Share Market Highlights: Sensex ends flat, Nifty above 17500 amid volatility; Rupee closes at new low of 83

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended today’s volatile session in green for the fourth straight session with Nifty settling above 17,500. The BSE Sensex closed 146.59 points or 0.25% higher at 59,107.19, and the NSE Nifty 50 ended 25.30 points or 0.14% up at 17512.30. HDFC, Nestle India, ITC, Reliance Industries and Axis Bank were among the top Nifty gainers, while NTPC, JSW Steel, SBI, Bajaj Finserv and Coal India were the top losers. Sectorally, metals and power stocks fell 1 per cent each, while FMCG and Realty indices ended in the green. In broader markets, the BSE midcap and smallcap indices ended on flat note. Rupee ended at fresh record closing low of 83 per dollar against previous close of 82.36.

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Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates 19 October Wednesday

15:35 (IST) 19 Oct 2022 Nifty, Sensex end volatile session in green

The S&P BSE Sensex ended 146 points higher at 59,107, led by gains in index heavyweights HDFC and Reliance Industries. The BSE benchmark index has now gained 1,872 points in the last four straight trading sessions. NSE Nifty 50 index managed to close above 17500.

15:34 (IST) 19 Oct 2022 Rupee fall to 83

Indian rupee ended at fresh record closing low at 83 per dollar against previous close of 82.36.

15:29 (IST) 19 Oct 2022 Rupee falls

Indian rupee sees a sharp fall against the dollar as domestic currency is trading lower by 51 paise at 82.87 against previous close of 82.36.

15:28 (IST) 19 Oct 2022 Bharat Bond ETFs cross Rs 50,000 crore AUM mark

Bharat Bond Exchange Traded Funds, a central government initiative, have crossed the Rs 50,000 crore asset under management mark in just two-and-a-half years, Edelweiss Mutual Fund said on Wednesday. The fund house manages Bharat Bond Exchange Traded Funds (ETFs). The overall passive debt category has crossed Rs 1.15 lakh crore mark at the industry level this growth was kickstarted by the launch of the first tranche of the Bharat Bond ETF in December 2019, according to a statement.

15:06 (IST) 19 Oct 2022 Indices trade flat

Benchmark indices erased most of the intraday gains and trading flat amid volatility.The Sensex was up 80.68 points or 0.14% at 59041.28, and the Nifty was up 8.30 points or 0.05% at 17495.30.

15:06 (IST) 19 Oct 2022 BSE 500:Top losers intraday

TV18 Broadcast and Network 18 down over 6 per cent each were the top losers among the BSE 500 stocks so far. Brigthcom Group, Gujarat Fluorochem and Astral were the other major losers.

14:56 (IST) 19 Oct 2022 Spicejet shares 1% after airline hikes employee salaries

Spicejet shares jumped 1 per cent after the airline has announced a revised salary structure for its Captains increasing their monthly remuneration to Rs 7 lakh a month for 80 hours of flying. The hike will be applicable from November 1, 2022 onwards.

14:54 (IST) 19 Oct 2022 European markets trade flat after UK inflation jumps to 10.1%

The U.K. reported a rise in the consumer price index to 10.1 percent on Wednesday, matching the 40-year high posted by the Office for National Statistics in July.

14:54 (IST) 19 Oct 2022 Tracxn Technologies listing likely to be disappointing

“Tracxn Technologies Ltd. is expected to have a muted to negative listing owing to high valuations, less than stellar subscription numbers and the nature of the issue being OFS; the current GMP is -3 around 3.75% below its issue price. Due to the rising interest rates globally & recessionary conditions in major markets like North America & Europe the Private Equity Markets, Venture Capital markets, Investment Banks, and Family offices are witnessing a significant cutback in terms of activities and traction; additionally, M&A activities have been subdued. Thus we believe that the company will find it difficult to substantially grow its client base and top line in the coming years. Finally, the exorbitant valuation of Price to Sales of ~12.5 (Based on FY 22 numbers and Upper band price) and high competition from global players made it very difficult to recommend this issue. Thus we had assigned Avoid Rating for this issue. And investors must wait for a few quarters before deciding whether to invest or not for the long term,”~Aayush Agrawal, Senior Research Analyst, Swastika Investmart Ltd

14:43 (IST) 19 Oct 2022 HDFC AMC Q2FY23 net profit up 5.7%

Net Profit up 5.7 percent at Rs 364.1 crore vs Rs 344.4 crore on-year 

Revenue up 0.4 percent at Rs 544.7 crore vs Rs 542.3 crore on-year

13:09 (IST) 19 Oct 2022 Indices off day’s high

Benchmark indices erased some of the intraday gains but still trading higher. The Sensex was up 151.79 points or 0.26% at 59112.39, and the Nifty was up 36 points or 0.21% at 17523.

12:58 (IST) 19 Oct 2022 Piramal Pharma lists at Rs 202 on the BSE; shares slip 5% intra-day

In October 2021, the board of directors of Piramal Enterprises (PEL) had approved the demerger of the pharmaceuticals business, and simplification of the corporate structure.

12:55 (IST) 19 Oct 2022 Markets may bottom out soon, but a sustained recovery is unlikely: Nomura

“Assuming no major stimulus and/or reopening in China in the months ahead, we do not think conditions are in place to call for a sustained recovery in stocks. US Fed hikes will continue until March 2023 and a mild-but-long US recession lies ahead that may end in the fourth quarter of calendar year 2023 (Q4-23),” said Chetan Seth, Ankit Yadav and Anshuman Agarwal of Nomura in a recent report.

12:54 (IST) 19 Oct 2022 NSE floats consultation on index components ahead of HDFC-HDFC bank merger

NSE on Tuesday sought market feedback on treatment of index components getting merged or demerged. The public consultation comes ahead of the proposed merger between financial sector behemoths HDFC Bank and HDFC. Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased. To illustrate, HDFC Bank, which has 5.5 per cent weightage in the Nifty, will first be removed. As a result, its weightage will get distributed with all the remaining index components.

12:52 (IST) 19 Oct 2022 ITC surges 6% in four days ahead of Q2 results; analysts expect good numbers

“We estimate cigarette business sales of 16.9 per cent led by strong volumes as well as better product mix. We estimate 10 per cent volume growth during the quarter. We expect 10.7 per cent sales growth in FMCG largely led by prices, improved product mix and higher contribution of stationary brands,” ICICI Securities said in a result preview.

12:48 (IST) 19 Oct 2022 JSW Ispat Special Products Q2 earnings

JSW Ispat Special Products’ consolidated loss for September FY23 quarter widened to Rs 209.1 crore, from loss of Rs 36.88 crore in corresponding period last year, impacted by lower topline growth. Revenue from operations fell by 47% YoY to Rs 757.4 crore in Q2FY23. JSW Ispat Special Products was quoting at Rs 27.20, down Rs 0.25, or 0.91 percent.

11:29 (IST) 19 Oct 2022 Nifty, Sensex hold firm gains

Sensex is up 347.53 points or 0.59% at 59308.13, and the Nifty added 91.70 points or 0.52% at 17578.70.

11:27 (IST) 19 Oct 2022 Nestle India Q3 net profit 8.3%

Net profit was up 8.3% at Rs 668.3 crore against Rs 617.4 crore (on-year). Revenue rose 18.3% at Rs 4,591 crore against Rs 3,882.6 crore on-year. EBITDA was down 6.7% at Rs 1,011 crore against Rs 947 crore on-year. EBITDA margin at 22% against 24.5% on-year.

11:07 (IST) 19 Oct 2022 Reliance top Sensex gainer

BSE Oil & Gas index rose 1 per cent, led by the Reliance Industries, Adani Total Gas, Gujarat Gas

10:28 (IST) 19 Oct 2022 Q2 results today

IndusInd Bank, UltraTech Cement, HDFC Asset Management Company, Nestle India, 5paisa Capital, AU Small Finance Bank, CG Power and Industrial Solutions, Havells India, Home First Finance Company India, Inox Leisure, Metro Brands, Max Financial Services, Nippon Life India Asset Management, Navin Fluorine International, Persistent Systems, Shoppers Stop, and Syngene International will be in focus ahead of September FY23 quarter earnings today.

09:40 (IST) 19 Oct 2022 L&T Tech shares fall 3% after Q2 results

L&T Technology Services share price fell 3 percent in early trade on October 19, a day after the company reported its September quarter earnings. L&T Technology Services posted a 3 percent jump in its second quarter net profit at Rs 282.4 crore as against Rs 274.2 crore and the rupee revenue was up 6.5 percent at Rs 1,995.1 crore as against Rs 1,873.7 crore, sequentially. The company declared a dividend of Rs 15 per share.

09:39 (IST) 19 Oct 2022 Capital Goods shares edge higher

BSE Capital Goods index added 1 percent led by Suzlon Energy, Sona BLW Precision Forgings, Hindustan Aeronautics

09:29 (IST) 19 Oct 2022 Bank Nifty above 40500

Bank Nifty jumped 198 pts or 0.5% to trade at 40532 level

09:29 (IST) 19 Oct 2022 Sensex gainers, losers

HDFC, HDFC Bank, Powergrid, L&T, M&M, Titan, Ultratech Cement, Maruti were the top Sensex gainers, while HCL Tech, SBI, Tata Steel, Bajaj Finserv, Infosys, Reliance were the top losers

09:24 (IST) 19 Oct 2022 Use dip towards 40000 in Bank Nifty to create long positions

“Over the past three days, the Bank Nifty has gained around 1700 points. Healthy buying was seen in both midcap and small cap banks. We expect the positive momentum to continue, going forward. Therefore, any dip towards 40000 should be used to create long positions.”~ICICI Securities

09:23 (IST) 19 Oct 2022 Nifty may move towards 18000; use dips from current level as buying opportunity

“The formation of higher high and low supported by across sector participation makes us confident to believe the index would extend ongoing up move towards psychological mark of 18000 in coming weeks. However, such a move would be in a non-linear fashion amid global volatility. Thus, any cool-off from here on should not be construed as negative. Instead, dips should be used as buying opportunity amid progression of Q2FY23 earning season.”~ICICI Securities

09:19 (IST) 19 Oct 2022 Nifty gainers, losers

HDFC, HDFC Bank, ITC, Power Grid Corp and Cipla were among major gainers on the Nifty, while HCL Tech, Tata Steel, SBI, ONGC and JSW Steel were the laggards.

09:19 (IST) 19 Oct 2022 Nifty, Sensex open in green

Indian indices opened on positive note on October 19 with Nifty above 17,500.The Sensex was up 249.37 points or 0.42% at 59209.97, and the Nifty was up 63.10 points or 0.36% at 17550.10.

09:18 (IST) 19 Oct 2022 Rupee opens 6 paise higher against US dollar, may trade range-bound amid mixed cues

The Indian rupee opened 6 paise higher at 82.30 per dollar on Wednesday against the previous close of 82.36. USDINR Sport is likely to trade with a positive bias, and quote in the range of 82.10 and 82.60. The local currency is expected to trade in a range of 82.25-82.75 per dollar in the near-term amid pressure from a stronger dollar, factors such as high domestic inflation, as well as, rising risks on the external front. In the previous session, rupee pared its initial gains to close higher against the US dollar in a restricted trade. At the interbank forex market, the local unit opened at 82.21 against the greenback, and ended at 82.37, down 7 paise from Monday’s close.

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09:15 (IST) 19 Oct 2022 Nifty, Sensex to extend gains

“Overnight gains in the US markets and subsequent optimism in the Asian pack is likely to help local benchmark indices extend gains in Wednesday trades. The sluggish trend in the US dollar near the 112 levels and sliding crude oil prices to $85 a barrel would boost the market sentiment. Concerns over rising interest rates in the next month’s policy meeting by the US Fed after last week’s higher-than-expected inflation data will keep investors on the edge, although the market is already preparing for a higher rate hike. Technically, for Nifty the immediate target is at 17589 mark, while support for the index is seen at 17227,”~Prashanth Tapse – Research Analyst, Senior VP (Research), Mehta Equities

09:03 (IST) 19 Oct 2022 Pre-open: Nifty, Sensex in red

Benchmark indices are trading lower in the pre-opening session. The Sensex was down 279.34 points or 0.47% at 58681.26, and the Nifty was down 31.40 points or 0.18% at 17455.60.

09:00 (IST) 19 Oct 2022 Action in agriculture-related, FMCG stocks likely

“Today, markets are likely to make a slightly positive start on firm global cues and falling crude oil prices. There will be some action in agriculture-related stocks as the government said the hike in the minimum support price of several Rabi crops will further energise the agriculture sector. The government hiked the minimum support price (MSP) of six Rabi crops by up to 9 per cent. There may be some buzz in FMCG stocks as private report stated that India is examining whether there is a need to raise palm oil import taxes as part of efforts by the world’s biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices. On the technical front, the key resistance level for Nifty50 is 17,600  and on the downside 17,200 can act as strong support. Key resistance and support levels for Bank Nifty are 40,750 and 39,900 respectively,”~Mohit Nigam, Fund Manager & Head – PMS, Hem Securities

08:59 (IST) 19 Oct 2022 FII and DII data

Foreign institutional investors (FIIs) have net offloaded equities worth Rs 153.40 crore, whereas domestic institutional investors (DIIs) net bought shares worth Rs 2,084.71 crore on Tuesday.

08:52 (IST) 19 Oct 2022 Buy ITC, IndusInd Bank, HDFC Life stocks for short-term gains; chart show market short-term trend positive

The benchmark indices continued the positive momentum as the Nifty ended 178 points higher while the Sensex was up by 549 points. Among Sectors, all the major sectoral indices were traded in the green but PSU Bank index outperformed, rallied nearly 4 per cent. Technically, on the backdrop of strong global cues, our market opened with a gap up and entire day hovered near 50 day SMA (Simple Moving Average) level. We are of the view that the short-term texture of the market is positive and now 50 days SMA or 17525 and 59150 would act as a key resistance zone for the Nifty and Sensex respectively.

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08:47 (IST) 19 Oct 2022 Some consolidation in Nifty likely’ overall trend bullish

“Some bit of cooling off/consolidation can be expected since we are close to call writer hurdle of 17500. However, the bull’s belly is still not full. Potentially we are headed for more upside. Continue with bullish view. Support at 17430, 17330, and resistance at 17500 and 17580”.~Rahul Sharma, Head – Research, JM Financial Services

08:43 (IST) 19 Oct 2022 Nifty, Bank Nifty Futures & Options

Volumes drying up in Nifty and Bank Nifty Futures at higher levels.

Nifty Options: Resistance at 17500| PCR: 1.19

Bank Nifty Options: Resistance at 40500 | PCR: 1.19

FII Bought: IF, SF

FII Sold: Cash IO and SO

~Rahul Sharma, Head – Research, JM Financial Services

08:11 (IST) 19 Oct 2022 Market short-term trend positive

“Short term texture of the market is positive and now 50 days SMA or 17525/59150 would act as a key resistance zone for the nifty/ Sensex. For the trend-following traders, 17525/59150 would be the next breakout level. Above which, the index could move up to 17600-17650/59400-59500. On the flip side, quick intraday correction possible if the index breaches the 17435/58750 support level. Below which, the index could slip till 17350/58500.”~Shrikant Chouhan, Head of Equity Research (retail), Kotak Securities Ltd.

08:09 (IST) 19 Oct 2022 Nifty resistance seen at 17532-17630

“On Tuesday, Nifty rose with another upgap and did not go much below the opening levels. Broad market has started to participate even as companies coming out with results show some volatility. 17532-17630 could be the next resistance band while 17349 could be the support,”~Deepak Jasani, Head of Retail Research, HDFC Securities

08:07 (IST) 19 Oct 2022 Will bulls pull Nifty above 17600 or bears return to Dalal Street? 5 things to know before share market opens

SGX Nifty on Monday hinted at a flat start for Indian equity markets as Nifty futures on the Singapore Exchange traded 4 pts, or 0.02% lower at 17,491. In the previous session, the BSE Sensex rallied 550 points to 58,961, while the NSE Nifty 50 jumped 175 points to settle at 17,487. “Nifty has crossed the hurdle at 17,400 after two weeks of consolidation and we now expect a gradual recovery to the 17,600+ zone. Apart from the global markets, we feel participation of key sectors on a rotational basis would be critical for a sustained up move. Amid all positivity, traders should maintain their focus on overnight risk management,” said Ajit Mishra, VP – Research, Religare Broking.

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07:56 (IST) 19 Oct 2022 Piramal Pharma listing today

Piramal Pharma Ltd, which recently demerged from Piramal Enterprises Ltd (PEL), will list its shares today, according to a notice issued by the BSE.”Trading Members of the exchange are hereby informed that effective from October 19, 2022, the equity shares of Piramal Pharma Limited shall be listed and admitted to dealings on the exchange in the list of T Group of Securities,” the stock exchange said. The shares would be listed at a fully paid face value of Rs 10 each, the notice added

07:50 (IST) 19 Oct 2022 Asian Markets trade higher

Shares in the Asia-Pacific inched higher on Wednesday following a second day of gains in major US indices. The Nikkei 225 in Japan added 0.42 percent and the Topix gained 0.3 percent. South Korea’s Kospi ticked 0.14 percent higher. In Australia, the S&P/ASX 200 rose 0.32. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally higher.

07:49 (IST) 19 Oct 2022 US stocks rally for 2nd straight day

Wall Street stocks closed higher and Treasury yields dipped on Tuesday as upbeat earnings and better-than-expected factory data stoked a risk-on rally. The Dow Jones Industrial Average rose 337.98 points, or 1.12 percent, to 30,523.8, the S&P 500 gained 42.04 points, or 1.14 percent, to 3,719.99 and the Nasdaq Composite added 96.60 points, or 0.9 percent, to 10,772.40.

07:49 (IST) 19 Oct 2022 SGX Nifty hints at a flat start for Nifty

Nifty futures were trading 4 pts, or 0.02% lower on the Singapore Exchange traded at 17,491, signalling that Dalal Street was headed for a flat start.