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Share Market Closing Note
Indian benchmark indices ended higher for the second day in a row on October 6 with the Nifty finishing above 17,300 amid buying across sectors, barring FMCG and Pharma.
Despite mixed global cues, the equity market opened on a positive note and remained in positive territory for the most part of the session. However, last-hour selling dragged the indices to close near the days low.
At Close, the Sensex was up 156.63 points or 0.27% at 58,222.10, and the Nifty was up 57.50 points or 0.33% at 17,331.80.
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Topic :- Time:3.10 PM
Nifty spot if manages to close above 17280 level on closing basis then expect some further bounce back in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen.
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Topic :- Time:2.15 PM
Just In:
Mahindra Lifespaces and Actis form joint venture to develop industrial, logistics real estate facilities.
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Topic :- Time:2.00 PM
Nifty is trading in a range. Nifty spot if manages to trade and sustain above 17400 level then expect some upmove in the market and if it breaks and trade below 17360 level then some decline can follow in Nifty.
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Topic :- Time:1.00 PM
Nifty and Banknifty are zooming high. Nifty spot if manages to trade and sustain above 17420 level then expect some further upmove in the market and if it breaks and trade below 17380 level then some decline can follow in the Nifty.
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Topic :- Time:12.30 PM
Commodity Corner:
COPPER Trading View:
COPPER is trading at 671.15.If it holds below 675.50 level then expect it to shrink towards 666-664 levels and once it manages to trade and sustain above 675.50 level then some further quick upmove can be seen in it.
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Topic :- Time:12.00 PM
Nifty is trading on higher note. Nifty spot if manages to trade and sustain above 17400 level then expect some further upmove in the market and if it breaks and trade below 17340 level then some decline can follow in the Nifty.
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Topic :- Time:11.30 Am
News Wrap Up:
1. Sensex off days high, up 250pts; Nifty50 above 17,350
2. Services PMI at 54.3 in Sep; slowest expansion in 6 months amid weak demand
3. World currency reserves shrink by $1 trn this year in record drawdown
4. Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
5. Musk, Twitter may reach deal to end court battle as early as Wed: Report
6. Zee Entertainment gains 6% after CCIs conditional nod for merger with Sony
7. Trading volumes soar as demat tally surpasses 102.5 million accounts
8. Bharat Forge surges 8% on reports of strong US Class 8 truck orders
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 06 October 2022:
Global cues to dictate trend. Trade as per market trend.
Nifty spot if manages to trade and sustain above 17300 level then expect some upmove and if breaks and trade below 17240 level then some decline can follow in the market. Please note this is just opening view and should not be considered as the view for the whole day.
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