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Share Market Closing Note | indian Stock Market Trading View 27 October 2022

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Share Market Closing Note

Benchmark indices ended on positive note in the highly volatile session on October 27.

Markets begin fiscal on high note; Sensex, Nifty log record closing

At Close, the Sensex was up 212.88 points or 0.36% at 59,756.84, and the Nifty was up 80.70 points or 0.46% at 17,737. About 1770 shares have advanced, 1548 shares declined, and 125 shares are unchanged.

JSW Steel, Hindalco Industries, Tata Steel, Adani Ports and Power Grid Corporation were among the top Nifty gainers, while losers included Bajaj Finance, Bajaj Finserv, Asian Paints, Bajaj Auto and Nestle India.

Among sectors, Metal, Power and Realty up 2-3 percent.

The BSE midcap and smallcap indices up 0.4 percent each.

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Topic :- Time:3.00 PM

Nifty spot if holds above 17660 level on closing basis then expect some quick upmove in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen in the market. Avoid open positions for tomorrow as Nifty is majorly rangebound.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 50730.If it breaks and trade below 50680 level then expect some decline in it and if it manages to trade and sustain above 50780 level then some further upmove can follow in it.

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Topic :- Time:2.00 PM

Nifty spot if manages to trade and sustain above 17720 level then expect some upmove in the market and if it breaks and trade below 17680 level then some decline can follow in it.

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Topic :- Time:1.30 PM

COPPER Trading View:

COPPER is trading at 662.30.If it manages to trade and sustain above 664.20 level then expect some quick upmove in it and if it breaks and trade below 660.00 level then some decline can follow in Copper.

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Topic :- Time:1.15 PM

Just In:

BEL reports Q2 earnings.

Cons net profit down 0.11% at Rs 623.7 cr Vs Rs 624.4 cr (YoY)

 Cons revenue up 7.7% at Rs 3,961.6 cr Vs RS 3,678 cr (YoY)

Cons EBITDA up 0.5% at Rs 868.2 cr Vs Rs 863.9 cr (YoY)

Margin at 22% Vs 23.5% (YoY)

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Topic :- Time:1.10 PM

Just In:

Rising deposit rates to hurt bank profits in coming quarters

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Topic :- Time:1.00 PM

Nifty is still trading in a very small range. Nifty spot if manages to trade and sustain above 17720 level then expect some upmove and if it breaks and trade below 17680 level then some further decline can follow in the market.

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Topic :- Time:12.00 PM

Nifty is highly rangebound on this expiry day. Nifty spot if breaks and trade below 17700 level then expect some decline in it and if it manages to trade and sustain above 17740 level then some upmove can follow in the market.

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Topic :- Time:11.50 AM

Just In:

TAMILNADU MERCANTILE Q2 : ST. NET PROFIT AT 260 CR V 190 CR PROFIT (YOY]

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex rises 250pts, Nifty50 above 17,700; Metal index up 2%

2. NMDC trades ex-date for demerger; stock surges 14% on heavy volumes

3. PNB, BHEL, IDFC among top mid-, smallcap stocks that can rally up to 25%

4. Billionaire Gautam Adanis wealth up relative to Indias GDP, shows data

5. Telcos need to install atleast 10K 5G towers per week: Ashwini Vaishnaw

6. Meta misses profit expectations as Q3 sales slip 4%, income falls 52%

7. SIP account redemptions rise to 11-mth high as investors dip into savings

8. Amber Enterprises hits 52-week low; sheds 9% in four days post Q2 loss

9. Gland Pharma plunges 13%, hits 52-week low on disappointing Q2 results

10. Zee, Sony agree to sell three Hindi channels to address CCI concerns

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