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Share Market Closing Note
Benchmark indices climbed over 1 per cent in intra-day deals on Tuesday, before cooling off mildly as HDFC twins, Sun Pharma, NTPC, and Tech M weighed.
The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each.
The S&P BSE Sensex ended at 58,961, up 550 points or 0.94 per cent, while the Nifty50 closed at 17,487, 175 points or 1 per cent, higher. The indices hit intra-day highs of 59,144, and 17,528, respectively.
In the broader markets, the Nifty MidCap and SmallCap indices gained 1.2 per cent, and 0.75 per cent, respectively. Overall, the market breadth firmly favoured buyers in the ratio of 2:1. Volatility index, India VIX, meanwhile eased over 5 per cent.
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Topic :- Time:3.00 PM
Nifty spot if manages to trade and hold above 17500 level on closing basis then expect some further upmove in the market in coming sessions and if it closes below above mentioned level then some sluggish movement can be seen. Avoid open positions for tomorrow.
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Topic :- Time:2.20 PM
Just In:
POLYCAB Q2 : CONS NET PROFIT AT 270 CR V 198 CR (YOY).
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Topic :- Time:2.00 PM
Nifty is trading flat. Nifty spot if breaks and trade below 17450 level then expect some decline in it and if it manages to trade and sustain above 17500 level then some upmove an follow in it.
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Topic :- Time:1.45 pm
Just In:
1. HERITAGE FOODS Q2 ; CONS . NET PROFIT AT 19 CR V 32.7 CR (YOY)
REVENUE AT 81.6 CR V 67 CR (YOY)
2. PRAJ Q2 : CON. PROFIT AT 48 CR V 33 CR (YOY)
REVENUE AT 876 CR V 532 CR (YOY)
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Topic :- Time:1.30 pm
GOLD Trading View:
GOLD is trading at 50540.If it manages to trade and sustain above 50580 level then expect some further upmove in it and if it breaks and trade below 50500 level then some decline can follow in it.
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Topic :- Time:1.00 pm
Nifty is trading in a range. Nifty spot if manages to trade and sustain above 17540 level then expect some upmove in the market and if it breaks and trade below 17480 level then some decline can follow in the Nifty. Currently nifty is trading at 17497.
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Topic :- Time:1.00 pm
Nifty is trading in a range. Nifty spot if manages to trade and sustain above 17540 level then expect some upmove in the market and if it breaks and trade below 17480 level then some decline can follow in the Nifty. Currently nifty is trading at 17497.
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Topic :- Time:11.30 am
News Wrap Up:
1. Sensex off highs, up 550 pts; PSB index rises 3%, HDFC, BPCL fall
2. 66% CEOs in India expect recession in 2023; layoffs on the cards
3. Bangladesh, Vietnam seen as competitors in textile and garment trade
4. BSVI phase 2: Diesel car cost likely to rise by nearly Rs 80,000
5. Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr
6. Dalmia, Sagar Cements in race to buy debt-ridden Andhra Cements
7. Zee Entertainment surges 6% after 53 mn shares change hands via block deal
8. Samvardhana Motherson slips 7%, hits new 52-week low after block deal
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Topic :- Share Market Closing Note
Nifty ends above 17,300 led by SBI, Bajaj Finserv; metals, realty close in the red
Stock Market Updates: Among sectors, buying was seen in financials, auto and power spaces while selling was seen in metals and realty names.
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Topic :- Time:3.20 PM
Nifty spot close above 17280 level will result in some further upmove in coming sessions and if it closes below above mentioned level then some sluggish move can continue. Avoid open positions for tomorrow.
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 50514. If it breaks and trade below 50480 level then some decline can follow and if it manages to trade and sustain above 50550 level then some more upmove can follow. Gold is in Buy from decline trend as off now.
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Topic :- Time:2.00 PM
Nifty spot if manages to trade and sustain above 17320 level then expect some upmove in it and below 17280 level some decline can be seen.
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Topic :- Time:1.00 PM
Nifty spot if breaks and trade below 17260 level then expect some decline in the market and if it manages to trade and sustain above 17300-17320 levels then some upmove can follow in it. Currently Nifty spot is trading at 17287.
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Topic :- Time:12.30 pm
COPPER Trading View:
COPPER is trading at 654.If it holds above 652 level then expect good upmove in it and if it breaks and trade below 652 level then some decline can follow in Copper.
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Topic :- Time:12.00 PM
Nifty is showing some signs of weakness now. Nifty spot if breaks and trade below 17220 level then expect some decline in the market and if it manages to trade and sustain above 17260-17280 levels then some upmove can follow in the Nifty.
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Topic :- Time:11.40 am
Just In:
CRAFTSMAN AUTO Q2 : CONS NET PROFIT AT 62.48 CR V 49. 9 CR (YOY)
REVENUE AT 776 CR V 571 CR (YOY)
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Topic :- Time:11.30 am
News Wrap Up:
1. Sensex surges 200pts, Nifty50 above 17,200; SBI gains 2%
2. This recession was anticipated, says TCS MD & CEO Rajesh Gopinathan
3. HDFC twins may merge a few months ahead of schedule: HDFC Bank CFO
4. Soaring dollar leaves food piled up in ports as world hunger grows
5. Mothersons local wiring biz better placed than its global sales entity
6. Bajaj Auto gains 2% in a weak mkt after net profit climbs 20% YoY in Q2FY23
7. Rs 25 trn in Jan Dhan accounts, says Union Minister Kishan Reddy
8. Crypto weekly wrap: Tokens recover after plunging post-US inflation data
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Topic :- Time:11.00 am
After negative opening nifty has shown smart recovery and is trading in green now. Nifty spot if manages to trade and sustain above 17280 level then expect more momentum in the market and if it breaks and trade below 17220 level then some decline can be seen.
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Topic :- Here are 10 key factors that will keep traders busy next week
1) Corporate earnings
2) US industrial production, China Q3CY22 GDP
3) Other global economic data points
4) Indian rupee
5) FII flow
6) Economic data points
7) Technical View
8) F&O cues
9) Primary market
10) Corporate Action
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 17 October 2022:
Nifty to trade volatile and is likely to follow global cues. Trade as per market trend.
Nifty spot if manages to trade and sustain above 17250 level then expect some upmove in the market and if it breaks and trade below 17160 level then some further 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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