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October 06, 2022 / 04:22 PM IST

Closing Bell: Nifty ends above 17,300, Sensex gains 156 pts led by metal, realty, capital goods

Among sectors, FMCG and pharma ended marginally lower, while metal, realty, capital goods up 2-3 percent.

  • Closing Bell: Nifty ends above 17,300, Sensex gains 156 pts led by metal, realty, capital goods
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:35 PM IST

      Indian rupee closes 37 paise lower at 81.89 per dollar

    • 03:30 PM IST

      Nifty ends above 17,300, Sensex gains 156 pts led by metal, realty, capital goods

    • 03:24 PM IST

      Morgan Stanly keeps overweight rating on Bajaj Finance with a target at Rs 8,500

    • 03:19 PM IST

      Manali Petrochemicals gets environmental nod for Propylene Glycol plant

    • 03:16 PM IST

      Nifty Pharma index in the red, with Gland Pharma, Biocon, Lupin and Granules India down 2 percent each

    • 03:14 PM IST

      BSE Smallcap index up 1.3 percent supported by the Xelpmoc Design and Tech, Everest Industries, Greenlam Industries

    • 03:08 PM IST

      Prabhudas Lilladher keeps buy rating on Praj Industries with Target Price of Rs 507

    • 02:50 PM IST

      Airtel 5G Plus launches is 8 cities

    • 02:46 PM IST

      BSE Midcap index up 1 percent supported by the Bharat Forge, JSW Energy, Persistent Systems

    • 02:42 PM IST

      Can Fin Homes mulls raising up to Rs 4,000 crore debt capital

    • 02:07 PM IST

      Electronics Mart India IPO subscribed 4.48 times on second day of bidding

    • 01:45 PM IST

      Jefferies keeps buy rating on Bajaj Finance with a target at Rs 8,000

    • 01:39 PM IST

      HFCL collaborates with Qualcomm for 5G Outdoor Small Cell product development

    • 01:31 PM IST

      Electronics Mart India IPO subscribed 4.27 times on second day of bidding

    • 01:28 PM IST

      LIC likely to pare stake to below 20% in IDBI Bank divestment offer: Sources

    • 01:15 PM IST

      Indian rupee trade 20 paise lower at 81.72 per dollar

    • 01:10 PM IST


      Goldman Sachs keeps buy rating on Godrej Consumer Products, target at Rs 1,100

    • 12:51 PM IST

      Dolly Khanna up her stake in Talbros Automotive to 1.22 percent in Sept quarter

    • 12:43 PM IST

      Nifty Auto index gains 1 percent supported by the Bharat Forge, TVS Motor, Sona BLW Precision Forgings

    • 12:34 PM IST

      Credit Suisse keeps outperform rating on Interglobe Aviation with a target at Rs 2,350

    • 12:24 PM IST

      BSE Power index added 1 percent led by the JSW Energy, ABB, Adani Power

    • 12:18 PM IST

      CLSA has maintains buy rating on Zee Entertainment Enterprises

    • 12:15 PM IST

      Ujjivan Small Finance Bank's advances and deposit crosses Rs 20,000 crore milestone

    • 11:52 AM IST

      WTO cuts global trade forecast for 2023 to 1%

    • 11:49 AM IST

      Electronics Mart India IPO subscribed 3.11 times on second day of bidding

    • 11:42 AM IST

      Mafia Trends becomes 394th company to get listed on BSE SME Platform

    • 11:38 AM IST

      Nifty PSU Bank index up 1 percent led by the Indian Bank, Canara Bank, Bank of India

    • 11:33 AM IST

      Sharekhan maintains Buy rating on APL Apollo Tubes with a revised Price Target of Rs 1,275

    • 11:29 AM IST

      Atul Auto to consider fund raising on October 8

    • 11:26 AM IST

      Nifty FMCG in red, down 0.3 percent. Godrej Consumer, HUL top losers

    • 11:20 AM IST

      RBL Bank Large Trade | 14.15 lakh shares worth Rs 17.34 crore change hands

    • 11:13 AM IST

      Bharat Forge up 9 percent as September Class 8 orders at highest ever

    • 11:05 AM IST

      Godrej Consumer declines 5 percent as company expects volume drop and decline in EBITDA

    • 11:02 AM IST

      At 11 am, about 2335 shares have advanced, 720 shares declined, and 111 shares are unchanged

    • 10:50 AM IST

      Jefferries expects Nifty to retest 15,500 mark

    • 10:41 AM IST

      BSE Realty index up 2 percent led by the DLF, Indiabulls Real Estate, Sobha

    • 10:24 AM IST

      Bajaj Finance reports strong asset growth but loan bookings disappoint Street

    • 10:11 AM IST

      JSW Energy arm to set up 960 MW capacity of hydro pumped storage project in Maharashtra

    • 10:06 AM IST

      L&T Construction wins orders for its buildings & factories business

    • 09:53 AM IST

      10 year yield hits three month high as JPMorgan continues to keep Indian bonds off its index

    • 09:50 AM IST

      Nifty Metal index rises 1 percent supported by the APL Apollo Tubes, JSW Steel, Vedanta

    • 09:48 AM IST

      Tata Steel divests 19% stake in AL Rimal to Tanmia

    • 09:38 AM IST

      Lodha achieves its best ever Q2 pre-sales performance of Rs 3,148 crore

    • 09:37 AM IST

      BSE Capital Goods index up 1 percent led by the Bharat Forge, Graphite India, BHEL

    • 09:32 AM IST

      Mahindra Lifespace Developers forms joint ventures with Actis

    • 09:29 AM IST

      Electronics Mart India IPO subscribed 1.69 times, QIB portion fully booked

    • 09:27 AM IST

      Nifty Information Technology index rises 1 percent led by the HCL Technologies, Coforge, Infosys

    • 09:24 AM IST

      RBL Bank gross Advances up 12% at Rs 64,677 crore versus Rs 57,939 crore, YoY

    • 09:20 AM IST

      CCI approves ZEE & Bangla Entertainment merger with Culver Max Entertainment

    • 09:06 AM IST

      Glenmark becomes the First Pharmaceutical Company to launch Lobeglitazone in India

    • 09:01 AM IST

      RBL Bank total deposits for Sept 2022 up 5% at Rs 79,407 crore

    • 08:50 AM IST

      Apollo Hospitals to acquire 60% equity stake in Kerala First Health Services

    • 08:42 AM IST

      Asian shares rise, oil extends gains after OPEC+ deal

    • 08:37 AM IST

      JSW Energy to set up 960 MW hydro pump storage project in Maharashtra

    • 08:28 AM IST

      Happiest Minds Technologies board approves raising of Rs 1,400 crore

    • 08:20 AM IST

      Zydus Lifesciences arm gets final USFDA nod to market Brivaracetam tablets

    • 08:12 AM IST

      CCI grants conditional approval to Zee-Sony merger

    • 08:08 AM IST

      US dollar clings to gains as bets on further Fed hikes firm

    • 07:51 AM IST

      Wall Street ends down as two-day rally fizzles on data, Fed message

    • 07:49 AM IST

      SEBI imposes penalty of Rs 1 crore on the IndusInd Bank

    • 07:45 AM IST

      Asian markets trade higher with Nikkei, Kospi up 0.5-1 percent

    • 07:38 AM IST

      SGX Nifty indicates a positive start for the Indian indices

  • IndexPricesChangeChange%
    Sensex60,657.07-6.72 -0.01%
    Nifty 5017,853.75-17.95 -0.10%
    Nifty Bank41,336.15-201.50 -0.49%
    Nifty 50 17,853.75 -17.95 (-0.10%)
    Thu, Feb 09, 2023
    Biggest GainerPricesChangeChange%
    Bajaj Finance6,452.80101.15 +1.59%
    Biggest LoserPricesChangeChange%
    Adani Enterpris1,973.50-190.75 -8.81%
    Best SectorPricesChangeChange%
    Nifty IT30793.8019.80 +0.06%
    Worst SectorPricesChangeChange%
    Nifty Metal5896.00-79.15 -1.32%


  • October 06, 2022 / 04:54 PM IST

    Manish Shah, Independent Technical Analyst

    Nifty gapped higher for the day but it closed at the low of the day giving us a red candle. There was little vertical movement in Nifty during the day. Nifty has now moved above the previous swing low. A breakout below the previous swing low has failed. What we can now expect is a very volatile sideways movement between 18000-17000 for some more time.

    Major support in Nifty is at 17200-17100, any short-term decline to 17200-17100 is a buying level for Nifty. On the upside, Nifty has major resistance at 17550-17600. There should be selling pressure at this level. Expect Nifty to be very volatile in the next couple of days.

    Bank Nifty saw a bit of a decline from the highs and the price action shows a bearish shooting star pattern BNF shows selling pressure from the resistance at the Gap area between 39200-39400. Index could get vulnerable to selling pressure intensifying if it starts to trade below 39100. Below 39100 it has support at 38750. A drop to 38750 will be a safe buying area. On the upside, a break above 39600 will mean a rally to 40100-40500.

  • October 06, 2022 / 04:22 PM IST

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

    Continuing with the positive momentum from the last session, the Nifty opened gap up on October 06. It attempted to stretch higher, however faced resistance near the 50% retracement of the entire September decline. The index stumbled near 17400-17500 & ended near the low point of the day. 20 DMA is also present in this zone, which is adding to the downside pressure.

    Thus, the index looks set to move down to test its key hourly moving averages near 17200. Overall structure shows that the Nifty is poised to form a consolidation in the range of 17000-17500.

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  • October 06, 2022 / 04:02 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities

    The Nifty started to gap up and remained volatile during the day. On the daily chart, a bullish island reversal pattern has been formed.

    The trend is likely to remain positive over the short term. On the lower end, 17,250 may act as crucial support. On the higher end, the index may extend its rally till 17,600-17,700.

  • October 06, 2022 / 03:59 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities



    Weakness in European indices and SGX Nifty slipping into the red prompted investors to cut their bullish bets. But key domestic benchmarks still ended in the green thanks to traders betting big on IT, metals & realty stocks. However, the inflationary concerns worldwide and central banks hiking interest rates persistently has spooked markets and kept investors on tenterhooks on worries of a global slowdown.

    On daily charts, the Nifty has formed a small bearish candle, which is indicating temporary weakness. However, the medium term sentiment is still bullish.

    A fresh uptrend is possible only after the breakout of 17,425 level and above the same, the index could hit 17,500-17,550 levels. On the flip side, below 17,425 the index could slip till 17,200-17,150.

  • October 06, 2022 / 03:52 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services

    The Indian market is maintaining its resilience despite mixed cues from global equities and surging oil prices. Both domestic and foreign investors are supporting the rally.

    The market was also bolstered by expectations on Q2 results session, with improvement in sectors like Metal, IT, and Realty. However, the decision of OPEC to significantly reduce output has increased oil prices, which is slightly unfavourable for importers like India.

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  • October 06, 2022 / 03:36 PM IST

    S Ranganathan, Head of Research at LKP securities

    Markets exhibited resilience amidst optimism and continued its upward momentum from where it left off in the previous session. In a VUCA world, India stands out as a growth market given the incremental momentum witnessed amidst festivities even as we come to an end of Durga Puja. Metals, Media & IT lent good support even as we saw a bout of profit booking in the late afternoon session.

  • October 06, 2022 / 03:35 PM IST

    Rupee Close:

    Indian rupee closed 37 paise lower at 81.89 per dollar against Tuesday's close of 81.52.

  • October 06, 2022 / 03:30 PM IST

    Market Close:

    Indian benchmark indices ended on positive note in the volatile session with Nifty above 17,300.

    At Close, the Sensex was up 156.63 points or 0.27% at 58,222.10, and the Nifty was up 57.50 points or 0.33% at 17,331.80. About 2302 shares have advanced, 1054 shares declined, and 126 shares are unchanged.

    JSW Steel, Hindalco Industries, Coal India, Tata Steel and Larsen and Toubro were among the top Nifty gainers. Bharti Airtel, HUL, HDFC, IndusInd Bank and Britannia Industries were the top losers.

    Among sectors, FMCG and pharma ended marginally lower, while metal, realty, capital goods up 2-3 percent.

    BSE midcap and smallcap indices up 1% each.

  • October 06, 2022 / 03:24 PM IST

    Morgan Stanly View On Bajaj Finance

    Morgan Stanly has kept overweight rating on Bajaj Finance with a target at Rs 8,500 per share.

    The company is back to 30% loan growth and customer franchise up 19% YoY. It has achieved significant ground in deposits, up 15% QoQ, reported CNBC-TV18.

    Bajaj Finance was quoting at Rs 7,406.90, down Rs 82.35, or 1.10 percent on the BSE.

  • October 06, 2022 / 03:19 PM IST

    Manali Petrochemicals gets environmental nod for Propylene Glycol plant

    Environmental Clearance has been granted by the Ministry of Environment, Forest, and Climate Change, Government of India for the project for augmentation of Propylene Glycol capacity in Plant 2 of Manali Petrochemicals.

    The project would be implemented in two phases and the first phase would be completed within 18-21 months of receipt of the other regulatory approvals, such as Consent To Establish from the State Pollution Control Board.

     

 Environmental Clearance has been granted by the Ministry of Environment, Forest, and Climate Change, Government of India for the project for augmentation of Propylene Glycol capacity in Plant 2 of Manali Petrochemicals. 

 The project would be implemented in two phases and the first phase would be completed within 18-21 months of receipt of the other regulatory approvals, such as Consent To Establish from the State Pollution Control Board.
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  • October 06, 2022 / 03:16 PM IST

    Nifty Pharma index in the red, with Gland Pharma, Biocon, Lupin and Granules India down 2 percent each

  • October 06, 2022 / 03:14 PM IST

    BSE Smallcap index added 1.3 percent supported by the Xelpmoc Design and Tech, Everest Industries, Greenlam Industries