sensex today live: Share Market Today LIVE Updates: Closing Bell: Sensex surges 479 pts after 3-day break; Nifty ends above 17,100; Axis Bank jumps 3%, NTPC 2% – Economic Times

Stock Market Today Live: Indian shares opened higher on Wednesday, as a fall in global oil prices boosted sentiment, while investors awaited domestic retail inflation data and quarterly earnings results from IT firm Wipro later in the day.India, the world’s third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation.The NSE Nifty 50 index rose 0.21% to 17,020 as of 0347 GMT, and the S&P BSE Sensex was up 0.1% to 57,206.47. On Tuesday, both the indexes had closed at a one-week low – marking their third straight session of losses – on the back of risk aversion globally.

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Closing Bell: Sensex surges 479 pts after 3-day break; Nifty ends above 17,100; Axis Bank jumps 3%, NTPC 2%

Closing Bell: Sensex surges 479 pts after 3-day break; Nifty ends above 17,100; Axis Bank jumps 3%, NTPC 2%

Gold falls Rs 20; silver declines Rs 473

Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,175 per 10 grams.
Silver also declined by Rs 473 to Rs 58,169 per kg from Rs 58,642 per kg.

In the international market, gold was trading flat at USD 1,669.5 per ounce while silver was down at USD 19.18 per ounce.

Gold falls Rs 20; silver declines Rs 473

Sensex Heatmap: Top gainers & losers at this hour

Sensex Heatmap: Top gainers & losers at this hour

Most active stocks in afternoon session

Price as on 12 Oct, 2022 02:58 PM, Click on company names for their live prices.

Sonata Software signs business transformation CRM project and partnership with Ireland based eir evo, a telecommunications and ICT solutions provider,

Price as on 12 Oct, 2022 02:09 PM, Click on company names for their live prices.

IDFC rallies more than 5% to hit a 52-week high

Price as on 12 Oct, 2022 01:50 PM, Click on company names for their live prices.

Genesys International bags order worth INR 46 crores for Land Titling Project by the Andhra Pradesh Government.

Price as on 12 Oct, 2022 01:42 PM, Click on company names for their live prices.

Indian craft beer brand Bira 91 has acquired India’s largest alcobev chain “The Beer Cafe” in an all-stock deal

European shares fall on earnings jitters, Credit Suisse slides on U.S. probe report

European shares slipped again on Wednesday as a batch of mixed earnings reports heightened worries about the impact of tighter monetary policies and soaring inflation on corporate profits.

The pan-European STOXX 600 index fell 0.2% by 0706 GMT––its sixth consecutive session of losses––with real estate and banks leading the sectoral decline.

Japan shares close flat as tech offsets travel boost

Japanese stocks ended flat after a bumpy trading session on Wednesday, with sliding tech companies countering gains in travel-related firms in a market that lacked direction ahead of this week’s key U.S. inflation data.

The Nikkei share average opened down 0.18% and swung between losses and gains throughout the day, before closing down 0.02% at 26,396.83. The broader Topix lost 0.12%.

The biggest loser on the Nikkei was semiconductor equipment maker Tokyo Electron Ltd, which fell 4.39% amid ongoing struggles in the chips industry. The Philadelphia semiconductor index has declined for four straight sessions.

Japan shares close flat as tech offsets travel boost

10-year bond yield falls 5 bps to 7.37%

Kotak Mahindra Life on course to grow above industry consistently; registers 27 pc growth in first 6-months of FY23

Kotak Mahindra Life is on course to grow above the industry consistently and has registered a 27 per cent growth in the first six months of this fiscal, as against the industry growth of 21 per cent, its managing director Mahesh Balasubramanian has said. Pre-pandemic, the Uday Kotak-controlled life insurer, which unlike most of its peers doesn’t have a foreign partner, having bought back the 26 per cent held by Old Mutual in 2017, had a paltry 2 per cent market share among private sector insurers, and it fell further to 1.6 per cent in the first half of this fiscal.(Source: PTI)

Tracxn Technologies IPO subscribed 78% on day 3, last day to bid for issue

The initial public offering (IPO) of Tracxn Technologies (TTL) continued to be on the sidelines, struggling to get response from the investors. It was subscribed only 54 per cent by the end of the second day.The issue kicked off for subscription on Monday, October 10 and will close for subscription on Wednesday, October 12. The company is selling its shares in the range of Rs 75-80 apiece to raise about Rs 310 crore via its initial stake sale.

Tracxn Technologies IPO subscribed 78% on day 3, last day to bid for issue

Shares of IT services provider HCL Tech rose as much as 2.7% to Rs 964 in intra-day trade on Wednesday, ahead of second-quarter results later in the day.

Price as on 12 Oct, 2022 11:39 AM, Click on company names for their live prices.

Hinanshu Mody, CFO of Suzlon Energy in conversation with ETNOW on company’s first day of rights issue

Adani Data Networks gets licence for full fledge telecom services

Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources.Adani Group entered the telecom sector after buying spectrum in the recent auction.

Adani Data Networks gets licence for full fledge telecom services

Crypto Price Today Live: Bitcoin barely holds $19k; Dogecoin rises 3%, XRP & Solana drop

Suzlon Energy secured an order of 144.9 MW from Aditya Birla Group to supply 69 units of wind turbine generators in Gujarat and in Madhya Pradesh.

Price as on 12 Oct, 2022 10:49 AM, Click on company names for their live prices.

Shares of Marksans Pharma rallied as much as 12 per during the early trade on Wednesday as the company is set to acquire a bulk pharmaceutical formulations facility from Tevapharm.

Price as on 12 Oct, 2022 10:44 AM, Click on company names for their live prices.

Top gainers & losers in morning trade

Price as on 12 Oct, 2022 10:28 AM, Click on company names for their live prices.

Oil prices fall as dollar gains, U.S. inflation data in spotlight

Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data, while global recession risks and tightening COVID-19 curbs in China triggered worries about fuel demand

Brent crude futures fell 46 cents, or 0.5%, to $93.83 a barrel by 0410 GMT. U.S. West Texas Intermediate crude was at $88.81 a barrel, down 54 cents, or 0.6%.

Both benchmarks fell 2% in the previous session.

The greenback rose to a fresh 24-year high against the yen on Wednesday on concerns about inflation and the pace of U.S. rate hikes. A stronger dollar makes dollar-denominated commodities more expensive for holders of other currencies and tends to weigh on oil and other risk assets.
(Source: Reuters)

Oil prices fall as dollar gains, U.S. inflation data in spotlight

Gold range-bound as investors brace for Fed minutes, inflation data

Gold prices traded in a narrow range on Wednesday as investors looked for more clues on the pace of U.S. monetary tightening from Federal Reserve minutes and inflation data due this week.

Spot gold fell 0.1% to $1,662.98 per ounce, as of 0343 GMT, hovering close to a one-week low touched on Tuesday. U.S. gold futures were down 0.9% at $1,671.00.

Investors are awaiting the release of minutes from the Fed’s September meeting, at 1800 GMT. Focus is also on the inflation reading due on Thursday, which could shine some light on the Fed’s rate-hike trajectory.

Gold range-bound as investors brace for Fed minutes, inflation data

Opening Movers

Price as on 12 Oct, 2022 09:37 AM, Click on company names for their live prices.

Nifty opens above 17000 to trade above 200 DMA once again-Nifty snaps 3 day losing streak; gains over 30 points-Flat start for Nifty Bank; Continues to trade below 50 DM

All broad market indices, barring Nifty midcap 50 and Nifty midcap select, open in green

All broad market indices, barring Nifty midcap 50 and Nifty midcap select, open in green

Opening Bell: Sensex jumps over 150 pts; Nifty tops 17K; HCL Tech up 2% ahead of Q2 results, PowerGrid 1%

Opening Bell: Sensex jumps over 150 pts; Nifty tops 17K; HCL Tech up 2% ahead of Q2 results, PowerGrid 1%

Pre-open session: Sensex rise over 90 points; Nifty above 16,990

Asian stocks stall amid global volatility

Asian stocks stayed at two-year lows on Wednesday, after a strengthening U.S. dollar, instability in the U.K. bond market, and forthcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors.

Quarterly earnings today

HCL Technologies, Wipro, National Standard, Sterling and Wilson Renewable Energy, NXTDigital, Mangalam Industrial Finance and Standard Capital Markets are among companies that will announce their quarterly earnings today.

SGX Nifty signals a positive start

Nifty futures on the Singapore Exchange traded 50.5 points, or 0.30 per cent, higher at 16,990.5, signaling that Dalal Street was headed for a positive start on Wednesday.

Tech View: Nifty charts hint at more trouble ahead

After plunging over 250 points to give up the 17,000 mark on Tuesday, Nifty formed a long bearish candle on the daily chart. The lower high formation on intraday charts indicated further weakness from the current levels.

Tokyo stocks open lower after mixed US close

Tokyo stocks opened lower on Wednesday after a mixed close on Wall Street following the IMF’s downcast economic outlook, with investors remaining cautious about the impact of inflation. The benchmark Nikkei 225 index was down 0.08 percent, or 21.21 points, at 26,380.04 in early trade, while the broader Topix index slipped 0.16 percent, or 2.93 points, to 1,868.31.

S&P 500, Nasdaq end lower; BoE comments add to market jitters

The S&P 500 and Nasdaq ended lower on Tuesday, with indications from the Bank of England that it would support the country’s bond market for just three more days adding to market jitters.

Oil prices extend decline on recession fears, China COVID curbs

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China.

Rupee darts up 19 paise to 82.21 against US dollar

The rupee rebounded from its all-time low to close 19 paise higher at 82.21 against the US dollar on Tuesday amid softening crude oil prices.

Sensex, Nifty on Tuesday

The BSE Sensex fell 844 points to end at 57,147. Its broader peer, Nifty50, ended at 16,983, down 257 points.

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

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