Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Tuesday’s trading session in the positive territory. The NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36. The broader indices settled in green with gains led by Midcap and Smallcap stocks. The Bank Nifty index added as much as 477.65 points or 1.08% to settle at 44,360.15. Realty performed the best among the other sectoral indices, surging over 4.01%, while PSU Bank and Metal stocks also added over 2% each. The Nifty Healthcare index slipped 0.15% to 9,517.80.
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15:36 (IST) 10 Oct 2023 Markets at close
The NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36.
15:18 (IST) 10 Oct 2023 USD-INR Outlook
“USDINR CMP- 83.24 (spot) Indian Rupee strengthened on Tuesday on positive domestic markets and a soft US Dollar. However, rising crude oil prices and outflows by foreign investors capped sharp gains. US Dollar eased on dovish comments from Federal Reserve officials. Two officials hinted at less need to hike the rates as yields have increased. This led to a pullback in global equities and a decline in US treasury yields,” said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
14:50 (IST) 10 Oct 2023 JSW Steel posts consolidated crude steel production
JSW Steel on Tuesday posted consolidated crude steel production for the second quarter of FY24 at 6.41 Million tonnes, up 13% on-year. QoQ production, however, is marginally lower by 3%, primarily due to scheduled shutdowns undertaken at Indian operations and lower capacity utilisation at USA-Ohio due to market conditions, the company said in a regulatory filing.
13:29 (IST) 10 Oct 2023 L&T bags order for its water & effluent treatment business
Larsen & Toubro on Tuesday announced that its Water & Effluent Treatment (WET) Business has secured an Engineering, Procurement and Construction order from the Public Health Engineering Department, Rajasthan to construct a water supply project for 648 villages of the district of Chittorgarh from the Chambal River under the Jal Jeevan Mission (Package-I), the company said in a regulatory filing.
12:37 (IST) 10 Oct 2023 Israel-Hamas conflict
“The Israel-Hamas conflict, though intense, is limited to a very specific area and is unlikely to trigger an immediate market reaction. geopolitical turmoil, investors tend to make safer choices and gravitate towards precious metals. At the same time, they do not abandon equities either, as they expect them to perform better once stability returns. Specifically, from an Indian market perspective, economic growth remains robust. Investors may view any market dip as an opportunity,” said Sarvjeet Virk, Co-Founder & MD, Finvasia.
11:36 (IST) 10 Oct 2023 Realty Stocks soar
The Nifty Realty index soared as much as 4.80% to hit a fresh high of 610.85 during the intra-day trade on Tuesday. Prestige Estates led the gains with a surge of a whopping 18%, while Sobha and Godrej Properties also added 7.25% and 6.03%, respectively.
11:03 (IST) 10 Oct 2023 Banks’ share in micro loans falls further
The market share of banks in the microfinance segment declined further to nearly 32% in April-June, from 38.4% a year ago, as non-bank lenders witnessed a sharp rise in disbursements, a report from Sa-Dhan said on Monday. The market share of banks in this segment stood at 34.1% in the March quarter. This data come at a time when various banks have been looking to enter the microfinance segment in a bid to increase margins.
10:14 (IST) 10 Oct 2023 Realty stocks shine
The Nifty Realty index surged 2.43% during the early trade on Tuesday. Prestige Estates and The Phoenix Mills led gains with 4.11% and 3.10%, respectively. DLF, Godrej Properties and Oberoi Realty also advanced over 2% each.
09:34 (IST) 10 Oct 2023 Derivative Outlook
“Nifty weekly contract has highest open interest at 19,800 for Calls and 19,500 for Puts while monthly contracts have highest open interest at 20,000 for Calls and 19,500 for Puts. Highest new OI addition was seen at 19,800 for Calls and 19,200 for Puts in weekly and at 19,800 for Calls and 19,250 for Puts in monthly contracts. FIIs increased their future index long position holdings by 1.37%, increased future index shorts by 3.09% and in index options by 13.93% in Call longs, 0.68% decrease in Call short, 22.68% increase in Put longs and 1.43% increase in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:20 (IST) 10 Oct 2023 Markets at open
The NSE Nifty 50 opened at 19565.6, up 0.27%, while the BSE Sensex opened at 65,512.39, up 149.88 points.
09:04 (IST) 10 Oct 2023 Adani Group condemns Financial Times
Adani Group has condemned the Financial Times and its collaborators for allegedly carrying baseless allegations. “There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group. This is part of their extended campaign to advance vested interests under the guise of public interest,” said the company in a regulatory filing on the NSE.
08:58 (IST) 10 Oct 2023 Bank Nifty Outlook
“The Bank Nifty continues to decline as the index remains below the critical 44,000 level. Weakness is expected to persist in the short term as the index remains below the crucial moving average. Immediate support is situated at 43,800/43,500 on the lower end, while resistance is positioned at 44,000 on the higher end. Consider selling,” said Rupak De, Senior Technical analyst at LKP Securities at LKP Securities.
08:56 (IST) 10 Oct 2023 Technical View
“On the daily charts, we can observe that the positive momentum from the previous week could not continue today and the Nifty has witnessed a correction. We believe that the Nifty is in the process of retracing the rise it has witnessed from 19,333 – 19,676. On the way down support is placed in the zone 19,500 – 19,460 which coincides with the gap area formed on 5th October and the 61.82% Fibonacci retracement level. The Nifty is likely to resume its next leg of up move from the support zone and hence in case of a gap down opening or a dip it should be used as a buying opportunity,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
08:34 (IST) 10 Oct 2023 Crude Oil
“We expect oil prices to consolidate further as market remain abundantly supplied, while supply is taking backseat. In short term run WTI could test the support of $76.50 and resistance stays around $82. We advise traders to short the rallies,” said Mohammed Imran, Research Analyst at Sharekhan by BNP Paribas.
08:19 (IST) 10 Oct 2023 FII, DII Data
Foreign institutional investors (FII) offloaded shares worth net Rs 997.76 crore, while domestic institutional investors (DII) added shares worth net Rs 2,661.27 crore on October 9, 2023, according to the provisional data available on the NSE.
08:19 (IST) 10 Oct 2023 Crude Oil
WTI crude prices are trading at $86.25, down 0.15%, while Brent crude prices are trading at $87.02, down 0.15%, on Tuesday morning.
08:18 (IST) 10 Oct 2023 Stocks to watch
Adani Enterprises, Maruti Suzuki India, Hero MotoCorp, Tata Steel, SBI and Indian Oil Corporation are among the top stocks to watch during Tuesday’s trading session.
08:18 (IST) 10 Oct 2023 Wall Street
Wall Street’s major indexes ended higher on Monday as investors digested the latest news about the Israel-Hamas conflict. The tech-heavy Nasdaq Composite gained 52.90 points, or 0.39%, at 13,484.24. The Dow Jones Industrial Average added 197.07 points, or 0.59%, to 33,604.65, while the S&P 500 rose 27.16 points, or 0.63%, at 4,335.66.