Stock Market Highlights: Nifty to face resistance around 19,100 level. What traders should do on Thursday

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Stock Market Highlights: Nifty to face resistance around 19,100 level. What traders should do on Thursday

06:52:17 PM IST, 01 November 2023Just In: RIL mulls raising Rs 15,000 crore via bonds06:48:59 PM IST, 01 November 2023Tech View: Nifty to face resista

06:52:17 PM IST, 01 November 2023

Just In: RIL mulls raising Rs 15,000 crore via bonds

06:48:59 PM IST, 01 November 2023

Tech View: Nifty to face resistance around 19,100 level. What traders should do on Thursday

Nifty on Wednesday ended 90 points lower to form a negative candle on the daily chart and indicate the formation of a lower top around 19,230 levels.

The short-term trend of the Nifty continues to be weak. It is expected to slide down to the lower support of 18,850 levels (200-day EMA) once again before showing another round of upside bounce from the lows. Any intra-week up move from here could encounter resistance around 19,100 levels, said Nagaraj Shetti of HDFC Securities.

Open Interest (OI) data showed the highest OI for call options was observed at the 19,100 strike price, followed by the 19,200 strike price. On the put side, the highest OI was found at the 18,900 strike price.

06:48:09 PM IST, 01 November 2023

TV Today Network Q2 Results: Net profit declines 64% to Rs 7.02 crore

TV Today Network Ltd on Wednesday reported a 64.4% decline in consolidated net profit to Rs 7.02 crore for the second quarter ended September. The company had reported a net profit of Rs 19.72 crore in the July-September period a year ago, it said in a regulatory filing.

06:27:02 PM IST, 01 November 2023

Hero MotoCorp’s Pawan Munjal to take 20% pay cut following split in Chairman and CEO roles

Hero MotoCorp Chairman Pawan Munjal will take a pay cut of 20% from his fixed salary following the split of Chairman and CEO roles. Earlier this year, Hero decided to separate the roles of the Chairman & CEO and appoint a CEO for the company. Following this transition, Munjal volunteered to reduce his fixed salary.

05:00:08 PM IST, 01 November 2023

Hero Moto Q2 Results: PAT at Rs 1050 cr vs ET NOW poll of Rs 983 cr

Hero Moto Q2 Results: PAT at Rs 1050 cr

03:43:57 PM IST, 01 November 2023

RUPEE ENDS AT RECORD CLOSING LOW VS DOLLAR!

03:43:07 PM IST, 01 November 2023

The Indian rupee weakened 0.05% versus the U.S. dollar, and quoted at 83.29 per dollar tracking losses in Asian peers.

03:38:24 PM IST, 01 November 2023

Top gainers & losers in closing trade

03:35:40 PM IST, 01 November 2023

Closing Bell: Sensex falls 285 pts ahead of US Fed outcome; Nifty below 19,000; Vi surges 8%, Jindal Steel tanks 8%

03:33:21 PM IST, 01 November 2023

REC Q2 Results: Net profit up 39% YoY to Rs 3790 crore

State-owned REC Ltd on Wednesday posted a nearly 39 per cent rise in its consolidated net profit to Rs 3,789.90 crore in the September quarter compared to the year-ago period mainly on the back of higher revenues. Consolidated net profit stood at Rs 2,732.12 crore in the quarter ended on September 30, 2022, a BSE filing showed.
Total income rose to Rs 11,701.26 crore in the quarter from Rs 9,964.00 crore in the same period a year ago.

03:17:01 PM IST, 01 November 2023

“The US Fed is most likely to hold rates in this meeting but the message from the Fed chief Powell will be hawkish since the economy is surprisingly resilient with a 4.9 % growth in Q3 GDP. The high bond yields in the US also indicate that the market expects the higher for longer rate regime to continue for some time. Since no surprise is expected from the Fed meeting outcome, the market is unlikely to be impacted. But the high bond yields will weigh on markets and FIIs can be expected to continue selling. The consequent weakness in sectors like financials where the FIIs hold a major segment of their holding will provide buying opportunities for long-term investors.”

– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

03:16:22 PM IST, 01 November 2023

IGL Q2 RESULTS

03:09:06 PM IST, 01 November 2023

Global markets live update: US futures fall ahead of Fed outcome

  • The Stoxx Europe 600 rose 0.2%
  • S&P 500 futures fell 0.3%
  • Nasdaq 100 futures fell 0.3%
  • Futures on the Dow Jones Industrial Average fell 0.3%
  • The MSCI Asia Pacific Index rose 1%
  • The MSCI Emerging Markets Index was little changed

02:53:10 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Savita Oil Technologies PAT falls to Rs 46.97 crore from Rs 69.8 crore YoY; revenue at Rs 889 crore vs Rs 865 crore YoY

02:26:36 PM IST, 01 November 2023

FOREX NEWS | Rupee hits one-year low vs Dollar (83.2725/$)

02:12:42 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Lumax Industries says commenced commercial production at its new manufacturing plant at Pune

02:10:19 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Motilal Oswal Financial Services Q2 profit at Rs 531 crore vs Rs 509 crore; revenue at Rs 1639 crore vs Rs 1321 crore YoY

02:02:10 PM IST, 01 November 2023

European stock markets climb before Fed rate call

Europe’s main stock markets grew at the start of trading on Wednesday with all eyes on the Federal Reserve, later expected to freeze US interest rates.

London’s benchmark FTSE 100 index gained 0.3 percent to 7,343.96 points.In the eurozone, Frankfurt’s DAX index climbed 0.2 percent to 14,844.80 points and the Paris CAC 40 won 0.3 percent to 6,905.67.

02:01:29 PM IST, 01 November 2023

Stock Market LIVE Updates: Creative Graphics Solutions files DHRP with NSE Emerge

01:48:04 PM IST, 01 November 2023

Stock Market LIVE Updates | AUTO SALES: Hero MotoCorp on Wednesday reported a 26.5 per cent increase in total sales at 5,74,930 units in October 2023, as compared to 4,54,582 units in the same month last year. Motorcycle sales were at 5,29,341 units last month, as compared to 4,19,568 units in October 2022, up 26.2 per cent, Hero MotoCorp said in a regulatory filing.

01:38:26 PM IST, 01 November 2023

Stock Market LIVE Updates | AUTO SALES: Atul Auto’s sales for month of October at 3,060 units, up 30.10% Y/Y

01:27:43 PM IST, 01 November 2023

Sun Pharma Q2 Results: PAT at Rs 2,380 cr vs ET NOW poll of Rs 2,298 cr; Revenue at Rs 12,192 cr vs ET NOW poll of Rs 12,118 cr

01:08:18 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Tata Motors’ Oct sales data

01:03:34 PM IST, 01 November 2023

Stock Market LIVE Updates | Ambuja Cements Q2 Results: PAT at Rs 644 cr; revenue at Rs 3970 crore

01:00:46 PM IST, 01 November 2023

Crypto Price Today: Bitcoin trades above $34,400; Solana, XRP rise up to 6%

Major crypto tokens were trading mixed in Wednesday’s trading amid jitters among investors ahead of the Federal Reserve’s interest rate decision.

Bitcoin was mildly firm and moved towards the $34,500 level. Its biggest peer, Ethereum regained the $1,800 mark.

Other crypto tokens, such as XRP, Solana, tron, and Toncoin traded higher, while BNB, Cardano, Dogecoin, Chainlink, Polygon, Polkadot, Litecoin, and Shiba Inu traded in the red.

12:53:20 PM IST, 01 November 2023

Stock Market LIVE Updates | Tokyo stocks close sharply higher

Tokyo stocks closed sharply higher on Wednesday supported by rallies on Wall Street, a cheaper yen and well-received corporate earnings reports.

The benchmark Nikkei 225 index climbed 2.41 percent, or 742.80 points, to 31,601.65 while the broader Topix index added 2.53 percent, or 56.96 points, to end at 2,310.68.

12:38:11 PM IST, 01 November 2023

Gold softens on caution ahead of Fed’s policy decision

Gold started November on a softer note, with investors on the watch for the U.S. Federal Reserve’s policy decision due later in the day, after concerns over the Middle East conflict boosted the safe-haven asset’s prices above $2,000 an ounce last month.

Spot gold fell 0.2% to $1,978.36 per ounce by 0351 GMT on Wednesday, while U.S. gold futures dropped 0.4% to $1,987.00.

12:37:21 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: India Cements net loss after tax narrows to Rs 80.07 crore vs loss of Rs 113 crore; revenue at Rs 1264 crore vs Rs 1327 crore YoY

12:25:15 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Bank of Baroda’s digital lending business head Akhil Handa has quit, days after the Reserve Bank of India barred the state-owned lender from onboarding fresh customers on its mobile application ‘bob World’. In a late-night regulatory filing, Bank of Baroda (BOB) on Tuesday informed about the cessation of employment of Akhil Handa.

12:24:47 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Balu Forge Industries Limited (BFIL) has posted a multi-fold jump in its consolidated net profit to Rs 24 crore during the second quarter ended September 30, driven by higher income. It had clocked Rs 4.82 crore net profit during the July-September period of the preceding fiscal, the company said in a regulatory filing on Tuesday.

12:16:22 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Adani Wilmar Q2: Cons loss of Rs 131 crore vs profit of Rs 49 crore YoY; Cons Revenue of Rs 12,267 cr vs Rs 14150 cr, down 13% YoY

12:13:39 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Late Rakesh Jhunjhunwala-owned stock Star Health and Allied Insurance Company fell over 5% to Rs 550 in Wednesday’s trade on BSE after the firm reported lower-than-estimated earnings for the September quarter.

12:10:33 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Recycling player Gravita India has posted a 31 per cent jump in consolidated net profit at Rs 58.84 crore during the quarter ended September 30, pushed by higher income. It had clocked Rs 44.98 crore net profit during the July-September period of the preceding 2022-2023 fiscal year, the company said in a regulatory filing on Tuesday.

12:02:14 PM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Mahindra and Mahindra Financial Services enters into co-lending partnership with State Bank Of India

11:48:17 AM IST, 01 November 2023

Stock Market LIVE Updates: Protean eGov Tech’s Rs 490-cr IPO to open on Nov 6; fixes price band at Rs 752-792/share

Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) on Wednesday fixed a price band of Rs 752-792 per share for its Rs 490-crore initial public offering. The maiden public issue that will open for subscription on November 6, will conclude on November 8, and the anchor book of the offer will be opened for a day on November 3, the company announced.

11:35:07 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | BHEL appoints Koppu Sadashiv Murthy as Chairman and Managing Director of the company.

11:23:15 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Auto Sales | Bajaj Auto on Wednesday said its total sales increased by 19 per cent year-on-year to 4,71,188 units in October this year. The company had dispatched a total of 3,95,238 units in October 2022

11:10:31 AM IST, 01 November 2023

Stock Market LIVE Updates | Shares of Vodafone Idea climbed 7% to Rs 12.7 in Wednesday’s trade on BSE as the firm is looking to launch converged offerings to compete with rivals Reliance Jio and Bharti Airtel in a bid to stem customer losses, with some analysts saying an improvement in operations will help the distressed telecom operator survive through the first half of 2025-26, even without significant fundraising.

10:55:30 AM IST, 01 November 2023

Stock Market LIVE Updates | Paradeep Phosphates Q2 Results: Total Income at Rs 3,694 crores, up 28.72% YoY; total production volumes at 6,51,883 MT, up by 25% YoY

10:38:47 AM IST, 01 November 2023

Stock Market LIVE Updates | Praj Industries Q2 Results: Net profit at Rs 62.4 crore, up 29.7% YoY; Operating EBITDA at Rs 84 crore

10:32:13 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Mahindra & Mahindra logs total volumes of 80,679 in October

  • SUV sales of 43,708 vehicles, a 36% growth and total volumes of 80,679 in October
  • Mahindra’s farm equipment sector sells 49,336 units in India during October 2023
  • Oct total exports 1854 units versus 2,755 units year ago
  • Domestic tractor sales in October 2023 were at 49,336 units, versus 50,539 units year ago
  • Oct tractor exports stood at 1,124 units
  • Strong festive demand should see us continue our growth momentum in November

10:24:36 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Top gainers from tourism & hospitality space

10:06:15 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Blue Jet Healthcare IPO

BSE Rs 359.9 (Up Rs 13.9 or 4%)
NSE Rs 380 (Up Rs 34 or 9.8%)

09:54:18 AM IST, 01 November 2023

Rupee falls 3 paise to 83.27 against US dollar in early trade

The rupee depreciated 3 paise to 83.27 against the US dollar in the morning session on Wednesday, tracking a strong American currency overseas and muted trend in domestic equities. Persistent foreign fund outflows also weighed on the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 83.26 against the dollar. It touched a low of 83.27 in initial deals, registering a fall of 3 paise over its previous close.

09:38:51 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: These 4 Nifty companies are slated to post Q2 earnings today

09:37:16 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Shares of Amara Raja Batteries opened 3% higher after the firm’s net profit rose 6% to Rs 214 cr in the September quarter.

09:34:44 AM IST, 01 November 2023

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

With the ground war in Gaza intensifying, the uncertainty surrounding the West Asian crisis is at its peak. Now we don’t know how and when this war will end and what the consequences will be. Therefore, investors should continue with a cautious strategy.

It is important to understand that equity markets globally are being impacted more by the spike in US bond yields rather than the Israel-Hamas conflict. The US 10-year bond yield above 4.9% will continue to be a major headwind for stock markets, particularly for those in emerging markets. Sustained selling by FIIs is likely to continue weighing on markets.

The crash in Brent crude to $85 is a big positive for India. Aviation, paints and tyre stocks will respond positively to this news.

Investors may watch the trends in high quality large caps like Maruti, ICICI Bank, HDFC Bank, RIL, ITC and L&T, which have come out with good Q2 results. These companies have good earnings visibility and, therefore, will witness substantial institutional buying when normalcy returns.

09:31:01 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates | Patanjali Foods rose 4.6% as the stock will be moved out from the additional surveillance measure (ASM) framework from November 1.

09:26:25 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Bajaj Auto Oct total sales at 471,188 units vs 395,238 units year ago

09:23:27 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Top movers in opening trade — Voda Idea, IOC, YES Bank

09:22:54 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Escorts Kubota sold 13,205 tractors in October

  • Expect demand momentum to continue for remaining part of this fiscal
  • Export tractor sales in October 2023 were at 563 as against 649 tractors sold in October 2022
  • October sales slightly muted versus last year as festive season delayed, spread across two months

09:21:54 AM IST, 01 November 2023

Sensex Heatmap | Take a look at Sensex gainers & losers in opening trade

09:18:33 AM IST, 01 November 2023

Opening Bell: Sensex sheds over 150 points, Nifty nears 19,000; Airtel falls 2%, Aether jumps 4%

09:11:45 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Nomura maintains buy on Tata Consumer, hikes target price to Rs.1,075 from Rs.875.

09:10:38 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 40 points; Nifty below 19,070

09:03:26 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Asian stocks stutter ahead of Fed, frail yen in focus

Asian stocks inched lower on Wednesday ahead of a keenly-awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar, keeping markets on edge for possible intervention by Tokyo.

09:03:14 AM IST, 01 November 2023

Sealmatic India got order for supply of 38 critical mechanical seals & seal supply systems

  • Got order from Rumaila Operating Organization for Rumaila project (Iraq)

08:44:46 AM IST, 01 November 2023

Sensex Today | Stock Market View: Prashanth Tapse, Senior VP (Research), Mehta Equities

Market conditions for Nifty and Bank Nifty are challenging, with Nifty at 19,080 and Bank Nifty at 42,846. Despite stable US bond markets and oil prices, the sentiment on Dalal Street is down. Selling Nifty at the current market price is advised, with targets at 19,000/18,827 or more aggressively at 18,605. Bank Nifty should also be sold at the current price, targeting 42,398/42,000 or a more aggressive range of 41,500-41,801. However, there’s a positive outlook for SBI LIFE, CANARA BANK, PNB, and COAL INDIA amidst intraday weaknesses. Additionally, SBI LIFE at the current price of 1,368 is recommended for purchase, targeting 1,395/1,411 or a more aggressive 1,451. The focus remains on the FOMC outcome, expected on November 1st, where the Federal Reserve is anticipated to maintain unchanged interest rates, although a deviation in the consensus might affect future decisions. Investors are cautioned to stay on the sidelines due to uncertainty and risk stemming from significant FIIs selling in October.

08:03:19 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Yen languishes as focus turns to Fed

The yen wobbled near 15-year lows on the euro and a one-year trough on the dollar on Wednesday, having slid on bets that a tweak of Japan’s yield control policy isn’t enough to close wide interest rate gaps that have pressured the currency for years.

08:02:00 AM IST, 01 November 2023

Sensex Today | Stock Market LIVE Updates: Gold softens on caution ahead Fed’s policy decision

Gold prices started November lower on Wednesday as cautious investors awaited U.S. Federal Reserve’s policy decision, after the Middle-East worries led to a strong safe-haven rally last month and pushed prices above $2,000.

economictimes.indiatimes.com

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