Sensex, Nifty end flat after choppy day; Titan up 5%, Varroc Engg tanks 7%
CLOSING BELL: The three-day IPO of Electronics Mart India was subscribed 62 times till 3:30 PM
 "BSE, sensex, market, shares, stocks, trading, brokers, investment, investors, growth, results, Q, earnings")
CLOSING BELL
Stock market highlights: Equity markets were volatile on Friday, swinging rapidly during the day, as every bargain buying witnessed selling pressure on top. The S&P BSE Sensex hit a high of 58,269, and a low of 57,851 during the day before closing at 58,191. It slipped 31 points, or 0.05 per cent, compared to Thursday's close.
Stock market highlights: Equity markets were volatile on Friday, swinging rapidly during the day, as every bargain buying witnessed selling pressure on top. The S&P BSE Sensex hit a high of 58,269, and a low of 57,851 during the day before closing at 58,191. It slipped 31 points, or 0.05 per cent, compared to Thursday's close.
The NSE Nifty50, on the other hand, shut shop at 17,315, down 17 points or 0.1 per cent. The benchmark indices were weighed down by energy, IT, FMCG, and financial stocks with Tata Consumer Products, M&M, Coal India, BPCL, SBI, TCS, JSW Steel, Adani Ports, HCL Tech, and ITC being the top laggards. On the upside, Titan Company, IndusInd Bank, PowerGrid, Grasim, and Maruti Suzuki trimmed losses, rising over 1 per cent each.
In the broader markets, the BSE MidCap index fell 0.15 per cent, while the BSE SmallCap index added 0.3 per cent.
Rupee and bond yields
The rupee weakened to a new low against the US dollar on Friday as Federal Reserve officials in the US outlined a large quantum of rate hikes going ahead, leading to a stronger greenback globally. The rupee, which weakened past the 82 per dollar mark for the first time, hit a low of 82.42 per dollar during the day. Its previous low was 81.95 per dollar. READ MORE
Meanwhile, yields on 10-year government bonds were back above 7.5 per cent during the day.
IPO Market :: Electronics Mart India
The three-day issue of the consumer durables company was subscribed 62 times till 3:30 PM with QIB portion at 138 times, NII at 60.4 times, and Retail at 19 times.
Global cues
European markets were mixed on Friday to round out a volatile week, as global investors await a key monthly jobs report out of the United States. The pan-European Stoxx 600 index was fractionally higher by mid-morning, with tech stocks falling 1 per cent while food and beverage stocks gained 0.9 per cent.
Markets in Asia-Pacific retreated on Friday, with Hong Kong's Hang Seng index leading losses, while US stock futures were mixed in early premarket trade.
4:14 PM
COMMODITIES CHECK: Brent Crude climbs above $95 per barrel
source: oilprice.com
4:10 PM
GLOBAL CHECK: US equity futures flat in trade
4:05 PM
TECHNICAL VIEW: Rupak De, Senior Technical Analyst at LKP Securities
The benchmark Nifty remained volatile before closing on a muted note. However, the index has closed above 50 EMA, confirming the ongoing positive trend. Going forward, the trend is expected to remain positive as long as the Nifty sustains above 17300. On the higher end, the 17600-17700 zone may act as resistance, whereas, on the lower end, support is visible at 17200.
4:00 PM
MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services
Prior to the release of the US jobs data, the domestic market traded with cuts in line with its global counterparts. Stronger-than-anticipated job data may lead to a market decline as it could give the Fed more reasons to focus on inflation. Following OPEC+'s announcement of supply reductions, crude prices have continued to rise, while the rupee has dropped to a fresh low as a result of hawkish remarks from Fed officials.
3:55 PM
Over 1,900 stocks advanced while 1,514 declined
3:51 PM
Tata Consumer, BPCL, M&M top Nifty50 losers
3:48 PM
Titan, Power Grid, Grasim top Nifty50 gainers
3:45 PM
Smallcaps outperform benchmark; India VIX slips 2%
3:43 PM
Marginal gains seen in Media, Realty, Private Bank indices
3:40 PM
SENSEX HEATMAP: 12 out of 30 index constituents end in green
3:37 PM
CLOSING BELL: Sensex closes flat at 58,191 levels
3:35 PM
CLOSING BELL: Nifty50 closes flat above 17,300 levels
3:25 PM
Equitas SFB gross advances up by 20% at Rs 22,802 cr at September end
Equitas Small Finance Bank on Friday said its gross advances grew by 20 per cent to Rs 22,802 crore at end of September 2022 quarter. READ MORE
3:19 PM
Lupin ties up with global agencies to support tuberculosis treatment
Drug firm Lupin has tied up with Unitaid, The Aurum Institute, the Clinton Health Access Initiative, and other global procurement agencies to support tuberculosis prevention treatment initiative. READ MORE
3:10 PM
TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY
TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes. READ MORE
Topics : IPO MARKET LIVE MARKET WRAP Markets S&P BSE Sensex NSE Nifty Crisil Buzzing stocks Market news Titan Nykaa
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First Published: Oct 07 2022 | 8:19 AM IST
