Sensex Nowadays | Stock Market LIVE Updates: GIFT Nifty indicators a obvious delivery; Asian shares replace elevated
02 Nov, 2023 | 07:33:55 PM IST
Tech Spy: Nifty on Thursday ended 144 facets elevated to invent a high-wave style candle pattern on the day-to-day chart.
The non eternal uptrend living of Nifty stays intact and there is a possibility of Nifty transferring in direction of 19200-19300 ranges again in the coming sessions sooner than consolidating again from the highs. Immediate make stronger is positioned around 19050-19000 ranges, stated Nagaraj Shetti of HDFC Securities.
OI knowledge confirmed that on the Call aspect, the absolute top OI turned into as soon as noticed at 19200 adopted by 19500 strike prices whereas on the put aspect, the absolute top OI turned into as soon as at 19000 strike mark. Alternatively, Monetary institution Nifty has make stronger at 42900-42700 whereas resistance is positioned at 43350-43500 ranges.
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Larsen & Toubro raises Rs 1,500 crore by approach of 1.5 lakh NCDs
Infrastructure foremost Larsen and Toubro (L&T) on Thursday stated it has raised Rs 1,500 crore via Non-Convertible Debentures (NCDs). The debentures are proposed to be listed on the Nationwide Stock Alternate, L&T stated in a regulatory filing.
“The firm has this day (Thursday) issued and disbursed 1,50,000 rated, listed, unsecured, redeemable, non-convertible debentures of Rs 1 lakh every aggregating to Rs 1,500 crore maturing on Could well 2, 2025,” it stated.
The NCDs were issued at a coupon rate of 7.58%.
Larsen & Toubro is an Indian multinational engaged in EPC (engineering, procurement and development) projects, hi-tech manufacturing and services. It operates in over 50 worldwide locations.
US stocks open elevated on bets of conclude to Fed’s rate hikes
Wall Avenue’s foremost indexes opened elevated on Thursday on hopes that the US Federal Reserve had reached the conclude of its tightening marketing campaign, whereas a raft of upbeat company updates added to the bullish mood.
The Dow Jones Industrial Common rose 183.24 facets, or 0.55%, at the open to 33,457.82.
The S&P 500 opened elevated by 30.40 facets, or 0.72%, at 4,268.26, whereas the Nasdaq Composite won 169.02 facets, or 1.29%, to 13,230.49 at the gap bell.
Oil rises 1% after Fed, BoE procure rates unchanged
Oil won 1% on Thursday to snap a 3-day decline as chance slip for meals returned to financial markets after the U.S. Federal Reserve kept benchmark curiosity rates on procure.
Brent uncouth futures were up 91 cents, or 1.08%, at $85.54 a barrel by 1250 GMT, whereas U.S. West Texas Intermediate uncouth futures won 83 cents, or 1.03%, to $81.27 a barrel.
Oil’s rally tracked beneficial properties across financial resources after the Fed kept its benchmark curiosity rate unchanged at 5.25%-5.50% at its most up-to-date meeting on Wednesday.
Pound rises after BoE holds rate original and suggestions out mercurial cuts
The pound rose and UK govt bond yields recovered some flooring on Thursday after the Monetary institution of England held curiosity rates at a 15-year high.
The Monetary institution kept borrowing prices unchanged at 5.25% but burdened out it did not intend to crop rates any time soon. Sterling turned into as soon as final up 0.44% at $1.2204. It turned into as soon as trading around 0.35% elevated sooner than the BoE resolution at $1.2193.
The yield on the benchmark 10-year UK bond, additionally identified as a Gilt, turned into as soon as final down 11 foundation facets (bps) on the day at 4.393%. It traded at around 4.387% earlier on.
Britain’s FTSE 100 stock index turned into as soon as final up 1.06%, having traded 1.23% elevated sooner than the BoE resolution.
Akzo Nobel India Q2 Results: Rep profit rises 44% to Rs 94.2 crore
Paints and coatings maker Akzo Nobel India Ltd on Thursday reported a 44.03% extend in its consolidated fetch profit to Rs 94.2 crore for the September quarter. The firm had posted a fetch profit of Rs 65.4 crore in the year-ago duration, in conserving with a regulatory filing by Akzo Nobel.
Its revenue from operations turned into as soon as up 3.24% to Rs 956.3 crore at some level of the 2d quarter of the unique fiscal as in opposition to Rs 926.2 crore in the corresponding duration of the previous fiscal.
Stock Market Highlights: Nifty kinds high wave style candle. What traders ought to gentle style on Friday
Nifty on Thursday ended 144 facets elevated to invent a high wave style candle pattern on the day-to-day chart.
The non eternal uptrend living of Nifty stays intact and there is a possibility of Nifty transferring in direction of 19200-19300 ranges again in the coming sessions sooner than consolidating again from the highs. Immediate make stronger is positioned around 19050-19000 ranges, stated Nagaraj Shetti of HDFC Securities.
OI knowledge confirmed that on the Call aspect, the absolute top OI turned into as soon as noticed at 19200 adopted by 19500 strike prices whereas on the put aspect, the absolute top OI turned into as soon as at 19000 strike mark. Alternatively, Monetary institution Nifty has make stronger at 42900-42700 whereas resistance is positioned at 43350-43500 ranges.
Monetary institution of England holds rates at 5.25%, suggestions out mercurial cuts to abet economy
The Monetary institution of England held curiosity rates at a 15-year peak as it kept up its battle in opposition to the absolute top inflation amongst the world’s extensive prosperous economies, and it burdened out that it did not put a query to to crop them any time soon.
Euro zone two-year yields at two-month low as bonds jump abet
Two-year govt bond yields in the euro zone hit their lowest in around two months on Thursday, and Italian bonds outperformed across the curve, as markets globally welcomed what they noticed as a dovish message from the Federal Reserve.
Germany’s two-year yield dropped as low as 3.01% in early trading, down around 4 foundation facets to its lowest since Sept 4.
Italy’s two-year yield dropped 9 bps to a pair of.695%, additionally its lowest in practically two months, as European rates adopted strikes in U.S. Treasuries that noticed the two year Treasury yield drop to 4.925%, its lowest in over three weeks and a whisker off its lowest in two months.
The Indian business autos sector confirmed original enhance in Q2 FY24 aligned to the upward thrust in economic exercise. Ourdomestic sales grew 6% with extra possibilities experiencing the benefits of decrease ownership prices, natty mark provides andricher parts of our upgraded BS6 part II differ of autos. In M&HCV phase, we delivered 24% enhance YoY aided bytailwinds from govt’s sustained thrust on infrastructure development, strong request for replacements, enhance incore sectors, and continuing enhance in the e-commerce sector. Concerted actions are underway to step up our competitivegrowth in the SCV phase. Going forward, with enchancment in consumption, onset of festive season and differ boundinflation, we put a query to these tailwinds to continue whereas closely monitoring any rising headwinds in rural request due tothe below average rainfall
– Girish Wagh, Government Director, Tata Motors
Tata Motors Q2 Results: Key Highlights
- Earnings at 105.1K Cr (+32.1%)
- EBITDA at Rs 14.4KCr (+86.4%)
- PBT (bei) Rs 6.1K Cr (+7.9 KCr)
- Automobile Free Money Flows Rs 3.9K Cr (+2.9 KCr)
- JLR Earnings £6.9b up 30.4%, EBITDA at 14.9% (+430 bps), EBIT at 7.3% (+630 bps)
- Tata CV Earnings Rs 20.1K Cr, up 22.3%, EBITDA at 10.4% (+540 bps), EBIT at 7.9% (+560 bps)
- Tata PV Earnings Rs 12.2K Cr, down 3.0%, EBITDA at 6.5% (+110 bps), EBIT at 1.8% (+140 bps)
Tata Motors Q2 Results: PAT at Rs 3764 crore vs poll of Rs 4315 crore
Top gainers & losers in closing replace
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Closing Bell: Sensex resumes rally after 2-day damage, surges 490 pts; Nifty above 19,100; Tata Steel, TaMo fabricate 2% every
Dabur Q2 Results: Rep profit rises 5% YoY to Rs 515 crore
Sensex Nowadays | Stock Market LIVE Updates | Adani Enterprises Q2 Results: Key Highlights
- Consol PAT plunges 51% YoY to Rs 228 crore
- EBIDTA elevated by 43% to Rs. 5,874 cr
- Money Accruals1
- elevated by forty eight% to Rs. 2,733 cr
- Incubating resources backed EBIDTA elevated by 111% to Rs. 2,825 cr
- Incubating resources backed agencies PBT elevated by 22x to Rs. 1,210 cr
Stock Market LIVE Updates | Adani Enterprises Q2 Results: PAT at Rs 228 crore
Sensex Nowadays | Stock Market LIVE Updates | The United Arab Emirates is concentrated on investing as worthy as $50 billion in India, its 2d-very most attention-grabbing trading accomplice, as part of a broader wager on the world’s quickest-increasing foremost economy, Bloomberg reported.
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Sensex Nowadays | Stock Market LIVE Updates | Adani Energy shares surge over 7% after firm posted 848% enhance in its fetch profit at Rs 6,594 crore in Q2
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Ludlow Jute & Specialities says fire incident at Ludlow Jute Mills Chengail, Howrah
- Fireplace turned into as soon as controlled on time and there were no accidents led to
- The leisure of production operations at co premises are for the time being fashioned as fashioned with none impact
- In course of of ascertaining cause for fire, and loss
Sensex Nowadays | Stock Market LIVE Updates | Adani Energy Q2 Results: PAT at Rs 6,594 cr vs Rs 696 cr YoY
Earnings: Rs 12,991 cr vs Rs 7,044 cr YoY
Sensex Nowadays | Stock Market LIVE Updates: Sapphire Meals India Q2 Results
- PAT at Rs 15.34 crore vs Rs 26.89 crore YoY
- Earnings at Rs 643 crore vs Rs 563 crore YoY
Oil rises 1% after Fed retains rates unchanged
Oil won 1% on Thursday to snap its three-day decline, as chance slip for meals returned to financial markets after the U.S. Federal Reserve kept benchmark curiosity rates on procure.Brent uncouth futures rose 82 cents, or 1%, to $85.45 a barrel by 0657 GMT, whereas U.S. West Texas Intermediate uncouth futures evolved 83 cents, additionally 1%, to $81.27 a barrel.
Sensex Nowadays | Stock Market LIVE Updates: Godrej Properties Q2 PAT rises to Rs 66.8 crore
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Honasa IPO subscribed 2.5x on Day 3
Sensex Nowadays | Stock Market LIVE Updates | Ace investor Vijay Kedia has raised his stake in Atul Auto by 450 bps in the September ended quarter taking his overall equity in the three-wheeler maker to 18.20 as in opposition to 13.70% in the June ended quarter.
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Sensex Nowadays | Stock Market LIVE Updates: Top gainers & losers at this hour
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Sensex Nowadays | Stock Market LIVE Updates:Zydus Lifesciences on Thursday stated it has joined fingers with oncology firm Guardant Effectively being to jointly promote a portfolio of liquid and tissue biopsy tests across India and Nepal. The agencies procure inked a co-marketing agreement to jointly promote the Guardant360 portfolio in India and Nepal.
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Coal India says stock at CIL’s pitheads stood at 41 MTS ending october
- Confident of breaching annual provide target of 610 MTS to strength sector
Sensex Nowadays | Stock Market LIVE Updates: DB Realty in center of attention
— ETNOWlive (@ETNOWlive)
Sensex Nowadays | Sensex off day’s high, up only 250 facets
PSP projects Q2 Results: Consol fetch profit at Rs 38.52 cr versus Rs 21.55 cr; consol revenue from operations at Rs 620 cr versus Rs 360 cr
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Sensex Nowadays | Stock Market LIVE Updates: CLSA raises REC target mark to Rs 340 per part from Rs 260 per part
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Sensex Nowadays | Stock Market LIVE Updates: JK Tyre shares zoom 14% after strong Sep quarter earnings
Shares of JK Tyre & Industries on Thursday jumped 14 per cent to achieve the 52-week high after the firm’s consolidated fetch profit surged 5-fold in the September 2023 quarter. The stock rallied 13.94 per cent to Rs 351.05 — its 52-week high — on the BSE. On the NSE, it zoomed 13.98 per cent to achieve its 52-week high of Rs 351.25.
JK Tyre & Industries on Wednesday stated its consolidated fetch profit surged 5-fold to Rs 249 crore for the September quarter, riding on a robust performance in the domestic market. Rep revenues in the 2d quarter elevated to Rs 3,905 crore from Rs 3,764 crore in the year-ago duration.
Sensex Nowadays | Stock Market LIVE Updates | Tata Consultancy Companies and products launches original gen AI-powered cyber insights platform on Amazon Security Lake.
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Sensex Nowadays | Stock Market LIVE Updates: Skipper wins original inform of Rs 924 crore
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Sensex Nowadays | Stock Market LIVE Updates | Mangalore Chemicals and Fertilisers resumes production of Ammonia and Urea on November 2.
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Sensex Nowadays | Stock Market LIVE Updates: Kore Digital says starting original mission of inserting in 4 telecom ducts between Thane and Bhivandi for revenue of Rs 200 million
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Sensex Nowadays | Stock Market LIVE Updates: Inform Monetary institution of India is concentrated on raising up to 100 billion rupees ($1.20 billion) via sale of Basel III-compliant extra tier-I perpetual bonds, three service provider bankers stated on Thursday.
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Sensex Nowadays | Stock Market LIVE Updates | Tata Steel turned into as soon as trading nearly 1% decrease as the firm reported a Rs 6,196 crore loss in the September quarter of FY24.
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Sensex Nowadays | Stock Market LIVE Updates: Nitiraj Engineers says obtained inform for Rs 18.17 crore; stock rallies 5%
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Sensex Nowadays | Stock Market LIVE Updates: Monetary institution of India, Central Monetary institution amongst high gainers from PSU banking pack
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Sensex Nowadays | Stock Market LIVE Updates | LIC Housing Finance: Co reports nearly four-fold rise in profit in 2d quarter, aided by mortgage request.
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Sensex Nowadays | Stock Market LIVE Updates | Kotak Mahindra Monetary institution says Zurich to fabricate a 51% stake in Kotak General Insurance protection
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Sensex Nowadays | Stock Market LIVE Updates | Godrej Particular person Merchandise: Co posts nearly 21% year-on-year rise in fetch profit in September quarter.
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Sensex Nowadays | Stock Market LIVE Updates | GAIL signs deal with BPCL for a 15-year provide of propane for its upcoming petrochemical plant in Maharashtra; provide contract is estimated to procure a mark above 630 billion rupees.
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Rupee rises 8 paise to 83.20 in opposition to US dollar in early replace
Sensex Nowadays | Stock Market LIVE Updates | Earnings Impact: Britannia surges 3%, Tata Steel slips
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Sensex Nowadays | Stock Market Spy: Dr. V Okay Vijayakumar, Chief Funding Strategist at Geojit Monetary Companies and products.
Despite the incontrovertible fact that the conclude resolution of the Fed turned into as soon as on expected traces, the commentary turned into as soon as not hawkish as the market feared. The Fed chief Jerome Powell’s snarl that “despite elevated inflation, the lengthy inch inflation expectations remain well anchored” turned into as soon as taken by the market as a a small of dovish assertion. The implication of this assertion is that the Fed could also merely not hike rates again on this rate mountain mountain climbing cycle. This ability that the bond yields declined sharply. The benchmark 10-year bond yield declined 17 bp to 4.75 p.c and the equity markets answered positively.
In the shut to-term, the dollar index at 106.3, Brent uncouth at around $85 and the 10-year US bond yield at 4.75 % are favourable for stock markets. There is a possibility that the FIIs who were sustained sellers in October could also merely flip investors and if that happens, short-covering can grab markets elevated despite the uncertainty surrounding the Israel-Hamas warfare.
From the valuation and enhance standpoint, leading banks provide factual shopping opportunities. IT can stage a comeback.
Sensex Nowadays | Stock Market LIVE Updates | Maruti Suzuki India: Car maker receives explain trigger observe from Agra’s local metrology department for not declaring most retail mark (MRP) on listed merchandise on the market on the expert web site.
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Sensex Nowadays | Stock Market LIVE Updates | IOC, REC amongst most lively stocks in morning replace
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Opening Bell: Sensex surges 500 facets, Nifty above 19,100; JK Tyre soars 12%, RailTel 5%
Sensex Nowadays | Stock Market LIVE Updates: Natco Pharma finished USFDA inspection of co’s compliance to Pharmacovigilance requirements with zero observations
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Sensex Nowadays | Stock Market LIVE Updates: Pre-open session: Sensex rises 440 facets; Nifty above 19,115
Va Tech Wabag wins inform price 215 Million Tunisian Dinars; Explain for a 345 MLD water therapy mission from Sonede, Tunisia
Sensex Nowadays | Stock Market Spy: Dhawal Ghanshyam Dhanani, Fund Supervisor, SAMCO Mutual Fund on Fed
Unsettled world inform and yet to impact economic activities in consequence of alleviated curiosity rates, US Fed has taken an most attention-grabbing design by conserving curiosity rates unchanged for 2d consecutive time, raising hopes of pivot by market participants. Wait and glimpse is what the US Fed is doing and so ought to gentle the traders.
Sensex Nowadays | Stock Market Spy: Prashanth Tapse, Senior VP (Evaluate), Mehta Equities
The unique market panorama reflects the Federal Reserve declaring its benchmark lending rate between 5.25% and 5.5%, leading to Wall Avenue indices largely gaining amid signs of elevated inflation and economic expansion. The center of attention is now on the upcoming jobs file for October. There’s one unhealthy knowledge and two gadgets of factual knowledge: FIIs sold shares price Rs. 1817 crores in the day gone by’s replace, with total selling in October at Rs. 30,827 crores. On the obvious aspect, WTI Oil prices dropped below $81 a barrel despite Middle East tensions, and the Federal Reserve, whereas hinting at future rate hikes, has left markets speculating on the conclude of the unique mountain mountain climbing cycle. Technical evaluation indicates scheme back risks for Nifty and Monetary institution Nifty, and Nifty’s alternatives knowledge suggests a trading differ between 18500 and 19200. Additionally, stock ideas encompass a bullish see on INDIAN HOTELS, CANARA BANK, PNB, and HINDALCO. Lastly, the article highlights the most well-most standard stock to procure, OBEROI REALTY, and lists the upcoming Q2 outcomes for diverse firms.
Sensex Nowadays | Stock Market LIVE Updates: Dollar tracks Treasury yields decrease as Fed stays on procure
The dollar fell broadly on Thursday, tracking a trot in U.S. Treasury yields as markets grew extra convinced the Federal Reserve turned into as soon as performed with its aggressive financial protection tightening cycle after it left rates unchanged.
Sensex Nowadays | Stock Market LIVE Updates: Gold beneficial properties as dollar, yields proceed after Fed retains rates original
Gold prices edged elevated on Thursday, as the U.S. dollar and bond yields slipped after the Federal Reserve held curiosity rates original and acknowledged the tighter financial instances confronted by agencies and households.
