Share Market HIGHLIGHTS: Sensex ends 595 pts higher, Nifty50 reclaims 19,400 as bulls remain in charge for third straight day; Divi's Labs soars 5%

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Domestic market largely mirroring rebound on Wall Street, looks set to test hurdle at 19,500: Religare Broking's Ajit Mishra

Ajit Mishra of Religare Broking is of the view that the sustainability of the positive tone on the global front combined with improved participation from the banking pack would be critical to watch for Dalal Street.

"Meanwhile, we maintain our view to stay focused on stock selection," he adds. 

Immediate support for Nifty at 19,320: HDFC Securities' Nagaraj Shetti

Nagaraj Shetti of HDFC Securities expects immediate support for the Nifty50 at 19,320. "A reasonable bull candle was formed on the daily chart with minor upper and lower shadows. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 level on October 26," he says. 

"The immediate resistance of 18,250 has been taken out sharply on the upside on Monday and the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term," Shetti adds. 

Share Market Highlights | Broader indices continue to rise, up around 1%

Broader indices Nifty Midcap 100 and Nifty Smallcap 100 finish the day 0.9 per cent and 1.4 per cent stronger, a third straight higher close for both in tandem with the overall trend in the market.

Closing Bell | Market breadth remains in favour of bulls

Overall market breadth remains extremely positive on BSE, with an advance-decline ratio of 9:5 as 2,452 stocks finished higher while 1,336 declined for the day. 

Closing Bell | 45 Nifty stocks finish stronger; Divi's, Eicher, Hero MotoCorp, Axis Bank, L&T top blue-chip gainers

As many as 45 stocks in the 50-scrip blue-chip basket finish the day higher, with Divi's, Eicher Motors, Hero MotoCorp, Axis Bank, Larsen & Toubro, Tata Steel, Bajaj Finance, PowerGrid, Asian Paints and Hindalco, rising between 1.7 per cent and 5. per cent, being the top gainers. On the other hand, SBI, HUL, Cipla, Tata Motors and Titan, declining between 0.1 per cent and 0.7 per cent for the day, are the top laggards.

Closing Bell | Sensex, Nifty end stronger for third day in a row

Both headline indices finish the day with gains to the tune of around one per cent each. The Sensex adds 594.9 pts for the day to end at 64,958.7, and the Nifty settles with a gain of 183.1 pts at 19,413.7.

Here's how the indices moved through the day: 

Nifty50 

Sensex

Images: BSEIndia.com, NSEIndia.com

Share Market Today LIVE | Sensex surges nearly 600 pts, Nifty trades above 19,400

Share Market Today LIVE | MCX, DLF, Zomato, other stocks hit 52-week highs

As many as 32 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 

Share Market Today LIVE | Sensex surges over 500 pts, Nifty near 19,400; all sectors gain

Nifty 50

Source: NSE

Sensex

Source: BSE

Share Market Today LIVE | Protean eGov Technologies IPO gets subcribed 0.6 times so far on Day 1

On Monday (Day 1), Protean eGov Technologies IPO's share sale has received bids for 26,32,428 crore shares against 43,78,700 shares on offer. Overall, the public issue was subscribed 60 per cent until the time of filing this report. Read more on Protean eGov Technologies IPO

Share Market Today LIVE | JK Cement shares jump 6% after Q2 results beat analysts' estimate; should you buy, sell or hold? 

Shares of JK Cement, one of the leading manufacturers of grey cement in India, trades 8.52 per cent higher at Rs 3,398.5 on NSE after the company posted its July to September quarter (Q2 FY24) results, which were better than estimates.

Anil Singhvi's view 

Zee Business Managing Editor Anil Singhvi has recommended buying shares of JK Cement on the back of strong margins and operational performance. He has given various targets of Rs 3,190, Rs 3,225, and Rs 3,240 apiece, with a stop loss of Rs 3,100 apiece. 

Brokerage view

Jefferies has maintained a 'hold' on JK Cement shares with a target of Rs 3,310 apiece. Read more 

Share Market Today LIVE | Nykaa shares gain nearly 5% 

Shares of FSN E-Commerce Ventures, operating fashion-to-jewellery e-retailer Nykaa, trade higher by nearly 5 per cent at Rs 146.95. The company is scheduled to release its September quarter numbers later today. Read more 

Anil Singhvi Market Strategy | Important levels to track in Nifty, Nifty Bank today

Zee Business Managing Editor Anil Singhvi sees support for the headline Nifty index emerging at 19,225-192,75 levels and a strong buy zone at 19,125-19,175 levels on Monday, November 6. For the Nifty Bank, he expects support at 43,225-43,325 levels and a strong buy zone at 43,025-43,150 levels.

Read more on how Anil Singhvi views the Indian share market today and what he recommends

Share Market Today LIVE | PB Fintech shares gain over 4% as Q2 loss narrows to Rs 21 crore

Shares of PB Fintech, the parent company of PolicyBazaar and PaisaBazaar, gain as much as 4.55 per cent to the day’s high of Rs 583 on BSE. The stock witnessed sharp gains after the net loss at the firm for the September quarter came in sharply lower on a year-on-year (YoY) basis to Rs 21 crore. The figure was Rs 187 crore in the corresponding quarter of the previous fiscal. Read more