SENSEX Financial News

The impact of the conflict in West Asia could well be felt in markets across the world. Dalal Street was no exception. In India, Nifty opened gap down and remained in negative territory throughout the session. It finally ended down 0.7%, around 19500 and the Sensex shut shop at 65,512, down nearly 500 points. The market saw heightened volatility and 27 of 30 index stocks on Sensex ended lower on Monday. All sectors ended in red with major selling seen in PSU Banks, metals and consumer durables. The Adani stock cracked even as the company issued statement highlighting the concerns and employee safety at the Haifa Port.

The NSE Nifty index closed 141.15 points down at 19512.35, while BSE Sensex ended down 483.24 points at 65512.39. On the other hand, Adani Ports & Special Economic Zone Ltd.(down 4.90 per cent), Hero MotoCorp Ltd.(down 2.73 per cent), HDFC Life Insurance Company Ltd.(down 2.50 per cent), Mahindra & Mahindra Ltd.(down 2.17 per cent) and Bharat Petroleum Corporation Ltd.(down 2.07 per cent) were among the top losers of the day.

Shares of TVS Motor Company Ltd.(up 1.41 per cent) ended the day as top gainers in the pack. On the other hand, Hero MotoCorp Ltd.(down 2.72 per cent), Sona BLW Precision Forgings Ltd.(down 2.46 per cent), Samvardhana Motherson International Ltd.(down 2.37 per cent), Mahindra & Mahindra Ltd.(down 2.17 per cent) and Tube Investments of India Ltd.(down 1.44 per cent) finished as the top losers of the day.

Nifty 50, Sensex decline on Israel-Hamas war: 5 factors that weigh on market sentiment On Monday, Nifty 50 opened at 19,539.45 against the previous close of 19,653.50 and fell 0.90 per cent to the day's low of 19,480.50 while the Sensex opened at 65,560.07 against the previous close of 65,995.63 and fell 0.85 per cent to the day's low of 65,434.61 in Monday's trade so far. Last week, the Nifty formed a small bullish candle with a lower shadow on the weekly chart, indicating buying near the 20-weekly simple moving average.

rupee ended flat at 83.25 against the US dollar. The rupee hit a lifetime low of 83.29 in October 2022. Brent crude futures, the global oil benchmark, advanced 3.13% to $87.23 per barrel.

Titan share price today: Titan Company share price declined almost 2 per cent in morning trade on BSE on Monday, October 9, following the company's September quarter (Q2FY24) business updates. Titan Company share price opened at ₹3,308.95 against the previous close of ₹3,311.15 and slipped 1.90 per cent to the ₹3,250 mark in the morning trade on BSE. Titan Company share price has gained about 22 per cent in the last one year, outperforming the equity benchmark Sensex which has gained about 13 per cent in the same period.

Nifty 50, Sensex decline on Israel-Hamas war: 5 factors that weigh on market sentiment In a released statement, the central bank also disclosed its commitment to providing liquidity through SWAP mechanisms, with an allocated amount of up to $15 billion. It emphasised ongoing vigilance, stating that it will monitor developments across all markets and employ available tools as deemed necessary. Prior to the announcement, the shekel had experienced a decline of over 2 percent, reaching a more than 7-1/2 year low of 3.92 per dollar, the report added.

Shriram Finance Ltd. traded 1.18 per cent up at Rs 1825.55 at around 11:31AM (IST) on Monday. The stock had closed at Rs 1847.45 in the previous session.

PI Industries Ltd. traded 0.66 per cent lower in Monday's session at 11:36AM (IST). The stock opened at Rs 3414.0 and has touched an intraday high and low of Rs 3414.0 and Rs 3367.55, respectively, during the session so far.

Siemens Ltd. traded at Rs 3522.6 on BSE at 11:52AM (IST) on Monday, down 0.25 per cent from previous close. The stock quoted a 52-week low price of Rs 2692.0 and a high of Rs 4066.1.

Ambuja Cements Ltd. traded 0.1 per cent lower in Monday's session at 11:42AM (IST). The stock opened at Rs 430.0 and has touched an intraday high and low of Rs 435.0 and Rs 427.3, respectively, during the session so far.

Also Read: Earnings preview: Indian IT firms to report soft numbers in Q2FY24; revenue, profit likely to be muted Meanwhile, in the second quarter of FY24, the brokerage firm expects continuity of uncertainty to result in another muted quarter in a seasonally strong quarter for tier 1 companies, which are expected to report constant currency (CC) revenue growth of -0.4% to 1.1% QoQ; while few of the select outperforming tier 2 companies may witness some moderation, with CC revenue growth of 1.5% to 4.4% QoQ. Also Read: Stocks to buy: Here's why HDFC AMC, IndusInd Bank are top picks this week Among midcap IT stocks, Sharekhan’s preferred picks in the sector are Persistent Systems, Coforge, Mastek, and Birlasoft.

₹316 lakh crore from about ₹320 lakh crore in the previous session, making investors poorer by about ₹4 lakh crore. Naturally, with the market recovery, the BSE mcap also rose to about ₹317 lakh crore later.

Sensex climbed 364 to settle at 65,995 and the broader Nifty advanced 107 points to end at 19,653. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. Ujjivan SFB The counter has experienced a notable breakout after consolidating for a prolonged period of two months, accompanied by robust trading volume, as observed on the weekly timeframe. The overall chart pattern presents an appealing opportunity, characterized by its consistent trading above key moving averages. Furthermore, the technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are in alignment with the current momentum of the stock, thereby providing additional confirmation of its strength. Looking ahead, the resistance level at 65 appears to be a pivotal point to monitor.

Israel and Hamas erupted over the weekend which is likely to weigh on the market sentiment. The domestic benchmark indices ended over half a percent higher on Friday after the Reserve Bank of India (RBI) maintained status quo on policy rates and stance. The Nifty 50 closed at 19,653.50, up 108 points, while Sensex closed 364 points higher at 65,995.63.

Day trading guide for today: On account of strong global market sentiments, Dalal Street ended higher for second straight session on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels. In broad market, small-cap index small-cap index advanced 0.56 per cent while mid-cap index shot up 0.66 per cent in previous session.

Buy or sell stocks for today: Following strong global cues on ease in US dollar index, Indian stock market ended higher on second day in a row on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels.

₹7,998 crore worth of Indian equities and offloaded a total of ₹6,024 crore as of October 6, according to the NSDL data.Wall Street rallied on Friday after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.

Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

MUMBAI : Indian stocks may open lower on Monday, in line with other global stock indices, in response to the Israel-Hamas war that erupted early Saturday, fund managers said. While they expect no immediate cause for panic, they are closely monitoring the evolving situation as any widening of the war could profoundly impact Indian stocks because of a surge in oil prices, and heightened volatility in rupee and bond yields . Israel’s benchmark TA-35 Index, tracking 35 top companies on the Tel Aviv Stock Exchange, which runs from Sunday through Thursday, plunged 6.47% on Sunday.

Also Read: India's bond yield posts biggest single-day jump in 17 months; What's fuelling the rise? On Friday, October 6, Nifty 50 closed at 19,653.50, up 108 points, or 0.55 per cent while Sensex closed 364 points, or 0.55 per cent, higher at 65,995.63. The BSE Midcap index rose 0.66 per cent while the smallcap index ended 0.56 per cent higher. Global cues were also positive after a pause in a bond market sell-off.