Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each
![Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak](https://bsmedia.business-standard.com/_media/bs/img/article/2020-06/27/full/1593200041-5506.jpg?im=FeatureCrop,size=(803,452))
CLOSING BELL
Stock market highlights: Benchmark indices climbed over 1 per cent in intra-day deals on Tuesday, before cooling off mildly as HDFC twins, Sun Pharma, NTPC, and Tech M weighed. The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each.
Stock market highlights: Benchmark indices climbed over 1 per cent in intra-day deals on Tuesday, before cooling off mildly as HDFC twins, Sun Pharma, NTPC, and Tech M weighed. The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each.
The S&P BSE Sensex ended at 58,961, up 550 points or 0.94 per cent, while the Nifty50 closed at 17,487, 175 points or 1 per cent, higher. The indices hit intra-day highs of 59,144, and 17,528, respectively.
In the broader markets, the Nifty MidCap and SmallCap indices gained 1.2 per cent, and 0.75 per cent, respectively. Overall, the market breadth firmly favoured buyers in the ratio of 2:1. Volatility index, India VIX, meanwhile eased over 5 per cent.
In focus :: Nifty PSU Bank
Shares of public sector undertaking (PSU) banks were trading higher for a third straight day, with the Nifty PSU Bank index surging 7 per cent in the past two trading days on the National Stock Exchange (NSE). READ MORE
4:03 PM
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Market Comment:: Equities cheer Q2 earnings, RBI's comments on inflation
"The Indian market is sustaining its gains due to favorable global & domestic cues. Home-grown positivity is the downward trend of crude prices and upside prospects to Q2 corporate earnings. Notably too, RBI’s confidence that headline inflation has peaked in September and henceforth will decline is taken cheerfully by the financial market, providing upside to banks."
- Vinod Nair, Head of Research at Geojit Financial Services
4:02 PM
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Market Comment: PSU Banks lead rally on pick-up of loans this festive season
"Benchmark Indices gained a percentage today primarily led by the PSU Banks as the pick up in the corporate loan cycle and retail loans during the festive season provided the much needed Tailwinds. The trickle down effect to the non-banking PSU stocks was a key highlight of today's trade as several PSU stocks led by the Defence sector across sectors were heavily sought after on the back of rising volumes."
- S Ranganathan, Head of Research at LKP securities.
3:55 PM![]()
Data Patterns zooms over 10%; stock up over 139% since debut
Data Patterns hit a new all-time high at Rs 1,450. In the past three months, the stock has zoomed around 96 per cent, as compared to a 8 per cent rise in the S&P BSE Sensex, and has appreciated by 139 per cent from its issue price of Rs 585 per share on the BSE. READ MORE
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666088700-672.jpg)
3:51 PM
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Tata Elxsi slumps 7% as earnings disappointment weighs
Shares of Tata Elxsi hit ended with a loss of over 7 per cent at Rs 7,203, and was down for the second straight day, after the Tata Group company reported weak revenue growth in the July-September quarter (Q2FY23). READ MORE
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666088468-9152.jpg)
3:47 PM
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Market breadth was fairly positive; 133 stocks hit new 52-week high
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666088226-0905.jpg)
3:45 PM
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Phoenix, Brigade Enterprises shine among the Realty pack
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666088102-8853.jpg)
3:43 PM
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Sectorally, Media was the second best performer today
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666088006-9663.jpg)
3:42 PM
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Nifty PSU Bank index top gainer once again, soar another 4%
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087915-6353.jpg)
3:40 PM
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Broader indices gain in sync with benchmark Nifty 50; India VIX dips 5%
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087826-2769.jpg)
3:38 PM
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Nifty 50:: Top FIVE gainers and losers on Tuesday
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087719-5452.jpg)
3:37 PM
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Sensex 30 Heatmap:: 25 gainers v/s 5 losers; SBI soars 3%
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087654-544.jpg)
3:36 PM
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NSE Nifty 50 gains 175 points, ends at 17,487
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087545-2082.jpg)
3:33 PM![]()
Closing Bell:: Sensex ends 550 pts higher at 58,961
Closing Bell:: The S&P BSE Sensex ended 550 points higher at 58,941 on Tuesday led by gains in SBI, ITC and Bharti Airtel. The BSE benchmark was up for the third straight day.
![chart chart](https://bsmedia.business-standard.com/_media/bs/img/article/2022-10/18/full/1666087409-5126.jpg)
3:27 PM![]()
Pidilite may enter Nifty 50 once HDFC gets taken off after merger
Adhesive maker Pidilite Industries is likely to replace Housing Development Finance Corporation (HDFC) in the Nifty 50 index. This will be an ad hoc inclusion on account of the mortgage major’s expulsion from the Nifty index—tracked by funds with assets of over $30 billion—on account of its merger with HDFC Bank, which has entered final stages. READ MORE
![PIDILITE PIDILITE](https://bsmedia.business-standard.com/_media/bs/img/misc/2020-03/05/full/pidilite-1583384076-13022620.png)
3:22 PM![]()
Flexicap, multicap schemes maintain large-cap skew amid global uncertainty
Flexicap and multicap schemes— which have the mandate to buy shares across small-, mid- and large-cap universes—are playing it safe amid an uncertain global environment. Schemes in these categories are maintaining a skew towards large-caps while maintaining a bare minimum allocation to small-caps. READ MORE
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Topics : Sensex MARKET LIVE MARKET WRAP Indian markets stock market trading stock market investing Nifty Buzzing stocks stocks to watch BSE NSE Crude Oil Price FII flows Q2 results Global Markets ACC Cement Pidilite Industries ACC PVR
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First Published: Oct 18 2022 | 9:36 AM IST