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Topic :- Share Market Closing Note
Nifty below 24,800, Sensex down 638 pts; IT index outperforms:
Indian benchmark indices ended on a weak note in the volatile session on October 7 with Nifty below 24,800.
At close, the Sensex was down 638.45 points or 0.78 percent at 81,050.00, and the Nifty was down 218.80 points or 0.87 percent at 24,795.80. About 597 shares advanced, 3289 shares declined, and 117 shares unchanged.
Biggest Nifty losers included NTPC, Adani Ports, Adani Enterprises, SBI, Coal India, while gainers were ITC, Bharti Airtel, Trent, M&M and Infosys.
Except IT (up 0.6 percent), all other sectoral indices ended in the red with PSU bank, healthcare, capital goods, realty, metal, power, oil & gas, media and telecom down 1-3 percent.
BSE Midcap index down 2 percent and Smallcap index down over 3 percent.
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Topic :- Time:3.15 PM
Just In:
Evonith raises ₹1.7k cr to repay bondholders.
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Topic :- Time:3.00 PM
Volatility is at its peak. Nifty and Banknifty are showing big swings. Nifty spot is trading at 24819 down 197 points right now. Nifty spot if holds above 24780 level on closing basis then expect some pull back in the market and if it closes below above mentioned level then some further fall can be seen in the market. Avoid open positions for tomorrow. Do not carry anything as BTST or STBT.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 6382. If it holds below 6400 level then expect it to decline towards 6300 level and once it manages to trade and sustain above 6400 level then some upmove can follow in it.
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Topic :- Time:2.00 PM
Nifty spot is trading with 236 point loss and Banknifty is down by 815 points. Free fall is going on in Indian stock market with VIX rising continuously.
Nifty spot if breaks and trade below 24780 level then expect some further decline in the market and if it manages to trade and sustain above 24840 level then some upmove can follow in the Nifty.
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Topic :- Time:1.30 PM
SILVER Trading View:
SILVER is trading at 92800. If it breaks and trade below 92700 level then expect some decline in it and if it manages to trade and sustain above 93020 level then some upmove can follow in Silver.
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Topic :- Time:1.10 PM
Nifty is trading volatile and is trading at 24790. If it breaks and trade below 24760 level then expect some more fall and if it manages to trade and sustain above 24820 level then some upmove can follow in it.
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Topic :- Time:12.40 PM
Just In:
Saregama India aims to pick up Karan Johars Dharma Productions
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Topic :- Time:12.35 PM
Just In:
Ratan Tata Hospitalised: Former Tata Group Chairman Admitted In Mumbais Breach Candy Hospital
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 853.70. If it manages to hold below 856.60 level then expect it to test 849-848 levels quite soon and only above 856.60 level it is likely to show some upmove. Sell on rise till it holds below 856.60 is recommended in it for now.
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Topic :- Time:12.10 PM
Just In:
Shapoorji Pallonji Group seeks waivers from lenders for launch of Afcons pre-IPO and IPO share sale
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Topic :- Time:12.00 PM
Nifty is trading highly volatile and is likely to remain volatile from here. Nifty spot if breaks and trade below 24880 level then expect some further decline in the market and if it manages to trade and sustain above 24940 level then some upmove can be seen in the market.
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Topic :- Time:11.45 AM
Just In:
AUTO SALES IN SEPTEMBER
Retail sales slump nearly 20% amid record car inventory glut.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex down 370pts, at 81,300, Nifty sheds 150pts, at 24,850; PSB down 3%
2. Passenger vehicle sales drops 19% in September, inventory hits record high
3. Cash is not king as majority prefer staying invested rather than keeping high cash levels
4. Majority prefer deploying cash in large-caps while avoiding small- and mid-caps
5. FII assets in India cross a trillion dollars; equity ownership at 6-month high
6. WazirX officials face questions as sleuths from govt agencies probe $235-mn crypto hack
7. Godrej Properties stock jumps 2% on record bookings, collections in Q2FY25
8. Saj Hotels shares list at 15% discount over IPO price on NSE SME
9. HVAX Technologies lists at 6% premium over IPO price on NSE SME
10. NBCC share price surges 4% as stock trades ex-bonus; 90 crore shares to be issued
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Topic :- Time:11.00 AM
After positive start nifty is now trading in negative zone. Nifty spot if breaks and trade below 24880 level then some decline can be seen in the market and if it manages to trade and sustain above 24920 level then some upmove can follow.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 07 Oct,2024:
Indian share market is under the grip of panic selling due to ongoing Israel-Iran tension however quick bounce back is expected in the market soon. Auto sector is likely to shine soon as it is geared up for upcoming festival season.
For Monday if Nifty spot manages to trade and sustain above 25060 level then expect some quick bounce back in the market and if it breaks and trade below 24960 level then bears are likely to dominate for some more time. All lows should be used as an opportunity to go long specially by investors in stock specific investments.
Please note this is just opening view and should not be considered as the view for the whole day.
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