S&P BSE Sensex closes at 34,067.40 soars by 718.09 points or 2.15%. Where as Nifty 50 ends at 10,250.85 up by 220.85 points or 2.20%.

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Top 5 gainers on BSE Sensex are ICICI Bank ended at Rs 349.15 up by 10.82%, SBIN at Rs 268.05 up by 8.04%, Adani ports at Rs 326.60 up by 7.33%,L&T at Rs 1260.80 up by 7.33% and Axis Bank ends at Rs 564 up by 4.96%.

Top 5 losers on BSE Sensex are IndusInd Bank closed at Rs 1410.95 low by 2.36%,HDFC bank ends at Rs 1924 low by 1.95%, Kotak Bank ends at Rs 1137.55 low by 1.85%,Bharti Airtel at Rs 293.65 down by 1.56% and Hindustan Unilever ended at Rs 1552.05 low by 0.54%.

14:55 PM: S&P BSE Sensex trading at 33,924.51 up by 575.20 points or 1.72% at around 1453 hrs.

With the greenness in the Indian stock market S&P BSE Bankex Index is also trading positively currently trading at 27934.35 soars by 775.08 points or 2.85%.

But the eye catchy stocks on BSE Bankex are ICICI Bank trading at Rs 346.75 soars by 10.06%, Bank of Baroda at Rs 106.95 up by 8.14 %, SBIN at Rs 267.95 per piece up by 8%, PNB at Rs 70.90 up by 7.51% and Axis bank at Rs 563.65 grows by 4.89% at around 1452 hrs.

14:40 PM: S&P BSE Sensex trading at 33,823.35 up by 474.04 points or 1.42%, Nifty 50 is trading at 10,170.05 up by 140.05 points or 1.40% at around 1433 hrs. 

Top 5 gainers on BSE Sensex are ICICI Bank trading at Rs 346.35 up by 9.93%, SBIN at Rs 267.65 up by 7.82%, Adani ports at Rs 323.20 up by 6.21%, Axis Bank at Rs 563.50 up by 4.87% and LT 1250.75 up by 4.41% at around 1437 hrs.

Top 5 losers on BSE Sensex are Kotak Bank trading at Rs 1128.05 low by 2.67%, IndusInd Bank at Rs 1408.10 low by 2.56%, HDFC bank at Rs 1914.20 low by 2.45%, HDFC at Rs 1673.60 low by 1.63% and Bharti Airtel at Rs 293.60 down by 1.58% at around 1441 hrs.

14:00 PM:  Century Textiles result above the expectations, Profit of Rs 286 crore of Q2FY19.

13:30 PM: Tata Power result of Q2FY19 above the expectations.

13:00 PM: There was immense uptrend in private lender Axis Bank share price, so much so, that it was among top performers on Sensex. Currently, the stock price is trading at Rs 569.45 up by Rs 31.65 per piece or 5.89% at around 13 hrs.The reason behind the rise was on due to execution stake sale in commodity services provider NSDL. 

12:30 AM:  BSE Sensex above 400 points.

12:20 AM: Vijaya Bank result of Q2FY19 above the expectations.

12:00 AM: ICICI Bank stocks rises further by 9%.

11:15 AM: Yellow and white metal rose today, Gold price today in mumbai for 24 carat is Rs 33,310 (10 grams) and 22 carat is for  Rs 31,260 (10 grams); where as In Delhi 24 carat is at Rs 32,910 (10 grams) and 22 carat is for  Rs 31,160 (10 grams).

Silver is at Rs 41300 per Kg in mumbai and same in Delhi.

10:30 AM: Today’s trading session began on a very positive note for private lender ICICI Bank, as the bank was the top performer on stock exchanges. This was on the back of Q2FY19 result, where ICICI Bank turned from loss to profit, and lowered its provisions despite rise in gross NPA. This would also be first result of ICICI Bank without iconic chief Chanda Kochhar who had a controversial exit from the lender this month. At around 1017 hours, the share price of ICICI Bank was trading at Rs 341.10 per piece up by Rs 26.05 or 8.27% on Sensex. However, the bank has touched an intraday high of Rs 342.10 per piece resulting in nearly 9% gain in just few minutes of market opening hours. 

Darpin Shah analysts at HDFC Securities said, “Lower interest rate reversals and credit costs, improving margins and steady business growth cause us to improve our RoAA estimates to 1.4% over FY18- 21E. Maintain BUY with a TP of Rs 418 (2.0x Sept-20 core ABV of Rs 158 and sub-value of Rs 103).”

After the results the Bank's share rose up by 6.07% immediately at around 1005 hrs. 

10:00 AM: DivisLab share rose upto 13% after the Q2FY19 results. 

09:30 AM: Petrol price on the first day of the week in Mumbai is Rs 77.40 per ltr low by 0.21 paisa from the previous close, Where as petrol price in New Delhi per ltr is Rs 73.85 low by 0.2 paise.

09:15 AM: BSE Sensex and Nifty opens in green!

09:00 AM: Stocks in focus today.

Zee Business's Managing Editor Anil Singhvi's Market Strategy for October 29: 

10,000 and 24,500 are going to be the deciding levels on Nifty and BankNifty respectively. 

The small trading range on Nifty stands at 10,000-10,125 while the bigger and extreme ranges lie between the mark of 9,950-10,200 and 9,900-10,250 respectively.

In the case of BankNifty, the small trading range stands at 24,350-24,700 while the bigger and extreme ranges lie between the mark of 24,200-24,800  and 24,000-25,000 respectively. 

Check Zee Business Tweet Below

Traders can go for a short cover if the two indices, Nifty and BankNifty close above the mark of 10,250 and 25,075 respectively. 
 
Buy and Sell Strategy on Nifty 

Buy Nifty in 9,950-10,000 range with a stop loss of 9,900 and target of 10,125-10,150-10,225. 

Sell Nifty in 10,200-10,225 range with a stop loss of 10,250 and target of 10,150-10,125. 

Buy and Sell Strategy on BankNifty 

Buy BankNifty with a stop loss of 24,350 and target of 24,700-24,800-24,900.  

Sell BankNifty in 24,800-24,900 range with a with a stop loss of 25,000 and target of 24,700-24,500. 

Check Zee Business TV Video Below

Already In F&O ban: Adani Power
Put-call ratio (PCR) stands at 1.44 and the volatility index (VIX) is 19.23. 

Sectors:

Positive: Private Banks, Textiles

Negative: Aviation

Result Analysis:

Buy ICICI Bank Futures: Stop loss 310 and target 330. Stable asset quality, lower provisioning. 
Buy Nestle Futures: Stop loss 9500 and target 9750, 9900. Strong volume growth, better margins and a positive outlook.

Buy Divi's Lab Futures: Stop loss 1240 target 1300-1320. Strong performance on all parameters. 

Stock of the Day:
Buy Arvind Futures: Stop loss 315, and target 333, 342. Demerger to unlock value, Fair value near 500.