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sensex today: Share Market LIVE Updates: Sensex wipes off all losses, trades 400 points higher; Nifty nears 17,300; metal stocks fall the most

Sensex Today Live: Indian shares fell in early trading on Monday, dragged down by metal stocks and in line with Asian peers amid growing fears that aggressive rate hikes by central banks globally would lead to a slowdown and weigh on corporate earnings.

Nifty’s metal and realty sub-indexes were among the top losers, falling more than 1% each.JSW Steel Ltd and Tata Steel Ltd were the worst performers on the Nifty 50, declining 1.7% and 1.2%, respectively.

Among other stocks, Shree Cement Ltd fell 5% after it posted a 67.2% slump in second-quarter profit as fuel costs surged.Cement maker ACC Ltd was 1.5% lower ahead of its quarterly results later in the day.

Meanwhile, the monetary policy committee of India’s central bank may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday.

In broader Asia, equities slipped on Monday following another drubbing for Wall Street as investors brace for a further drastic tightening in global financial conditions.

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Q2 RESULTS | Bank Of Maharashtra

  • Net profit at Rs 535 cr vs Rs 264 cr YoY
  • Interest earned at Rs 3815 cr vs Rs 3207 cr YoY
  • Provisions & contingencies at Rs 579 cr vs Rs 938 cr YoY
  • Provision coverage ratio at 96.06% as of Sept-end
  • Gross NPA 3.4% vs 3.74% QoQ
  • Net NPA 0.68% VS 0.88% QoQ
Q2 RESULTS | Bank Of Maharashtra

Rekha Jhunjhunwala increases stake in Tata Communications

Rekha Jhunjhunwala, wife of veteran investor late Rakesh Jhunjhunwala, has increased stake in Tata Group’s telecommunications service entity, Tata Communications NSE 2.68 %. According to the latest shareholding pattern of the stock for the September ended quarter, Rekha Jhunjhunwala held 45,75,687 equity shares in the concern, equivalent to 1.61% stake. Earlier in the June ended quarter, the ace investor held 30,75,687 equity shares or 1.08% stake, implying that the investor has added 0.53% stake in Tata Communications during the period under review.

Rekha Jhunjhunwala increases stake in Tata Communications

PSU Bank stocks rally up to 4%

Price as on 17 Oct, 2022 01:02 PM, Click on company names for their live prices.

MARKET LIVE UPDATES: Sensex jumps over 400 pts

MARKET LIVE UPDATES: Sensex jumps over 400 pts

Q2 RESULTS: CRAFSTMAN AUTOMATION

  • PAT at Rs 62.5 cr vs Rs 49.9 cr YoY
  • Revenue at Rs 776 cr vs Rs 571 cr YoY
Q2 RESULTS: CRAFSTMAN AUTOMATION

Market LIVE Updates: Metal stocks fall the most. Check out the top losers from the pack

Price as on 17 Oct, 2022 11:40 AM, Click on company names for their live prices.

BLS International rallies 9% after Shankar Sharma picks up stake

Price as on 17 Oct, 2022 11:29 AM, Click on company names for their live prices.

Anupam Rasayan has signed two contracts with a European crop protection company for supplying two new life science related specialty chemicals.

Price as on 17 Oct, 2022 11:19 AM, Click on company names for their live prices.

Market LIVE Updates: Zydus Lifesciences receives tentative approval from the USFDA for Valbenazine capsules

Price as on 17 Oct, 2022 11:07 AM, Click on company names for their live prices.

STOCK IN FOCUS: Ujjivan Financial, Ujjiav SFB

Biocon Biologics on Monday said it has inked an out-licensing agreement with Yoshindo Inc to commercialise its two biosimilar assets in the Japanese market. Under the terms of this deal, Japan-based Yoshindo gets exclusive commercialisation rights in Japan for Ustekinumab and Denosumab — developed and manufactured by Biocon Biologics — for an addressable market opportunity of USD 700 million, Biocon Biologics said in a statement.

Price as on 17 Oct, 2022 10:54 AM, Click on company names for their live prices.

Shares of leading design and technology services provider Tata Elxsi fell as much as 8.63% to Rs 7,735 in Monday’s trade after the company’s net profit declined 5.65% in Q2FY23 over Q1FY23. Profit before tax (PBT) of Tata Elxsi stood at Rs 219.17 crore, registering a fall of 3.9% quarter-on-quarter while the growth of 28.2% year-on-year.

Price as on 17 Oct, 2022 10:52 AM, Click on company names for their live prices.

JSW Steel and Smartex sign MOU to explore low-emission steel production aiming at decarbonisation of the steel sector in India.

Price as on 17 Oct, 2022 10:41 AM, Click on company names for their live prices.

Check out the top Sensex gainers & losers as index jumps 200 points

Check out the top Sensex gainers & losers as index jumps 200 points

Tata Power late on Friday said a cyber attack on its IT infrastructure impacted some of its systems.

Price as on 17 Oct, 2022 10:31 AM, Click on company names for their live prices.

Friday’s push higher fizzled off shortly after entering the 17260-430 band, having stretched beyond 2sd from the 14d SMA. There’s still room for a recovery and push beyond 17430, should 17070/50 region be defended. In the event of inability to do so, we would look for a break below 16850 and pull back in VIX above 20 before downsides are played. Else, expect range trading again.

– Anand James – Chief Market Strategist at Geojit Financial Services.

Market LIVE Updates: Sensex erases all loses, trades over 40 points higher

Market LIVE Updates: Sensex erases all loses, trades over 40 points higher

Electronics Mart India makes a strong debut, lists at 53% premium

Electronics Mart India (EMIL) made a strong debut on Dalal Street as shares of the consumer durable and electronics retailer got listed at Rs 90 apiece on NSE in Monday’s session, a premium of 52.5 per cent over its issue price of Rs 59. The shares listed at a premium of 51.5 per cent at Rs 89.40 as against the given issue price on BSE.

Electronics Mart India makes a strong debut, lists at 53% premium

Earnings Impact | Bajaj Auto reported a bigger-than-expected rise in second-quarter profit on Friday, benefiting from price increases and strong domestic demand for its motorcycles and autorickshaws.

Price as on 17 Oct, 2022 09:56 AM, Click on company names for their live prices.

Voda Idea, Federal Bank, Tata Steel among most active stocks on NSE

Price as on 17 Oct, 2022 09:34 AM, Click on company names for their live prices.

Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

Rallies triggered by market positioning will be temporary because there won’t be any follow-on fundamental support for the rally. This trend played out in the US market last Friday with sharp cuts in major indices. There are no major triggers to take the mother market much higher at least in the near-term. There are no major triggers for a crash also since almost all negative factors are known to the market. Such an uncertain scenario provides opportunities for long-term investors to slowly accumulate high quality stocks showing improving prospects.

After a decent set of Q2 numbers from the leading IT majors, the Q2 numbers for banking also have begun well with very good results from HDFC bank. The improvement in Net Interest Margin and impressive loan growth augur well for this banking blue chip. Even though strong dollar and high bond yields in US may nudge FIIs to sell, strong flows into domestic mutual funds and optimistic retail investors can provide the counter to FII selling providing some stability to the market.

Top Nifty gainers & losers in opening trade

Top Nifty gainers & losers in opening trade

Opening Bell: Sensex slips 165 points, Nifty holds above 17,150; Tata Elxsi tanks 7%, Butterfly Gandhimathi 4%

Opening Bell: Sensex slips 165 points, Nifty holds above 17,150; Tata Elxsi tanks 7%, Butterfly Gandhimathi 4%

Pre-market block deal: 96.6 lakh Tata Steel shares change hands

Pre-market block deal: 96.6 lakh Tata Steel shares change hands

Pre-open session: Sensex slips over 250 points; Nifty below 17,100

RUPEE OPENS UNCHANGED AT 82.3500 PER U.S. DOLLAR

RUPEE OPENS UNCHANGED AT 82.3500 PER U.S. DOLLAR

Sunteck Realty says Q2 FY23 pre-sales at Rs 337 crore, up 24% YoY

  • Q2 FY23 collections at Rs 331 crore, up 60% YoY

Stock in Focus: Biocon

Biocon says unit Biocon Biologics out-licenses two biosimilar assets to Yoshindo for commercialization in Japan

Stock in Focus: Biocon

Asia shares slip, make or break day for UK bonds

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for further drastic tightening in global financial conditions, with all the risks of recession that brings.

SGX Nifty signals a negative start

Nifty futures on the Singapore Exchange traded 132 points, or 0.77 per cent, lower at 17,081, signaling that Dalal Street was headed for a negative start on Monday.

Quarterly earnings today

ACC, Bank Of Maharashtra, PVR, Can Fin Homes, Maharashtra Seamless, Tata Coffee, RPG Life Sciences and Craftsman Automation are among companies that will announce their quarterly earnings today.

Tech View: Nifty forms positive candle on weekly chart

Headline equity index Nifty formed a Bearish candle on daily scale but negated its lower highs formation of the last five sessions. On the weekly charts, the index formed a positive candle with upper and lower shadow, which signals the formation of a high wave type candle pattern.

Tokyo stocks open lower on US falls

Tokyo stocks opened lower Monday with investors disheartened by falls on Wall Street, where participants shrugged off mostly solid bank earnings amid worries over bond yields and rising recession risks.

Wall Street drops as consumer data stokes inflation worry

U.S. stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve’s aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.

Oil bounces higher as U.S. dollar’s strength eases

Oil prices rose in thin trade in early Asian hours on Monday as the U.S. dollar’s strength eased while investors awaited data from China to gauge demand at the world’s top crude oil importer. Brent crude futures rose 85 cents, or 0.9%, to $92.48 a barrel by 0019 GMT, recovering from a 6.4% fall last week. U.S. West Texas Intermediate crude was at $86.34 a barrel, up 73 cents, or 0.9%, after a 7.6% decline last week.

Rupee rises 5 paise to close at 82.19 against US dollar

The rupee reversed intra-day losses and closed 5 paise higher at 82.19 against the US dollar on Friday amid a firm greenback overseas and sliding crude oil prices.

Sensex, Nifty on Friday

The 30-share Sensex ended 685 points higher at 57,920. Its broader peer, Nifty50, ended at 17,186, up 171 points.

Good morning, dear reader! Here’s something to kickstart your trading day

Good morning, dear reader! Here's something to kickstart your trading day

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