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October 05, 2021 / 04:08 PM IST

Closing Bell: Nifty ends above 17,800, Sensex gains 445 pts; oil & gas stocks rally

Except PSU bank, realty and pharma, all other sectoral indices ended in the green with oil & gas, power and IT indices up 1-3 percent. BSE midcap and smallcap indices ended in the green.

  • IndexPricesChangeChange%
    Sensex57,107.15-1,687.94 -2.87%
    Nifty 5017,026.45-509.80 -2.91%
    Nifty Bank36,025.50-1,339.25 -3.58%
    Nifty 50 17,026.45 -509.80 (-2.91%)
    Fri, Nov 26, 2021
    Biggest GainerPricesChangeChange%
    Cipla966.7066.75 +7.42%
    Biggest LoserPricesChangeChange%
    JSW Steel628.65-52.25 -7.67%
    Best SectorPricesChangeChange%
    Nifty Pharma13797.10230.60 +1.70%
    Worst SectorPricesChangeChange%
    Nifty Metal5323.75-300.25 -5.34%


  • October 05, 2021 / 04:21 PM IST

    Mohit Nigam, Head - PMS, Hem Securities:

    Market today was a complete roller coaster ride as Nifty50 opened flat, was in red for some time and finally closed in green on second consecutive day with gain of 131.05 points or 0.74% at 17,822.30. At close Sensex was up by 429.48 points or 0.72% at 59,728.80 and Nifty Bank was up by 148.60 points or 0.40% at 37,728.25.

    On technical front, Nifty50 looks strong with strong support at 17,750 level and can face resistance at 17,935 level. We can see Nifty creating new record highs in near future.

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  • October 05, 2021 / 04:09 PM IST

    Palak Kothari, Research Associate at Choice Broking:

    After a negative opening, the index made an intraday low at 17640 levels, but bulls took charge and managed to close the session near the intraday high at 17822.30 level with a gain of 131 points. While Bank Nifty closed the session at 37,741 level with a gain of 161.35 points. 

    On the technical front, the Nifty Index has formed bullish marabozu candle on daily time frame which points out strength in the counter. Furthermore, the index has given closing above 21 & 50 HMA, which suggests northward direction in the counter. Hourly momentum indicator MACD is trading with positive crossover above the zero-level line as well as the index is trading above Ichimoku cloud, which indicate upside momentum in the upcoming session. At present, the Nifty has immediate support at 17,580, while resistance comes at 17,950 levels.

  • October 05, 2021 / 04:01 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Domestic equities opened on a weak note as investors turned cautious due to a weak closing of the US market and rising crude oil price. However, upbeat mood of the European markets which rebounded after the US tech based sell-off helped the Indian market to regain momentum.

    Also, the rout of Chinese economy led by power shortage provided a positively surprise to few sectors in the Indian market.

  • October 05, 2021 / 03:57 PM IST

    Rahul Sharma, Co-Founder, Equity99.

    The market made a good positive move against the weak opening indicated by SGX Nifty. Sensex was up 445 points while Nifty50 was up 131 points. 

    Now going further on upside 17,865 will act as immediate resistance will strong resistance is placed at 17,950 levels. On the downside 17,700 will act as crucial support followed by 17,650 levels.

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  • October 05, 2021 / 03:52 PM IST

    S Ranganathan, Head of Research at LKP securities:

    Bulls took charge of the proceedings today powered by the Oil & Gas and IT sector while the PSE Index continued to lend strong support to the rally. The real action however was seen in the broader market where the breadth was indeed impressive with several companies in sectors like Power, Textiles, IMFL, Paper & Chemicals participating in the rally.

  • October 05, 2021 / 03:39 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some positive movements and an attempt to hold the level around the Nifty 50 Index level of 17700. In the short-term, it is going to be crucial for market to sustain above the 17800 level. 

    If the market is able to sustain the level of 17800, it can witness higher levels of 18000. The momentum indicators like RSI and MACD indicating positive momentum is likely to continue.

  • October 05, 2021 / 03:34 PM IST

    Market Close: Indian benchmark indices ended higher in the second consecutive session on October 5 amid mixed global cues.

    At close, the Sensex was up 445.56 points or 0.75% at 59,744.88, and the Nifty was up 131 points or 0.74% at 17,822.30. About 2025 shares have advanced, 1184 shares declined, and 154 shares are unchanged.

    ONGC, IndusInd Bank, Coal India, IOC and Bharti Airtel were among the major gainers on the Nifty. Cipla, Hindalco, Shree Cements, Sun Pharma and Tata Consumer Products were among the big losers.

    Except PSU bank, realty and pharma, all other sectoral indices ended in the green with oil & gas, power and IT indices up 1-3 percent. BSE midcap and smallcap indices ended in the green.  

  • October 05, 2021 / 03:29 PM IST

    Deepak Singh, Head-Derivatives - ICICI Securities:

    Indian Rupee depreciated majorly on the back of strong dollar and surge in crude oil prices. Oil prices rallied sending it to 7 year high as OPEC+ said it would stick to an existing pact for a gradual increase in oil output. 

    Investors fear that higher energy prices may add to inflationary pressure pushing central banks across globe to start tapering monetary stimulus. Rupee may trade in the range of 74.30 to 74.90 in next couple of session

  • October 05, 2021 / 03:20 PM IST

    Churchil Bhatt, EVP Debt Investments, Kotak Mahindra Life Insurance Company:
     
    The MPC in the October policy is expected to signal the end of ‘excessive’ Covid-era accommodation amidst a steady pick-up in economic activity and progress in vaccination. The unrelenting build-up in inflationary pressures, even if deemed transitory, is likely to elicit a measured central bank response – especially on the surplus banking system liquidity. 

    Going forward, we expect the Repo rate, which ceased to be the operating rate since the pandemic, to regain its status as the Key Policy Rate through a gradual and guided transition. 

    The MPC may however continue to emphasize its intent to maintain what would still be an otherwise accommodative monetary policy. 

    Hence, we expect that an emphasis on a dovish, gradual taper, coupled with expected G-SAP 3.0 announcement, should keep any undue bond market volatility under check.

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  • October 05, 2021 / 03:11 PM IST

    Offer price for Aditya Birla Sun Life IPO finalised at Rs 712

    Aditya Birla Sun Life has finalised the offer price of its initial public offering (IPO) at Rs 712 per share

    The issue has been subscribed 5.24 times so far on October 1, the final day of bidding. 

    Aditya Birla Sun Life Asset Management Company reduced its issue size to 2.77 crore equity shares from 3.88 crore shares earlier, especially after garnering Rs 789 crore from anchor investors on September 28.

  • October 05, 2021 / 03:03 PM IST

    Market at 3 PM

    Market has gained further ground in the final hour of the trading with Nifty above 17800.

    The Sensex was up 413.24 points or 0.70% at 59712.56, and the Nifty was up 120.60 points or 0.68% at 17811.90. About 1943 shares have advanced, 1092 shares declined, and 117 shares are unchanged.

      Market at 3 PM  

 Market has gained further ground in the final hour of the trading with Nifty above 17800. 

 The Sensex was up 413.24 points or 0.70% at 59712.56, and the Nifty was up 120.60 points or 0.68% at 17811.90. About 1943 shares have advanced, 1092 shares declined, and 117 shares are unchanged.
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