Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100

Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline

3:58 PM

Market strategy :: What should be traders strategy in this market?

Nifty has breached the lower band i.e. 19,200 of the broadening formation and now the next crucial support comes at 200 EMA, which currently lies around 18,830 levels. And, it also coincides with the neckline (breakout) area of the previous consolidation range. Meanwhile, global cues and the scheduled expiry of October month derivatives contracts would add to the choppiness. Traders should align their positions accordingly and prefer index majors over others. 

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

3:57 PM

Comment :: 'Investors adopting cautious approach due to expectation of higher interest rate'

Investor sentiment is on edge as tensions in West Asia continue to drag the market. Despite a drop in oil prices and an optimistic view of the progressing Q2 results season, investors took a cautious approach due to the expectation that a higher interest rate scenario would continue slowing future growth.

However, a positive strategy is evident on large-cap stocks, amid growing geopolitical worries and valuation concerns in mid- and small-cap stocks, as overall earnings growth is being sustained.

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

3:54 PM

IPO Update :: Blue Jet Healthcare sails through halfway mark on Day 1

3:52 PM

Bond market :: 10-year bond yield eases Wednesday

3:51 PM

Currency check :: Rupee ends flat at 83.19/$

3:49 PM

Buzzing stock :: Welspun India soars over 11% post Q2 results

3:48 PM

Buzzing stock :: Mahindra Logistics declines 2% on surprise Q2 loss

3:46 PM

Buzzing stock :: Delta Corp surges over 3% as Bombay HC restrains Rs 16,000-cr GST notice

3:44 PM

Broader market :: BSE MidCap index slips 0.5%

3:43 PM

Broader market :: BSE SmallCap index down 0.7%

3:42 PM

Sectoral trends :: Metal, PSU Bank indices rise 0.1% each

3:41 PM

Nifty Losers :: Apollo Hospitals, Adani Ent, SBI Life fall 2% each

3:39 PM

Nifty Gainers :: Tata Steel, Coal India, Hindalco buck weak market trend

3:38 PM

Sensex Heatmap :: 24 of 30 stocks bleed; Airtel, Infy, TaMo top laggards

3:36 PM

Closing Bell :: Nifty ends near 19,100

3:35 PM

Closing Bell :: Sensex tanks over 500 pts Wednesday

3:29 PM

ALERT :: Adani group auditor under NFRA scanner

3:23 PM

Sensex, Nifty in a downward spiral. Are the markets in an oversold zone?

The S&P BSE Sensex has lost nearly 3 per cent thus far in October, and down almost 6 per cent from its 52-week high level of 67927.23 hit on September 15, 2023. READ MORE

3:11 PM

ITC slides to a 5-month low; stock down 5% in 3 days post Q2 results

In past three trading days, the stock of diversified fast moving consumer goods (FMCG) company has dipped 5 per cent after the firm reported a lower-than-expected rise in consolidated net profit for the September quarter (Q2FY24). READ MORE

2:56 PM

Paperless loans: HDFC Bank launches digital banking platform 'XpressWay'

"As we launch this platform during the festive season, we aim to enhance the joy of celebrations. With XpressWay, HDFC Bank opens the door to a faster, more convenient, and enjoyable banking experience," said Parag Rao, Country Head – Payments, Liability Products, Consumer Finance & Marketing, HDFC Bank. READ MORE

2:46 PM

Hong Kong cuts taxes for foreign home buyers, traders for global status

Chief Executive John Lee said the extra stamp duties imposed on non-resident buyers and current local homeowners looking to buy additional properties would be halved, making the first easing over the past decade since property cooling measures were introduced. READ MORE

2:30 PM

Industrial & Logistics sector leasing to touch 5-year high in 2023: CBRE

In terms of the sector, third-party logistics (3PL) players accounted for the lion's share of 50 per cent of the total leasing activity. It was followed by 13 per cent of engineering and manufacturing and 8 per cent of electronics and electrical companies. READ MORE

2:17 PM

IPO Update :: Blue Jet Healthcare issue subscribed 39% so far on Day 1

2:02 PM

Q2 Earnings :: Welspun India posts profit of Rs 17 cr vs Rs 9.7 cr YoY

> Ebitda at Rs 390 cr vs Rs 150 cr YoY

>> Ebitda margin at 15.4% vs 7.1% YoY

1:45 PM

Q2 Earnings :: DreamFolks Services reports PAT of Rs 17.9 cr vs Rs 14.8 cr YoY

>> Ebitda at Rs 24.3 crore vs Rs 19.95 crore YoY

1:36 PM

ALERT:: BSE MidCap down 1%; JSW Energy, Max Healthcare major laggards

1:26 PM

Safe haven gold to trend higher due to geo political uncertainties

“Considered as a safe haven, especially in times of geopolitical uncertainty, gold is expected to trend higher in the immediate term,” said the financial advisory firm. It expects gold prices to remain at $1,990 and $2,030 levels. READ MORE

1:17 PM

ALERT:: BSE SmallCap cracks 1.7%; ITI, Bector Foods tumble 9%

1:05 PM

Stock of this realty firm has zoomed 100% since April; hits record high

Thus far in the month of October, the stock price of Prestige Estates Projects has rallied 34% after the company reported strong business performance for September quarter (Q2FY24). READ MORE

12:52 PM

ALERT:: Sensex down over 400 pts at 64,143