Market Close Highlights, Oct 21: Sensex, Nifty end in red after choppy session; HDFC Bank gains 2.6%
Stock Market Close Highlights, Oct 21: The BSE Sensex fell 73 points to end at 81,151; the Nifty50 shut shop below 24,800; the BSE MidCap and SmallCap indices fell up to 1.6 per cent
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Share Market Today: Foreign institutional investors (FIIs) net sold equities worth Rs 5,485.70 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 5,214.83 crore, on Friday, October 18. (Photo: Shutterstock)
Stock Market Close Highlights, Monday, October 21: India stock markets traded under pressure on Monday as investors continued to book profit at higher levels amid the ongoing Q2 earnings season. Despite a near 3-per cent surge in HDFC Bank share price, benchmark BSE Sensex and NSE Nifty50 indices closed in the negative territory today.
The BSE Sensex index moved in a band of 959 points during the day, before closing at 81,151.27, down 73.48 points or 0.09 per cent. The Nifty50, too, ended in the negative zone at 24,781, with losses of 73 points or 0.29 per cent.
HDFC Bank, Asian Paints, MY&M, Reliance Industries, Maruti Suzuki, and Tech M, which were up in the range of 0.4 per cent to 2.6 per cent failed to lift the frontline indices as losses in Kotak Bank, Bajaj Finserv, IndusInd Bank, Adani Ports, Ultratech Cement, Bajaj Finance, Infosys, and TCS kept lid on the gains.
The broader indices -- BSE MidCap and BSE SmallCap -- nursed losses too with the indices dropping 1.6 per cent each.
Among sectors, the Nifty Media index declined 2.8 per cent, the Nifty Realty 1.7 per cent, the Nifty IT 1.5 per cent, and the Nifty Private Bank 1.3 per cent.
4:02 PM
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Stock Market Highlights LIVE Updates: Bank Nifty shows lack of strength, may continue to consolidate
Nifty opened gap up however it reversed sharply and closed in the red down 73 points. Nifty witnessed selling pressure from the 25000 mark which coincides with high concentration of open interest on the call side implying resistance. On the downside the 20 week average (24730) which was defended well last week is being tested again. So there is a standoff between bulls and bears leading to heightened volatility. Overall, we expect a rangebound price action in the range 24500 – 25200 from short term perspective.
Bank Nifty opened with a huge gap up however was unable to sustain at higher levels and traded with a negative bias during the day. It closed down ~132 points. Inability to sustain at higher levels shows lack of strength and hence there is likely to further consolidation before any meaningful upside. On the upside 52250 – 52300 shall act as an immediate hurdle zone while 51100 – 51000 shall act as a crucial support zone.
(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)
(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)
4:00 PM
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Comment: Nifty could stay in the 25,234-24,832 band for the near term
Nifty ended lower on October 15 reacting to mixed set of corporate results. At close, Nifty was down 0.28 per cent or 70.6 points at 25057.4. Cash market volumes on the NSE rose 13 per cent compared to the previous session to Rs.1.03 lakh cr. Broad market indices ended in the positive even as the advance decline ratio fell to 0.91:1.
Asian shares were mixed on Tuesday after US markets rose overnight and Chinese stocks tumbled after a media report that detailed extra government borrowing to boost the economy appeared to underwhelm investors. European shares were little changed on Tuesday as oil prices dropped on a report that Israel will refrain from striking Iranian energy targets.
Investors are getting so bullish that it might be time to sell global stocks, according to an investor survey by Bank of America Corp. Equity allocations nearly tripled from last month, to a net 31 per cent overweight.
Nifty slipped into weakness on October 15 and formed a reasonable bear candle. Nifty remains choppy even as the 25200 level proves difficult to breach on the upside. Nifty could stay in the 25234-24832 band for the near term.
(Comment by: Deepak Jasani, Head of Retail Research at HDFC Securities)
(Comment by: Deepak Jasani, Head of Retail Research at HDFC Securities)
3:58 PM![]()
Market View: FIIs continued their strategic buying in China while selling off in India
The domestic market displayed considerable volatility, with key indices swinging between negative and positive terrain. PBOC has further reduced interest rates by 25 bps to support its struggling economy.
Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market’s decline.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
Meanwhile, FIIs continued their strategic buying in China while selling off in India, driven by weaker corporate earnings and valuation concerns. Concurrently, domestic Q2 earnings have been mostly underwhelming, with major private sector banks notably disappointing. However, DIIs have offered some support, mitigating the market’s decline.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:45 PM
Stock Market Highlights LIVE Updates: Bajaj-Auto, HDFC Bank rise up to 4% on NSE
On the NSE, Bajaj Auto was the gainer, rising 4.34 per cent, followed by the likes of HDFC Bank, Asian Paint, M&M and Eicher Motors.
3:42 PM
Stock Market Highlights LIVE Updates: Nifty Media, Metal, Realty fall up to 2%
Among sectors, Nifty Media fell the most, slipping 2.83 per cent at close, and was closely followed by Nifty Metal, Nifty Realty, Nifty FMCG and IT.
3:40 PM
Stock Market Highlights LIVE Updates: Broader markets bleed heavy
In the broader markets, the BSE MidCap index and the BSE SmallCap index fell 1.63 per cent and 1.51 per cent at close on Monday, respectively.
3:36 PM
Stock Market Highlights LIVE Updates: Heatmap check - 22 out of 30 stocks end in red
On the BSE Sensex, Kotak Bank was top loser at close, down 4.66 per cent, followed by Bajaj Finserv, IndusInd Bank and Adani Ports.
3:34 PM
Stock Market Highlights LIVE Updates: Nifty50 closes below 24,800
The NSE's Nifty closed at 24,781.10, down 72.95 or 0.29 per cent on Monday.
3:33 PM
Stock Market Highlights LIVE Updates: Sensex ends flat, down marginally
At close, the BSE Sensex was down 73 points, or 0.09 per cent, at 81,151 level on Monday.
3:20 PM![]()
Stock Market LIVE Updates: MCX hits new peak on healthy Q2 results; stock zooms 406% in 17 months
Shares of Multi Commodity Exchange of India (MCX) hit a new peak of Rs 6,679, up 2 per cent on the BSE in Monday’s intra-day trade in an otherwise weak market. The buying interest at the counter can be attributed to healthy earnings for September quarter (Q2FY25), led by continued strong traction seen in option volume and streamlining of software related expenses.
In comparison, the BSE Midcap and Smallcap indices were down 1.6 per cent and 1.3 per cent, respectively, at 03.06 pm. Read more
In comparison, the BSE Midcap and Smallcap indices were down 1.6 per cent and 1.3 per cent, respectively, at 03.06 pm. Read more
3:17 PM
At around 2:17 PM, UltraTech Cement shares were down 2.16 per cent at Rs 10,822.35 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 81,318.71, around the same time. The market capitalisation of the company around the time stood at Rs 3,12,382.4 crore. Read more![]()
Stock Market LIVE Updates: UltraTech Cement shares slip as Q2 net profit plunges 36% to Rs 820 crore
UltraTech Cement shares slipped over 2 per cent in Monday's afternoon trade on the BSE to register an intraday low of Rs 10,770.35 per share on the BSE. The stock declined after the company reported weak Q2FY25 results.
At around 2:17 PM, UltraTech Cement shares were down 2.16 per cent at Rs 10,822.35 per share on the BSE. In comparison, the BSE Sensex was up 0.12 per cent at 81,318.71, around the same time. The market capitalisation of the company around the time stood at Rs 3,12,382.4 crore. Read more
3:13 PM
Housing sales fell to 41,871 units in Q3 2024 against 47,985 units in the same period last year while launches fell to 28,980 units in July-September quarter of 2024 from 43,748 units in the same period last year, the report said. Read more![]()
Stock Market LIVE Updates: Housing sales in tier 2 cities down 13%, Bhubaneshwar sees worst decline
Housing sales in India's top thirty tier II cities fell 13 per cent in the July-September quarter of 2024 while new launches have declined by 34 percent, according to a report by NSE-listed real estate data analytics firm PropEquity.
Housing sales fell to 41,871 units in Q3 2024 against 47,985 units in the same period last year while launches fell to 28,980 units in July-September quarter of 2024 from 43,748 units in the same period last year, the report said. Read more
3:02 PM
Stock Market LIVE Updates: 3 PM market update
At 3 PM, the BSE Sensex was up 36 points, or 0.05 per cent, at 81,261, while the Nifty 50 was at 24,803.75, down 50 points, or 0.2 per cent.
2:54 PM
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Stock Market LIVE Updates: MRPL stock slumps 5% after co disappoints investors with weak Q2 show
Stock Market LIVE Updates: Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL) dipped as much as 5.52 per cent at Rs 156.45 per share on the BSE in Monday’s intraday trade. The investors turned net sellers on the stock after the company, a subsidiary company of ONGC and Schedule ‘A’ Mini Ratna posted a net loss in its quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25). READ MORE
2:41 PM
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Stock Market LIVE Updates: This realty stock has surged 50% in 2 weeks; zoomed 107% thus far in CY2024
Stock Market LIVE Updates: Shares of Ajmera Realty & Infra India hit a new high of Rs 908.05, surging 5 per cent on the BSE in Monday’s intra-day trade after the company’s board approved issue of equity shares to investor Mukul Mahavir Agrawal and Authum Investment & Infrastructure on a preferential basis. READ MORE
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First Published: Oct 21 2024 | 7:20 AM IST
