On October 30, benchmark indices ended the day higher for the second straight session. Sensex closed 394.71 points or (0.62%) higher at 64,177.51 while Nifty closed inches higher by 101.60 points or (0.53%) to close at 19,148.85 level. With the exception of the auto and FMCG sectors, every sectoral index ended positively, with the Oil & Gas index outperforming the others. On the broader market front, BSE Midcap and Smallcap indices ended on a green note. On the Nifty pack, the top gainers were BPCL, UltraTech Cement, ONGC, Reliance Industries, and SBI Life Insurance; the top losers were UPL, Tata Motors, Maruti Suzuki, Eicher Motors, and Axis Bank.
Upcoming Q2 results to watch out today would be of Adani Green, APL Apollo, Marico, Petronet LNG, Strides Pharma, Spandana Sphoorty Financial, Triveni Engineering, TVS Motor, Blue Star, and Castrol India.
Auto and metal stocks will also be in focus ahead of their monthly sales and productions figures.
Globally, traders will focus at US, Britain and Japan's central banks meetings for interest rates outcomes ahead.
LIVE Feed
Oct 30, 2023, 4:03 pm IST
Stock Market Statistics
Source:NSE
Oct 30, 2023, 4:01 pm IST
Top 5 Gainers and Losers Today
Source:NSE
Oct 30, 2023, 3:44 pm IST
Market Close
Aditya Gaggar Director of Progressive Shares said, "The markets started the week on a tepid note and bears struck with full force in the opening trade, but the bulls managed to defend the support levels. Heavyweight Reliance and selected other stocks took the lead and helped the Index to advance. In the 2nd half of the trading session, Banking stocks participated as well and pushed the Index further higher to end the session at 19,140.90 with gains of 93.65 points. Among the sectors, Realty was the best-performing sector followed by Energy and Pharma while Auto and FMCG were on the list of laggards. On the daily chart, the Index has formed a positive candle and is now heading towards its critical zone of 19,200-19,250 while the support is placed at 18,940."
Oct 30, 2023, 3:10 pm IST
Sun Pharma Trades Higher On Licensing Agreement With Zydus
Today, Zydus Lifesciences Limited and Sun Pharmaceutical Industries Limited announced that they have signed an agreement to jointly commercialise Desidustat, a revolutionary medication, in India. In India, Desidustat is the first-ever oral therapy for anemia linked to chronic kidney disease (CKD). Zydus has given Sun Pharma semi-exclusive rights to commercialise the product in India under the terms of this agreement. The drug will be sold by Sun Pharma under the trade name RYTSTAT. Zydus will continue to sell the drug, which it first introduced in 2022 under the brand name Oxemia. Post the announcement, the shares of Sun Pharmaceutical Industries were trading in green at Rs 1,115 apiece level on Monday.
Oct 30, 2023, 2:41 pm IST
AU Small Finance Bank Tanks Over 4% After Merger Deal With Fincare SFB
At their respective meetings earlier yesterday, the board of directors of AU Small Finance Bank Ltd (AU SFB) and Fincare Small Finance Bank Ltd (Fincare SFB) agreed to an all-stock merger of AU SFB and Fincare SFB. Fincare SFB will merge with AU SFB after receiving the necessary permissions, and Fincare SFB shareholders will receive shares of AU SFB in return for their Fincare SFB shares at the authorized share swap ratio. Every Fincare SFB employee will join the AU SFB family. The promoter of Fincare SFB, Fincare Business Services Ltd. ("FBSL"), has been obligated by agreement to inject INR 700 Cr into the company before the merger is completed. As a result, for every 2,000 Fincare SFB shares, shareholders will receive 579 shares in AU SFB. Following the merger, existing Fincare SFB shareholders will own about 9.9% stake in AU SFB. Post the merger deal, the shares of AU SFB were trading on Monday with a downside gap of over 4% at Rs 662 apiece.
Oct 30, 2023, 2:26 pm IST
Supreme Industries Surges Over 3% After PAT Climbs 196.50% In Q2
On Monday, the shares of Supreme Industries were trading with an upside gap of over 3% during the afternoon deals after the company reported a net profit of Rs 243.19 Cr during the quarter ended 30th September 2023 which is a rise of 196.50% YoY from Rs 82.02 Cr in Q2FY23 on a consolidated basis. Its net income stood at Rs 2321.38 Cr in Q2FY24 up by 10.96% YoY from Rs 2092.12 Cr in Q2FY23. For the fiscal year 2023–2024, the Board of Directors has declared an interim dividend of 400%, or Rs. 8 per share at Rs. 2 each (FV). The shareholders whose names are included in the Register of Members as of the record date, which is November 7, 2023, will receive the dividend.
Oct 30, 2023, 1:33 pm IST
Oil Prices Fall As Investors Remain Cautious Ahead Of The US, China Data
Oil prices fell over 1% on Monday as investors adopted a cautious attitude ahead of the US Federal Reserve policy meeting and China's manufacturing data scheduled to be announced this week, offsetting support from turbulence in the Middle East.
According to Reuters, Brent crude futures dropped 1%, or 97 cents, to .51 a barrel as of 0718 GMT, while US West Texas Intermediate crude was down 1.3%, or .13, at .41 per barrel.
Oct 30, 2023, 12:22 pm IST
ZEE Shares Rise After SAT Lifts SEBI Order Restraining Punit Goenka From Holding Key Managerial Posts In Listed Entities
The share price of Zee Entertainment Enterprises Limited (ZEEL) traded higher on Monday after the Securities Appellate Tribunal (SAT) set aside the Securities and Exchange Board of India (SEBI) order restraining Punit Goenka from any holding key managerial post within four Zee group firms and in the merged entity of ZEEL and Sony Pictures Networks India. The stock was up 1.24% at Rs 252.20 per share at 12:20 PM IST today.
Oct 30, 2023, 11:40 am IST
Zydus And Sun Pharma Ink Licensing Agreement To Co-market Desidustate, Oral Treatment For Anemia Associated With Chronic Kidney Disease
Sun Pharmaceutical Industries Limited, and Zydus Lifesciences Limited today announced that both companies have entered into a licensing agreement to co-market an innovative drug, Desidustat in India. Desidustat is a first-of-its-kind oral treatment for anemia associated with Chronic Kidney Disease (CKD) in India. Desidustat, a Zydus innovation, is a first-of-its-kind oral treatment in India for anemia associated with Chronic Kidney Disease.
Oct 30, 2023, 11:00 am IST
L&T Secures Orders In Range Of Rs 2,500-5,000 Crore
L&T shares traded a tad lower in today's early morning trade at Rs 2897 per share. In an exchange filing, the company today informed that the Power Transmission & Distribution business of L&T Construction has secured key orders in India and overseas, in the current quarter.
In Chhattisgarh, the business has received an order for establishing 400kV & 220kV transmission lines to help relieve the congestion in the state’s electricity transmission grid.
Oct 30, 2023, 10:19 am IST
Adani Green Energy Shares Trade Over 1% Higher Ahead Of Q2 Results
The share price of Adani group's renewable energy firm Adani Green Energy remained on investors' watchlist on Monday as the company will release its Q2FY24 earnings update today. Today, at 10:13 am IST, Adani Green Energy shares were up 1.24% at Rs 882.35 per share.
Oct 30, 2023, 10:12 am IST
AU Small Finance Bank, Pfizer, Jupiter Wagons, NTPC: Stocks On Investors' Radar Today
Shares of AU Small Finance Bank, Pfizer, Jupiter Wagons, and NTPC remained in focus on Monday on the back of merger news and Q2FY24 results. AU Small Finance Bank has said that it has acquired peer lender Fincare Small Finance Bank Ltd. NTPC shares opened a tad lower at Rs 236.25 per share on Monday at 9:17 am IST. At 9:17 am IST, the share price of AU Small Finance Bank was down 7.73% at Rs 636.40 per share at 10:10 am IST today.
Reliance Industries (RIL) share price skyrocketed 2% and emerged as top gainer on BSE and NSE despite the broader market traded in red. Sharp buying in RIL also lifted Oil & Gas sectoral indices. The share is trading bullish after RIL announced its Q2 numbers for FY24.
Oct 30, 2023, 9:32 am IST
Gold Price Outlook
Rahul Kalantri, VP Commodities, Mehta Equities said: Expectations suggest that gold and silver prices will likely maintain their volatility throughout the week, influenced by fluctuations in the dollar index and in anticipation of the U.S. Federal Reserve meeting. Gold is anticipated to find support levels around 88-1974, while facing resistance in the range of 18-2028. Similarly, silver may find support at .86-22.70, with resistance at .24-23.38. In terms of INR, gold's support is expected at Rs60,950-60,780, with resistance at Rs61,510-61,730. For silver, support is projected at Rs71,700-71,130, while resistance stands at Rs72,550-73,080.
Oct 30, 2023, 9:30 am IST
Nifty50 Opening
The 50-scrip benchmark opened at 19,053.40, however, is currently trading in red owing to broad-based selling. The index traded in the range of 19,083.70 and 18,998 respectively.
Oct 30, 2023, 9:29 am IST
Sensex Opening Bell
The 30-scrip benchmark opend at 63,885.56, and traded in the range of 63,885.56 and 63,603.74 respectively. Currently, the market is in red.
Oct 30, 2023, 9:10 am IST
Pre-Market Opening
In the pre-market opening bell, Sensex trading at 63,885.68, up by 102.88 points or 0.16%. The benchmark stood at 63,782.80 in the previous close. Maruti Suzuki, NTPC, Tata Steel, Ultratech Cement, and Wipro are top gainers in pre-market. HUL, M&M, HDFC Bank and Titan are laggards.
Oct 30, 2023, 8:55 am IST
Market Outlook Today
Aditya Gaggar, Director of Progressive Shares said, "The markets snapped a 6-day losing streak on the 27th October trade by ending the session higher above the psychological barrier of 19,000. On the daily chart, it has formed a bullish candle known as Above The Stomach which indicates a high chance of reversal. The immediate resistance is placed at 19,250 while the downside is protected at 18,800. BankNifty lacks momentum and for a stronger performance, heavyweights have to perform; a level of 43,400 will be a stiff hurdle while the downside seems to be protected at 42,100. Contradictory to BankNifty, PSU Banking counters are showing strong momentum and giving an indication of a sharp reversal of the trend. From the Auto segment, we continue to remain bullish on Bajaj Auto and Maruti. The ongoing correction in the Metal segment is likely to extend further and on every rise, there will be a selling pressure. Result-oriented stocks will remain in focus."
Oct 30, 2023, 8:42 am IST
Nifty Technical Analysis
Rupak De, Senior Technical analyst at LKP Securities: After a consolidation breakdown on the daily chart, Bank Nifty experienced a 2000-point correction in a short span of time. The index appeared somewhat oversold, leading to a pullback on Friday. However, the sentiment remains predominantly bearish, and any upward movements may still face selling pressure.
On the upper side, 43000 could serve as a significant resistance level, as call writers have established substantial positions there. Support can be observed at 42500, where writers have a strong presence.
Oct 30, 2023, 8:40 am IST
Key Focus In Market
Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services: While US Fed’s rate decision on Wednesday will be a key event, investors would also await BOJ’s meeting outcome on Monday amid high global bond yield. We expect market to continue with its volatile move going forward ahead of key economic events and ongoing earning season.
Oct 30, 2023, 8:38 am IST
What Should Investors Do Today
Ajit Mishra, SVP - Technical Research, Religare Broking said: Nifty has respected the support zone of long term moving average i.e. 200 EMA and witnessed a rebound on expected lines however participants shouldn’t read much into a single-day recovery. The earlier support zone i.e. 19200-19300 would act as a hurdle in case of further rebound. Weakness in heavyweights especially from the banking pack combined with feeble global markets would continue to weigh on the sentiment. We thus suggest utilizing a rebound to reduce longs and wait for clarity.
Oct 30, 2023, 8:38 am IST
Perspective For Market This Week
Dr. Joseph Thomas, Head of Research, Emkay Wealth Management: After a drastic fall in the indexes over the last few trading sessions, the major indexes rose by more than 1% in the last trading day of the week today. The fall was caused by the fall in the US markets and the aggravation of the Middle East conflict. There are strong indication that the US rates may move up further owing to the elevated inflation levels. The movements in the US markets and the geo political developments will continue to hold sway over the markets in the coming days too. The domestic economy is afforded some protection by the robust economic growth and the strong fundamentals. Another factor that adds to the positivity is the likelihood of domestic interest rates remaining stable for a longer time after the recent spike in money market yields.
Oct 30, 2023, 8:33 am IST
Stocks To Watch
On 30th October 2023, Yes Bank, Adani Green Energy, IDFC First Bank, Greenlam Industries and HFCL are among the hot stocks that are likely to gain the attention of market watchers today.
Shiju Koothupalakkal - Technical Research Analyst, Prabhudas Lilladher Pvt Ltd:
Nifty Spot Index: Support - 18900/18850 and Resistance - 19200/19250
Bank Nifty Spot Index: Support – 42400/42350 and Resistance – 43300/43350.
Oct 30, 2023, 8:24 am IST
Stock Market In Previous Session
Domestic equities recovered some losses on Friday with Sensex above 63,700 and Nifty settling over 19,000 psychological levels. The 30-scrip benchmark ended at 63,782.80, up by 634.65 points or 1.01%, while Nifty 50 gained by 190 points or 1.01% to end at 19,047.25. Bank Nifty shed soared by 501.85 points or 1.19% to end at 42,782.
Click it and Unblock the Notifications
Sign in with Google