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October 14, 2022 / 04:12 PM IST

Closing Bell: Nifty ends around 17,200, Sensex gains 684 pts led by IT, financials

Bank, Capital Goods, Healthcare and Information Technology indices up 0.5-1.7 percent, while Auto, Power, Realty and Oil & Gas indices down 0.5-1 percent each.

  • Closing Bell: Nifty ends around 17,200, Sensex gains 684 pts led by IT, financials
    Stock Market Today:
    • 03:33 PM IST

      Indian rupee closes flat at 82.36 per dollar

    • 03:31 PM IST

      Indices end on positive note with Nifty around 17,200

    • 03:26 PM IST

      JPMorgan keeps underweight rating on Mindtree with target at Rs 3,000

    • 03:22 PM IST

      BSE Realty index sheds 0.7 percdnt dragged by the Phoenix Mills, Indiabulls Real Estate, Macrtech Developers

    • 03:10 PM IST

      Nomura keeps neutral rating on Mindtree, raises target to Rs 3,180

    • 03:06 PM IST

      Power Mech Projects bags contract from Bangalore Metro Rail Corporation

    • 03:02 PM IST

      BSE Power index falls 0.5 percent dragged by the Adani Power, ABB, Adani Transmission

    • 02:54 PM IST

      Morgan Stanley keeps equal-weight rating on Mindtree, raises target price to Rs 3,400

    • 02:48 PM IST

      HDFC Bank up 3 percent ahead of its earnings tomorrow. Analysts expect net profit at Rs 10,681 cr

    • 02:44 PM IST

      IRDAI imposes penalty of Rs 2 crore on Max Life, to be paid by Axis Bank in 21 days

    • 02:38 PM IST

      Not evaluating any proposal on Jaypee Cement: Adani Enterprises

    • 02:34 PM IST

      Spandana Sphoorty | Board approves issuance of NCDs worth Rs 60 crore on private placement basis

    • 02:24 PM IST

      Everstone Capital considering selling stake in India’s Restaurant Brands Asia: Sources to Reuters

    • 02:18 PM IST

      Coal India inks MoU with RVUNL for 1190 MW solar project

    • 02:04 PM IST

      At 2 PM, about 2024 shares have advanced, 1144 shares declined, and 120 shares were unchanged

    • 01:44 PM IST

      Chemcon Speciality Chemicals purchases land for business operations

    • 01:34 PM IST

      Roto Pumps receives purchase order of Rs 3.9 crore from oil company

    • 01:30 PM IST

      KRChoksey maintain “BUY” rating to Infosys

    • 01:26 PM IST

      NLC India signs MoU with BHEL to develop indigenous technology for lignite gasification

    • 01:21 PM IST

      Elara Capital maintains Accumulate rating on Infosys with a revised Target Price of Rs 1,520

    • 01:08 PM IST

      Bajaj Auto in focus ahead of Septemebr quarter earnings

    • 01:06 PM IST

      NITCO CFO Shirish Suvagia resigns

    • 01:02 PM IST

      Benchmark indices trade higher with Nifty around 17300

    • 12:50 PM IST

      HDFC Life gets IRDAI final approval for Exide life merger with itself

    • 12:39 PM IST

      Nifty Bank index up 2 percent supported by HDFC Bank, Kotak Mahindra Bank, AU Small Finance Bank

    • 12:37 PM IST

      Jefferies keeps buy rating on Infosys with a target of Rs 1,700

    • 12:33 PM IST

      Federal Bank Q2 net profit at Rs 703.71 crore

    • 12:30 PM IST

      BSE Capital Goods index up 1 percent led by the L&T, BHEL, Elgi Equipments

    • 12:27 PM IST

      SAT directs interim stay on SEBI order against Brickwork Ratings

    • 12:06 PM IST

      Inox Leisure executes agreement with Jazz Cinemas to transfer 'Luxe Cinemas'

    • 11:52 AM IST

      Elara Capital maintains accumulate rating on Mindtree

    • 11:38 AM IST

      BSE Bank index rises 2 percent led by the HDFC Bank, Kotak Mahindra Bank, Au Small Finance Bank

    • 11:15 AM IST

      L&T bags order in the range of Rs 1,000 cr to Rs 2,500 cr from Gujarat Govt

    • 11:05 AM IST

      At 11 am, about 2235 shares have advanced, 801 shares declined, and 113 shares are unchanged

    • 10:44 AM IST

      Unichem Lab gets ANDA approval from USFDA for Dilantin Capsules

    • 10:41 AM IST

      PSP Projects emerges lowest bidder for a project worth Rs 345.3 crore

    • 10:30 AM IST

      Tata Steel clarifies on UK exit reports

    • 10:26 AM IST

      JPMorgan CEO Jamie Dimon warns higher inflation could push US rates above 4.5%

    • 10:22 AM IST

      CLSA keeps buy rating on Infosys, raises target to Rs 1,800

    • 09:49 AM IST

      Angel One Q2 profit grows 17.7% sequentially to Rs 213.6 crore

    • 09:47 AM IST

      Credit Suisse keeps outperform rating on Infosys with a target of Rs 1,710

    • 09:44 AM IST

      Nifty PSU Bank index up 2 percent led by the Bank of Baroda, Canara Bank, SBI

    • 09:31 AM IST

      BSE Information Technology index rises 2.5 percent supported by the Brightcom Group, NELCO, Infosys

    • 09:21 AM IST

      Mindtree Q2 earnings beat estimates, profit rises 7.9% QoQ to Rs 508.7 crore

    • 09:16 AM IST

      Indices open on positive note with Nifty above 17,300

    • 09:09 AM IST

      Resistance for Nifty at 17400: Mohit Nigam

    • 09:03 AM IST

      Indian rupee opens 8 paise higher at 82.27 per dollar

    • 08:56 AM IST

      US annual inflation edges down but accelerates in September

    • 08:50 AM IST

      Oil slides as US crude and gasoline stocks surge

    • 08:26 AM IST

      Sharekhan maintains 'buy' rating on Infosys with an unchanged price target  of Rs 1,730

    • 08:23 AM IST

      Infosys board approves its fourth buyback program worth Rs 9,300 crore

    • 08:15 AM IST

      17100 is the immediate resistance for the Nifty: Gaurav Ratnaparkhi

    • 07:59 AM IST

      SGX Nifty indicates a gap-up start for the Indian indices

    • 07:49 AM IST

      Mindtree Q2 net profit jumps 27% to Rs 509 cr, revenue spikes 31%

    • 07:45 AM IST

      Infosys Q2 net profit rises 11% YoY to Rs 6,021 cr; firm announces buyback worth Rs 9,300 crore

    • 07:38 AM IST

      Wall Street rebounds with a vengeance after initial inflation sell-off

    • 07:34 AM IST

      Asian markets are trading higher with Nikkei up 3%, Hang Seng and Kospi up 2% each

  • IndexPricesChangeChange%
    Sensex63,142.96350.08 +0.56%
    Nifty 5018,726.400.00 +0.00%
    Nifty Bank44,275.300.00 +0.00%
    Nifty 50 18,726.40 0.00 (0.00%)
    Thu, Jun 08, 2023
    Biggest GainerPricesChangeChange%
    Britannia4,893.15187.75 +3.99%
    Biggest LoserPricesChangeChange%
    Cipla960.45-11.60 -1.19%
    Best SectorPricesChangeChange%
    Nifty Metal6057.7590.30 +1.51%
    Worst SectorPricesChangeChange%
    Nifty Pharma13045.7032.80 +0.25%

  • October 14, 2022 / 04:14 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    Markets witnessed a decent surge on Friday and gained nearly a percent. Strong recovery in the global indices combined with upbeat earnings triggered a gap-up start in Nifty however profit taking in the latter half trimmed the gains. It finally settled at 17,185.7 levels; up by 1.01%. Among the sectors, banking, financials and IT contributed the maximum while realty, energy and auto were on the back foot.

    Markets have been consolidating for the last two weeks amid mixed cues and we expect this to end soon. Meanwhile, participants should maintain their focus on sectors and stocks which are showing resilience despite the prevailing uncertainty and utilise this phase to accumulate them.

  • October 14, 2022 / 04:08 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services.

    The domestic market showed an uptick, in-line with the surprise bounce in the US market. Initially the US market fell because the data exceeded the forecast. However, it recovered quickly, due to the oversold state of the market.

    The rally in the domestic market was led by large caps, with IT and banking at the forefront due to the robust start to Q2 earnings. The rally can continue in the short-term led by festival demand, Q2 results and positive trend of the global market.

  • October 14, 2022 / 04:06 PM IST

    Raghvendra Nath, Managing Director – Ladderup Wealth Management.

    The WPI like CPI still remains at elevated levels even though it has come down a bit from last month. The easing of inflation has primarily been on account of easing commodity prices globally. There is a good likelihood that global commodities may correct even further as the developed world faces the risk of recession which in turn would mean reduced demand.

    Even in India, with the festive season coming to an end, the months ahead may see tepid demand in comparison to the first half. We feel that WPI inflation should ease further in the next 4 to 6 months.

  • October 14, 2022 / 04:01 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    The Nifty had a strong leap from the support zone of 17,000-16,950. It broke out from a triangular pattern on the hourly chart & surpassed the key daily moving averages with an opening gap.

    The index, however, failed to build upon the early gains. On the contrary, it witnessed fresh round of selling in the second half of the session.

    The overall structure shows that the index is still in the short term consolidation phase. In terms of the price patterns, it can form a triangular pattern on the daily chart. This implies that the range bound action can continue in the short term. The index can revisit 17,050 on the downside. On the other hand, the near term resistance is at 17,350.

  • October 14, 2022 / 03:50 PM IST

    S Hariharan, Head Institutional Equity Sales, Emkay Global Financial Services

    FII flows into India have turned negative for the last few sessions, after a positive start in October. As a result, despite expectations of a strong earnings season, the broader market has been moving sideways, with DII inflows offsetting FII selling. Fears of potential earnings downgrades for IT stocks have not materialized thus far, while Banks are expected to report strong earnings in the coming couple of weeks.

    We expect the current bout of macro volatility to continue to cap any meaningful upsides in the indices, strong fundamentals notwithstanding. Consumer staples and discretionary names have been seeing some pressure on account of concerns related to margins going forward with commodity prices picking up again.

  • October 14, 2022 / 03:45 PM IST

    S Ranganathan, Head of Research at LKP securities

    With Inflation becoming the most widely watched economic statistic globally, yesterday's inflation print in the US saw extreme volatility there and as expected our markets opened gap up in sync with global cues.

    IT & Financials buoyed by earnings led the rally before profit taking in Energy stocks wiped off a bit of gains. The broader markets did see buying interest in select stocks on the back of quarterly earnings although the gains were visible only across Large Cap names.

  • October 14, 2022 / 03:33 PM IST

    Rupee Close:

    Indian rupee closed flat at 82.36 per dollar against previous close of 82.35.

  • October 14, 2022 / 03:31 PM IST

    Market Close:

    Benchmark indices ended on positive note on October 14 with Nifty around 17,200

    At Close, the Sensex was up 684.64 points or 1.20% at 57,919.97, and the Nifty was up 171.40 points or 1.01% at 17,185.70. About 1757 shares have advanced, 1591 shares declined, and 146 shares are unchanged.

    Infosys, HDFC Bank, HDFC, UPL and HCL Tech were among the top Nifty gainers. ONGC, M&M, Bajaj Auto, JSW Steel and Hindalco Industries were the top losers.

    Among sectors, bank, capital goods, healthcare, IT, up 0.5-1.8 percent, while metal, power and realty indices down 0.5-1 percent each.

    BSE Midcap and Smallcap indices ended on flat note

  • October 14, 2022 / 03:26 PM IST

    JPMorgan On Mindtree 

    JPMorgan has kept underweight rating on the stock with target at Rs 3,000 per share.

    There was a strong print but cautious outlook; meanwhile merger will be key to watch.

    The Constant Currency QoQ growth of 7.2% 170 bps ahead of estimate. The margin declines 60 bps due to wage hikes.

    See concerns from a potential slowdown that already impacted deal decision making, reported CNBC-TV18.

  • October 14, 2022 / 03:22 PM IST

    BSE Realty index shed 0.7 percdnt dragged by the Phoenix Mills, Indiabulls Real Estate, Macrtech Developers

  • October 14, 2022 / 03:18 PM IST

    Indian rupee Updates:

    Indian rupee is trading marginally lower at 82.40 per dollar against previous close of 82.35.


 Indian rupee is trading marginally lower at 82.40 per dollar against previous close of 82.35.
  • October 14, 2022 / 03:16 PM IST

    Praveen Singh – AVP, Fundamental currencies and Commodities analyst at Sharekhan by BNP Paribas

    The US Dollar Index is expected to rise further as the turnaround in the markets lacks any coherent narrative or solid fundamental reason, however in near-term a lot will depend on the risk sentiments. Traders will keep a close watch on the US retail sales and U. of Michigan inflation expectations data to be released tonight.

    The USDINR pair may decline to Rs 81.50 in near-term, though we expect the pair to rise to 83 in the coming days.