CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.

Nifty, market, sensex, stocks, investors, growth

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	CLOSING BELL: The key benchmark indices bounced back with panache in opening trades this morning taking cues from the global peers. The S&P BSE benchmark index soared to a high of 58,435 in intra-day deals led by strong gains in IT major Infosys and the HDFC twins.</div>
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	Infosys rallied over 5 per cent to a high of Rs 1,494 on the back of healthy Q2 performance and Rs 9,300 crore share buyback. Analysts expect the stock to log further gains in the coming trading sessions. <a href="https://www.business-standard.com/article/markets/infosys-can-hit-rs-1-700-charts-hint-how-brokerages-decode-the-q2-nos-122101400304_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	The key indices, however, pared gains in the latter half of the trading sessions as the overall sentiment remained cautious in the backdrop of a high inflation scenario globally. The Sensex eventually ended 685 points higher at 57,920. Thanks to the Friday-rally, the BSE index was able to trim its weekly loss to 271 points.</div>
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	The NSE Nifty 50 index rallied past the 17,300-level in early deals, but finally settled at 17,186 - up 171 points.<br />
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		The broader indices erased the entire day&rsquo;s gain towards the close. The BSE Midcap index was up 0.1 per cent, while the Smallcap index ended unmoved.</div>
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		Sectorally, the BSE IT and Bankex surged 1.7 per cent each. The Capital Goods index was the other notable gainer. On the other hand, Oil & Gas and Power indices slipped over a per cent each.</div>
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		The overall breadth was marginally positive, with 1,835 stocks advancing versus 1,608 declining shares on the BSE.<br />
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Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine

Business Standard

Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine | News on Markets - Business Standard

F&O Strategy: Nandish Shah recommends Bull Spread on Bata India

The derivative analyst from HDFC Securities recommends buying Bata India 1840 Call and selling 1900 Call of the October series. <a href="https://www.business-standard.com/article/markets/f-o-strategy-nandish-shah-recommends-bull-spread-strategy-on-bata-india-122101400130_1.html?1665716755" target="_blank"><strong>READ MORE</strong></a><br />
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Here's why Mehul Kothari recommends buying Gland Pharma, Indian Oil

According to the technical analyst from Anand Rathi, Gland Pharma can rally to Rs 2,350, while IOC can spurt to Rs 83. <a href="https://www.business-standard.com/article/markets/here-s-why-mehul-kothari-recommends-buying-gland-pharma-indian-oil-122101400119_1.html?1665716755" target="_blank"><strong>READ MORE</strong></a><br />
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Attrition to continue to spike even as IT biggies reduce hiring: Experts

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time. <a href="https://www.business-standard.com/article/companies/attrition-to-continue-to-spike-even-as-it-biggies-reduce-hiring-experts-122101301217_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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BS MARKETS | Will IT stocks survive recession fears?

Despite a bleak global outlook, top Indian IT giants wrapped up their Q2 earnings in line with the Street&rsquo;s expectations. What do Q2 results indicate for the IT sector amid growing fears of recession? <a href="https://www.business-standard.com/the-morning-show/video/markets-insights/will-it-stocks-survive-recession-fears-1634.htm" target="_blank"><strong>WATCH VIDEO</strong></a><br />
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BofA cuts Nifty target to 17,500, cites rupee depreciation, global slowdown

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Gold prices rise marginally in early trade, silver falls Rs 1,200

Ten grams of 22-carat gold is trading at Rs 46,750 after a marginal rise of Rs 100. <a href="https://www.business-standard.com/article/markets/gold-prices-rise-marginally-in-early-trade-silver-falls-rs-1-200-122101400109_1.html?1665716039" target="_blank"><strong>READ MORE</strong></a><br />
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Brent Crude steady below $95/bbl after strong US crude inventory data

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DIIs buy equities worth Rs 753 crore on October 13

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SGX Nifty hints at gap up open, up over 300 points

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Asia-Pacific markets perk up amid strong global cues

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US markets rally on Thursday after hot inflation data

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