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Share Market Closing Note
Equity markets were choppy on Monday as global mood remained sombre, and investors booked profit after Fridays 2-per cent rally. The S&P BSE Sensex gyrated within a band of 771 points, before settling at 56,789, down 638 points or 1.11 per cent. The NSE Nifty50, too, closed 207 points, or 1.21 per cent, lower at 16,887. The index hit a high of 17,114.65, and a low of 16,921.25 during the day.
Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent. This was followed by selling in Eicher Motors, Maruti Suzuki, Adani Ports, Hindalco, Tata Consumer Products, HUL, Kotak Bank, ITC, HDFC Life, Britannia, SBI, and Tata Motors. All these stocks fell between 2 per cent and 6 per cent.
On the upside, ONGC, Cipla, Coal India, Dr Reddys Labs, BPCL, Divis Labs, and Bharti Airtel helped trim losses.
The broader markets declined in tandem with benchmarks with the BSE MidCap, and SmallCap indices dipping 1.24 per cent, and 0.5 per cent, respectively. Overall, there were roughly 1,400 stocks in the green on the BSE, as against over 2,100 stocks in the red. Volatility index -- India VIX -- surged over 7 per cent today.
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Topic :- Time:3.10 PM
Just In:
Zee offers to shut down major entertainment channel for merger with Sony.
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Topic :- Time:3.00 PM
Nifty spot close above 16900 level will result in some upmove in the market in coming sessions and close below above mentioned level will mean some further decline in the Nifty. Avoid open positions for tomorrow
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Topic :- Time:2.30 PM
GOLD Trading View:
GOLD is trading at 50420.If it manages to trade and sustain above 50480-50500 levels then expect some quick upmove in it and if it breaks and trade below 50380 level then some decline can follow in it.
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Topic :- Time:2.00 PM
Nifty is declining. Nifty spot if manages to trade and sustain above 16960 level then expect some further upmove in the market and if it breaks and trade below 16920 level then some decline can follow in the Nifty.
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Topic :- Time:2.00 PM
Nifty is declining. Nifty spot if manages to trade and sustain above 16960 level then expect some further upmove in the market and if it breaks and trade below 16920 level then some decline can follow in the Nifty.
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Topic :- Time:1.30 PM
COPPER Trading View:
COPPER is trading at 642.55.If it holds below 645-646 level then expect some decline in it and it is likely to test 638-636 levels quite soon and if it manages to trade and sustain above 646 level then some upmove can follow in it.
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Topic :- Time:1.20 PM
Just In:
Zydus Lifesciences gets USFDA nod for generic drug.
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Topic :- Time:1.00 PM
Nifty is rangebound. Nifty spot if manages to trade and sustain above 17060 level then some upove can be seen in the market and if it breaks and trade below 17000 level then some decline can follow in the Nifty.
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Topic :- Time:12.30 PM
NATURALGAS Trading View:
NG is trading at 548.50.If it manages to hold above 544 level then expect some further upmove in it and only below 544 it can slide down. Buy on decline till it holds above 544 is recommended.
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Topic :- Time:12.00 PM
After negative start nifty is still trading in red zone. Nifty spot if breaks and trade below 17000 level then expect some further decline in the market and if it manages to trade and sustain above 17060 level then some upmove can follow in Nifty.
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Topic :- Time:11.30 AM
News Wrap up:
1. Sensex trims losses, down 150pts; Nifty50 below 17,050
2. Manufacturing PMI dips to 3-month low of 55.1 in September on poor demand
3. $1.2-trn PM Gati Shakti plan can snatch away factories from China
4. Hotels sold out as big fat Indian weddings recover from Covid shock
5. Reliance Jio may not charge a premium for its 5G services initially
6. Xiaomi says 84% of Rs 5,551 cr seized by ED was royalty payment to Qualcomm
7. Nykaa soars 11% after board approves 5:1 bonus share
8. RITES hits all-time high on healthy outlook; stock climbs 15% in 3 days
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