Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead

MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.

3:59 PM

BSE Stats :: Advances outnumber declines; 231 stocks hit upper circuit on Tuesday

3:55 PM

TECH VIEW :: 'Next resistance is visible at 18,300'

After starting higher the Indian Nifty remained strong throughout the session. On the daily chart, the index has moved above the previous swing high. The daily RSI is in bullish crossover. The trend remains strong as long as it remains above 18,000. On the higher end, resistance is visible at 18,300.

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

3:54 PM

MARKET COMMENT :: 'Bulls are driving domestic markets with backing from FIIs'

The bulls are driving the trend in the domestic market with backing from FIIs and the global markets. The PMI numbers show that manufacturing activity in India remained strong in October and that pricing pressures were kept in check as new orders and production increased, albeit slowly. Investors are keeping an eye on the central banks' policy meetings for any indications of a slowdown in the pace of rate hikes.

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

3:52 PM

Bond Market :: Yields on 10-year G-Sec cool off on Tuesday

3:51 PM

CURRENCY CHECK :: Rupee closes higher at 82.70/$

>> This compares with Monday's close of 82.78/$

Source: Bloomberg

3:50 PM

IPO Update :: DCX System subscribed 6x so far on day 2; retail portion at 23x

3:48 PM

Buzzing stocks :: Auto index logs muted gains amid flat MoM sales in October

3:46 PM

Buzzing stock :: NTPC climbs 5% on heavy volume

Shares of NTPC moved higher by over 5 per cent, hitting a nearly five-year high of Rs 183 on the BSE in Tuesday’s intra-day trade, lifted by heavy volumes. Currently, it is quoting at its highest level since December 2017. The stock had hit a record high of Rs 243 on January 15, 2008, data shows. READ MORE

3:44 PM

Buzzing stock :: Sun Pharma cruises near 5-year high post Q2 result; ends 1.7% up

Shares of Sun Pharmaceutical Industries hit a multi-year high of Rs 1,048.25 as they rallied 3 per cent on the BSE in Tuesday's intra-day trade after the drug maker recorded double-digit topline growth, and strong margins in the September quarter (Q2FY23). READ MORE

3:42 PM

Buzzing stock :: Nykaa ends off highs post healthy Q2 show

Shares of FSN e-Commerce Ventures, parent firm of Nykaa, surged 6.5 per cent to Rs 1,233 per share in Tuesday's intra-day trade, after the company's net profit jumped 363 per cent year-on-year (YoY) to Rs 5.1 crore in the July-September quarter (Q2FY23) from Rs 1.1 crore in the year-ago period. READ MORE

3:40 PM

SmallCap losers :: Index ends flat dragged by Motherson Sumi Wiring, Apar Industries

3:39 PM

MidCap winners :: Delhivery, Varun Beverages, Adani Power rally up to 10%

3:38 PM

Broader market check :: BSE MidCap index outruns smallcap peers

3:36 PM

Sectoral trends :: Nifty Bank slips in red post profit booking; Metal, Pharma indices rise 2%

3:34 PM

Sensex Heatmap :: Private banks, RIL slip in late deals; NTPC surges 5%

3:33 PM

CLOSING BELL :: Nifty tops 18,100

3:32 PM

CLOSING BELL :: Sensex ends above 61,000

3:27 PM

Global Check:: US, UK stock futures gain up to 2% ahead of FOMC meet

Source: Investing.com

3:18 PM

RBI's MPC to meet on Nov 3 to discuss first inflation target miss

The special MPC meeting is being held for the first time since the MPC was set up in 2016 because the committee failed to keep retail inflation within the 2-6% target band for 3 consecutive quarters. READ MORE

3:10 PM

Sun Pharma extends gains post September quarter earnings; up 6% in two days

The management said the strong revenue and margins were driven by market share gain in India, sustained ramp-up of the company's global specialty business and growth in Emerging Markets. READ MORE

2:58 PM

Pharma shares may turnaound soon; Cipla, Sun Pharma, Granules can gain 20%

What do expect from pharma stocks over the next few weeks? Here's what technical charts suggest. READ MORE

2:49 PM

State-run telcos MTNL, BSNL line up $2.34 billion debt sales via bonds

Mahanagar Telephone Nigam Ltd and Bharat Sanchar Nigam Ltd intend to raise an aggregate of 193.56 billion Indian rupees through government-guaranteed bonds, the bankers said. READ MORE

2:42 PM

Ashok Leyland October total sales rise 34% to 14,863 units, exports decline

Commercial vehicles maker Ashok Leyland on Tuesday reported a 34 per cent rise in total sales at 14,863 units in October 2022. READ MORE

2:32 PM

Hiring in India IT sector slows down 18% in Oct, shows Naukri report

Hiring in the Indian IT sector slowed down by 18 per cent in the month of October compared to last year, a report showed on Tuesday. READ MORE

 

2:22 PM

ATF price hiked 4.2%, commercial LPG rates cut by Rs 115.5 in Delhi

Jet fuel (ATF) price on Tuesday was hiked by 4.2 per cent but that of commercial LPG used in non-residential establishments such as hotels and restaurants was cut by Rs 115.5 per 19-kg cylinder reflecting global energy trends. READ MORE

2:12 PM

Nykaa climbs 6% after net profit jumps 343% YoY to Rs 5 crore in Q2FY23

Shares of FSN e-Commerce Ventures, parent firm of Nykaa, surged 6.5 per cent to Rs 1,233 per share in Tuesday's intra-day trade, after the company's net profit jumped 343 per cent year-on-year (YoY) to Rs 5.1 crore in the July-September quarter (Q2FY23) from Rs 1.1 crore in the year-ago period. READ MORE

1:57 PM

NTPC surges over 4% on heavy volumes; stock nears 5-year high

Shares of NTPC moved higher by 4.5 per cent, hitting a nearly five-year high of Rs 180.85 on the BSE in Tuesday’s intra-day trade, lifted by heavy volumes. Currently, it is quoting at its highest level since December 2017. The stock had hit a record high of Rs 243 on January 15, 2008, data shows. READ MORE

1:44 PM

ALERT: Sun Pharma Q2 net jumps 50% YoY to Rs 1,213 cr; stock up 2%

Sun Pharma reported a 49.9 per cent jump in Q2 net profit at Rs 1,213 crore for the quarter ended September 2022 as against Rs 809 crore in the corresponding quarter a year ago. Total income was up 20.3 per cent at Rs 5,327 crore.

1:40 PM

Oct Auto Sales :: Tata Motors' total domestic sales rise 17% YoY; EV sales up 158%

Check details here

1:35 PM

GST collection over Rs 1.51 trillion in October, second highest ever

India's tax collection from the sale of goods and services increased to Rs 1.51 trillion in October, driven by festive demand, higher rates, and better tax compliance. READ MORE