Markets extend rally for 4th straight day; Sensex jumps 150 points, Nifty defends 17500
Indian shares ended trade with gains but off from Wednesday's highs as investors took to profit-booking at higher levels. The benchmark 30-share BSE Sensex closed at 59,107, rising 146 points, while the broader 50-share NSE Nifty50 held the crucial 17,500 support, ending at 17,512 with a 25 points gain. Indices were supported by buying in oil and gas, financial services and FMCG stocks while selling in IT, metal and PSU bank stocks offset the gains. Among shares, Nestle India, ITC and HDFC Ltd were top gainers, while JSW Steel, NTPC, Bajaj Finserv and SBI were among the top laggards on Nifty. Among sectors, oil and gas and FMCG surged the most while IT and metal ended in the red. Broader markets also had a volatile session with Nifty Midcap 100 and Smallcap 100 settling with a quarter per cent gains. Meanwhile, the Indian Rupee plunged by 61 paise to dip below 83 mark for the first time. It closed at a record low of 83.01 (provisional) against the US dollar.
Indian shares ended trade with gains but off from Wednesday's highs as investors took to profit-booking at higher levels. The benchmark 30-share BSE Sensex closed at 59,107, rising 146 points, while the broader 50-share NSE Nifty50 held the crucial 17,500 support, ending at 17,512 with a 25 points gain. Indices were supported by buying in oil and gas, financial services and FMCG stocks while selling in IT, metal and PSU bank stocks offset the gains. Among shares, Nestle India, ITC and HDFC Ltd were top gainers, while JSW Steel, NTPC, Bajaj Finserv and SBI were among the top laggards on Nifty. Among sectors, oil and gas and FMCG surged the most while IT and metal ended in the red. Broader markets also had a volatile session with Nifty Midcap 100 and Smallcap 100 settling with a quarter per cent gains. Meanwhile, the Indian Rupee plunged by 61 paise to dip below 83 mark for the first time. It closed at a record low of 83.01 (provisional) against the US dollar.
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Markets extend rally for 4th straight day
Stock market on Wednesday extended the rally for the fourth straight day. While Sensex jumped over 150 points to end close to 59100, Nifty defended 17500.
Spicejet shares gain
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UltraTech Result
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Rupee hits new low
UltraTech Cement Q2 results
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KPIT Tech Results
Net Sales at Rs 357.57 crore in September 2022 up 23.09% from Rs. 290.50 crore in September 2021.
Quarterly Net Profit at Rs. 65.82 crore in September 2022 up 25.53% from Rs. 52.43 crore in September 2021.
Nifty Smallcap +0.20%
Nifty midcap +0.15%
Logistic Gainers
Aegis Logistics +6%
Allcargo Logistic +4%
Delhivery +1.20%
Education Gainers
Navneet Edu +6%
Kokuyo Camlin +4%
S Chand & CO + 1.5%
Housing Finance Gainers
REPCO HOMES +5.2%
PNB Housing +5%
IB Housing Fin +2.50%
Home First +2%
Midcap IT Losers
KPIT TECH -5.2%
Intellect design -1.50%
Cyient -1.50%
Auto Ancillary Losers
Bharat Gears -6%
NRB Bearing -2.2%
India Nippon Electricals -2%
Chemical Losers
Camlin Fine Science -3%
Tanfac Ind -2.6%
Kanoria Chemicals -2.5%
DCW Ltd -1.70%
Nifty Bank down by 0.18%, Bank of Baroda biggest losser
Nestle India Q3 Results
FMCG major Nestle India on Wednesday said that its September quarter profit increased 8.3 per cent YoY to Rs 668 crore, beating the estimates. The quarterly revenue increased 18.3 per cent YoY to Rs 4,591 crore, according to an exchange filing by the company. READ MORE
SBI, Sun Pharma top losers at NSE
HDFC, Axis Bank among top gainers
Piramal Pharma shares to list on NSE, BSE today after demerger: Check expected listing price
According to Zee Business analyst Nupur, Piramal Pharma share listing price could be around 200-250. READ MORE
HDFC Twins Top Gainers
While HDFC Ltd gained 2.97 per cent to trade at 2400.85, HDFC Bank added 1.95 per cent and traded at 1472.30 in opening trade.
Sensex, Nifty gain in pre-open
Sensex gains over 200 points, Nifty near 17500