Market Highlights: Banks, metals lift Sensex 694 pts, Nifty atop 24 200; US election results eyed

Stock Market Highlights, Nov 5, Tuesday: In the broader markets, the BSE MidCap and the BSE SmallCap indices edged 0.4 per cent higher each.

3:55 PM

Stock Market Comment: 'Buy-on-dips strategy to benefit traders till Nifty holds 24,000'

On the technical front, a Piercing Line candlestick pattern has appeared on the daily chart, suggesting a potential bullish reversal. Additionally, a positive divergence on the daily RSI further strengthens the case for an upward move.

Looking ahead, a buy-on-dips strategy could benefit traders as long as Nifty stays above 24,000. On the higher side, Nifty may advance toward the 24,750-24,800 range. However, the buy-on-dips strategy has to be reviewed once Nifty falls back below 24000.

Views by: Rupak De, Senior Technical Analyst, LKP Securities

3:50 PM

Stock Market Comment: Why did markets rebound today?

The domestic market experienced a sharp recovery, reclaiming most of the previous day’s losses amid uncertainty surrounding the likely downgrade in Q2 GDP forecast and closely contested US presidential election. 

However, the recent rebound in domestic manufacturing activity data, along with the expected revival of consumption in the H2, are likely to support market sentiment. Metals led the gains, driven by the anticipation of significant stimulus from China later this week.

Views by: Vinod Nair, Head of Research, Geojit Financial Services.

3:48 PM

Stock Market Close Highlights: Rupee ends below 84/$

Stock Market Close Highlights: Rupee ends at 84,11 per US dollar on Tuesday, up 1 paise. 

3:45 PM

Stock market Close Highlights: All but FMCG Media indices eke out gains

Stock Market Close Highlights: Nifty Metal index rises 3 per cent, followed by the Nifty Bank index (up 2 per cent).

3:42 PM

Stock Market Close Highlights: Broader market indices ended higher

Stock Market Close Highlights: The BSE MidCap and SmallCap indices added 0.4 per cent each.

The indices, however, underperformed benchmark indices today.

3:39 PM

Stock Market Close Highlights: Only 9 Sensex stocks end in red; JSW, Tata Steel lead the upward march

Stock Market Close Highlights: 21 stocks on the Sensex index ended higher, led by JSW Steel, Tata Steel, HDFC Bank, Axis Bank, IndusInd Bank, and SBI.

On the downside, Adani Ports, ITC, Airtel, Asian Paints, and Infosys were top Sensex losers today

3:36 PM

Stock Market Close Highlights: NSE Nifty50 reclaims 24,200-mark

Stock Market Close Highlights: The Nifty50 index staged a solid reversal intraday to end at 24,213.30, up 217.95 points or 0.91%.

>> The index hit a high of 24,229.05 and a low of 23,842.75 during the day
 

3:33 PM

Stock Market Close Highlights: BSE Sensex rises after Monday's bloodbath

Stock Market Close Highlights: The BSE Sensex index ended at 79,476.63 today, up 694.39 points or 0.88%

3:29 PM

Stock Market LIVE Updates: India VIX cools off 3%

Stock Market LIVE Updates: India VIX, India's volatility index, cooled off more than 3 per cent as the markets staged intraday recovery

3:16 PM

Stock Market LIVE Update: Nifty Metal, Financial indices rise up to 3%

Stock Market LIVE Updates: Nifty FMCG, IT, Media indices were weak in the afternoon session

Nifty Metal, Financial Services, Bank indices, on the contrary, were moving higher

3:03 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty surge

Stock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50, off the day's lows, climbed higher on Tuesday.

At 3 PM, the BSE Sensex was up 648.09 points, or 0.82 per cent, at 79,430.33, while the Nifty 50 was at 24,188.65, higher by 193.30 points, or 0.81 per cent.

 

2:55 PM

Stock Market LIVE Updates: This recently listed stock enters top-100 mcap club; jumps 127% in 6 days

Stock Market LIVE Updates: Waaree Energies (Waaree) share price continued its northward movement, hitting a new high at Rs 3,408.85, as they surged 14 per cent on the BSE in Tuesday’s intra-day trade. 

 

The stock was trading higher for the sixth straight day, surging 46 per cent since its listing on October 28. The market price of one of the leading India's renewable energy companies, specialising in solar energy solutions, has zoomed 127 per cent against its issue price of Rs 1,503 per share. READ MORE

 

2:45 PM

Stock Market LIVE Updates: Dr Reddy's Labs Q2 Preview: Profits may decline 7%, revenues to rise 12%

Stock Market LIVE Updates: Indian pharmaceutical major Dr Reddy’s Laboratories is scheduled to post its financial results for the second quarter (July-September) of fiscal year 2024-25 (Q2FY25) on Tuesday, November 5.

 

Analysts expect Dr Reddy's Lab to report a single digit fall in profits with a double digit revenue growth. They anticipate slowness in the North American market driven by flat volumes across most molecules. READ MORE

 

2:33 PM

Stock Market LIVE Updates: Bandhan Financial Services acquires Genisys Group, expands global footprint

Stock Market LIVE Updates: Bandhan Financial Services (Bandhan Group) on Tuesday announced acquisition of Genisys Group, a global information technology and business process services company, marking the former’s strategic entry into the technology sector.

The acquisition will help Bandhan Group expand its global footprint with new offices in the US, UK, and India, significantly enhancing its presence in these markets. READ MORE

 

2:20 PM

Stock Market LIVE Updates: Iron ore climbs to over 2 week high on prospects of more China stimulus

Stock Market LIVE Updates: Iron ore futures climbed on Tuesday to their highest levels in more than two weeks, underpinned by growing optimism over further stimulus from top consumer China, although fundamentals of the key steelmaking ingredient remained weak.

 

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 2.53% higher at 791 yuan ($111.33) a metric ton. It hit the highest since Oct. 17 at 798 yuan a ton earlier in the session. READ MORE