sensex today: Closing Bell: Sensex rises for 2nd straight session, jumps 203 pts; Nifty tops 17,750; Maruti zooms 5%, RIL 3%

Indian shares registered their second straight weekly gain on Friday, boosted by energy and automobile stocks and as a fall in U.S. Treasury yields made riskier assets more appealing.

The NSE Nifty 50 index advanced 0.28% to 17,786.80 at close, and the S&P BSE Sensex ended 0.34% higher to 59,959.85. For the truncated week, the benchmark indexes posted a gain of over 1% each.

“The strengthening rupee along with a softening treasury yield and decent Q2 earnings results are supporting the domestic market in the near term,” Vinod Nair, head of research at Geojit Financial Services.

The Indian rupee posted a weekly rise on bets that the U.S. Federal Reserve will pivot to smaller-sized rate hikes from December.

The benchmark U.S. 10-year yield was at 4.01%, down 20 basis points so far this week, after data showed U.S. consumer and business spending slowed in the third quarter, pointing to a possible peak in inflation that could allow the Fed to ease its aggressive rate hikes.

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Markets oscillated in a range and ended marginally higher, in continuation to the prevailing consolidation phase. The Nifty index opened with an uptick however profit taking trimmed gains as the day progressed. Most sectors ended lower however strong traction in two heavyweights viz. Reliance and Maruti helped auto and energy to close higher. Meanwhile, the broader indices underperformed and lost in the range of 0.4%-1%.We may see further consolidation in the index and expect a similar trend on the global front as well. After the recent outperformance, banking may also take a breather and index majors from other sectors are likely to fill in the gap. Participants should maintain their focus on sector/stock selection and utilise dips to add during consolidation.

– Mr. Ajit Mishra, VP – Research, Religare Broking

Rupee traded in a volatile range between 82.00-82.80 as the week saw dollar index falling below 110$ from 112.50$ supporting rupee for some time but the broad trend weakness continues in rupee as sellers grabbed the opportunity again to sell rupee near 82.00 and bringing the prices down again near 82.45. Rupee can be seen in range of 82.00-83.00 as long as dollar is in range of 110$-112.50$ if dollar index rises above 112.50$ again further selling in rupee below 83.00 can be witnessed on back of higher interest rate cycle. RBI statement on 3Nov22 will be closely watched by market participants as unscheduled meetings from RBI with any new stance can keep volatility high in rupee.

– Jateen Trivedi, VP Research Analyst at LKP Securities

Indian markets opened positive despite mixed global cues and resumed its positive momentum for second consecutive day. After the initial strength Nifty did witness some weakness during mid-day however managed to recover smartly in the last hour of trade to close with gains of 50 points (+0.3%) at 17,787. India VIX continued to cool off down 4% and now below 16 levels. Broader market however witnessed profit booking as were down 0.5%-1.0%. Banking stocks too witnessed some profit booking after RBI called for an additional meeting of its Monetary Policy Committee on 3rd November. Auto stocks were among the major gainers after Maruti reports strong results and ahead of monthly sales data to be released next week for Oct which would include numbers for the Diwali festival. On the global front, while the US GDP growth of 2.6% annualized was better than expected, weak results from tech heavyweight impacted sentiments. Nifty has been consolidating around the 17800 zone for last 4 trading sessions after witnessing a sharp upmove of more than 800 points in 8 sessions. Strong traction in ongoing domestic earnings, FIIs turning buyers and positive domestic cues can lead the Nifty to reach 18000/18200 levels over the next few days.

– Mr. Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services

Vedanta profit declines 61 pc to Rs 1,808 crore in July-September

Vedanta Ltd on Friday reported a 60.8 per cent decline in consolidated net profit at Rs 1,808 crore for the quarter ended September 30 on the back of higher expenses. The company had posted a consolidated net profit of Rs 4,615 crore in the year-ago period, Vedanta Ltd said in a regulatory filing.

Sebi cuts denomination for debt issued on a private basis to Rs 1 lk from Rs 1 cr

Sebi cuts denomination for debt issued on a private basis to Rs 1 lk from Rs 1 cr

Gains in index heavyweights helped the domestic market to withstand its gains despite negative trends in its global peers. US tech stocks had a significant sell-off following disappointing quarterly results and a bleak forecast. The ECB raised its interest rate by 75 basis points, also signalling that it is making progress in combating record inflation, though the plausibility for a recession grew. However, the strengthening rupee along with a softening treasury yield and decent Q2 earnings results are supporting the domestic market in the near term.

– Vinod Nair, Head of Research at Geojit Financial Services

Rupee posts weekly rise on hopes of less aggressive Fed

The Indian rupee was little changed against the dollar on Friday, but posted a weekly rise on bets that the U.S. Federal Reserve will pivot to smaller sized rate hikes from December. The rupee closed at 82.47 on Friday, barely changed from 82.4900 in the previous session. The local unit managed to carve out an 0.25% advance on a weekly basis. The rupee, along with most other Asian currencies, had received a boost this week on bets that the Fed may not opt for another 75 basis points hike in its December policy review.

Rupee posts weekly rise on hopes of less aggressive Fed

Heatmap: 10 of 30 Sensex stocks end in the green

Heatmap: 10 of 30 Sensex stocks end in the green

Rupee closes flat at 82.47/$ vs previous close at 82.49/$

Closing Bell: Sensex rises for 2nd straight session jumps 203 pts; Nifty tops 17,750; Maruti zooms 5%, RIL 3%

Closing Bell: Sensex rises for 2nd straight session jumps 203 pts; Nifty tops 17,750; Maruti zooms 5%, RIL 3%

Bandhan Bank Q2 Results

  • PAT at Rs 209 cr: Agencies
  • Gross NPA at 7.19% vs 7.25% QoQ
  • Operating profit at Rs 1,550 cr, down 1.9% YoY
Bandhan Bank Q2 Results

Gold falls Rs 105; silver gains Rs 21

Gold price in the national capital fell by Rs 105 to Rs 50,889 per 10 grams on Friday amid weak global trends, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 50,994 per 10 grams.Silver, however, gained Rs 21 to Rs 58,336 per kg from Rs 58,315 per kg.The rupee appreciated 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities.

Gold falls Rs 105; silver gains Rs 21

Most active stocks in afternoon session

Price as on 28 Oct, 2022 03:08 PM, Click on company names for their live prices.

India’s TTK Healthcare Ltd reported a more than two-fold rise in quarterly profit on Friday, boosted by higher sales of medical devices and contraceptives. Profit from continuing operations rose to 79.1 million Indian rupees ($959,625.37) for the three months ended Sept. 30, from 37.5 million rupees a year earlier.

Price as on 28 Oct, 2022 02:37 PM, Click on company names for their live prices.

Maruti Q2 earnings YoY

Figs in Rs million

Maruti Q2 earnings YoY

Maruti Q2 Results: PAT soars 4-fold, beats estimate

Maruti Q2 Results: PAT AT Rs 2060 cr vs ET NOW poll of Rs 1935 cr

Maruti Q2 Results: PAT AT Rs 2060 cr vs ET NOW poll of Rs 1935 cr

These 5 realty stocks tank up to 3%

Price as on 28 Oct, 2022 01:35 PM, Click on company names for their live prices.

The listing of InvIT NCDs on Bombay Stock Exchange is historic as it marks the new dawn for People’s Participation: Gadkari

European shares fall on commodity weakness, mixed earnings

European shares fell on Friday, dragged lower by weaker commodity prices and mixed earnings reports, as investors assessed the path for monetary policy tightening amid slowing economic growth. The pan-European STOXX 600 index fell 0.9% by 0719 GMT, with miners leading the losses as commodity prices dropped on worries about China’s expanding COVID-19 restrictions. The benchmark index closed flat on Thursday after the European Central Bank raised interest rates as expected but said “substantial” progress had already been made in its bid to fight off a historic surge in inflation.

Shares of Infibeam Avenues hit the upper circuit on Friday after the fintech company received the nod from the Reserve Bank of India (RBI) for a payment aggregator licence. Infibeam Avenues, India’s first listed platform and payments infrastructure company, has received ‘in-principle’ approval from RBI to operate as a Payment Aggregator. Under this provision, the fintech player will get a substantial boost to further expand its reach in multiple business segments for both online and recently launched offline digital transactions.

Price as on 28 Oct, 2022 12:51 PM, Click on company names for their live prices.

Bajaj Auto, Hero Moto among top gainers from the auto pack

Price as on 28 Oct, 2022 12:43 PM, Click on company names for their live prices.

BUZZING STOCK: SBI CARD

Metal stocks under pressure! Here are the top losers

Price as on 28 Oct, 2022 11:57 AM, Click on company names for their live prices.

boAt likely to reconsider IPO plans in the next 12-18 months

Imagine Marketing, the parent company of wearables brand boAt, on Friday said it has raised Rs 500 crore from existing shareholder, a Warburg Pincus affiliate, and new investor Malabar Investments. The company has withdrawn its listing plans for now, and is likely to reconsider IPO plans in the next 12-18 months, a source privy to the development said.

In a statement announcing the fundraise, the company said the move will fuel expansion into the fast-growing smartwatches category while cementing leadership in personal audio.

“The company is raising Rs 500 crore from its existing shareholder, an affiliate of Warburg Pincus, a leading global private equity fund and new investor Malabar Investments,” the statement said.

(Source: PTI)

FMCG pack only pack in the green! Check out the top gainers in the pack

Price as on 28 Oct, 2022 11:25 AM, Click on company names for their live prices.

The Reserve Bank of India is likely to withdraw its official Yogesh Dayal from the board of RBL Bank Ltd ahead of the expiry of his term after a forensic audit did not find major red flags regarding the bank’s non-performing assets, the Hindu BusinessLine reported citing sources.

Price as on 28 Oct, 2022 11:00 AM, Click on company names for their live prices.

Nykaa shares tank another 7% amid Wall Street tech rout. Is the worse behind?

Despite bullish target prices set by brokerages, shares of fashion and beauty products e-tailer FSN E-Commerce Ventures which runs Nykaa continued their downfall on Friday. The stock tanked 7% to slip below the Rs 1,000 mark for the first time and hit a record low of Rs 975.50. The new-age stock which nearly doubled on listing day on November 10 last year is now down about 62% from its 52-week high at Rs 2,574.

Nykaa shares tank another 7% amid Wall Street tech rout. Is the worse behind?

Uday kotak: Is the stock market a platform for fair price discovery and capital provider to the economy, or a casino roulette?

Indus Towers shares slump as Voda Idea woes hit Q2

Indus Towers shares fell over 3% on Friday morning on BSE, a day after the telecom tower company said it had made a provision of Rs 1,770.9 crore in the fiscal second quarter towards doubtful debt — a sharp 43% sequential rise — as the telecom infrastructure provider is yet to receive payment from a key customer. The customer is believed to be Vodafone Idea (Vi). Indus Towers shares subsequently traded at Rs 187.85, down 1.65% on the BSE.

WATCH: What to expect from Vedanta earnings?

Market live updates: Sensex extends gains, rises 300 points

Market live updates: Sensex extends gains, rises 300 points

SBI Cards and Payment Services reported a 52.4% jump in second-quarter profit on Thursday, as it issued more credit cards and Indians spent more going into the festive season.

Price as on 28 Oct, 2022 10:26 AM, Click on company names for their live prices.

Rupee gains 4 paise to 82.29 against US dollar

The rupee appreciated 4 paise to 82.29 against the US dollar in early trade on Friday, supported by a weak greenback in the overseas market and positive domestic equities. Fresh foreign capital infusion in capital markets also strengthened sentiment, forex traders said.At the interbank foreign exchange, the domestic unit opened weak at 82.39 against the dollar, then gained ground to quote at 82.29, registering a rise of 4 paise over its previous close.

Rupee gains 4 paise to 82.29 against US dollar

Elon Musk reacts after acquiring Twitter

Bitcoin holds $20,000; Shiba Inu & Cardano tank up to 5%

Bullish exhaustion has now managed two days of downsides,but each of them fizzled off once in the mid 17600s,suggesting that a swing higher is due. Upper range is seen as 17900 for now, but momentum for the 18100 move looks missing. Alternatively, inability to float above 17900 or an outright attack on 17700s could pave the way for 17400.

– Anand James – Chief Market Strategist at Geojit Financial Services

Tata Chemicals Ltd on Thursday reported a second-quarter profit that nearly tripled, helped by a strong performance in its basic chemistry products segment. That said, the stock tanked 4%.

Price as on 28 Oct, 2022 09:39 AM, Click on company names for their live prices.

The near-term market construct is clearly ‘advantage bulls.’ There are many factors going in favour of the bulls like strong Q3 GDP numbers (2.6%) in the US, easing recession fears, indications of declining inflation and expectations that Fed might pause rate hikes in Q1 of 2023. In India, even though valuations look high from the short- term perspective, there are favourable factors that can take the market higher. The important positive is the decline in US 10-year bond yield to below 4% which will persuade the FPIs to buy rather than sell in the near-term. The encouraging Q2 results will provide fodder to the bulls. Nifty is already up by 6% in October and the trend looks set to continue. The resilience of banking, select autos, capital goods and telecom might continue.

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Opening Movers

Price as on 28 Oct, 2022 09:28 AM, Click on company names for their live prices.

Opening Bell: Sensex gains 200 points, Nifty near 17,800; Tata Chem falls 4%, Nestle adds 1%

Opening Bell: Sensex gains 200 points, Nifty near 17,800; Tata Chem falls 4%, Nestle adds 1%

Pre-open session: Sensex down 10 points; Nifty below 17,760

INDIAN RUPEE OPENS UP 0.12% AT 82.3900 PER U.S. DOLLAR; PREVIOUS CLOSE 82.4900

INDIAN RUPEE OPENS UP 0.12% AT 82.3900 PER U.S. DOLLAR; PREVIOUS CLOSE 82.4900

Asian shares slip, yen steady ahead of Bank of Japan meeting

Asian equities edged lower on Friday as investors grappled with mixed earnings reports, while the Japanese yen held firm ahead of the Bank of Japan’s policy review. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.32%, set to snap a three-day winning streak. The index is down nearly 3% for the month and 30% for the year.

Quarterly earnings today

Maruti Suzuki, Vedanta, Dr. Reddy’s Laboratories, Tata Power Company, JSW Energy, Bandhan Bank, Blue Dart Express and Carborundum Universal are among companies that will announce their quarterly earnings today.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 49.5 points, or 0.28 per cent, higher at 17,852, signaling that Dalal Street was headed for a positive start on Friday.

Tech View: Nifty ends October series with an Inside Bar

As Nifty ended the monthly F&O expiry day 81 points higher, the headline index formed an Inside Bar on the daily scale. The hourly chart shows that the index is forming a distribution below the key Fibonacci retracement at 17,800 for the last couple of sessions, analysts said.

Tokyo stocks open lower with eyes on BoJ

Tokyo stocks opened lower on Friday following falls in US tech shares, with investors’ eyes on a policy decision from the Bank of Japan due later in the day. The benchmark Nikkei 225 index was down 0.92 percent, or 250.72 points, at 27,094.52 in early trade, while the broader Topix index was down 0.54 percent, or 10.26 points, at 1,895.30.

US stocks mixed

The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended with solid economic data and a mixed bag of corporate earnings.

Oil prices fall as dollar climbs

Oil prices fell in early trade on Friday on a stronger dollar, but were on track for a weekly gain on concerns about supply tightening with Europe’s pending cut-off of imports from Russia.

Rupee rises 48 paise to close at 82.33 against US dollar

The rupee appreciated 48 paise to close at 82.33 against the US dollar on Thursday as the greenback retreated from its elevated levels.

Sensex, Nifty on Thursday

The 30-share Sensex ended 213 points higher at 59,757, while its broader peer, Nifty50, ended above the 17,700 mark.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day





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