Markets extend rally for 4th straight day; Sensex jumps 150 points, Nifty defends 17500
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.
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
Spicejet shares jumped 1 per cent after the airline announced a revised salary structure for its Captains increasing their monthly remuneration to Rs 7 lakh a month for 80 hours of flying. The hike will be applicable from November 1.
UltraTech Result
Aditya Birla group firm UltraTech Cement Ltd on Wednesday reported a decline of 42.09 per cent in its consolidated net profit at Rs 758.70 crore for the second quarter ended on September 30, 2022. The company had posted a net profit of Rs 1,310.34 crore in the July-September period a year ago, UltraTech Cement said in a BSE filing. Its revenue from operations rose 15.61 per cent to Rs 13,892.69 crore during the quarter under review as against Rs 12,016.78 crore in the corresponding period of the last fiscal.
Sebi focuses on data, technology tools to detect malpractice in market
With an aim to strengthen transparency and fairness in the capital markets, Sebi is focusing on data tools to detect wrong-doing in the securities market as well as for its policy formulation. Apart from data, another focus area for the Securities and Exchange Board of India (Sebi) would be deployment of technology. "Data and technology are the two new tools that Sebi is building for itself," the regulator said, adding that the move would enhance transparency and fairness in the securities market.
Rupee hits new low
UltraTech Cement Q2 results
Aditya Birla group firm UltraTech Cement Ltd reported a 42 per cent decline in its consolidated profit after tax (PAT) at ₹756 crore for the quarter ended September 2022, as against ₹1,314 crore in the year-ago quarter.
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
Quarterly earnings of Nestle India, HDFC Asset Management Company and others today
Ultratech Cement, Nestle India, IndusInd Bank, AU Small Finance Bank, HDFC Asset Management Company, CG Power, Havells India, Oracle Financial Services, Persistent Systems and Max Financial Services are among the companies that will announce their quarterly earnings today.
Wall Street stocks closed higher
The Dow Jones Industrial Average rose 337.98 points, or 1.12 per cent, to 30,523.8, the S&P 500 gained 42.04 points, or 1.14 per cent, to 3,719.99 and the Nasdaq Composite (.IXIC) added 96.60 points, or 0.9 per cent, to 10,772.40.
Piramal Pharma to list its shares today
Piramal Pharma Ltd will list its shares on Wednesday, according to a notice issued by the BSE. The shares would be listed at a fully paid face value of Rs 10 each, the notice added.
Japan's Nikkei 225 gained over 198 points
Japan's Nikkei 225 gained over 198 points or 0.73 per cent in early trade, South Korea’s Kospi was up by over 14 points or 0.65 per cent at 7:30 am. On the flip side, the Hang Seng index in Hong Kong traded in red and was down by over 100 points or 0.60 per cent.
SGX Nifty hints at muted start
SGX Nifty hints at a muted start as it traded 4 points, or 0.02 per cent, lower at 17,491.
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