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Closing Bell
Financial shares came to the rescue of the benchmark indices for the second straight day, as select index heavyweights weighed under selling pressure.
The BSE benchmark index, the Sensex, opened 120-odd points higher at 61,044, and rallied to a high of 61,420 on the back of fresh buying in early trades. Selling pressure re-emerged in second half of the trading session, with ITC, technology and metal stocks leading the fall. The BSE 30-share index slid to a low of 60,551 - down 869 points from the day's high.
The Sensex eventually ended with a minor loss of 100 points at 60,822. The NSE Nifty from a high of 18,314, dropped to a low of 18,034, and finally settled 63 points lower at 18,115. The India VIX declined 1.8 per cent to 17.70.
HDFC was the major gainer among the Sensex 30 stocks, the stock rose 2.2 per cent to Rs 2,907. Bajaj Auto, Kotak Bank, IndusInd Bank, Axis Bank and Titan were the other notable gainers. Whereas, ITC shed 3.4 per cent at Rs 236.50. Maruti, NTPC, Infosys, Tata Steel, HCL Technologies, Nestle India, Asian Paints, Larsen & Toubro and TCS were the other significant losers.
Among sectors, the Bank Nifty rallied to a fresh all-time high at 40,587, and ended 0.7 per cent higher at 40,315. The Realty index surged 2.4 per cent to 509.75. On the flip side, the NSE Metal index tumbled over 3 per cent to 5,686. The Media index shed 2.3 per cent, while the ITC and Pharma indices were down 1.5 per cent each.
In the broader markets, the BSE Midcap and Smallcap indices were down over a per cent each. The overall breadth too was fairly negative, with 1,967 declining stocks versus 1,327 advancing shares on the BSE.
IRB Infra ended with a gain of 20 per cent at Rs 293 ahead of the company's board meet to consider a proposal for raising funds and Q2 results on October 26. RVNL, HSIL, RITES and Jindal World were some of the other major gainers.
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Markets at 02:30 PM
LIVE market updates: The key benchmark indices continue to languish in the negative owing to considerable weakenss in ITC, Tata Steel and Infosys.
The BSE benchmark index, the Sensex, was down 358 points at 60,565. The NSE Nifty was down 139 points at 18,039.
The broader markets were trading with deeper cuts, with the BSE Midcap index down 1.1 per cent and the Smallcap index down 1.4 per cent. The breadth too was extremely negative, with 2,127 declining stocks versus 1,123 advancing shares on the BSE.
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Markets at Lunch (01:30 PM)
LIVE market updates: The key benchmark indices slipped into the negative zone in noon deals on the back of heavy selling pressure in select index heavyweights like Infosys, ITC and Tata Steel.
The BSE benchmark index, the Sensex, which touched a high of 61,420 in morning trade, had dropped to a low of 60,659, and was quoted at 162 points lower at 60,761. The NSE Nifty was down 70 points ata 18,108.
Financials led by HDFC and Reliance up to a certain extend helped in limiting the day's losses.
In the broader markets, Housing finance companies traded with significant losses after reporting Q2 numbers. Both, LIC Housing Finance and Can Fin Homes were down 8 per cent each. READ MORE
KEC International surged 12 per cent to a record high of Rs 522 after the company announced that it has secured new orders of Rs 1,829 crore across its various businesses. READ MORE
Meanwhile, the European markets have started the day on a positive note. The CAC 40 was up a per cent, and DAX 30 added 0.6 per cent. The FTSE 100 was up 0.4 per cent in opening trades.
Elsewhere in Asia, the Nikkei, Hang Seng and Straits Times ended the day with gains in the range of 0.3-0.5 per cent. China's Shanghai Composite was down 0.3 per cent, while S&P/ASX 200, Kospi and Taiwan Weighted ended on a flat note.
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Markets at noon
LIVE market updates: The frontline indices turned volatile in the noon deals on Friday as profit booking in metals, IT, pharma, and auto stocks dragged markets lower. However, gains in banking, and RIL shares, capped downside.
At 12:15 PM, the BSE Sensex was at 60,926, up just 3 points, while the Nifty50 index slipped into the red, down 30 points at 18,148.
In the broader markets, the BSE MidCap and SmallCap indices slipped up to a per cent each.
Among individual stocks, Vedanta, Nalco, Hindustan Copper, and Coal India from the metals pack, fell between 3 and 7 per cent, while those from the IT space, including Mindtree, LTI, LTTS, and Infosys fell in the range of 2 to 9 per cent.
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Markets at 11 AM
LIVE market updates: Banking and financial stocks, along with select heavyweights like Reliance Industries, L&T, and HUL, were leading from the front on the bourses during the late morning deals on Friday.
At 11:05 AM, the BSE barometer of 30 shares was 61,343 levels, up 419 points, while the NSE Nifty50 index held above the 18,250 mark.
The Nifty Bank index was at its fresh all-time-high level of 40,506 supported by gains in IDFC First Bank (up 3 per cent), RBL Bank, Kotak Bank, HDFC Bank, Axis Bank, and SBI.
Shares of RIL, meanwhile, were up around 1.5 per cent ahead of its Q2 results, slated to be announced later in the day.
In the broader markets, the BSE MidCap and SmallCap indices were underperforming the benchmarks, rising up to 0.2 per cent only.
Among stocks, TVS Motors (up 8 per cent), Indian Bank, Muthoot Finance, and Oberoi Realty in the mid-cap space and RVNL, IRB Infra, and KEC were ruling the charts in the small-cap space.
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Markets at 10 AM
LIVE markets update: The benchmark indices are holding on to their opening highs, although some pressure in the metal space is capping gains.
At 10:05 AM, the BSE Sensex index was at 61,327 levels, up 403 points or 0.66 per cent. It touched an intra-day high of 61,420 levels earlier today.
It's NSE counterpart, too, was off the morning high of 18,314 level, and quoted at 18,281 level, up 103 points.
Among individual stocks, shares of the Indian Energy Exchange (IEX) rallied 10 per cent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1.
Financial shares came to the rescue of the benchmark indices for the second straight day, as select index heavyweights weighed under selling pressure.
The BSE benchmark index, the Sensex, opened 120-odd points higher at 61,044, and rallied to a high of 61,420 on the back of fresh buying in early trades. Selling pressure re-emerged in second half of the trading session, with ITC, technology and metal stocks leading the fall. The BSE 30-share index slid to a low of 60,551 - down 869 points from the day's high.
The Sensex eventually ended with a minor loss of 100 points at 60,822. The NSE Nifty from a high of 18,314, dropped to a low of 18,034, and finally settled 63 points lower at 18,115. The India VIX declined 1.8 per cent to 17.70.
HDFC was the major gainer among the Sensex 30 stocks, the stock rose 2.2 per cent to Rs 2,907. Bajaj Auto, Kotak Bank, IndusInd Bank, Axis Bank and Titan were the other notable gainers. Whereas, ITC shed 3.4 per cent at Rs 236.50. Maruti, NTPC, Infosys, Tata Steel, HCL Technologies, Nestle India, Asian Paints, Larsen & Toubro and TCS were the other significant losers.
Among sectors, the Bank Nifty rallied to a fresh all-time high at 40,587, and ended 0.7 per cent higher at 40,315. The Realty index surged 2.4 per cent to 509.75. On the flip side, the NSE Metal index tumbled over 3 per cent to 5,686. The Media index shed 2.3 per cent, while the ITC and Pharma indices were down 1.5 per cent each.
In the broader markets, the BSE Midcap and Smallcap indices were down over a per cent each. The overall breadth too was fairly negative, with 1,967 declining stocks versus 1,327 advancing shares on the BSE.
IRB Infra ended with a gain of 20 per cent at Rs 293 ahead of the company's board meet to consider a proposal for raising funds and Q2 results on October 26. RVNL, HSIL, RITES and Jindal World were some of the other major gainers.
___________________________________________________________________________________________
Markets at 02:30 PM
LIVE market updates: The key benchmark indices continue to languish in the negative owing to considerable weakenss in ITC, Tata Steel and Infosys.
The BSE benchmark index, the Sensex, was down 358 points at 60,565. The NSE Nifty was down 139 points at 18,039.
The broader markets were trading with deeper cuts, with the BSE Midcap index down 1.1 per cent and the Smallcap index down 1.4 per cent. The breadth too was extremely negative, with 2,127 declining stocks versus 1,123 advancing shares on the BSE.
_________________________________________________________________________________________
Markets at Lunch (01:30 PM)
LIVE market updates: The key benchmark indices slipped into the negative zone in noon deals on the back of heavy selling pressure in select index heavyweights like Infosys, ITC and Tata Steel.
The BSE benchmark index, the Sensex, which touched a high of 61,420 in morning trade, had dropped to a low of 60,659, and was quoted at 162 points lower at 60,761. The NSE Nifty was down 70 points ata 18,108.
Financials led by HDFC and Reliance up to a certain extend helped in limiting the day's losses.
In the broader markets, Housing finance companies traded with significant losses after reporting Q2 numbers. Both, LIC Housing Finance and Can Fin Homes were down 8 per cent each. READ MORE
KEC International surged 12 per cent to a record high of Rs 522 after the company announced that it has secured new orders of Rs 1,829 crore across its various businesses. READ MORE
Meanwhile, the European markets have started the day on a positive note. The CAC 40 was up a per cent, and DAX 30 added 0.6 per cent. The FTSE 100 was up 0.4 per cent in opening trades.
Elsewhere in Asia, the Nikkei, Hang Seng and Straits Times ended the day with gains in the range of 0.3-0.5 per cent. China's Shanghai Composite was down 0.3 per cent, while S&P/ASX 200, Kospi and Taiwan Weighted ended on a flat note.
_______________________________________________________________________________________
Markets at noon
LIVE market updates: The frontline indices turned volatile in the noon deals on Friday as profit booking in metals, IT, pharma, and auto stocks dragged markets lower. However, gains in banking, and RIL shares, capped downside.
At 12:15 PM, the BSE Sensex was at 60,926, up just 3 points, while the Nifty50 index slipped into the red, down 30 points at 18,148.
In the broader markets, the BSE MidCap and SmallCap indices slipped up to a per cent each.
Among individual stocks, Vedanta, Nalco, Hindustan Copper, and Coal India from the metals pack, fell between 3 and 7 per cent, while those from the IT space, including Mindtree, LTI, LTTS, and Infosys fell in the range of 2 to 9 per cent.
_______________________________________________________________________________
Markets at 11 AM
LIVE market updates: Banking and financial stocks, along with select heavyweights like Reliance Industries, L&T, and HUL, were leading from the front on the bourses during the late morning deals on Friday.
At 11:05 AM, the BSE barometer of 30 shares was 61,343 levels, up 419 points, while the NSE Nifty50 index held above the 18,250 mark.
The Nifty Bank index was at its fresh all-time-high level of 40,506 supported by gains in IDFC First Bank (up 3 per cent), RBL Bank, Kotak Bank, HDFC Bank, Axis Bank, and SBI.
Shares of RIL, meanwhile, were up around 1.5 per cent ahead of its Q2 results, slated to be announced later in the day.
In the broader markets, the BSE MidCap and SmallCap indices were underperforming the benchmarks, rising up to 0.2 per cent only.
Among stocks, TVS Motors (up 8 per cent), Indian Bank, Muthoot Finance, and Oberoi Realty in the mid-cap space and RVNL, IRB Infra, and KEC were ruling the charts in the small-cap space.
______________________________________________________________________________________
Markets at 10 AM
LIVE markets update: The benchmark indices are holding on to their opening highs, although some pressure in the metal space is capping gains.
At 10:05 AM, the BSE Sensex index was at 61,327 levels, up 403 points or 0.66 per cent. It touched an intra-day high of 61,420 levels earlier today.
It's NSE counterpart, too, was off the morning high of 18,314 level, and quoted at 18,281 level, up 103 points.
Among individual stocks, shares of the Indian Energy Exchange (IEX) rallied 10 per cent to Rs 832.85 on the BSE in Friday’s intra-day trade, after the company posted strong earnings for the second quarter ended September 2021 (Q2FY21) and also announced bonus shares in the ratio of 2:1.
The stock, however, partially pared gains and was trading 4 per cent higher at Rs 789.15 on the BSE. READ MORE
