Stock Market Highlights: Nifty forms long bear candle. What traders should do on Thursday
06:21:19 PM IST, 25 October 2023
TECH VIEW | Nifty forms long bear candle. What traders should do on Thursday
Nifty on Wednesday ended 160 points lower to form a long bear candle on the daily chart and move below the key support at the 20-week EMA.The short-term trend of Nifty continues to be negative. Having placed the long-term support at the lows, there is a possibility of a small upside bounce from near 19,100-19,000 levels. A breakdown of 19,000 is likely to open the next downside of 18,600 levels in the near term. Any upside bounce from here could find strong resistance around 19,250-19,350 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
04:06:56 PM IST, 25 October 2023
Axis Bank Q2 Results: PAT at Rs 5863cr vs ET NOW poll of Rs 5800 cr
NII: Rs 12,315 cr vs ET NOW poll of Rs 12,000 cr
Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate scenario would continue slowing future growth. However, a positive strategy is evident on large-cap stocks, amid growing geopolitical worries and valuation concerns in mid- and small-cap stocks, as overall earnings growth is being sustained.
– Vinod Nair, Head of Research at Geojit Financial Services.
03:39:39 PM IST, 25 October 2023
Rupee falls 2 paise to close at 83.18 (provisional) against US dollar.
03:38:41 PM IST, 25 October 2023
Top gainers & losers in closing trade
03:35:33 PM IST, 25 October 2023
Closing Bell: Infy, banks drag Sensex 523 points lower; Nifty below 19,150; Welspun India soars 9%, Adani Ent drops 2%
03:21:16 PM IST, 25 October 2023
Stock Market LIVE Updates: JIO FINANCIAL IN FOCUS | Latest shareholding data shows promoter added 6.1 crore shares since listing in Aug
03:12:49 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: GMR Airports and its affiliates will buy 11% stake in GMR Hyderabad International Airport from Malaysia Airports Holding Berhad unit, the company said in a statement on Wednesday.
03:10:58 PM IST, 25 October 2023
Sebi orders defreezing of bank, demat accounts, MF folios of Rana Kapoor
The markets regulator, in July, sent a notice to Kapoor asking him to pay Rs 2.22 crore in a case of misselling the private sector lender’s Additional Tier-1 (AT1) bonds and warned of arrest and attachment of assets as well as bank accounts if he fails to make the payment within 15 days.
03:09:45 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Shanthi Gears PAT rises to Rs 21 crore from Rs 16.6 crore YoY
02:47:35 PM IST, 25 October 2023
Stock Market LIVE Updates: UK stocks mixed as weak earnings cloud mining gains
The benchmark FTSE 100 index edged 0.1% higher at 0851 GMT.
The mid-cap index FTSE 250 fell 0.9% and hovered around one-year lows after plastic and packaging component supplier Essentra dropped 8.0% to 14-year lows.
The company tempered its annual operating profit outlook, citing destocking pressures in North America and slow recovery in China.
Industrial metal miners added 1.8% and were top sectoral gainers, as copper prices rose on China’s decision to roll out fresh stimulus measures.
The Indian market is currently undergoing a notable correction, and even the previously outperforming broader market segments are now witnessing profit-taking, which many had anticipated. This correction is considered a routine occurrence within the framework of a structural bull market, characterized by a significant retreat following a period of exuberance in midcap, smallcap, and SME sectors. This adjustment can be attributed, in part, to fluctuations in US bond yields and concerns surrounding the situation in Iraq, though these factors are largely seen as convenient excuses for the market’s pullback.Nonetheless, the market appears to be entering a phase of consolidation in preparation for the pre-election rally. Historically, Indian markets tend to initiate their pre-election upswings approximately six months prior to the election outcome. As such, it’s reasonable to anticipate the beginning of a pre-election rally around the time of Diwali.In terms of market behavior, further correction could be expected, with the Nifty potentially testing its 200-day moving average (DMA) at around 18,800. This could present an attractive buying opportunity for investors looking to participate in the anticipated pre-election rally. It’s important for investors to remain composed and avoid panicking during these market fluctuations. Instead, they should be prepared with a list of high-quality stocks to capitalize on this dip.
– Santosh Meena, Head of Research, Swastika Investmart Ltd
02:37:02 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Welspun Living Q2 profit surges multi-fold on higher demand for home linens
Rising demand among urban consumers and a reduction in inventory have helped profitability at home textile companies, analysts said. Meanwhile, freight charges correcting to pre-pandemic levels also helped the company’s margins, Welspun said.
02:35:34 PM IST, 25 October 2023
Commodity Update | Silver futures decline to Rs 71,680 per kg
Silver futures on Wednesday fell Rs 106 to Rs 71,680 per kilogram as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for December delivery declined by Rs 106 or 0.15 per cent to Rs 71,680 per kg in a business turnover of 18,636 lots. Globally, silver was trading 0.44 per cent lower at USD 23.02 per ounce in New York. (Source: PTI)
02:26:29 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: 97.3 lakh shares of AB Fashion change hands via block deal
02:25:52 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: 5 stocks from retail pack fall up to 3%
01:50:53 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Bharat Wire Ropes Q2 Profit at Rs 24.45 crore vs Rs 15.36 crore YoY; stock down 5%
01:33:42 PM IST, 25 October 2023
Crypto Price Today: Bitcoin holds above $34,000; Chainlink jumps over 12%
The ticker for BlackRock’s BLK spot bitcoin ETF – IBTC – was removed from the Depository Trust & Clearing Corporation’s website earlier.
Meanwhile, the global cryptocurrency market cap surged 0.48% to around $1.26 trillion in the last 24 hours. Bitcoin was up 0.73% at $34,139 as of 12:33 p.m., while its largest peer, Ethereum, fell 1.2% to below the $ 1,800 level.
01:09:46 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Adani Gas, Campus Activewear among top NSE 500 stocks that hit 52-week low today
12:57:44 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Infy, banks drag Sensex 600 points lower
12:47:49 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Sensex extends slide, falls 400 points
12:46:42 PM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Network18 Media & Investments Q2 loss widens to Rs 60.99 crore vs loss of Rs 36.49 crore YoY
12:45:30 PM IST, 25 October 2023
JSW Energy, Kalpataru Power among top losers at this hour
12:33:42 PM IST, 25 October 2023
Stock Market LIVE Updates: Nifty slips below 19,200
12:18:16 PM IST, 25 October 2023
Stock Market LIVE Updates | Japan’s Nikkei gains for 2nd day on Wall Street rise, China stimulus
The Nikkei ended the day up 0.67% at 31,269.92, but couldn’t maintain the momentum from the morning session when it rose 1.3% to 31,466.92, the strongest level since Thursday.
12:08:51 PM IST, 25 October 2023
Oil dips as economic concerns offset Middle East supply worries
Brent crude futures dropped 28 cents, or 0.3%, to $87.79 a barrel as of 0627 GMT, while U.S. West Texas Intermediate crude futures were down 31 cents, or 0.4%, to $83.43 a barrel.
11:35:42 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: TV18 Broadcast Q2 loss at Rs 28.92 crore vs profit of Rs 5.69 crore YoY; revenue at Rs 1794 crore vs Rs 1473 crore YoY
11:33:00 AM IST, 25 October 2023
India serves tax notices worth 1 trln rupees to online gaming companies -govt source
Indian tax authorities have served notices worth about 1 trillion rupees ($12.03 billion) to online gaming companies, a government source said on Wednesday, speaking on condition of anonymity.
11:13:51 AM IST, 25 October 2023
Stock Market Live Updates | Vodafone Idea likely to receive capital infusion soon: ET NOW
11:04:42 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Infosys, TCS among top losers from IT software pack
11:00:42 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Shares of Mahindra Logistics fell 6% to hit a 52-week low at Rs 347 in Wednesday’s trade on BSE after the firm reported a net loss of Rs 15.5 crore for the second quarter that ended September 30, 2023. In the corresponding quarter last year, it posted a net profit of Rs 11.9 crore.
10:54:49 AM IST, 25 October 2023
Stock Market LIVE Updates | GLOBAL MARKETS | Asian stocks recover on China spending plans; inflation jolts Aussie
MSCI’s broadest index of Asia-Pacific shares outside Japan , which hit its lowest since last November on Tuesday, rose 0.6% and the Hang Seng climbed more than 1%. Japan’s Nikkei rose 1.2%.
10:47:15 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | BHEL appoints Anil Joshi as Executive Director (IS) of Industry Sector
10:24:51 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Gensol Engineering bags Rs 302-cr contract from Mahagenco; stock jumps 5%
10:19:27 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | TVS Motor, Ion Mobility announce collaboration through project dynamo in Indonesia.
09:51:28 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Zydus Lifesciences initiates Phase II clinical trial of ZYIL1; trial will assess safety and efficacy of ZYIL1 in amyotrophic lateral sclerosis patients
09:37:49 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Shares of NDTV fell over 3% as the firm reported a 51% decline in net profit in September quarter results.
09:34:34 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | Mahindra Logistics opened 6% lower as the firm reported a Rs 15 crore net loss in Q2 FY24.
09:29:21 AM IST, 25 October 2023
Sensex Today | Stock Market Live Updates: Sensex erases opening gains, slips into the red
09:26:52 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: John Cockerill India gets contract worth Rs 280 crore
09:25:58 AM IST, 25 October 2023
Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
The uncertainties associated with the Israel-Hamas conflict will continue to weigh on markets in the near-term. Positive news like decline in the US bond yields and weakening crude can help the market to revive but it may not sustain given the uncertainty surrounding the West Asian conflict. Investors may opt for a cautious approach to the market till some clarity emerges on the geopolitical situation.An important feature of the near-term market is the weakness of the broader market. On Monday when the Nifty corrected by 1.3 percent, Nifty Smallcap crashed by 3.9 percent. Since the valuations in mid and small cap space is higher than that of large caps, this weakness is likely to persist. Safety is now in large caps particularly in banking majors which are fairly valued.
09:22:51 AM IST, 25 October 2023
FOREX NEWS | Rupee rises 7 paise to 83.09 against US dollar in early trade.
09:22:07 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates | SJVN, IOB among most active stocks in morning trade
09:19:58 AM IST, 25 October 2023
Opening Bell: Sensex rises 150 points, Nifty above 19,300; Delta Corp surges 7%, NDTV falls 3%
09:10:46 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex rises 40 points; Nifty above 19,285
Nifty made a modest 47-point gain, closing at 19,310, but market sentiment remained largely pessimistic on Dalal Street due to ongoing concerns about lackluster corporate earnings in India, compounded by the looming threats of inflation, economic downturn, and rising interest rates. The recommended trading approach for Nifty and Bank Nifty involved cautious buying on specific dips with predefined stop levels and varied target points. The short-term direction of Nifty hinged on updates from the Middle East and US inflation data. Some relief was found in sluggish oil prices and steady US yields, although market volatility was expected to persist, driven by the expiration of F&O October derivative contracts and substantial foreign institutional investor (FII) selling in excess of Rs. 15,000 crores this October. From a technical perspective, Nifty remained below the rising trendline since March 2023, with downside risks seen around 19,221. Similarly, Bank Nifty fell below the ascending trendline since June 2022, with aggressive downside risks noted near 41,500. The options data indicated a potential trading range for Nifty and significant Call and Put writing at various strike prices, with the 19,600 mark emerging as a key resistance zone, while the Volatility Index hovered around 10.90. Additionally, the day marked the release of Q2 results from notable companies, including Axis Bank, Tech Mahindra, Indus Towers, Jubilant Food Works, Rallis India, and Sonata Software.
– Prashanth Tapse, Senior VP (Research), Mehta Equities
08:09:25 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Dollar bounces, euro heavy on US/euro zone growth outlook divergence
The dollar was on the front foot on Wednesday, drawing support from yet another resilient U.S. economic data reading, while the euro struggled to make headway on the back of a darkening growth outlook in the bloc.
08:09:35 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Gold firms as US bond yields slip with focus on Middle East
Gold prices climbed on Wednesday on softer U.S. Treasury yields, but lacked impetus to move higher as bullion’s safe-haven demand showed signs of fatigue after global leaders sought to prevent the Israel-Hamas war from spreading.
08:09:42 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Asian stocks bounce on China spending plans; inflation jolts Aussie
China led Asia’s stock markets higher on Wednesday as investors cheered the approval of a trillion-yuan sovereign bond issue as a harbinger of stimulus, while the Aussie dollar hit a two-week high as hotter-than-expected inflation lifted rate forecasts.
07:28:45 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Quarterly earnings today
Axis Bank, Tech Mahindra, Jubilant Food and a slew of other companies will announce their second quarter results today.
07:28:52 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a negative start
GIFT Nifty on the NSE IX traded lower by 21 points, or 0.11 per cent, at 19303, signaling that Dalal Street was headed for negative start on Wednesday.
07:29:21 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Tech View: Nifty breaks below 100-DMA
Nifty today ended 261 points lower to fall below its 100-DMA and form a long bear candle on the daily chart.
07:29:30 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Rupee falls 4 paise against USD amid strengthening US bond yields
The rupee dropped 4 paise to 83.16 against the US dollar on Monday due to sharp losses in local stocks and US bond yields surging to 5 per cent.
07:29:43 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Tokyo stocks open higher
Tokyo stocks opened higher on Wednesday as investors took heart from rallies on Wall Street after strong US corporate earnings.The benchmark Nikkei 225 index rose 0.73 percent, or 226.95 points, to 31,289.30 in early trade, while the broader Topix index added 0.67 percent, or 14.94 points, to 2,255.67.
07:30:03 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Wall Street surges to close higher, powered by upbeat earnings, guidance
Wall Street ended higher on Tuesday as a spate of solid corporate earnings and upbeat forecasts stoked investor risk appetite and sparked a broad rally.
07:30:12 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Oil nearly flat as macroeconomic concerns contend with tighter US supply
Oil prices were nearly flat on Wednesday as signs of tighter U.S. supplies countered economic data that dampened the outlook for energy demand. Brent crude futures edged higher 2 cents to $88.09 a barrel as of 0003 GMT, while U.S. West Texas Intermediate crude futures dipped 5 cents to $83.69 a barrel.
07:30:20 AM IST, 25 October 2023
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty on Monday
The 30-share BSE benchmark Sensex fell 826 points or 1.26% to settle at 64,572. The broader NSE Nifty plunged 261 points or 1.34% to end at 19,282.
