Stock market today: Domestic equity indices Sensex and Nifty settled higher on Friday, October 27, amid broad-based buying and as US Treasury yields retreated following weaker-than-expected inflation data, easing some rate-related worries.

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At close, both indices were up 1.01 per cent. The S&P BSE Sensex gained 634.65 points to settle at 63,782.8, while the NSE Nifty closed above 19,000, rising 190 points to 19,047.25.

The Nifty Mid Cap 100 ended over 1 per cent higher, and the Small Cap 100 ended over 2 per cent higher.

The Nifty Bank was up 1.19 per cent at 42,782.

In the Nifty basket, 44 stocks finished in positive territory, with Coal India, HCL Tech, Bajaj Auto, SBI, and Axis Bank being the top gainers, rising between 2.61-3.11 per cent for the day. Conversely, UPL, ITC, Hindalco, BPCL, and Asian Paints were the top losers.

Axis Bank, HCL Tech, and SBI were the top stocks that supported the 30-scrip index.

TECHNICAL VIEW 

"Going ahead, the Nifty can consolidate within 18,800–19,200 before resuming the next leg of the fall. In terms of levels, 19160 – 19220 shall act as a Resistance while 18930 – 18900 shall act as an immediate support zone.," said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas.

Further, for Nifty Bank, Gedia said the pullback can continue until 43,400, where resistance in the form of the hourly upper Bollinger band is placed. On the downside, 42,730–42,600 is the crucial support zone.

BUZZING STOCKS 

Jubilant Pharmova shares ended over 16 per cent higher after the company reported Q2 numbers.

Canara Bank shares ended over 5 per cent higher after the company posted Q2 results.

Shriram Finance shares were up over 7 per cent post-Q2 results.

Home First Finance Company shares settled over 4 per cent higher a day after it posted Q2 numbers.

BSE shares were up over 3 per cent continuing the five-day winning streak. It also hit an all-time high during the trading session.

Conversely, Sterlite Technologies shares closed over 9 per cent lower a day after posting Q2 results.

GLOBAL MARKETS 

World shares were mostly higher on Friday, and oil prices jumped about $2 after the Israeli military said its troops and tanks had briefly entered northern Gaza.

Germany’s DAX gained 0.4 per cent to 14,796.41, while the CAC 40 in Paris lost 0.4 per cent to $6,861.30. Britain’s FTSE 100 picked up 0.2 per cent to 7,367.42. The future for the S&P 500 was up 0.6 per cent and the Dow Jones Industrial Average gained 0.3 per cent. On Thursday, the S&P 500 fell 1.2 per cent, its ninth drop in 11 days. The Nasdaq composite fell 1.8 per cent and the Dow sank 0.8 per cent. 

(with agency inputs)

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