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Oct 08, 2018 03:38 PM IST | Source: Moneycontrol.com

Closing Bell: Market ends multi-day losing streak, Sensex ends almost 100 points higher; Nifty around 10,350

A sharp recovery in financials in the last hour helped indices close in the green.

  • Oct 08, 03:36 PM (IST)

    Market at Close After a harrowing last week, equity benchmarks have begun this week on a positive note. The Nifty has closed around 10,350-mark, while the Sensex ended nearly 100 points higher. 

    It was a volatile day of trade as the market kept swinging between high and low points. But a sharp recovery in financials in the last hour helped indices close in the green. A rally in heavyweights such as Reliance Industries and Kotak Mahindra Bank also boosted the market. 

    Among sectors, energy names, along with banks, and auto were the top gainers, while metals, pharma and FMCG names were the big laggards. 

    At the close of market hours, the Sensex was higher by 97.39 points or 0.28% at 34474.38, while the Nifty was up 31.50 points or 0.31% at 10348.00. The market breadth was negative as 757 shares advanced, against a decline of 1,889 shares declined, while 680 shares were unchanged.

  • Oct 08, 03:14 PM (IST)

    KOTAK GROUP CLEARS THE AIR

    "A message titled I wrote this to my clients earlier today. You may find it reassuring under the circumstances: Uday Kotak is floating on WhatsApp. Please do not fall prey to this message. We deny this message. Neither Uday Kotak nor Kotak Mahindra Bank has issued it”, Rohit Rao, Chief Communication Officer, Kotak Mahindra Group told Moneycontrol.

  • Oct 08, 03:10 PM (IST)

    Market Update A sharp recovery is seen in the last half an hour of trade, especially after the Nifty gave up 10,200 and the Sensex shed 34,000.

    Banks, energy names, and automobiles have gathered steam. Traders could be betting on fall in crude prices along with strength in financials as well.  

    The Sensex is up 63.18 points or 0.18% at 34440.17, while the Nifty is higher by 27.3 points or 0.2% at 10343.8. The market breadth is negative as 585 shares advanced, against a decline of 1,962 shares, while 764 shares were unchanged.

    Yes Bank, Reliance Industries, and HPCL are the top gainers, while Vedanta, HDFC, and Hindalco were the top losers. 

     Market Update  A sharp recovery is seen in the last half an hour of trade, especially after the Nifty gave up 10,200 and the Sensex shed 34,000. 

 Banks, energy names, and automobiles have gathered steam. Traders could be betting on fall in crude prices along with strength in financials as well.   

 The Sensex is up 63.18 points or 0.18% at 34440.17, while the Nifty is higher by 27.3 points or 0.2% at 10343.8. The market breadth is negative as 585 shares advanced, against a decline of 1,962 shares, while 764 shares were unchanged. 

 Yes Bank, Reliance Industries, and HPCL are the top gainers, while Vedanta, HDFC, and Hindalco were the top losers. 
  • Oct 08, 02:57 PM (IST)

    Market Updates: Weak trades continues on Dalal Street with Nifty breached 10,200 for the first time since April 4, 2018. Sensex also broke below 34,000 level.

  • Oct 08, 02:42 PM (IST)

    JPMorgan maintained overweight on Vedanta: Research house cuts target to Rs 345 from Rs 400. It also cuts EPS estimates by 19-20% for FY19-20 driven by lower zinc business.

    As the macro is unhelpful, but progress on the projects should be a positive catalyst. However, given the growth prospects, diversified earnings and attractive valuations, share price should rebound, it added.

  • Oct 08, 02:31 PM (IST)

    Tata Elxsi Q2 numbers: The company's net profit up 16.6 percent at Rs 82.2 crore versus Rs 70.5 crore, QoQ. Revenue up 5 percent at Rs 402.8 crore versus Rs 382 crore.

    EBITDA at Rs 107.1 crore and margin at 26.6 percent.

  • Oct 08, 01:21 PM (IST)
  • Oct 08, 01:03 PM (IST)

    ALERT | The Indian rupee is back to the psychological mark of 74 per US dollar in afternoon trade. Image: Bloomberg.com

      ALERT |  The Indian rupee is back to the psychological mark of 74 per US dollar in afternoon trade. Image: Bloomberg.com
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