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Market Highlights: Sensex snaps 3-day losing run, gains 218 pts; Axis Bank up 5%, Infosys down 4%

Stock Market Close Highlights Today, Oct 18: The Nifty50, too, ended at 24,854.05, up 104.16 point. Axis Bank, ICICI Bank, HDFC Bank, and RIL led the rally market today

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BSE, stock market

Share Market Today: Foreign institutional investors net sold equities worth Rs 7,421.40 crore on Thursday, while domestic institutional investors net bought shares worth Rs 4,979.83 crore during the day's trading session. (Photo: Bloomberg)

Stock Market Close Highlights today, Friday, October 18: After starting weak, India stock markets staged a smart recovery, thanks to a firm rally in bank and financial shares. The BSE Sensex snapped its three-day losing run to close 218 points, or 0.27 per cent, higher at 81,224.75 level. The Nifty50, too, ended at 24,854.05, up 104.16 points or 0.42 per cent.

Most of these gains were contributed by Axis Bank (up 5.6 per cent) on the Sensex, followed by ICICI Bank (2.8 per cent), HDFC Bank, Reliance Industries, SBI, and Tata Motors. Percentage gain-wise, Axis Bank, ICICI Bank, Tata Steel, TaMo, NTPC, JSW Steel, SBI, Sun Pharma, Adani Ports, and Bajaj Finserv were top Sensex gainers today.

The benchmarks, however, ended off the day's high amid losses in Infosys (down 4.4 per cent), Asian Paints, Nestle India, Tech M, HUL, Titan Company, and FMCG. The Sensex hit an intrady high of 81,391.15 today, and the Nifty hit 24,886.20 

In the broader markets, the BSE MidCap index added 0.21 per cent, but the BSE SmallCap slipped 0.16 per cent. 

Among sectors, the Nifty Private Bank index advanced 1.9 per cent, the Nifty Metal index 1.57 per cent, and the Nifty Bank 1.57 per cent. On the contrary, the Nifty IT index slipped 1.47 per cent and the Nifty FMCG index 0.51 per cent. 
4:02 PM

Stock Market Close Highlights: 'A decisive move above 24,900 could induce a short-term rally'

'The Nifty has moved up sharply after forming a panic bottom around 24,570, failing to sustain below 24,700. On the hourly chart, a positive divergence is visible on the RSI (14), indicating a shift toward positive price momentum. Immediate resistance is seen at 24,900, which previously acted as support. A decisive move above 24,900 could induce a short-term rally. The trend is likely to remain strong as long as the Nifty stays above 24,750.'
 
Views by: Rupak De, Senior Technical Analyst, LKP Securities
4:01 PM

Stock Market Close Highlights: 'Market bouced back from oversold levels led by financials and metals'

'After the morning sell-off, the market bounced from the oversold level driven by selective buying in financials, auto and metals stocks. Initial set of results from private banks were positive, building an expectation that the upcoming set of financial results in the weekends will also be optimistic. The metals also performed well, benefiting from a slightly better-than-expected growth in China's Q3 GDP. Consecutive rate cuts by the ECB supported rate sensitive stocks.'
 
Views by: Vinod Nair, Head of Research, Geojit Financial Services
3:50 PM

Stock Market Close Highlights: The overall market breadth was marginally negative; 213 stocks hit 52-week high

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3:48 PM

Stock Market Close Highlights: Sectorally financials and metals led the market up move; IT stocks declined

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3:47 PM

Stock Market Close Highlights: Top 5 smallcap winners zoomed over 10% today; Manappuram Finance tanked 13%

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3:40 PM

Stock Market Close Highlights: Paytm, Zee shine among MidCaps; Indraprastha Gas slumps 10%

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3:37 PM

Stock Market Close Highlights: Private bank shares shine among Sensex 30, Axis Bank zooms 6%; Infy plunges 4%

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3:35 PM

Stock Market Close Highlights: NSE Nifty 50 index hit a low at 24,568; settled with a gain of 104pts at 24,854

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3:33 PM

Stock Market Close Highlights: Sensex takes sharp U-turn, gains 980 from day's low; ends 218 points higher

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3:22 PM

Stock Market LIVE Updates: LTIMindtree shares crash 6.5% after Q2 results; Should you buy, sell, hold?

The drop in LTIMIndtree shares came after the information technology (IT) company's management gave a cautious commentary for growth in the October-December quarter (Q3) of the current financial year 2024-25 (FY25). READ MORE

LTIMindtree

3:13 PM

Stock Market LIVE Updates: Motilal Oswal stock zooms 109% within 3 months; marketcap tops Rs 62,000 crore

At 02:38 pm; with a marketcap of Rs 62,392 crore MOFSL was quoting 12% higher backed by a combined volume of 14.14 million equity shares on the NSE and BSE. READ MORE

Motilal Oswal Financial Services

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty maintain gains

Stock Market LIVE Updates: Indian benchmark equity indices climbed higher after trading in the red for most of the morning session on Friday.

At 3 PM, the BSE Sensex was up 334 points, or 0.41 per cent, at 81,341, while the Nifty 50 was at 24,881, up 131 points, or 0.53 per cent.
 
2:43 PM

Stock Market LIVE Updates: Hindustan Zin reports 39% YoY jump in Q2 net profit at Rs 2,351 crore; shares climb

Stock Market LIVE Updates: Hindustan Zinc reported consolidated Q2 revenue from operations at Rs 8,004 crore, up 20.9 per cent year-on-year (YoY) from Rs 6,619 crore in the year ago period

Profit before tax climbed 187 per cent to Rs 6,619 crore in the second quarter, from Rs 2,305 crore in the year-ago period.

Profit after tax for the company came in at Rs 2,351 crore, up 39.3 per cent from Rs 1,688 crore in the year ago period.
 
2:29 PM

Stock Market LIVE Updates: KIMS signs Rs 700 crore MoU with Wipro GE Healthcare for medical devices

Krishna Institute of Medical Sciences (KIMS) today announced that it has tied up with Wipro GE Healthcare to procure medical technology and services worth up to Rs 700 crore. 

The company, in an exchange filing, said, "Krishna Institute of Medical Sciences (KIMS) signed a Memorandum of Understanding (MoU) to procure medical technology and services of Upto INR700 crore with Wipro GE Healthcare."

It added that as part of the MoU, Wipro GE Healthcare will be an end-to-end medical technology partner for KIMS, providing new products, replacements, and service to the existing and new branches of the hospital system over the next three years. 

The MoU covers the full suite of medical technology products designed, developed and manufactured by Wipro GE Healthcare, including PET CTs, SPEC CTs, Cath labs, MRIs, CT Scanners, ultrasounds, and critical care equipment, among others. 
 
2:17 PM

Stock Market LIVE Updates: Tanla Platforms shares slip 9% after Q2 net profit dips to Rs 120 crore

Stock Market LIVE Updates: Tanla Platforms shares slipped 8.5 per cent on BSE and logged an intraday low of Rs 784.1 per share on Friday. The software company's stock fell after its consolidated profit after tax (PAT) declined nearly 9 per cent year-on-year (Y-o-Y).
 
At around 12:36 PM, Tanla Platforms shares were down 3.46 per cent at Rs 827.75 per share on the BSE. In comparison, the BSE Sensex was up 0.34 per cent at 81,279.6 around the same time. The market capitalisation of the company around the time stood at Rs 11,138.81 crore. READ MORE
 

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First Published: Oct 18 2024 | 8:11 AM IST

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