Share market updates today: Sensex | Nifty| Bank Nifty
Share market updates today: indices end positive on global cues
Indian share market opened in red today after getting a negative indication from SGX Nifty. Initially, Nifty was looking strong and Bank Nifty was hovering around 29050. Later in the second half Bank Nifty got uptrend movement and both Nifty, Bank Nifty extended its gain. Nifty midcap index gained the most followed by Nifty smallcap index.
Share market updates today
At close, Nifty gained 75.50 points and closed at 11661.90 whereas Sensex was up 246.32 points and closed at 39238.98. Bank Nifty also gained 130.85 points in the end and closed at 29120.30.
Nifty midcap 100 index jumps above 2% today, gained 326.70 points and closed at 16213.55. Nifty smallcap 100 index also gained 94.85 points or 1.73% and closed at 5567.55.
The top five gainers in Nifty 50 stocks are Yes Bank, Coal India, Adani Ports, Grasim, and Maruti Suzuki. and the losers in Nifty smallcap are Zee Ent, Tata Motors, Eicher Motors, Bajaj Auto and Hindalco.
The top gainers in the Nifty midcap index are Reliance Power, PNB Housing Fin and the top loser are MRPL and Dish TV. The top gainers in the Nifty small-cap are Hind Copper and NMTC and the losers are Oriental Bank and Jet Airways.
Share markets update on sectors: today’s top-performing sectors are Metal, Real Estate, Power, Infra, Logistic, Footwear, and Capital Goods. The non-performing sectors are Aviation, Media and Telecom, these sectors are marginally down today.
Monday on 21st Indian stock market will be closed on account of Maharashtra Assembly Election. The next trading day would be on Tuesday i.e 22nd October 2019. Tomorrow on 19th October HDFC Bank will announce the Q2 earnings and on Monday 21st October Axis Bank and Bharti Infratel will announce their Q2 earnings.
Share market updates on stock news today
Government likely to lower down its stake in BHEL, the news has spike the share price of BHEL by 25% in the morning today. At close, BHEL gained 21.86% and the share price closed at Rs 54.35 per share.
JSW Steel has raised Rs2000 fresh fund from LIC through 10 years bonds, at yield of 8.79% payable semi-annually, source Moneycontrol. The share price of JSW Steel has closed flat at Rs 223.35 per share.
The Mukesh Ambani led Reliance Industries has become the first company in India to hit the market capitalization of 9 Lakh crore. It has touched 52 week high of Rs 1428 and gained 1.42% The share price of RIL has closed Rs 1416.35 per share in the end today. Market analysts are expecting a good set of Q2 numbers today.
L&T is going to increase its stake in its subsidiary company L&T Infrastructure Development Projects. L&T has agreed to purchase the entire stake held by Old Lane Mauritius in the company. The share price of L&T has gained 1.65% on the news and closed at Rs 1447.80 per share.
ARSS Infrastructure has bagged a Rs 76 crore order from the CONCOR. The share price of ARSS Infrastructure gained 4.94% and closed at Rs 24.45 per share
Cipla has acquired a patented anti-infective drug Elores from Venus Remedies for the Indian market. The share price of Cipla fell 0.48% and closed at Rs 444.15 per share.
Q2 Earnings of Stocks
The Q2 earnings of ZEEL was announced yesterday aftermarket. ZEEL reported 7% YoY rise in profit to Rs 413 cr. It was reported Rs 386.87 cr in the last year same period. It missed the streets estimates because of slow revenue growth and weak operating margin.
The share price of ZEEL tanks 5.39% and closed at Rs 250.20 per share.
TVS Motors has posted good Q2 earnings better than expected. The company posted a 21% growth in profits YoY basis to Rs 255 crore. The share price of TVS motors gained 3.80% and closed at Rs 456.50 per share
Yesterday, South Indian Bank reported a 21% rise in net profit at Rs 84.48 crore in the Q2 Sept end quarter. It was Rs 70 crore a year ago in the same period. The share price of SIB has gained 3.52% today and closed at Rs 10.30 per share.
Crude and Rupee updates:
Crude is trading higher today. The Brent crude oil future price is trading 0.30% higher at $ 60.08 per barrel. The Indian rupee is trading almost flat, the current price is Rs 71.16 against the US dollar.
Conclusions:
We had already indicated yesterday’s share market updates report that today’s market will be positive and exactly the same happened. Still, the trend is looking positive. FIIs/FPIs are buying for the last 6 days in the cash segment. Global cues are positive at present. Technically market is uptrend and there is no domestic event at present to hold the market rally. Traders should follow the global cues and trade accordingly in the market.
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You may also like to read, Technical levels of Nifty, Bank Nifty Future 18th Oct2019
Happy Investing!!
Editors Desk
