SENSEX Financial News

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HDFC Bank Ltd Bagaria has recommended a Buy on the HDFC Bank stock at ₹1547 and up to ₹1510 for a target price of ₹1700 to 1780. On the daily chart the stock has bounced from support of 1490 levels and currently trading at 1547 forming a three rising soldiers pattern, as per Bagadia More over the stock has also crossed the initial resistance of 1545 which is also close to its 20 day EMA levels .

Shares of Persistent Systems Ltd.(up 0.18 per cent) ended the day as top gainers in the pack. On the other hand, Tech Mahindra Ltd.(down 2.66 per cent), Infosys Ltd.(down 1.93 per cent), Tata Consultancy Services Ltd.(down 1.86 per cent), HCL Technologies Ltd.(down 1.75 per cent) and LTIMindtree Ltd.(down 1.71 per cent) finished as the top losers of the day.

MAGADHSUGAR(up 4.22%), Dalmia Bharat Sugar & Industries(up 3.42%), AVADHSUGAR(up 1.87%), Uttam Sugar Mills(up 1.43%), Triveni Engineering & Industries(up 1.41%), Simbhaoli Sugars(up 1.33%), DCM Shriram Industries(up 1.20%), Dhampur Sugar Mills(up 0.67%), Ponni Sugars(Erode)(up 0.61%) and Ugar Sugar Works(up 0.42%) stood among the top gainers. EID Parry(down 1.65%), Rajshree Sugars & Chemicals(down 1.10%), Kothari Sugars & Chemicals(down 1.03%), Balrampur Chini Mills(down 0.97%), KCP Sugar & Industries(down 0.92%), Mawana Sugars(down 0.89%), Vishwaraj Sugar Industries(down 0.84%), Bannari Amman Sugars(down 0.70%), Shree Renuka Sugars(down 0.46%) and Dwarikesh Sugar Industries(down 0.45%) were among the top losers of the day.

Shares of Bosch Ltd.(up 3.84 per cent), TVS Motor Company Ltd.(up 3.07 per cent), Maruti Suzuki India Ltd.(up 1.62 per cent), MRF Ltd.(up 0.87 per cent) and Bajaj Auto Ltd.(up 0.83 per cent) ended the day as top gainers in the pack. On the other hand, Ashok Leyland Ltd.(down 1.04 per cent), Hero MotoCorp Ltd.(down 0.4 per cent) and Tube Investments of India Ltd.(down 0.26 per cent) finished as the top losers of the day.

Godrej Consumer Products Ltd. traded 1.16 per cent down at Rs 974.4 on Thursday at around 01:44PM (IST), while the benchmark BSE Sensex declined 15.16 points to 66457.89. As many as 5,094 shares changed hands on the counter with a total value of Rs 0.5 crore.

Pidilite Industries Ltd. traded at Rs 2479.95 on BSE at 01:39PM (IST) on Thursday, down 0.37 per cent. The stock quoted a 52-week low price of Rs 2250.85 and a high of Rs 2796.15.

PI Industries Ltd. fell 0.12 per cent to Rs 3485.6 in Thursday's session as of 12:32PM (IST) even as the equity benchmark Sensex traded 6.42 points lower at 66466.63. Earlier in the day, the stock witnessed a gap up start to the session.

rupee stayed on the upward track for the third day in a row, appreciating by 4 paise to 83.14 against the US dollar in early trade on Thursday amid easing crude oil prices and a weak American currency. Subdued sentiments in the domestic equity markets and concerns over foreign funds withdrawal capped a sharp gain in the Indian currency, forex analysts said. At the interbank foreign exchange, the rupee opened at 83.17 and then traded between the range of 83.13 to 83.17 against the greenback.

Bharat Electronics Ltd. traded 0.07 per cent up at Rs 137.9 at around 12:38PM (IST) on Thursday. The stock had closed at Rs 137.8 in the previous session.

The NSE Nifty index was trading 4.9 points up at 19816.25, while BSE Sensex was up 12.0 points at 66485.05 at the time of writing this report. In the Nifty index, Coal India Ltd.(up 2.02 per cent), Bharat Petroleum Corporation Ltd.(up 1.69 per cent), Maruti Suzuki India Ltd.(up 1.56 per cent), Hindalco Industries Ltd.(up 1.35 per cent) and NTPC Ltd.(up 1.26 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty fell 2.65 points to 19814.0, while the BSE Sensex traded 11.03 points down at 66462.02. On the other hand, Sical Logistics, MMTC, MOIL, GHCL Textiles and TPL Plastech stocks hit their fresh 52-week highs today.

Infosys, SBI, and HDFC Bank. The BSE Sensex was trading 60 points or 0.09% higher at 66,532. Nifty50 was trading at 19,832, up 21 points or 0.11% at around 9.20 am. From the Sensex pack, IndusInd Bank, Tata Motors, SBI, NTPC, and Axis Bank opened with gains, while TCS, Tech Mahindra, Bajaj Finance, and Bharti Airtel opened with cuts. TCS fell over 1% in the early trade after India's top IT firm reported weaker-than-expected second-quarter revenue and flagged weakness in client spending.

BSE Sensex closed 393.69 points higher at 66,473.05, while the broader NSE Nifty 50 climbed 121.50 points to 19,811.35. Nifty 50 formed a reasonable bullish candle on the daily chart with minor upper shadow indicating an upside continuation pattern. Also Read: 5 things that changed for the stock market overnight - Gift Nifty to US Fed meeting minutes “Nifty witnessed minor upside breakout of the immediate resistance of around 19,700-19,750 levels, with gap up opening and the present upside gap could be considered as a bullish breakaway gap.

Day trading guide for today: On account of positive strong global cues, Indian stock market ended higher for second straight session on Wednesday. Nifty 50 index gained 121 points and closed at 19,811 levels, BSE Sensex shot up 393 points and ended at 66,473 mark whereas Bank Nifty index added 156 points and finished at 44,516 levels. In broad market, small-cap index went up 0.77 per cent whereas mid-cap index gained 0.55 per cent.

clocking gains of 3.04 per cent in September 2023. According to a report by domestic brokerage firm Motilal Oswal titled ‘Global Market Snapshot’, Nifty Smallcap 250 rose 2.51 per cent last month.

Domestic benchmark index NSE Nifty ended 121.5 points up at 19811.35, while the BSE Sensex closed 393.69 points up at 66473.05. On the other hand, Yash Pakka, AdityaBirlaMoney, Uniinfo Telecom Serv, Mukta Arts and Adhunik Industries stocks hit their fresh 52-week highs today.

On the BSE, Abans Enterprises (down 12.50 per cent), Gravity(India)(down 11.66 per cent), JLAInfraville&Shop(down 10.00 per cent), Leading Leasing Fin(down 9.94 per cent) and Mafia Trends(down 8.76 per cent) stood among the top losers in today's trade. In the Nifty pack, 39 stocks closed in the green, while 11 stocks ended in the red.

Shares of Dr. Reddy's Laboratories Ltd.(up 1.62 per cent), Cipla Ltd.(up 1.46 per cent), Divi's Laboratories Ltd.(up 0.99 per cent), Torrent Pharmaceuticals Ltd.(up 0.92 per cent) and Sanofi India Ltd.(up 0.79 per cent) ended the day as top gainers in the pack.

Reliance Industries, HDFC Bank, and ITC. The BSE benchmark Sensex advanced 394 points or 0.6% to settle at 66,473. The broader NSE Nifty surged 121 points or 0.62% to end at 19,811. Meanwhile, the market capitalisation of all listed companies on the BSE increased by Rs 1.9 lakh crore to Rs 321.61 lakh crore. From the Sensex pack, Wipro and UltraTech Cement were the top gainers, rising 3.4% and 2.1%, respectively.

inflation print to come near 5.5 per cent in September against 7.44 per cent in July and 6.83 per cent in August. Moreover, reports emerged that China was planning to announce stimulus to help its economy. This also underpinned market sentiment.