Market Close Highlights, Oct 10: Sensex adds 144 pts, Nifty nears 25,000; Banking shares shine
Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree
 "Photo: Shutterstock")
Photo: Shutterstock
Stock Market Highlights, Thursday, October 10, 2024: Benchmark equity indices, BSE Sensex, and NSE Nifty50 ended in the positive territory on Thursday. The BSE Sensex added 140.75 points or 0.17 per cent to settle at 81,607.55.
The NSE Nifty50 settled in green at 24,998.45, up 16.50 points or 0.07 per cent from its previous close.
27 out of 50 constituent stocks of Nifty50 ended in red, dragged by Cipla, Tech Mahindra, Trent, Sun Pharma, and Infosys, with losses extending up to 3.37 per cent.
27 out of 50 constituent stocks of Nifty50 ended in red, dragged by Cipla, Tech Mahindra, Trent, Sun Pharma, and Infosys, with losses extending up to 3.37 per cent.
On the contrary, Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the green with gains extending up to 3.84 per cent on Thursday.
From the BSE space, 17 out of 30 constituent stocks of the Sensex ended higher, led by Kotak Mahindra Bank, JSW Steel, and HDFC Bank, with gains of up to 3.90 per cent. Meanwhile, Tech Mahindra and Sun Pharma were among the top laggards, falling up to 2.82 per cent.
Among the broader indices, the Nifty Smallcap 100 ended higher by 0.19 per cent, while the Nifty Midcap 100 settled lower by 0.28 per cent.
Bank Nifty, and PSU Bank indices outperformed other sectoral indices, and ended higher by over 1 cent each. Financial Services, Auto, and Metal stocks also ended in the green.
Meanwhile, IT, Pharma, FMCG, and Healthcare were the top laggards among the sectoral indices, with losses extending up to 2.01 per cent.
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Stock Market Highlights LIVE Updates: Broader market mixed as expectation of Q2FY25 results is subdued
The market traded on a range bound trend with a negative bias ahead of the start of Q2 result.The Asian market started well but could not hold on to the gains as European markets waved on a negative trend in anticipation of the key US inflation data, global bond yields are rising.
Domestic broader market momentum was mixed with caution as the initial expectation of Q2FY25 results is subdued due to a subpar momentum in the global and rural demand.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
Domestic broader market momentum was mixed with caution as the initial expectation of Q2FY25 results is subdued due to a subpar momentum in the global and rural demand.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:48 PM
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Stock Market Highlights LIVE Updates: More steam left in Nifty50 for the upside towards 25,350 – 25,500
Nifty opened with gains, however could not continue with the positive momentum and traded within a range to close marginally in the green up ~25 points. On the daily charts we can observe that the Nifty is in the process of retracing the 1500 fall. We believe that the retracement is not complete and there is more steam left for the upside towards 25350 – 25500. Thus, this current consolidation phase should be used as a buying opportunity. Crucial support zone is placed at 24900 – 24850 and should be kept as a stoploss for the long positions.
Bank Nifty witnessed a pullback to the key hourly moving averages (51700 – 51800) zone. We expect the pullback to continue on the upside and towards 52000 – 52400. The upmove is likely to be slow and gradual as there is selling pressure coming in at higher levels. Overall, we believe that the index is likely to trade with a positive bias and hence this intermediate correction should be considered as a buying opportunity.
(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)
(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)
3:45 PM
Stock Market Highlights LIVE Updates: Broader market check
Trends were mixed in the broader markets at Thursday's closing bell, as BSE MidCap index fell 0.36 per cent, while BSE SmallCap rose 0.43 per cent.
3:41 PM
Stock Market Highlights LIVE Updates: Nifty Pharma, Healthcare end as top losers in sectoral trends
Among sectors, Nifty Pharma fell the sharpest, slipping 2.01 per cent, while Nifty Healthcare dropped by 1.95 per cent. On the filip side, Nifty Bank, Nifty Financial Services and Nifty Auto finished in green.
3:40 PM
Stock Market Highlights LIVE Updates: Cipla, Tech Mahindra, and Trent fall up to 3% on NSE
On the NSE, Cipla, Tech Mahindra, and Trent were among top losers, falling up to 3%, followed by Sun Pharma and Infosys.
3:35 PM
Stock Market Highlights LIVE Updates: Heatmap check
On the BSE Sensex, Kotak Mahindra Bank was the top winner, ending 3.90 per cent higher, and closely followed by JSW Steel and HDFC Bank among others.
3:34 PM
Stock Market Highlights LIVE Updates: Nifty closes below 25k
The NSE's Nifty 50 closed at 24,998, up 16 points, or 0.07 per cent on Thursday.
3:32 PM
Stock Market LIVE Updates: Sensex ends over 100 points higher
The BSE Sensex was ended 144 points, or 0.18 per cent, at 81,611 level on Thursday.
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Stock Market LIVE Updates: Net equity inflow in mutual funds at Rs 34,393 cr for September
For the month of September, the net equity inflow in mutual funds came in at Rs 34,393 crore versus Rs 38,212.4 crore in August. The mutual fund (MF) industry’s net assets under management (AUM) marginally increased by 0.58 per cent to Rs 67,09,259 crores at the end of September 2024, as against Rs 66,70,305.14 crores as on August 31,2024 as per data released by the Association of Mutual Funds in India.
Sectoral funds got major inflow to the tune of Rs 22,244 crs. The total folios count of 21.05 crs are at all-time high in September 2024.
Sectoral funds got major inflow to the tune of Rs 22,244 crs. The total folios count of 21.05 crs are at all-time high in September 2024.
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Stock Market LIVE Updates: Power Grid Corporation bags new project; shares up 3%
Shares of state-owned power generation Maharatna company, Power Grid Corporation of India jumped 2.73 per cent to the day's high of Rs 338 on the BSE during the intra-day deals on Thursday. Read more
3:05 PM
Stock Market LIVE updates: 3 PM market update
At 3 PM, the BSE Sensex was up 139 points, or 0.17 per cent, at 81,606, while the Nifty 50 was at 24,993, up 11 points, or 0.05 per cent.
3:00 PM
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Stock Market LIVE Updates: Tata Consultancy cancels Q2 earnings press events after Ratan Tata's death
Stock Market LIVE Updates: Tata Consultancy Service (TCS), which on Thursday had to release its second-quarter earnings for FY25, has cancelled a earnings press conference and subsequent interviews, Moneycontrol reported. This decision comes in the wake of the death of Ratan Tata, the former chairman of Tata Sons, who breathed his last on Wednesday evening. A press conference by the TCS leadership was originally scheduled for 5.30 pm. READ MORE
2:44 PM
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Stock Market LIVE Updates: Torrent Pharma to announce Q2FY25 results on October 25
Stock Market LIVE Updates: “We would like to inform you that a meeting of the Board of Directors will be held on Friday, October 25, 2024, inter alia, to consider and approve the Audited Financial Results on Standalone basis and Unaudited Financial Results (with limited review) on Consolidated basis of the company for the quarter and half year ended on 30-Sep-24,” Torrent Pharma said in a statement.
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Stock Market LIVE Updates: TRIL reports Q2 results
Stock Market LIVE Updates: Transformers and Rectifiers (India) Limited (TRIL) consolidated Q2 profit jumped to Rs 45.9 crore in September quarter of FY25 (Q2FY25). The company's revenue from operation ssurged to Rs 461.5 crore during the same period.
Source: BSE
Source: BSE
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Stock Market LIVE Updates: Arvind SmartSpaces surges 3% on bookings worth Rs 500 cr for Aqua City
Stock Market LIVE Updates: Shares of Arvind SmartSpaces jumped up to 3 per cent at Rs 865 per share on the BSE in Thursday’s intraday trade. Arvind SmartSpaces share price gained after the company announced bookings of over Rs. 500 crore at Arvind Aqua City, its largest township development to date, launched towards the end of September. READ MORE
Topics : MARKET WRAP MARKET LIVE MARKETS LIVE MARKETS TODAY stock market trading Markets Sensex Nifty S&P BSE Sensex Nifty50 Nifty 50 Tata group stocks Tata group Ratan Tata BSE NSE BSE NSE equity TCS stock TCS Q2 results India Inc earnings EARNINGS corporate earnings share market US stock US stock market US stock markets Indian stock markets Asia Markets Asian markets Tata Power Tata Steel Tata Technologies
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First Published: Oct 10 2024 | 7:55 AM IST
