Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: After crashing nearly 1,000 points, equity market benchmark BSE Sensex has recovered from day’s low, on the back of buying in RIL, Kotak Mahindra Bank and others. BSE Sensex settled 410 points down at 59,668, recouping over half of the losses. While Nifty50 index finished trade at 17734, down 121 points. Bharti Airtel, Tech Mahindra, Bajaj Finance, Bajaj Finserv, Infosys, ICICI Bank, HCL Tech, IndusInd Bank were top index draggers. On the flip side, Power Grid Corporation of India, NTPC, Sun Pharma, Titan Company, Kotak Mahindra Bank, Dr Reddy’s Laboratories, Tata Steel, RIL and HUL were Sensex gainers. On the sectoral front, Nifty Metal, Nifty Pharma, Nifty PSU Bank, Nifty Consumer Durables and Nifty Oil and Gas indices ended in green. Nifty Realty index tanked over 3 per cent, followed by Nifty IT down over 2 per cent. Bank Nifty too settled lower at 37,945, down 0.6 per cent.
BSE Sensex settled 410 points down at 59,668, after crashing 1,000 points intraday. While Nifty50 index finished trade at 17734, down 121 points
Reliance Industries Ltd (RIL), Kotak Mahindra Bank, Power Grid Corporation of India, NTPC, Sun Pharma led the recovery in BSE Sensex ahead of closing
Cardiac stent maker Sahajanand Medical Technologies has filed preliminary papers with markets regulator Sebi to raise Rs 1,500 crore through an initial share sale. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth Rs 410.33 crore and an Offer for Sale (OFS) of equity shares to the tune of Rs 1,089.67 crore by selling shareholders, according to the Draft Red Herring Prospectus (DRHP).
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China has sufficient buffers and policy tools to prevent debt-riddled developer China Evergrande Group from triggering a global financial crisis, Asian Development Bank President Masatsugu Asakawa said on Tuesday. But Evergrande’s plight underscores the heavy role asset price inflation played in China’s fast-pace growth, and there could be consequences for regional government finances and consumption, Asakawa said.
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BSE Sensex pared some of the losses and was down 690 points to 59,389. While Nifty 50 index was at 17669
We analyzed Nykaa's DRHP to gauge the size of the opportunity in the Indian BPC and Fashion segments, the company's business model, the competitive landscape, as well as key risks. The Indian BPC / Fashion market is expected to reach INR2t/INR8.7t by CY25 - posting a CAGR of 12.7%/18% from CY20 with the online BPC and Fashion space growing at an even faster pace. Nykaa is well placed to capitalize on this opportunity by offering a superior customer experience, guarantee of authenticity, ability to identify contemporary trends, and deep meaningful relationships with brands. Motilal Oswal Financial Services
BSE Sensex extended losses, was now trading at day's low of 59,045, down 1000 points, while Nifty 50 fell below 17600, to 17,576.10 levels
With easing supply pressures, fiscal silver linings, and improving prospects in GBI inclusion, bonds could heave a sigh of relief and watch for RBI’s next GSAP tranche in the upcoming policy. We think RBI will tread with more GSAPs ahead (albeit shallower amount with part/full sterilization by OMO sales). Madhavi Arora, Lead Economist, Emkay Global Financial Services
Nifty's next target seen at 17,400 if we close below 17,600 today. Rahul Sharma, Director & Head - Research, JM Financial.
Bank Nifty plunged 2 per cent to 37,420.65, after hitting a record high of 38,377.25
Gold typically outperforms when markets are stressed, and climate-related risks are going to challenge all markets more often and more severely. Gold’s diversification potential is going to be increasingly relevant, and this research reinforces its strategic benefits as a risk mitigation asset. But investors also need to be confident that their holdings can contribute to the decarbonisation of the global economy and that their portfolios are increasingly aligned to Net Zero pathways. John Mulligan, Director, Climate Change Lead
Goldman Sachs has cut China’s economic growth forecast for 2021 to 7.8%, from 8.2%, as energy shortages and deep industrial output cuts add “significant downside pressures”, it said in a note on Tuesday.
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Power Grid Corporation of India share price surged over 5 per cent even as Sensex and Nifty crashed over 1.4 per cent
Nifty Metal, Nifty PSU Bank, and Nifty Oil & gas index were trading with gains on Tuesday while headline indices and all other sectoral indices traded with losses.
Bank Nifty was down 1.48% on Tuesday, falling below 38,000 levels. ICICI Bank, IDFC First Bank, HDFC Bank, and IndusInd Bank were all down more than 2% each.
Bharti Airtel was the worst-performing stock on Sensex, down 4% on Tuesday. The stock was trading at Rs 693 per share.
"Nifty started correcting since last couple of day's. Swing low of 17326 is major support only on successfully penetration of the same any big down side is expected. Else the current move is just a expiry week volatility. The current losses should be cover by next couple of days," said Vishal Wagh, Head of Research, Bonanza Portfolio.
Sensex is now 2% down from all-time high of 60,412. The benchmark index was down 800 points on at this hour.
Rakesh Jhunjhunwala’s three biggest portfolio stocks have rallied nearly 80 per cent so far in the calendar 2021, beating headline indices BSE Sensex and Nifty 50 by wide margins. Rakesh Jhunjhunwala’s most valuable listed holdings are Titan Company, with holding value at Rs 9,000 crore; followed by Tata Motors at Rs 1,260 crore; and Crisil at Rs 1,097 crore. These three stocks have surged 78 per cent since January. In comparison, BSE Sensex has risen by 25 per cent and Nifty 50 index by 27 per cent.
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Multiplexes are now back in business (literally) as Maharashtra cinemas are due to re-open from Oct 22nd. Almost concurrent to this announcement, the release dates of two big Bollywood releases were finalised - ‘Sooryavanshi’ on Nov 4th (Diwali weekend) and ‘83’ on Dec 24th (Christmas weekend); there would now be 10 Bollywood releases in Dec-Q itself – a sharp contrast to FY21 when not a single big Bollywood movie released during the five post-lockdown months when cinemas were allowed to function. This is quite on expected lines, though. With both PVR, Inox Leisure now significantly off the lower levels seen during the earlier part of the second wave, we took a fresh look at the investment case. JM Financial Services
Reliance Industries Ltd (RIL), NTPC, Titan Company, HUL were trading up to 5.4 per cent higher
Bharti Airtel, HCL Tech, Bajaj Finance, Tech Mahindra, Infosys, Asian Paints, IndusInd Bank were top Sensex losers
Nifty PSU Bank index was up with gains on Tuesday, gaining 0.96%. Among the top gainers were Indian Bank, Indian Overseas Bank, Central Bank, and PNB.
India VIX, the volatility index, surged more than 2% on Tuesday while domestic equity indices were trading with losses. The volatility gauge has breached 18 levels again.
India VIX, the volatility index, gained 2.32 per cent to trade at 18.47 levels
BSE Sensex tumbled 450 points to 59,620, while Nifty 50 index gave up 17,750 level
A legendary figure in Japan’s equity markets warned of a bubble caused by excess liquidity in a series of full-page advertisements printed in Japan’s broadsheets on Monday. Atsuto Sawakami, who set up Japan’s first low-cost mutual fund and helped to promote long-term investing in local stocks, published the advertisements in newspapers including the Nikkei and the Asahi.
Aditya Birla Sun Life AMC’s Rs 2,768 crore IPO will open for subscription tomorrow amid a falling grey market premium. The joint venture between Aditya Birla Capital Ltd and Sun Life AMC is offering 3.88 crore equity shares, constituting 13.50% of the post-offer paid-up equity share capital of the company, in a fixed price band of Rs 695-712 per share. The initial public offering of Aditya Birla Sun Life AMC will remain open for subscription till Friday this week. Incorporated in 1994, the JV between Aditya Birla Capital and Sun Life AMC is ranked as the largest non-bank affiliated AMC in the country.
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Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices fell in India on Tuesday, mirroring international trends on a stronger dollar. On Multi Commodity Exchange, gold October futures were trading Rs 88 down at 45,981 per 10 gram as against the previous close of Rs 46,069. Silver December futures fell Rs 134 or 0.22 per cent to Rs 60,500 per kg, from the previous close of Rs 60,634 per kg. Globally, yellow metal prices eased, hurt by a stronger dollar and rising U.S. Treasury yields, while investors awaited more cues from Federal Reserve officials on the central bank’s monetary policy shift, according to Reuters. Spot gold fell 0.1 per cent to $1,748.01 per ounce, while US gold futures were down 0.3 per cent to $1,747.50.
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The index is facing significant resistance at the current zone of 17900-17950. I would consider this to be an important juncture from a trading perspective. If we have to go in for a short-term correction, this is the point from where that can happen. On the flip side, if we get past 17950 on a closing basis, the Nifty can scale up higher and move towards 18050. It is a wait-and-watch situation where hasty decisions should be avoided. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments
Domestically, equities are likely to remain well diverse with other peers and could take cues from the inflows. Today, MSCI 1.3 yard ($1.3 billion) worth of flows are expected to hit the market. And that could cut the depreciating move beyond 73.90 mark. That apart, HDFC’s borrowing through bond issuance worth Rs. 6000 crore tomorrow could also flood the market with flows. However, it would be interesting to watch how momentum in US and Indian benchmark yields is unfolding. The RBI could try to keep the domestic yield under control as the government announced their planned H2 2022 borrowings for the remaining Rs. 5.03 trillion. In that case, the squeezing of yield differential could favor USD and so Rupee could feel a hit. Broadly, the weighing scale needs to get heavier on either side soon and it seems depreciating bias will dominate once inflows calm down. Technically too, the roof of 73.85-90 is acting as a stiff resistance, if broken then we could see a move towards 74.20 to 74.50 over the near term. Till that time, the pair is expected to remain in a consolidation phase of 73.40-73.90 zone. Amit Pabari, managing director, CR Forex Advisors
On the sectoral front, Bank Nifty hit a fresh record high, surpassing the previous high of 38355. Nifty PSU Bank index jumped 1.3 per cent while Nifty IT index fell one per cent
HCL Tech, Infosys, Asian Paints, Tech Mahindra, TCS, Bajaj Finserv were among top Sensex draggers
RIL share price hit a fresh high of Rs 2537.90 apiece on BSE, taking the total mcap of the company above Rs 16 lakh crore
State Bank of India (SBI), Ultratech Cement, Hindustan Unilever Ltd (HUL), NTPC, Axis Bank, Titan Company, Power Grid Corporation of India were top Sensex gainers
BSE Sensex and Nifty 50 were trading flat in early trade. Bank Nifty hit a fresh record high of 38360 in opening deals
BSE Sensex was up 200 points, surging above 60,300, while Nifty gained 130 points, to trade at 17,980 in pre-open
Nifty is expected to open flat to positive at 17895, up by 40 points. Since the last 2 trading sessions, Nifty is experiencing profit booking from 17950 levels. It is important for Nifty to close above 17950 with high volumes to continue its upward journey. On the lower side Nifty has support in 17680-17720 range Traders can use buy on dips with strict stoploss as a strategy in current markets. Gaurav Udani, CEO & Founder, ThincRedBlu Securities
BSE Sensex and Nifty 50 were set to open in green on Tuesday, as SGX Nifty gained further. Nifty futures were trading 41.5 points or 0.23 per cent up at 17897 on Singaporean Exchange. Chartists say that the Nifty 50 index has formed a double top formation which indicates temporary weakness. However, the short-term trend is still positive.
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Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of petrol were hiked by oil marketing companies on Tuesday after more than three weeks while Diesel price was increased for the fourth consecutive day. Petrol in the national capital today costs Rs 101.39 per litre, up 20 paise from yesterday while diesel in the capital city is retailing at Rs 89.57 per litre, an increase of 25 paise. Diesel price has increased by nearly 70 paise in four days. 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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