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		<img align="" alt="Sensex" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/22/full/1624364064-571.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Sensex" width="620">
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Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Sensex

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		<strong>Stock market highlights:</strong> Mirroring positive moves in Asia, Indian markets regained some lost ground on Friday as they snapped their six-day losing run. The S&P BSE Sensex jumped 635 points, or 1 per cent, to settle at 63,783 levels, while the Nifty50 shut shop 190 points higher at 19,047.&nbsp;</div>
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		HCL Tech, Adani Enterprises, Axis bank, Coal India, SBI, Tata Motors, Eicher Motors, Bajaj Auto, NTPC, ONGC, Nestle India, IndusInd Bank, Cipla, Reliance Industries, Adani Ports, Infosys, and L&T were the top large-cap gainers, up in the range of 1.5 per cent to 3 per cent.</div>
	<a href="https://www.business-standard.com/markets/news/sensex-up-650pts-nifty-tops-19050-reasons-behind-market-rebound-on-friday-123102700564_1.html#google_vignette" target="_blank"><br />
	<strong>READ:&nbsp;Reasons behind market rally on Friday</strong></a><br />
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		In the broader markets, the BSE MidCap and SmallCap indices surged 1.7 per cent and 1.9 per cent, respectively.</div>
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		With today&#39;s rebound, the volatility index, India VIX, eased nearly 8 per cent today to around 11 levels.</div>
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		Meanwhile, among sectors, the Nifty PSU Bank index jumped 4 per cent, Nifty Media index 2.6 per cent, and Nifty Realty index 1.9 per cent. All other indices gained between 0.6 per cent and 1.4 per cent.&nbsp;</div>
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Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Business Standard

Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050 | News on Markets - Business Standard

Asia-Pacific shares gain, defying Wall St weakness

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US markets close with sharp cuts on Thursday

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Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

IPO Update :: Blue Jet Healthcare issue subscribed 8x so far

&gt;&gt; QIB, NII portions booked over 13x each, retail 2x<br />
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&gt;&gt; Bidding closes at 5 PM today<br />
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Sectoral trends :: PSBs, Media indices soar the most in broad buying

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Sensex Heatmap :: 28 of 30 index stocks surge; Axis Bk, HCL Tech gain 3% each

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Closing Bell :: Sensex zooms over 600 pts after six days of sell-off

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ALERT:: Cipla surges 4% on beating Q2 estimates; profit jumps 43%, revenue up 15%

The positive growth was aided by strength in domestic as well as US sales. Its overall Q2 revenue was its highest ever in a quarter, Cipla said. <a href="https://www.business-standard.com/markets/news/cipla-surges-4-on-beating-q2-estimates-profit-jumps-43-revenue-up-15-123102700557_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Cipla plans acquisitions to take top spot in South Africa drug market" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/05/full/1693926768-8959.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 445px;" title="Cipla" /></div>
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Maruti Suzuki at fresh high; up 4% on record quarterly sales, profit in Q2

The company reported 80.3% YoY jump in net profit to Rs 3,716.5 crore on account of higher net sales, softening of commodity prices, cost reduction efforts and higher non-operating income. <a href="https://www.business-standard.com/markets/news/maruti-suzuki-hits-new-high-up-4-on-record-quarterly-sales-profit-in-q2-123102700475_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Maruti Suzuki" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-05/01/full/1651423366-0429.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Maruti Suzuki" width="620" /></div>
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Shriram Finance surges 9% on healthy September quarter results

Shriram Finance&#39;s reported NIM expanded ~60bp QoQ driven by lower negative carry because of lower liquidity on the balance sheet, and increase in high-yielding products in the mix. <a href="https://mybs.in/2cIdsT9" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Shriram Finance" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-11/10/full/1668094872-8095.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Shriram Finance" width="620" /></div>

Indo Count hits 21-month high, rallies 12% on hopes of strong earnings

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	Growth in home textiles in India seems quite positive in coming years, driven by healthy export demand with benefits from reciprocal FTAs (free trade agreements). <a href="https://www.business-standard.com/markets/news/indo-count-hits-21-month-high-rallies-12-on-hopes-of-strong-earning-123102700343_1.html?1698391348" target="_blank"><strong>Read</strong><br />
	<img alt="garment exports" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-10/25/full/1508880028-8968.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Stock of this auto ancillary company has zoomed 142% in last five months

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	Shares of Talbros Automotive Components (TACL) were locked in the 20 per cent upper circuit on BSE and touched a fresh high of Rs 251.10 on Friday at 10:54 AM. The stock of the auto ancillary company has turned ex-date for a stock split in ratio of 1:5 i.e. 1 stock of face value of Rs 10 each into 5 shares of face value of Rs 2 per equity share. <a href="https://www.business-standard.com/markets/news/stock-this-auto-ancillary-company-has-zoomed-142-in-five-months-123102700254_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-03/21/full/market-stocks-stock-market-trading-stock-market-1679390510-62072620.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
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Nifty PSU Bank index soars 3% on strong Q2 earnings by PNB, Canara Bank

Shares of public sector banks (PSBs) were are trading higher by up to 6 per cent on the National Stock Exchange (NSE) in Friday&rsquo;s intra-day trade after Punjab National Bank (PNB), Canara Bank and Indian Bank reported a healthy set of numbers for July-September quarter (Q2FY24), with improvement in assets quality. <a href="https://www.business-standard.com/markets/news/nifty-psu-bank-index-soars-3-on-strong-q2-earnings-by-pnb-canara-bank-123102700215_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-04/05/full/1680686226-6079.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 450px;" title="" /></div>
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India Mobile Congress 2023 | PM Modi will inaugurate 100 5G labs, says Ashwini Vaishnaw

&gt;&gt; Will be used in health, innovation, manufacturing sectors<br />
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&gt;&gt; India emerging as telecom technology developer, exporter, leader<br />
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&gt;&gt; India exporting telecom equipment to over 70 countries&nbsp;

Markets may ignore West Asia events till there's no invasion: Chris Wood

Over the past few weeks, equity markets have reacted sharply to the developments in West Asia with most frontline indices across the globe slipping 1 per cent to 7 per cent. <a href="https://www.business-standard.com/markets/news/markets-may-ignore-west-asia-events-till-there-s-no-invasion-chris-wood-123102700098_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="" class="imgCont" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2023-06/16/full/chris-wood-1686892777-40633190.jpg" style="border: 1px solid rgb(221, 221, 221); margin-right: 10px; padding: 1px; float: left; z-index: 0; width: 600px; height: 400px;" title="" /></div>
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Buzzing stock :: Shriram Finance zooms 8% as mgt ups AUM, margin guidance

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Broader markets largely outperform benchmarks; Mid, SmallCap indices up over 1% each

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Sectoral trends :: PSBs, Media, Metal stocks rally the most

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Sensex Heatmap :: Only 4 stocks slide on Friday; Asian Paints, Ultratech Cement top losers

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Opening Bell :: Sensex rallies 300 pts after 6 days of consistent selling

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Pre-Open Session :: Sensex surges 400 pts

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Currency alert: Rupee opens flat at 83.22/$

IT industry salaries, wages continue to give margins a run for its money

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	The industry&#39;s core operating margins (that exclude other income) declined to 22 per cent of net sales in Q2FY24 from 22.4 per cent a year ago and the five-year average of 23.6 per cent of net sales. <a href="https://www.business-standard.com/industry/news/it-industry-salary-wages-continues-to-grow-faster-than-net-sales-123102601257_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="it service" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-10/26/full/1698340548-9956.jpg?im=FitAndFill=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Nifty Auto eyes fresh selling below this level; Buy Nifty IT near support

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	As per Ravi Nathani, traders should wait for the correction to complete and start buying Nifty IT index at or near the support level of 29,800. <a href="https://www.business-standard.com/markets/news/nifty-auto-eyes-fresh-selling-below-this-level-buy-nifty-it-near-support-123102700067_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-bulls-bears-stocks-trading-technicals-market-technical-technical-analysis-1621493768-31062620.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Short rollover seen in Nifty Futures; Check Bear Spread strategy for index

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	The short-term trend of the Nifty index is weak as it is placed below its 5,11 and 20-day EMA. <a href="https://www.business-standard.com/markets/news/short-rollover-seen-in-nifty-futures-check-bear-spread-strategy-for-index-123102700061_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="Nifty 50" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/08/full/1694193334-8378.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Stocks to Watch today: RIL, Voda Idea, SBI, Adani, TTML, Jaiprakash Power

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	Vodafone Idea: Vi, on Thursday, reported a 15.2 per cent higher consolidated net loss of Rs 8,746 crore in the July-September quarter of the financial year (FY24) on a year-on-year (YoY) basis as a result of increasing expenses. Average revenue per user (ARPU) for the quarter rose to Rs 142 on a sequential basis, up from Rs 139 in the preceding quarter.&nbsp;<br />
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	Punjab National Bank: The public-sector lender&#39;s net profit for Q2FY24 jumped 327.14 per cent YoY to Rs 1,756 crore owing to a substantial rise in its net interest income (NII) and decline in credit costs. Its NIM expanded to 3.11 per cent from 3.08 per cent QoQ and 3 per cent YoY. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-ril-voda-idea-sbi-adani-ttml-jaiprakash-power-123102700078_1.html" target="_blank"><strong>Read</strong><br />
	<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2023-09/25/full/1695612851-2693.jpg?im=FeatureCrop,size=(826,465)" style="height: 338px; width: 600px;" /></a></div>

Tech View: Bearish end to Nifty Oct Expiry; correction likely to continue

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	Nifty fell 3.42% during the October month expiry. Nifty futures rollover stood at 83.39%, which is significantly higher compared to last month&#39;s expiry rollover of 76.00% and its three months average of 79.14%</div>
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	Nifty will start the November series with an open interest of 1.16 crore shares compared to an OI of 1.04 crore shares at the beginning of the October series.<br />
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	Nifty saw significantly higher rollover with a higher cost of carry (+0.57%) and a sharp rise in open interest, compared to its previous month, indicating carry forward of short positions to the November series.</div>
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	India VIX, known as the fear indicator, rose sharply to 11.73 on the last day of the October series, giving discomfort to the bulls.<br />
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	The FPI Long Short ratio hovered between the 24-27% range throughout the October series and slumped to a low of 10.88% on the last day, as FPIs continued to aggressively build short positions in Index Futures.<br />
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	The Put-Call Ratio, a sentiment indicator, also fell sharply from 1.44 on 29th September to 0.61 on 26th October indicating call writers&rsquo; dominance throughout the October series.</div>
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	On the Options front in the November monthly expiry, the 19,000 Strike put option has highest open interest with 52,67,150 contracts followed by the 18,000 Strike put option with 33,99,650 contracts.<br />
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	While on the call side, the 19,000 call has highest open interest with 27,84,450 contracts followed by the 19,500 Call strike with 22,69,250 contracts.</div>
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	Nifty has closed near the 200-Day Exponential Moving Average of 18,830 levels on the daily chart.&nbsp;</div>
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	It is at a make-or-break level currently. A strong close above 19,050 supported by FPI buying in Index futures and a rising PCR, can pave the way for buyer&rsquo;s comeback in the Index. On the other hand, a close below 18,800 is most likely to further intensify the ongoing selling pressure until 18,500 levels.<br />
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	<em>Views by&nbsp;Ashwin Ramani, Derivatives &amp; Technical Analyst, SAMCO Securities</em></div>

Gift Nifty in green taking cues from Asian peers elsewhere

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Markets snap 6-day losing run; Sensex jumps 635 pts, Nifty nears 19,050

Closing Bell on October 27, 2023: Among sectors, the Nifty PSU Bank index jumped 4 per cent today

Asia-Pacific shares gain, defying Wall St weakness

US markets close with sharp cuts on Thursday

Good morning readers! Catch all live market updates here with Business Standard

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