Market Close Highlights, Oct 11: Sensex down 230 pts; Mid, SmallCap indices shine; Tata stocks mixed
Stock Market Close Highlights, Friday, Oct 11: 13 of the 30 Sensex stocks, and 22 of the 50 Nifty stocks closed in the negative zone, led by TCS, M&M, ICICI Bank, Maruti Suzuki, Power Grid, Cipla
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Stock Market Close Highlights, October 11, 2024: Indian stock markets remained in the consolidation mode on Friday. The BSE Sensex today closed at 81,381.36, down 230.05 points or 0.28 per cent, while the NSE Nifty50 ended at 24,964.25, down 34.20 points or 0.14 per cent.
13 of the 30 Sensex stocks, and 22 of the 50 Nifty stocks closed in the negative zone, led by TCS, M&M, ICICI Bank, Maruti Suzuki, Power Grid, Cipla, Adani Enterprises, and Axis Bank. These share prices were down in the range of 1 per cent to 2 per cent.
ALSO READ: Noel's appointment as Tata Trusts' chair signals continuity, BAU, say Analysts
ALSO READ: Noel's appointment as Tata Trusts' chair signals continuity, BAU, say Analysts
The losses were, however, capped by gains in HCL Tech, Trent, Infosys, HCL Tech, HUL, Bharti Airtel, and L&T.
In the broader markets, the BSE MidCap and SmallCap indices outshone the benchmarks with gains of 0.44 per cent each.
Among sectors, the Nifty Pharma index added 1.2 per cent, followed by the Nifty Metal index (0.94 per cent). On the downside, the Nifty Bank index fell the most, down 0.7 per cent.
3:59 PM
Stock Market Highlights LIVE Updates: Nifty50 to breakout on the upside and rally towards 25,350 – 25,500
Nifty opened marginally in the red and consolidated within a narrow range to close in the red down 24 points. The Nifty has been consolidating in the range of 25250 – 24900 since the last three trading sessions. We expect this consolidation to breakout on the upside and rally towards 25350 – 25500 from short term perspective. A breach below 24800 shall weaken the structure and hence should be kept as a stoploss for the long positions.
Bank Nifty has been consolidating in the range of 50900 – 51500 since the last three trading sessions. we expect this consolidation to breakout on the upside and rally towards 52000 from short term perspective.
(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)
3:48 PM
Stock Market Highlights LIVE Updates: Geopolitical tensions influencing FIIs towards affordable markets
The market traded sideways due to a lack of fresh triggers for decisive momentum. The uptick in US 10-year yield due to the unexpected rise in US core inflation and caution ahead of result season added layers of sentiment in the market.
The ongoing geopolitical challenges influenced FIIs to shift their focus towards the affordable markets, which is impacting the domestic market liquidity.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
The ongoing geopolitical challenges influenced FIIs to shift their focus towards the affordable markets, which is impacting the domestic market liquidity.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:45 PM
Stock Market Highlights LIVE Updates: Nifty Pharma, Metal, Healthcare lead sectoral trends
Among sectors, Nifty Pharma was the top winner, advancing 1.19 per cent at close, and was closely followed by Nifty Metal and Nifty Healthcare. On filip side, Nifty Bank, Nifty Financial Services and Nifty Realty led losses.
3:41 PM
Stock Market Highlights LIVE Updates: Broader indices outperform
The broader markets outperformed benchmarks on Friday, as the BSE MidCap index and the BSE SmallCap index both closed 0.44 per cent higher.
3:40 PM
Stock Market Highlights LIVE Updates: Trent, Hindalco, and HCL Tech gain up to 2% on NSE
Trent, Hindalco, HCL Tech, Tech Mahindra and ONGC were the top gainers on the NSE, while TCS and M&M among others led losses.
3:35 PM
Stock Market Highlights LIVE Updates: Heatmap check
HCL Tech, Tech Mahindra, JSW Steel rise 1 per cent each on Sensex, while TCS, M&M and ICICI Bank fall up to 2 per cent at close on Friday.
3:34 PM
Stock Market Highlights LIVE Updates: Nifty ends below 25k
The NSE's Nifty 50 finished at 24,964, down 34 points, or 0.14 per cent.
3:32 PM
Stock Market Highlights LIVE Updates: Sensex ends over 200 pts down
The BSE Sensex closed around 230 points down or 0.28 lower on Friday at 81,381 level.
3:30 PM
Stock Market LIVE updates: Noel's appointment as Tata Trusts' chair signals continuity, BAU: Analysts
It will be business as usual (BAU) for Tata group stocks post Noel Naval Tata’s appointment as the chair of Tata Trusts’, said analysts. The development, they said, will signal continuity. For the markets, it will be a confidence booster as a family member and someone from the ‘Tata’ fold is back at the helm after the passing of Ratan Tata. Read more
3:21 PM
Stock Market LIVE updates: Oberoi Realty's board approves proposal to raise up to Rs 6,000 cr
Oberoi Realty’s board of directors has approved raising up to Rs 6,000 crore in one or more tranches, said the company in an exchange filing on Friday. Funds would be raised “by way of issuance of equity shares, eligible securities, other securities or instruments, or any combination of securities,” it said. Read more
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First Published: Oct 11 2024 | 7:47 AM IST