Market Close Highlights, Oct 8: Benchmarks snap 5-day losing run; Sensex up 585 pts, Nifty holds 25k
Stock Market Close Highlights Today: Adani Ports, M&M, Reliance Industries, HDFC Bank, L&T, SBI, Ultratech Cement, NTPC, and Kotak Bank were the top Sensex gainers today, up between 1 and 4.5 per cent
 "Photo: Shutterstock")
Photo: Shutterstock
Stock Market Close Highlights, Tuesday, October 8: Indian stock markets returned to their winning ways on Tuesday, snapping their 5-day losing run. The BSE Sensex today gained 584.81 points, or 0.72 per cent, to end at 81,634.8 levels. The Nifty50, too, shut shop at 25,013.15, up 217.38 points or 0.88 per cent as investors digested the Assembly elections results, and dazzling rally in China stocks moderated.
Investors were also waiting for the Reserve Bank of India's (RBI's) monetary policy decision on Wednesday.
Among individual stocks, Adani Ports, M&M, Reliance Industries, HDFC Bank, L&T, SBI, Ultratech Cement, NTPC, and Kotak Bank were the top Sensex gainers today, up between 1 per cent and 4.5 per cent.
Tata Steel, Titan Company, Bajaj Finserv, JSW Steel, Bajaj Finance, Tata Motors, and ITC, on the other hands, were the top Sensex losers today, down up to 2.7 per cent.
In the broader markets, the BSE MidCap index rose 1.86 per cent, and the BSE SmallCap index 2.44 per cent. The broader indices outperformed the benchmark indices today.
Meanwhile, among sectors, all the indices, barring the Nifty Metal index, rallied in trade today. The Nifty Media index jumped over 3 per cent, the Nifty Auto 1.84 per cent, and the Nifty Pharma 1.5 per cent.
4:02 PM
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Stock Market Highlights LIVE Updates: State election win for BJP brought optimism in the domestic market
After sessions of corrections, India is getting some support at the level of 25,800 for Nifty50. Good state election result for the ruling party, contrary to the exit polls, has brought some optimism in the domestic market.
RBI policy outcome, though no cut is expected, a plausible change in stance to neutral is anticipated. And investors are likely to focus on the upcoming Q2 results where earnings are likely to improve marginally on a QoQ basis.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
RBI policy outcome, though no cut is expected, a plausible change in stance to neutral is anticipated. And investors are likely to focus on the upcoming Q2 results where earnings are likely to improve marginally on a QoQ basis.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
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Stock Market Highlights LIVE Updates: Downside, support is placed at 24,850 for Nifty50
The Nifty formed a bullish harami pattern on the daily timeframe, indicating rising optimism. Additionally, the index has moved above a critical moving average on the hourly timeframe.
The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook. In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed at 24,850, and a break below this level could lead to weakness.
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
The RSI has made a bullish crossover in the shorter timeframe, further supporting the positive outlook. In the near term, the index may move towards the 25,350–25,400 range. On the downside, support is placed at 24,850, and a break below this level could lead to weakness.
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
3:53 PM
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Stock Market Highlights LIVE Updates: Nifty faces an immediate resistance zone at 25,150-25,300
After six consecutive days of decline, the markets rebounded, gaining nearly 1 per cent. Following a flat start, the Nifty gradually climbed throughout the day, primarily driven by a recovery in select heavyweight stocks, and closed near the day's high. Most sectors contributed to the rise, with auto, energy, and pharma leading the gains. The broader indices also saw a recovery, advancing over 2 per cent each.
While the recovery in key heavyweights could drive Nifty further upward, sustaining this momentum may be challenging. Nifty faces an immediate resistance zone around 25,150-25,300, with a significant hurdle still at 25,500. Traders should consider using this recovery to lighten positions and remain selective for long trades. We continue to favor IT and pharma stocks for their resilience and recommend careful stock selection in other sectors.
(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)
(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)
3:45 PM
Stock Market Highlights LIVE Updates: SBI Life, Tata Steel fall up to 3% on NSE
SBI Life was the top loser on NSE, slipping 3.24 per cent at the closing bell and was followed by Tata Steel, Titan and Bajaj Finserv among others.
3:42 PM
Stock Market Highlights LIVE Updates: Nifty Media ends 3% higher
Among sectors, Nifty Media outran others, climbing 3.11 per cent and was followed by Nifty Healthcare, Nifty Pharma and Nifty Auto.
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Stock Market Highlights LIVE Updates: SmallCap index advances over 2% at close
The broader markets outperformed the benchmarks, as the BSE MidCap index surged 1.86 per cent, while the SmallCap index soared 2.44 per cent at the closing bell.
3:36 PM
Stock Market Highlights LIVE Updates: Heatmap check
Adani Ports closed 5 per cent higher on BSE Sensex and was closely followed by the likes of M&M, Reliance and HDFC Bank.
3:32 PM
Stock Market Highlights LIVE Updates: Sensex closes over 550 points higher
At close, the BSE Sensex was up 584 points, or 0.72 per cent, at 81,634 level.
3:32 PM
Stock Market Highlights LIVE Updates: Nifty ends over 200 points above at 25,013
NSE's Nifty 50 closed at 25,013, up 217 points, or 0.88 per cent.
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Stock Market LIVE updates: Jindal SAW shares climb 6% ahead of record date
Shares of leading Iron & Steel Products maker company, Jindal SAW, soared 5.65 per cent to a day's high of Rs 745.30 during intra-day deals on Tuesday. A total of 9.21 lakh equity shares worth around Rs 67.17 crore traded hands on the combined BSE, and NSE today. Read more
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Stock Market LIVE updates: Trent, Dixon, Ipca, Coforge, Akzo Nobel hit record highs; rally up to 8%
Shares of Tata group company Trent; consumer electronics firm Dixon Technologies; drug maker Ipca Laboratories; information technology company Coforge; and paint manufacturer Akzo Nobel India hit their respective record highs today. These stocks from the BSE 500 universe staged a strong rally in the equity market on Tuesday. The stocks rallied up to 8 per cent as compared to 0.87 per cent rise in the BSE Sensex today at 02:16 PM. Read more
3:03 PM
Stock Market LIVE updates: 3 PM market update
Stock Market LIVE Updates: Indian benchmark equity indices, after opening on a muted note, were trading higher on Tuesday.
At 3 PM, the BSE Sensex was up 505 points, or 0.62 per cent, at 81,555, and the Nifty 50 was at 24,988.85, up 193 points, or 0.78 per cent.
2:56 PM
The company, in an exchange filing, said existing and new buildings can be fitted with the latest loT devices with this solution, and the facilities team can instantly access key data on the platform pertaining to operational and environmental metrics such as energy, emission, water and waste.
THe company, in an exchange filing, said, "In commercial and industrial settings, Smart Spaces 2.0 can help with end-to-end ESG reporting across key factors, while delivering predictive maintenance and repair inputs. Clients can also integrate Smart Spaces 2.0 with their existing building and plant management systems to take instant action on alerts provided by the system."![]()
Stock Market LIVE Updates: LTIM launches Smart Spaces 2.0 to report key building metrics like energy, emission
Stock Market LIVE Updates: LTIMindtree today announced the launch of its comprehensive digital transformation and ESG platform, called Smart Spaces 2.0.
The company, in an exchange filing, said existing and new buildings can be fitted with the latest loT devices with this solution, and the facilities team can instantly access key data on the platform pertaining to operational and environmental metrics such as energy, emission, water and waste.
THe company, in an exchange filing, said, "In commercial and industrial settings, Smart Spaces 2.0 can help with end-to-end ESG reporting across key factors, while delivering predictive maintenance and repair inputs. Clients can also integrate Smart Spaces 2.0 with their existing building and plant management systems to take instant action on alerts provided by the system."
2:43 PM
The uptick in PSP Projects share price came after the company announced that it has bagged an order worth Rs 270 crore from domestic entities. READ MORE
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Stock Market LIVE Updates: PSP Projects share rises over 5% on securing order worth Rs 270 crore
Stock Market LIVE Updates: Shares of construction company PSP Projects gained up to 5.47 per cent to hit an intraday high of Rs 667 per share.
The uptick in PSP Projects share price came after the company announced that it has bagged an order worth Rs 270 crore from domestic entities. READ MORE
2:33 PM
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Stock Market LIVE Updates: Zinka Logistics gets Sebi nod for Rs 550-cr IPO; key details for investors
Stock Market LIVE Updates: Bengaluru-based Zinka Logistics Solutions has received final observation from the capital markets regulator, Securities and Exchange Board of India (Sebi), to raise funds through an initial public offering (IPO). Zinka Logistics had filed its IPO papers with Sebi on July 5, 2024. READ MORE
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First Published: Oct 08 2024 | 8:00 AM IST
