Stock market today: Domestic equity indices on Monday, October 30, settled in the green for the second consecutive session amid gains in Reliance Industries Limited, BPCL, and ONGC. Banks, financial services, information technology (IT), metal, pharma, realty, and oil & gas counters extended support to the headline indices.

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At close, the S&P BSE Sensex was up 329.85 points, or 0.52 per cent, at 64,112.65, and the NSE Nifty closed at 93.65 points, or 0.49 per cent, at 19.140.9.

The Nifty Mid Cap 100 and Small Cap 100 ended in positive territory.

High-beta Nifty Bank closed 0.6 per cent higher at 43,039.15.

TECHNICAL VIEW 

"On the daily charts, we can observe that the Nifty has been in a pullback mode since the last couple of trading sessions and is now approaching a crucial resistance zone of 19,160–19,220, where resistance in the form of the hourly upper Bollinger band and the 40-hour exponential moving average is placed. Hence, it is advisable to be cautious with the longs. On the downside, a breach below 18,940 can lead to the start of the next leg of the fall. In terms of levels, 19,180–19,220 shall act as a support zone, while 18,950–18,930 shall act as an immediate support zone," said Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas.

On Nifty Bank, Gedia said it was approaching crucial hurdle levels placed at 43,150–43,300, where multiple resistance parameters in the form of crucial Fibonacci retracement levels and the hourly upper Bollinger band are placed, and hence caution is advised on the longs.

In the Nifty basket, 29 stocks finished above flatline, with BPCL, Reliance Industries, ONGC, UltraTech Cement, and SBI Life being the top gainers, rising between 1.73 and 3.45 per cent for the day. Conversely, UPL, Tata Motors, Maruti Suzuki, Eicher Motors, and Axis Bank were the top losers.

UltraTech Cement, Reliance Industries, and ICICI Bank were the top stocks that supported the 30-scrip index.

BUZZING STOCKS 

Supreme Industries shares were up over 8 per cent after the company posted its Q2 results.

Reliance Industries shares were up over 2 per cent after the company posted strong Q2 results.

Vodafone Idea shares were up over 7 per cent ahead of the earnings call.

KPIT Technologies shares were up over 5 per cent after it posted Q2 earnings.

Conversely, Petronet LNG shares were down over 8 per cent.

M&M Finance shares were down over 11 per cent after the company reported weak Q2 numbers.

AU Small Finance Bank shares were down over 3 per cent and posted weaker-than-estimated results.

SBI Cards and Payment Services shares were down over 5 per cent after posting lower-than-expected Q2 numbers.

GLOBAL MARKETS 

US stock index futures climbed on Monday as tensions in the Middle East failed to dampen investor sentiment ahead of a busy week full of earnings reports and an interest rate decision from the Federal Reserve.

Israeli troops stepped up ground operations in Gaza early on Monday, with Palestinians in the enclave reporting fierce air and artillery strikes as the conflict entered its fourth week.

(with agency inputs)

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