits.

    12:39 (IST)18 Oct 2021
    Sensex at new high

    Sensex crossed 61900 for the first time ever to scale a fresh all-time high on Monday. Nifty was above 18500

    11:59 (IST)18 Oct 2021
    Down in red

    Bajaj Auto was down 1.38% as the worst-performing stock on Sensex on Monday morning. It was followed by Asian Paints and Dr Reddy's, all down more than 1%.

    11:45 (IST)18 Oct 2021
    ICICI Direct users face trouble

    Users of ICICI Direct complained of facing trouble while attempting to log in to their account on Monday morning. ICICI Direct said the issue was restricted to some users and has since been resolved. 

    11:40 (IST)18 Oct 2021
    CDSL glitch affects Groww users

    Apart from Zerodha, technical issues at CDSL spoiled morning trade for users of Groww as well. Investors were unable to sell their holdings as CDSL servers failed to facilitate TPIN autorisations.  

    11:37 (IST)18 Oct 2021
    BSE website slows down

    Bombay Stock Exchange Website was working at snail's pace on Monday morning, impairing investor's morning trade. Investors took to Twitter to vent out their frustration.  

    11:31 (IST)18 Oct 2021
    Zerodha users unable to sell

    Zerodha users were unable to sell shares on Monday morning as issues with CDSL marred their trading. To dodge the issue, Zerodha allowed users to skip CDSL authorisation if they sell holdings. 

    11:29 (IST)18 Oct 2021
    Zerodha users faces technical issues

    India's largest brokerage firm Zerodha was facing issues on Monday morning as CDSL was down. 'You may face an issue with authorizing the sale of your stocks due to an issue with CDSL. We are in touch with CDSL to have the issue resolved at the earliest,' the company said on Twitter. 

    10:35 (IST)18 Oct 2021
    Nifty aiming for 18600 and then 18900

    "We achieved the 18400 level! This is the second pit stop we were aiming for post 18250. If we can close above 18400, the Nifty will aim for 18600 and then 18900 as the next two target levels. The weekly support has been updated to 18200 and as long as we do not disrespect this level, we are headed higher and all dips can be utilized to accumulate long positions," Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments.

    10:21 (IST)18 Oct 2021
    Tata Power up 13%

    Tata Power skyrockted more than 13% on Monday morning to trade at Rs 252 per share as benchmark indices were soaring higher. 

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    09:59 (IST)18 Oct 2021
    India VIX soars

    India VIX, the volatility gauge, jumped 8% as Sensex and Nifty touched all-time highs on Monday morning. 

    09:42 (IST)18 Oct 2021
    Nifty targets 18800, Bank Nifty may hit 40400 as charts suggest; RIL, ZEEL, Adani Ports top money-making bets

    On the weekly chart, the Nifty 50 index has formed a long bullish candle forming a higher High-low compared to the previous week and has closed above the previous four weeks’ high, indicating positive bias. The index is moving in a Higher Top and Higher Bottom formation on the weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above the 18400 level it would witness buying which would lead the index towards 18500-18800 levels. However, if the index breaks below the 18050 level it would witness selling which would take the index towards 17800-17600.

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    09:38 (IST)18 Oct 2021
    Bull run to continue

    "On the technical front, Benchmark Indices had gained for six consecutive sessions and last week's move is a consolidation breakout and we believe markets may continue this bull run. Immediate support and resistance in Nifty 50 are 18,200 and 18,500 respectively," said Mohit Nigam, Head - PMS, Hem Securities.

    09:22 (IST)18 Oct 2021
    Top gainers

    Tata Steel was up 1.92% as the best performing Sensex constituent on Monday morning, followed by Infosys, Titan, and Nestle. 

    09:17 (IST)18 Oct 2021
    OPENING BELL

    Domestic markets opened at all-time highs on Monday morning amid mixed global cues. Bank Nifty was above the 39,600 mark. Volatility soared higher.

    09:09 (IST)18 Oct 2021
    Sensex up 500 points

    Sensex extended gains to 500 points while Nifty 50 touched 18500 during the pre-open session on Monday morning. 

    09:05 (IST)18 Oct 2021
    Nifty is in a bullish trend

    “Nifty is expected to open positive at 18430 up by 90 points. Nifty has support at 18300 and 18170 levels. Nifty is in a bullish trend and traders can consider buy on dips with strict stoploss for 18480 and 18540 as targets.“- said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.

    09:04 (IST)18 Oct 2021
    Sensex, Nifty soar

    Sensex jumped 400 points during the pre-open session while Nifty 50 was nearing 18,500 as domestic markets looked set to open in the green. 

    08:56 (IST)18 Oct 2021
    Short-term outlook bullish

    On the options front, maximum Put OI for 28th Oct series is at 17500 strike price with 29 lakh shares followed by 18000 & 17000 strike price. Meanwhile, maximum Call OI for 28th Oct series is at a 18500 strike price with 19 lakh shares followed by 18000 & 19000 strike price.

    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 18200 from 18000 on Thursday, while among call options, 18500 strike from 18200. This broadly suggests they expect the Nifty to rise above 18500 and do not expect the index to fall below 18200.

    ~ Raushan Kumar, Derivative Analyst, IIFL Securities

    08:52 (IST)18 Oct 2021
    Petrol and diesel price October 18: Rates unchanged 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 on Monday after four days of successive price hikes. 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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    08:33 (IST)18 Oct 2021
    Quarterly earnings to determine the market trend

    "In the coming week, the domestic market awaits the release of quarterly earnings to determine the market trend. Banking will be the key sector under focus in the coming days as the sector is set to kickstart its earnings season. With the expectation of a strong recovery in corporate earnings, the Indian market is positioned to continue its bull run. However, any deviation from market expectation may lead to short-term correction in the respective segments," said Vinod Nair, Head of Research at Geojit Financial Services.

    08:32 (IST)18 Oct 2021
    China’s economic growth weakens amid construction slowdown

    China’s economic growth sank in the latest quarter as a slowdown in construction and curbs on energy use weighed on its recovery from the coronavirus pandemic. The world’s second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter’s 7.9%, government data showed Monday. Factory production, retail sales and investment in construction and other fixed assets all weakened.

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    08:25 (IST)18 Oct 2021
    Gold price rises on fear of global inflation; expect rates to move sideways to up this week

    Commodity prices traded higher with most of the commodities in the non-agro segment rallied during the week supported by a weaker dollar. Bullion prices traded higher on inflation worries while crude oil prices rallied on higher demand and lower supply concerns. Base metals traded higher with Zinc gaining nearly 20% for the week on supply disruptions due to power shortages.

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    08:16 (IST)18 Oct 2021
    Wait for mild dips

    "The nifty 50 index formed a big bullish candle and closed last week at a new all-time high. The bullish sentiment is at its peak which is usually considered unfavourable for creating new long positions. The benchmark index is also approaching the rising resistance line, which indicates a limited upside potential in the short term. We suggest traders to not create fresh longs positions and wait for mild dips to time their entry better. The immediate support on the downside is now placed at 17850," Yesha Shah, Head of Equity Research, Samco Securities.

    08:14 (IST)18 Oct 2021
    Global markets: Asian shares jittery ahead of China GDP; oil hits fresh highs

    Asian shares were on edge on Monday morning ahead of the release of Chinese economic data for the third quarter, as investors fret about the health of the world’s second-largest economy even as U.S companies report strong quarterly earnings. Oil prices hit new multi-year peaks, continuing their recent surge amid a global energy shortage, with U.S. crude at a fresh seven-year high and Brent at a three-year high.

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    08:01 (IST)18 Oct 2021
    SGX Nifty in green

    SGX Nifty was up in the green, gaining 36 points during the early hours of Monday. SGX Nifty was hinting at a flat to positive start to the day's trade. 

    08:00 (IST)18 Oct 2021
    Early Q2 results boost hopes of firm recovery; retailers, banks signal nascent pick-up in consumption

    Read throughs, from the results statements trickling in, suggest the economy was certainly getting back on track in the three months to September though all businesses were not back at pre-pandemic levels.

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