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Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%

CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .

SI Reporter New Delhi
markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain

2 min read Last Updated : Oct 13 2022 | 4:17 PM IST

4:13 PM

TECH VIEW :: Nifty may remain within a band over the short term

Nifty remained volatile as the investors stayed on the sidelines ahead of US inflation data. The Nifty breached the psychological 17000 multiple times before closing above it in the final hour. The index has found support at 200DMA for the third consecutive day. The daily RSI is in a bullish crossover. Over the short term, the index may remain within a band. On the lower end, 16950 may act as support; whereas, 17300 may act as resistance on the higher end.

Views by: Rupak De, Senior Technical Analyst at LKP Securities

4:10 PM

Infosys Q2 :: FY23 revenue guidance is revised to 15%-16%; operating margin guidance revised to 21%-22%

4:08 PM

Infosys Q2 :: Operating margins comes in at 21.5%, revenue up 19% YoY

4:05 PM

INFOSYS BUYBACK :: Co to buyback shares worth Rs 9,300 crore

>> The Board approved a proposal for the Company to buyback its own fully paid-up equity shares of face value of ₹ 5/- each
>> For an amount, payable in cash, aggregating up to Rs 9,300 crore
>> For a price not exceeding Rs 1,850 per share through the open market route
 

4:03 PM

MARKET COMMENT :: Retail inflation persisting above desired levels a major concern for Indian economy

Retail inflation persisting above the desired levels has been a major cause of concern for the Indian economy. This, coupled with declining industrial production in August may not be taken well by the market because Indian economy is anticipated to sustain its resilience. In this backdrop, the impending US inflation figures, which are forecasted to remain high, may cause volatility in the global market.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.
 

4:01 PM

Global markets :: US stock futures trade higher ahead of inflation data

4:00 PM

Global markets :: European stocks mixed

>> European markets were mixed on Thursday morning as investors around the world prepare themselves for the latest US inflation data.

Source: CNBC

3:58 PM

Currency Check :: Rupee closes weaker at 82.35/$

>> This is lower than Wednesday's close of 82.31 per USD

Source: Bloomberg

3:58 PM

Bond Market :: Yields on 10-year G-Sec fall marginally

3:55 PM

BSE Stats :: Advance-Decline ratio negative at 1:2

3:54 PM

Top BSE Gainers at Closing Bell

3:54 PM

Top BSE Losers at Closing Bell

3:53 PM

Buzzing stock :: Atul Auto extends rally, surges over 20% in 4 days

3:51 PM

Buzzing stock :: Rama Steel Tubes freezes at 10% upper circuit on warrant issue to Shankar Sharma

3:50 PM

Buzzing stock :: RITES jumps 10.6% on Rs 499-cr order win

Topics :SensexMARKET LIVEMARKET WRAPstock market tradingIndian marketsQ2 resultsHCL TechnologiesWiproInfosys MindTreeNiftyUS InflationFII flowsCrude Oil PriceBSE NSEMarket trendsstocks to watchBuzzing stocksAdani Wilmar

First Published: Oct 13 2022 | 8:05 AM IST