Highlights! Stock Market News Today: Sensex gains over 150 points, Nifty50 settles above 17300 at close – IT, Metals lead the surge
Stock Market Live Updates: The domestic markets concluded Thursday’s session on a higher note, continuing their winning streak for the second straight session on the back of positive global cues. The BSE Sensex surged over 150 points and Nifty50 ended above the 17300-mark at the market close.
At market close, the BSE Sensex was up 157 points or 0.27 per cent to 58,222 while Nifty50 was up by 57 points or 33 per cent to 17,331 levels on Thursday. Outperforming the benchmark indices, the broader markets such as the Nifty mid and small cap were up around 1 per cent each at the close.
As many as 29 stocks advanced and 21 declined on Nifty50 at the close. Metal stocks such as JSW Steel, and Hindalco were the top two Nifty gainers, up between 4-5 per cent, followed by Tata Steel, other top gainers were – HCL Tech, Coal India, ICICI Bank, Infosys, and L&T.
On the contrary, FMCG stocks were among the top losers such as HUL and Britannia along with Bharti Airtel, HUL, HDFC, IndusInd Bank, and SBI Life during today’s positive session.
Stock Market Live Updates: The domestic markets concluded Thursday’s session on a higher note, continuing their winning streak for the second straight session on the back of positive global cues. The BSE Sensex surged over 150 points and Nifty50 ended above the 17300-mark at the market close.
At market close, the BSE Sensex was up 157 points or 0.27 per cent to 58,222 while Nifty50 was up by 57 points or 33 per cent to 17,331 levels on Thursday. Outperforming the benchmark indices, the broader markets such as the Nifty mid and small cap were up around 1 per cent each at the close.
As many as 29 stocks advanced and 21 declined on Nifty50 at the close. Metal stocks such as JSW Steel, and Hindalco were the top two Nifty gainers, up between 4-5 per cent, followed by Tata Steel, other top gainers were – HCL Tech, Coal India, ICICI Bank, Infosys, and L&T.
On the contrary, FMCG stocks were among the top losers such as HUL and Britannia along with Bharti Airtel, HUL, HDFC, IndusInd Bank, and SBI Life during today’s positive session.
Latest Updates
Closing Bell: Sensex, Nifty Extend Gain For 2nd Day
Metal Stocks In Focus
The stock market on Thursday edged higher with metal stocks rallying the most. The nifty Metal index advanced nearly 3 per cent with Tata Steel, APL Apollo Tubes, JSW Steel, Welspun Corp and Vedanta advancing the most. Full Report
Aviation Stocks Gain Up To 9% - Here’s Why?
Aviation stocks -- SpiceJet, IndiGo and Jet Airways, gained up to 9 per cent on Thursday after the government raised loan limit to Rs 1,500 crore for the aviation sector to tide over stress. Full Report
Market Update: Sensex, Nifty Extend Gain
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Zee Business Managing Editor Anil Singhvi said, “one can apply for big listing gains”; Further, adding that he would not advise people to invest for the long term. He is of the view that investors should apply for this IPO with the sole intention of making some listing gains. Full Report
Electronics Mart India IPO Day 2 Subscription Status
Electronics Mart India's public offer was subscribed over 2.5 times on the second day of an offer on Thursday at around 10:57 PM as per the data available on the exchanges. The offer shall be active between 4-7 October 2022. Full Report
M&M Financial, IDFC First Bank and Suven Pharma shares: Buy, Sell Or Hold?
Shares of Mahindra and Mahindra Financial Services were trading flat with a positive bias, IDFC First Bank was up nearly 2.5 per cent and Suven Pharmaceuticals was up marginally by around 0.5 per cent in the early morning trade on Thursday. Full Report
Stock Market Triggers: Q2FY23 Preview
In a stable environment, markets will respond to Q2 results which will start flowing in from October 10th onwards. Financials, particularly leading banks, leading NBFCs and fintech companies, and automobiles particularly CV, PV, tractors, and high-end motorcycle manufacturers will post good results. IT results are likely to be good but the market response will depend on the management commentary. In other segments telecom, capital goods, select FMCG and construction-related segments are likely to post good numbers.
- Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Stock Market Top Gainers And Losers On 06 Oct
Almost all sectoral indices were gaining in the early morning trade. Metal gained most by over 1 per cent, followed by Auto up around 1 per cent. Most Nifty50 stocks were in the green minutes after the market open today – Hindalco, JSW Steel, HCL Tech, Larsen and Toubro were among the top gainers, while Bajaj Finance, Cipla, HUL, HDFC were among the losers on Thursday.
Pre-Open: Sensex, Nifty Trade Higher
The domestic equity market extended gain during the pre-open session on Thursday amid good global cues. The Nifty50 surged above 17,300 and the Sensex jumped around 250 points.
Anil Singhvi's Strategy On 06 October
Zee Business Managing Editor Anil Singhvi said that the short-term trend of the Indian market will remain positive on Thursday, October 06, 2022, amid positive global markets, positive foreign institutional investors (FIIs), positive domestic institutional investors (DIIs), neutral future and options, and positive sentiment. Full Report
#MarketStrategy | निफ्टी और बैंक निफ्टी पर अनिल सिंघवी की दमदार स्ट्रैटेजी
#Nifty #BankNifty @AnilSinghvi_ | #ZeeBusiness | #StockMarket
देखिए #ZeeBusiness LIVE यहां https://t.co/yCTjhJSxBh pic.twitter.com/eUZRGyVPcd
— Zee Business (@ZeeBusiness) October 6, 2022
Stocks To Buy Today: IRCTC, ONGC, Hero Moto Among Other 20 Stocks
From cash, techno, and F&O space, Zee Business brings you a list of 20 stocks that have been picked keeping in view investors' short-to-long term requirements. The list also comprises intraday calls for good returns on a given day. Full Report
Sugar Stocks In Focus
India emerges as the world’s largest producer and consumer of sugar and world’s second largest exporter of sugar. Food Ministry says sugar mills/distilleries generated Rs 18,000 crore from the sale of ethanol.
— Zee Business (@ZeeBusiness) October 6, 2022
SGX Nifty On October 6
Hinting at a gap-up opening for the Indian market, the SGX Nifty gained by 0.5 per cent or 90 points to trade above 17400 in the early session on the Singaporean exchange on Thursday.
OPEC+ Decides To Cut Production – VIDEO
OPEC+ announced a cut of lakh barrels per day. How will it affect the Commodity Market and Equity Market? How would it impact the price of Crude Oil? Know the complete analysis from the market expert Ajay Bagga.
OPEC+ का लाख बैरल प्रति दिन कटौती का ऐलान...#CommodityMarket और इक्विटी मार्केट पर कैसा होगा असर?#CrudeOil की कीमत और कितनी बढ़ेगी?
जानिए पूरा एनालिसिस एलिमेंट प्लेटफॉर्म्स के चेयरमैन और मार्केट एक्सपर्ट अजय बग्गा से...@Ajay_Bagga @Neha_1007 #GlobalMarkets pic.twitter.com/NFwVnVcS70
— Zee Business (@ZeeBusiness) October 6, 2022