Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Wednesday’s trading session in the negative territory. The NSE Nifty 50 dropped 90.45 points or 0.47% to settle at 18,989.15, while the BSE Sensex shed as much as 283.60 points settled at 63,591.33. The broader indices settled largely in red, except for select Smallcap stocks. The Bank Nifty index fell 145 points or 0.34% to 42,700.95. Metal, IT, Auto, Energy, Bank, FMCG and Financial Services stocks led the losses among the other sectoral indices, while Realty, Media, Pharma, PSU Bank and Oil & Gas stocks added gains. Sun Pharma, BPCL, HDFC Life, Hindalco and Tata Consumer were the top gainers on the NSE Nifty 50, while the laggards included Adani Enterprises, Coal India, Tata Steel, SBI Life Insurance Company and Adani Ports. The volatility index (India Vix) ended up 1.88%.
(Source: NSE)
13:20 (IST) 1 Nov 2023 BHEL gets new Chairman and Managing Director
Bharat Heavy Electricals (BHEL) on Wednesday announced that Koppu Sadashiv Murthy took charge as the Chairman and Managing Director of the public sector engineering and manufacturing enterprise today.
Prior to this, Koppu Sadashiv Murthy was the Executive Director of the Corporate Operations Management group at BHEL, and also simultaneously held additional charge of Chairman and Managing Director of Bharat Pumps and Compressors (BPCL).
13:17 (IST) 1 Nov 2023 Media stocks zoom
The Nifty Media index surged 1.09% during the intra-day trade on Wednesday. Zee Entertainment led the gains and added over 3% followed by Sun TV Network and PVR Inox.
12:45 (IST) 1 Nov 2023 Mahindra & Mahindra shines
The stock price of Mahindra & Mahindra surged 1.80% to Rs 1,485 during the intra-day trade on Wednesday after the company clocked sales of 43,708 vehicles compared to 32,298 passenger vehicles sold last October, a growth of 35% YoY.
12:28 (IST) 1 Nov 2023 Adani Wilmar posts loss of Rs 130.73 crore during Q2
FMCG major Adani Wilmar posted its second quarter earnings on Wednesday wherein it recorded a loss of Rs 130.73 crore in comparison to a profit of Rs 48.76 crore during the same period last year. It posted revenue from operations at Rs 12,267.15 crore, down 13.3% as against Rs 14,150.03 crore during the second quarter of FY23.
12:19 (IST) 1 Nov 2023 Markets so far
(Source: NSE)
11:58 (IST) 1 Nov 2023 Top laggards
Coal India, Asian Paints, Britannia, Maruti Suzuki India and UPL are the top losers on the NSE during the intra-day trade on Wednesday.
11:24 (IST) 1 Nov 2023 Active stocks
HDFC Bank, Larsen & Toubro, CDSL, Blue Jet Healthcare and Reliance Industries are among the most active stocks on the NSE.
11:05 (IST) 1 Nov 2023 Realty stocks zoom
The Nifty Realty index surged 1.28% during the intra-day trade on Wednesday. Swan Energy led the gains with 2.62%, while DLF, Sobha and Phoenix Mills also rallied over 2% each.
10:47 (IST) 1 Nov 2023 Blue Jet Healthcare lists at 10% premium on bourses
“Blue Jet Healthcare made its debut on the stock markets today, by listing at Rs 380 per share, a premium of around 10% to its IPO price of Rs 346. The IPO was subscribed 7.95 times, which is a good subscription level. Blue Jet Healthcare is a manufacturer of contrast media intermediates and high-intensity sweeteners. The company has a strong competitive advantage due to its high entry barriers and long-term relationships with multinational customers. The company’s financial performance is also strong, with consistent revenue and profit growth in recent years. Overall, the listing of Blue Jet Healthcare was a success. The company’s strong fundamentals and good subscription levels were positive factors for this. Investors may hold it by keeping a stop loss at Rs 340,” said Shivani Nyati, Head of Wealth, Swastika Investmart.
09:52 (IST) 1 Nov 2023 Markets Statistics
(Source: NSE)
09:34 (IST) 1 Nov 2023 Derivative outlook
“Nifty weekly contract has highest open interest at 19,200 for Calls and 19.000 for Puts while monthly contracts have highest open interest at 20,000 for Calls and 19,000 for Puts. Highest new OI addition was seen at 19,200 for Calls and 19,100 for Puts in weekly and at 19,200 for Calls and 19,200 for Puts in monthly contracts. FIIs increased their future index long position holdings by 11.94%, increased future index shorts by 1.40% and in index options by 7.77% in Call longs, 2.69% decrease in Call short, 1.53% increase in Put longs and 16.83% decrease in Put shorts,” said Anand James, Chief Market Strategist at Geojit Financial Services.
09:33 (IST) 1 Nov 2023 Market outlook
“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.”
– V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
09:28 (IST) 1 Nov 2023 USD-INR
“The USD/INR 28th November futures contract remained within a narrow trading range. According to the daily technical chart analysis, the pair is currently trading above its moving average trend-line support level of 83.18, and the RSI is above the 50 level. While the technical setup indicates positive divergence in the MACD, the pair is currently confined within a range. In line with the daily technical chart, the pair has support at 83.20-83.05 and faces resistance at 83.45-83.60. To demonstrate further strength, the pair needs to sustain levels above 83.30, potentially targeting the 83.45-83.60 range. Otherwise, it may retest its support levels. In today’s session, we anticipate the USDINR 28th November futures contract to trade within the range of 83.05-83.60,” said Rahul Kalantri, VP Commodities, Mehta Equities.
09:21 (IST) 1 Nov 2023 Markets at open
The NSE Nifty 50 opened at 19,064.05 down marginally 0.08%, while the BSE Sensex opened at 63,829.87 down 45.06 points.
08:51 (IST) 1 Nov 2023 Markets’ sentiment
“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. 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. Technically, both Nifty and Bank Nifty exhibit a bearish landscape, while Nifty’s options data suggests a trading range of 18,500-19,500,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.
08:33 (IST) 1 Nov 2023 Bank Nifty outlook
Bank Nifty witnessed a gap up opening however it could not sustain at higher levels and closed in the red down 190 points. The relief rally is likely to be over as the hourly momentum indicator has triggered a negative crossover from above the equilibrium line indicating that it has started a new cycle which can lead to a slide in the Bank Nifty till 42,400 and below that till 42,000,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.
08:29 (IST) 1 Nov 2023 F&O Ban
The NSE has added Gujarat Narmada Valley Fertilizers & Chemicals to its F&O ban list for November 1, 2023.
08:28 (IST) 1 Nov 2023 FII, DII data
Foreign institutional investors (FII) offloaded shares worth net Rs 696.02 crore, while domestic institutional investors (DII) added shares worth net Rs 340.25 crore on October 31, 2023, according to the provisional data available on the NSE.
08:28 (IST) 1 Nov 2023 Crude Oil
WTI crude prices are trading at $81.17 up 0.19%, while Brent crude prices are trading at $87.41 down 0.05%, on Wednesday morning.
08:27 (IST) 1 Nov 2023 Wall Street
Wall Street’s main indices ended Tuesday’s session with gains as investors looked ahead to the Federal Reserve’s monetary policy update while they digested a mixed batch of earnings reports, reported Reuters.
The tech-heavy Nasdaq Composite gained 61.76 points or 0.48% to 12,851.24. The S&P 500 added 26.98 points or 0.65% to 4,193.8, while the Dow Jones Industrial Average climbed 123.91 points or 0.38% to 33,052.87.
