Markets extend rally for 3rd day in row; Sensex ends 550 points higher, Nifty above 17450; SBI top gainer
Stock Market Highlights: Sensex and Nifty closed higher for a second straight session on Monday following buying in index majors Reliance Industries, ICICI Bank and recovery in global markets.
Stock Market Highlights: Stock markets ended in green for the third consecutive day on Tuesday amid firm global market trends. The 30-share BSE benchmark climbed 549.62 points to close at 58,960.60. Similarly, the broader NSE Nifty surged 175.15 points to 17,486.95 at the end of the session. State Bank of India (SBI) was the top gainer in the Sensex pack, followed by Nestle India and ITC. On the flip side, HDFC and NTPC were among the top laggards.
Other Asian markets in Seoul, Tokyo and Hong Kong ended with gains, while Shanghai settled lower. Stock exchanges in Europe were trading in the positive territory in mid-session deals. Wall Street had ended significantly higher on Monday.
International oil benchmark Brent crude was trading 0.65 per cent lower at USD 91.02 per barrel. Foreign institutional investors (FIIs) remained net sellers in the Indian capital market on Monday as they offloaded shares worth Rs 372.03 crore, as per exchange data.
The BSE benchmark had jumped 491.01 points or 0.85 per cent to settle at 58,410.98 on Monday. The Nifty climbed 126.10 points or 0.73 per cent to end at 17,311.80.
In other Asian markets, bourses in Seoul, Tokyo, Shanghai and Hong Kong were trading with gains in mid-session deals. Wall Street ended significantly higher on Monday.
Latest Updates
SBI top gainer at BSE, NSE
State Bank of India (SBI) gained over 3.45 per cent at NSE and 3.37 per cent at BSE.
Sensex soars for the third straight day
Jumps over 550 points, Nifty ends near 17500
DLF Q2FY23 Conso YoY - Preview
Revenue 1604.9cr vs 1480.9cr up 8.4%
EBITDA 548.1cr vs 458.3cr up 19.6%
Margin 34.1% vs 30.9%
PAT 558.9cr vs 378cr up 47.9%
Nifty 50 +0.91%
Nifty 500 +0.84%
Sensex + 0.82%
Bank Nifty +0.73%Top Nifty Gainers
SBI +2.63%
Mahindra & Mahindra +1.95%
Bharti Airtel + 2.29%
Larsen & Toubro +2.18%
ITC +1.9%Top Nifty Losers
NTPC -0.77%
Bharat Petroleum -0.74%
Sun Pharma -0.61%
Housing Development Financev -0.54%
Tech Mahindra -0.29%Stock in Focus
Samvardhana Motherson -6.65%
Maharashtra Seamless -4.86%
Aster DM Healthcare +3.5%Top Gainers
RHI Magnesita India +6.69%
Gujarat Alkalies +5.87%
Restaurent Brands Asia +5.11%
Data Patterns +6%Top Losers
Tata Elxsi -5.11%
Liberty Shoes -5%
Max Healthcare -3.35%
Macrotech Developers -3%SBI, Tata Motors among top gainers
Tata Elxsi falls over 6%
Shares of Tata Elxsi hit a three-month low of Rs 7,280, falling 6 per cent on the BSE in Tuesday's intra-day trade.
Samvardhana Motherson International slips over 7% following the bulk deal
Bank stocks shine, PNB gains over 4.50%
Top gainers and losers today
Tata Coffee gains post strong Q2 earnings
Buy, Sell or Hold? Check price target - READ MORE
Maharashtra Seamless share bonus, ratio announced: Stock slumps over 2%; Should you buy?
According to Zee Business panellist Kunal Saraogi, the chart of Maharashtra Seamless is good. READ MORE
BUY ITC Share - Check stock price target by Zee Business panelist
Zee Business panellist Sumeet Bagadia said that ITC could be a good buy. He said that after dips in the last few days, the stock is ready to move.
ITC share price support at Rs 328
ITC share stop loss Rs 329
ITC share price target Rs 348-350 (short term)
BUY ASHOK LEYLAND SHARE - CHECK PRIE TARGET
Bulls in action: Sensex jumps 500 points, Nifty above 17400
Rupee opens lower
Indian rupee opened 15 paise lower at 82.20 per dollar today against the previous close of 82.35.
Maha Seamless Stock Bonus - Check price target
Kunal Saraogi said that the chart of Maha Seamless is good. He said that further rally is possible. He suggested to HOLD the stock.
Maha Seamless Sare Ptrice Target Rs 925/930
Maha Seamless Sare Price Stop Loss Rs 850Maha Seamless through a corporate filing on Monday informed about the decision to issue bonus shares in the ratio of 1:1.
Sensex, Nifty gain in pre-open
Sensex jumps around 300 points, Nifty over 100 points in pre-open session.
BUY PNB Share - Check price target
Zee Business panellist Kunal Saraogi recommends Buying PNB shares.
PNB Share Price Target - Rs 38.0
Kotak Bank Share Stop Loss - Rs 36BUY Kotak Bank Share - Check price target
Zee Business panellist Rakesh Bansal recommends Buying Kotak Bank shares.
Kotak Bank Share Price Target - Rs 1938
Kotak Bank Share Stop Loss - Rs 1825Zee Entertainment Bulk Deal
BUY IndusInd Bank share - check price target
Buy ICICI Bank - Check Target price
LTP: Rs 886.50
Target: 920
Stop Loss: Rs 525
Upside 5%Delta Corp, Indiabulls Housing Finance, and India Cements under F&O ban
Delta Corp, Indiabulls Housing Finance, and India Cements stocks will remin under the F&O ban list by the stock exchange on Tuesday. The NSE updates the list of securities in F&O ban for trade everyday.
- Q2FY23 Results Today, October 18Full List of Companies to release Second Quarter Earnings515055 ANANTRAJ 18 Oct 2022541865 ASRL 18 Oct 2022539289 AURUM 18 Oct 2022532290 BLBLIMITED 18 Oct 2022540023 COLORCHIPS 18 Oct 2022504000 ELPROINTL 18 Oct 2022542812 FLUOROCHEM 18 Oct 2022532181 GMDCLTD 18 Oct 2022539224 HCKKVENTURE 18 Oct 2022519552 HERITGFOOD 18 Oct 2022500183 HFCL 18 Oct 2022540716 ICICIGI 18 Oct 2022511473 INDBANK 18 Oct 2022523465 INDBNK 18 Oct 2022509051 INDINFO 18 Oct 2022513446 JSWISPL 18 Oct 2022500458 KORE 18 Oct 2022542323 KPIGREEN 18 Oct 2022542651 KPITTECH 18 Oct 2022532937 KUANTUM 18 Oct 2022507912 LKPFIN 18 Oct 2022512455 LLOYDSME 18 Oct 2022540115 LTTS 18 Oct 2022532756 MAHINDCIE 18 Oct 2022512337 MAHSHRE 18 Oct 2022505850 MANCREDIT 18 Oct 2022539199 MOONGIPASEC 18 Oct 2022532798 NETWORK18 18 Oct 2022540900 NEWGEN 18 Oct 2022542231 NILASPACES 18 Oct 2022542652 POLYCAB 18 Oct 2022522205 PRAJIND 18 Oct 2022540544 PSPPROJECT 18 Oct 2022532988 RANEENGINE 18 Oct 2022505790 SCHAEFFLER 18 Oct 2022540797 SHALBY 18 Oct 2022532221 SONATSOFTW 18 Oct 2022543274 SUUMAYA 18 Oct 2022532890 TAKE 18 Oct 2022500483 TATACOMM 18 Oct 2022504966 TINPLATE 18 Oct 2022532800 TV18BRDCST 18 Oct 2022513713 WHITEORG 18 Oct 2022530697 ZENLABS 18 Oct 2022
Buy SBI share - Check Price Target
LTP: Rs 543.20
Target: Rs 570
Stop Loss: Rs 525
The stock is poised for a 5 per cent upside and is suitable for investors or traders who wants to make quick gains.
Meeting of Cabinet, CCEA at 10:30 am and other top news at a glance
Jefferies on Can Fin Homes (CMP: 502)
The brokerage firm has maintain the 'Buy' call with the target of Rs 730.
Brokerages on ACC
Goldman Sachs on ACC (CMP: 2270)
Maintain Neutral, Target raised to Rs 2375 from Rs 2200
Morgan Stanley on ACC (CMP: 2270)
Maintain Underweight, Target cut to Rs 1950 from Rs 2050
Jefferies on ACC (CMP: 2270)
Maintain Buy. Target cut to Rs 2999 from Rs 3030
HSBC on ACC (CMP: 2270)
Maintain Reduce, Target Rs 2100
Citi on ACC (CMP: 2270)
Maintain Buy, Target Rs 2900
Macquarie on ACC (CMP: 2270)
Maintain Outperform, Target Rs 2767
Brokerages on Gujarat Gas
JP Morgan on Gujarat Gas (CMP: 469)
Initiate Underweight, Target - Rs 350
__________________________________JP Morgan on Mahanagar Gas (CMP: 795)
Initiate Overweight, Target - Rs 1040
_______________________________
JP Morgan on Indraprastha Gas (CMP: 378)
Maintain Neutral, Target - Rs 420
Wall Street ends up 2% after sharp reversal; technicals help
The Dow Jones Industrial Average rose 827.87 points, or 2.83 per cent, to 30,038.72, the S&P 500 gained 92.88 points, or 2.60 per cent, to 3,669.91 and the Nasdaq Composite added 232.05 points, or 2.23 per cent, to 10,649.15.
Quarterly earnings of Polycab India, Tata Communications, ICICI Lombard today
ICICI Lombard, Schaeffler India, Gujarat Fluorochemicals, Polycab India, Tata Communications, KPIT Technologies, Mahindra CIE, HFCL, Praj Industries, Sonata Software and L&T Technology Services are some of the companies that will announce their earnings of the second quarter today.
SGX up by over 130 points
SGX Nifty traded 134 points, or 0.77 per cent, higher at 17,449.5, signaling that Dalal Street was headed for a positive start on Tuesday.
Yen hits its lowest value against the US dollar in 32 years
The yen hits its lowest value against the U.S. dollar in 32 years on Tuesday. The U.S. currency rose to 149.10 yen. Japan spent 2.8 trillion yen ($18.81 billion) in dollar-selling, yen-buying intervention last month when authorities intervened to prop up the yen for the first time since 1998. Speculation lingers that Japanese authorities may have intervened in the market since then without announcing, but the Japanese government declined to comment.
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