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Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.

stock brokers, BSE, NSE, Sensex, Nifty

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			<strong>Stock Market Highlights: </strong>Equity benchmark indices traded with a negative bias on Wednesday dragged by persistent selling pressure in metal and select IT stocks.</div>
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			The S&P BSE Sensex touched a low of 63,550, and finally ended 284 points lower at 63,591. The NSE Nifty 50, once again, slipped below the 19,000-mark, as it settled with a loss of 90 points.</div>
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			Asian Paints and Tata Steel were the major laggards on the Sensex, down over 2 per cent each. Maruti, JSW Steel, HCL Technologies, TCS, NTPC, Nestle, Axis Bank, Larsen & Toubro and Infosys were the other prominent losers, down over a per cent each.</div>
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			On the positive front, Sun Pharma gained 2.7 per cent post its Q2 results. ITC, Bajaj Finserv, Reliance and SBI finished with modest gains.</div>
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			In the broader market, the BSE MidCap index declined in tandem with the benchmark and was down 0.4 per cent. The SmallCap index, however, was down merely 0.1 per cent.</div>
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			Among sectors, the BSE Metal index shed 1.5 per cent. IT and Power indices were the other major losers, while the Realty index jumped 1.5 per cent.</div>
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			Debutant Blue Jet Healthcare ended with a strong 14.4 per cent gain at Rs 396, with only buyers at the counter on the BSE. <a href="https://www.business-standard.com/markets/news/blue-jet-healthcare-makes-decent-debut-up-10-premium-over-its-issue-price-123110100217_1.html?1698833234" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag

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Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag | News on Markets - Business Standard

Global markets :: Asian indices follow Wall Street footsteps

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Global markets :: Wall Street rallies for 2nd day ahead of US Fed outcome

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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

Closing Bell:: S&P BSE Sense ends 284 pts lower at 63,591

Balu Forge zooms 18%, nears record high on robust Sept quarter results

Investor Ashish Kacholia held a 2.11 per cent stake in Balu Forge as of October 6, 2023, the shareholding pattern data shows. <a href="https://mybs.in/2cJEA8b" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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Vodafone Idea up 12%, hits 21-month high on hopes of equity infusion by Dec

The sharp up move in the stock comes on expectations of fund infusion of its promoters. According to media reports, the management in its quarterly earnings call said that the promised promoter funding commitment of Rs 2,000 crore should close in the current December quarter. <a href="https://www.business-standard.com/markets/news/vodafone-idea-surges-12-hits-21-month-high-on-heavy-volumes-123110100446_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Govt allows direct overseas listing of firms; notifies under companies law

A senior government official, on July 28, said that initially, the plan is to allow companies to list at the International Financial Services Centre in GIFT City, Ahmedabad, and later, they can list in any of the eight to nine specified overseas jurisdictions. <a href="https://www.business-standard.com/companies/news/govt-allows-direct-overseas-listing-of-firms-notifies-under-companies-law-123110100274_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Stock of this wealth management company has zoomed 139% in 4 months

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	Shares of Anand Rathi Wealth hit a new high of Rs 2,075, surging 9% in Wednesday&#39;s intraday. It has zoomed 196% thus far in the calendar year 2023. <a href="https://www.business-standard.com/markets/news/stock-of-this-wealth-management-company-has-zoomed-139-in-4-months-123110100283_1.html?1698819447" target="_blank"><strong>Read</strong><br />
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Jindal Steel & Power hits over 3-month low, slips 7% post Q2 results

Analysts at Prabhudas Lilladher cut FY24/25E Ebitda estimates by 9 per cent/7 per cent on higher coking coal price assumption and delays in capacity addition. <a href="https://mybs.in/2cJEA3n" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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Blue Jet Healthcare makes decent debut; lists 10% higher over issue price

Blue Jet Healthcare (BJHL) made a decent stock market debut on Wednesday with the stock listing at Rs 380, a 10 per cent premium over its issue price of Rs 346 on the National Stock Exchange (NSE). <a href="https://www.business-standard.com/markets/news/blue-jet-healthcare-makes-decent-debut-up-10-premium-over-its-issue-price-123110100217_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT:: Bajaj Auto records highest ever domestic monthly sales in October; stock up 1%

Broader markets :: Most indices swim in green; MidCap index dips 0.13%

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Sectoral trends :: Cyclicals under pressure; Bank, IT, Metal indices fall up to 0.6%

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Sensex Heatmap :: Bulls and Bears tussle on index; L&T rises 1%, Airtel slips

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Opening Bell :: Sensex declines over 150 pts in early deals

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Pre-Open session :: Nifty stays below 19,100

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Pre-Open session :: Sensex slips marginally in pre-market deals

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Currency check :: Rupee opens at 83.27/$ vs last close of 83.26/$

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WATCH :: Should you subscribe to the Mamaearth IPO?

Stocks to Watch: Bharti Airtel, L&T, Tata Motors, Ethos, Blue Jet, Mankind

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	<strong>New listing</strong>: Blue Jet Healthcare will make its market debut today at 10 am. The issue price is Rs 346.&nbsp;<br />
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	<strong>Bharti Airtel:</strong> Hurt by a one-time charge, Bharti Airtel reported a 37.5 per cent YoY drop in consolidated net profit to Rs 1,340.7 crore for Q2.&nbsp; &nbsp;<br />
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	<strong>L&amp;T</strong>: Larsen &amp; Toubro reported a 44.6 per cent YoY rise in consolidated net profit in the Sept quarter (Q2FY24). Net sales rose 19 per cent on-year to Rs 51,024 crore. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-bharti-airtel-l-t-tata-motors-ethos-blue-jet-mankind-123110100118_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Gift Nifty cues :: Index down 27 points at 19,131

What Fed officials are saying about rising bond yield

&gt;&gt; Federal Reserve officials are grappling with a run-up in bond yields since they last met in September that could obviate the need for further interest-rate hikes &mdash; and also threatens to derail a soft landing.
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	&gt;&gt; Several officials have suggested the US central bank can hold off on raising rates at their next gathering on Oct. 31-Nov. 1, remarks that bond markets cheered.<br />
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	<em>Source: Bloomberg</em></div>

ALERT :: Yemen declares war against Israel

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">YEMEN HAS DECLARED OFFICIAL WAR WITH ISRAEL <a href="https://t.co/wckSwgc5mo">pic.twitter.com/wckSwgc5mo</a></p>&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1719521467879313899?ref_src=twsrc%5Etfw">November 1, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Micro stocks shine in China's flagging share market

&gt;&gt; China&#39;s annus horribilis has seen its stock markets fall, funds run up losses and foreign investors run for the exit.<br />
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&gt;&gt; But areas of the market dominated by small stocks and frequented by the country&#39;s retail investors have done surprisingly well.
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	&gt;&gt;&nbsp;While institution-dominated companies with large market values in sectors such as banking and manufacturing have faced selling pressure from investment funds in a struggling economy, micro stocks have become neat counter-cyclical targets.<br />
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	<em>Source: Reuters</em><br />
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Here’s everything to expect from the Fed’s policy

&gt;&gt;&nbsp;The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything<br />
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&gt;&gt;&nbsp;Recent data has bought Fed officials time to decide their next step.<br />
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&gt;&gt; Inflation, while decelerating, is still too high, and the economy is growing at a solid pace despite the highest benchmark interest rates since the early part of the century.<br />
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&gt;&gt;&nbsp;What investors will watch, instead, are the signals that come from Chair Jerome Powell and the rest of the Federal Open Market Committee about where they&rsquo;re leaning for the future.<br />
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<em>Source: CNBC</em><br />
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Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag

Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.

Global markets :: Asian indices follow Wall Street footsteps

Global markets :: Wall Street rallies for 2nd day ahead of US Fed outcome

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

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