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Market Close Highlights, Oct 29: Sensex adds 364pts, Nifty ends above 24,450; Banks, financials lead

Stock Market Highlights:Notably, 31 out of the 50 constituent stocks of the Nifty 50 ended higher, led by SBI, BEL, HDFC Life, SBI Life, and Eicher Motors, with gains of up to 5.05 per cent

SI Reporter New Delhi
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Share Market Today: Foreign Institutional Investors (FII) net sold Indian equities worth Rs 3,228.08 crore on Monday, while domestic instituutional investors net bought equities worth Rs 1,400.85 crore during the trading session. (Photo: Shutterstock

2 min read Last Updated : Oct 29 2024 | 4:00 PM IST

Key Events

4:00 PM

Stock Market Highlights LIVE Updates: Potential for the index to move towards 24,750 on the upside

The Nifty has risen slightly after forming a bullish harami pattern. The RSI has entered a bullish crossover near the oversold zone, suggesting positive sentiment in the short term. There is potential for the index to move towards 24,700-24,750 on the upside, while support is positioned at 24,250 on the downside.

(View by: Rupak De, Senior Technical Analyst, LKP Securities.)

3:57 PM

Stock Market Highlights LIVE Updates: Ongoing Q2 earnings to drive market sentiment

The domestic market is trying to show some signs of a recovery from the recent lows as the Diwali festival approaches. A notable decline in crude oil prices is bolstering market sentiment, though it also indicates a potential slowdown in global demand.

Currently, stock-specific action related to ongoing Q2 earnings, which is largely weak, is expected to drive the market sentiment in the near term. PSU Banks have rebounded from recent corrections, driven by positive initial earnings reports, while auto stocks declined due to disappointing results.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
 

3:55 PM

Stock Market Highlights LIVE Updates: Investors covered short positions in beaten down banking stocks

Although markets were a bit volatile in early trades, key benchmark indices recouped losses to end firm for the second straight session as investors covered short positions in the beaten down banking stocks ahead of monthly F&O expiry on Thursday.

Banking stocks led the revival with SBI emerging as the top performer, while recovery in realty stocks too aided the optimism despite weakness in automobile, IT and telecom stocks. To sustain the recovery in domestic markets, FII outflows need to stop as relentless offloading by the overseas investors has hit the investors' sentiment.

(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities)
 
 

3:44 PM

Stock Market Highlights LIVE Updates: Maruti, Tata Motors lose on NSE

Maruti was the top loser on NSE, followed by Tata Motors, Hero MotoCorp and Dr Reddy's Labs. 

3:42 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank, Financial Services lead among sectors

Among sectors, Nifty PSU Bank ouran others, and was followed by Nifty Financial Sevices and Nifty Realty. 

3:39 PM

Stock Market Highlights LIVE Updates: Broader market shine

The BSE SmallCap index settled 0.71 per cent higher, while BSE MidCao index closed 0.74 per cent higher. 

3:35 PM

Stock Market Highlights LIVE Updates: Heatmap check

SBI, ICICI Bank and NTPC were among the top gainers on BSE Sensex.

3:33 PM

Stock Market Highlights LIVE Updates: Nifty ends above 24,450 level

The NSE's Nifty50 settled at 24,466 level, up 127 points or 0.52 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex ends over 350 pts higher

The BSE Sensex settled at 80,369 on Tuesday, up 363.99 pts or 0.45 per cent.

3:17 PM

Stock Market LIVE Updates: Indian Bank soars 17% in 2 days on healthy Q2 results; nears 52-week high

Shares of Indian Bank moved higher by 6 per cent to Rs 584.65 on the BSE in Tuesday’s intra-day trade, extending its Monday’s rally on the back of heavy volumes after the bank reported a healthy set of numbers for the second quarter ended September 2024 (Q2FY25), led by lower provisions and higher other income. Read more
 

3:15 PM

Stock Market LIVE Updates: Aegis Logistics gains 6% on subsidiary AVTL's Rs 4,000-cr mega IPO plan

Shares of Aegis Logistics jumped 5.81 per cent to the day's high of Rs 784 on the BSE during intra-day trade on Tuesday. A combined total of nearly 0.071 million shares of Aegis Logistics, worth around Rs 54.92 crore, exchanged hands on the BSE and NSE today. Read more

3:02 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was up 345 points, or 0.43 per cent, at 80,350.72, while the Nifty 50 was at 24,451.60, up 112 points or 0.46 per cent.

2:58 PM

This smallcap has surged 18% on healthy outlook; zoomed 79% in 3 months

Shares of the Anup Engineering hit a record high of Rs 3,237.95, as they rallied 18% on the NSE in Tuesday's intra-day and zoomed 137% thus far in calendar year 2024. READ MORE


2:46 PM

Adani Ports Q2 result: Net profit rises 40% YoY but misses estimates

Adani Ports and Special Economic Zone Limited (APSEZ) reported a net profit of Rs 2,445 crore for the second quarter of FY25 (Q2FY25), attributable to equity holders of the parent, reflecting a 39.9 per cent year-on-year (Y-o-Y) increase. However, it missed street estimates. READ MORE


2:33 PM

1 out of 6 Nifty 500 stock falls over 20%; Time to worry or cherry pick?

Many quality small- and medium-cap stocks have become appealing buys, and the medium-to-long-term outlook remains robust due to economic factors, said G Chokkalingam of Equinomics Research. READ MORE

Stock Market Highlights, Tuesday, October 29, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty 50, pared the early losses, to extend gains for the second consecutive session, settling in positive territory on Tuesday.

The BSE Sensex added 363.99 points or 0.45 per cent to settle at 80,369.03. Similarly, the NSE Nifty 50 ended higher by 127.70 points or 0.52 per cent at 24,466.85.

Notably, 31 out of 50 constituent stocks of Nifty 50 ended higher, with gains led by State Bank of India, Bharat Electronics, HDFC Life, SBI Life, and Eicher Motors, extending up to 5.05 per cent. On the other hand, Maruti Suzuki India, Tata Motors, Dr Reddy's Labs, Hero MotoCorp, and Sun Pharma were among the 19 stocks that ended in red with losses extending up to 4.16 per cent. 

Among the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices ended higher by 0.92, and 0.76 per cent respectively.

Among the sectoral markets, banking and financial services stocks led the charge. The Nifty PSU Bank index ended higher by 3.64 per cent, followed by Bank Nifty at 2.07 per cent and Nifty Private Bank at 1.53 pe rcent. The Nifty Financial Services index ended higher by 2.08 per cent. 

Meanwhile, Auto, Pharma, IT, FMCG, and Healthcare stock indices settled in red on Tuesday.

Topics :MARKET WRAPMARKET LIVEMARKETS LIVEMARKETS TODAYshare marketstock market tradingMarkets Sensex NiftyS&P BSE SensexBSE SensexNSE NiftyNifty 50Nifty50Gift NiftyBSE NSEBSE NSE equityUS marketsUS marketindia marketIndian marketIndian marketsglobal stock marketIndian stock marketUS stock marketChinese stock market

First Published: Oct 29 2024 | 7:55 AM IST

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