Oil prices inched higher, with domestic investors wary that a surge in global crude prices will heat up inflation in the world’s third-largest oil importing country.
Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound. [MKTS/GLOB]
The Nifty metals index rose 2.6%, while the bank index surged 2.7%.
IndusInd Bank shares rose 5.7% after it said second-quarter net advances rose 18% year on year.
Shares of Mahindra and Mahindra Financial Services surged 10% after the company reported strong disbursement for September and improved collection efficiency.
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Board of Directors of Easy Trip Planners to meet on Monday, October 10, 2022, to consider issue of bonus shares, split of shares; stock surges 6%
Price as on 04 Oct, 2022 10:14 AM, Click on company names for their live prices.
The Rs 500-crore initial public offering (IPO) of Electronics Mart India (EMIL) kicked off for subscription on Tuesday, October 4. The company is selling its shares in the range of Rs 56-59 apiece. Incorporated in 1980, Electronics Mart India is the fourth-largest consumer durable and electronics retailer in India with a leadership position in South India, particularly in the states of Telangana and Andhra Pradesh.
Market Live Updates: Metal pack rallies the most among sectoral peers. Check out the top gainers from metal and mining stocks
Price as on 04 Oct, 2022 10:00 AM, Click on company names for their live prices.
Top gainers on NSE in opening deals
Price as on 04 Oct, 2022 09:35 AM, Click on company names for their live prices.
Market Live Updates: Sensex extends gains, rallies over 1000 points
In the last eight out of ten years Sensex has given positive returns in October. Also, markets have a record of troughing out in October. This may happen this October too. The ‘risk-off, risk-on’ texture of the market is in response to fast changing economic and market signals. For the near-term the market sentiments have turned positive with declining trend in dollar and US bond yields. If this trend continues FIIs will again turn big buyers in India and they will not get stocks cheap. Financials and autos are again set to lead the uptrend since their fundamentals and prospects are strong. Capital goods are likely to join the rally and telecom is on strong wicket.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
SEA OF GREEN… all indices gain in opening trade
OPENING BELL: Sensex surges 800 points, Nifty above 17,150; Adani Green rallies 6%, Hindalco 5%
Pre-open session: Sensex surges over 500 points; Nifty above 17,100
Britain’s tax backdown bounces stocks and sterling
Asian stocks bounced on Tuesday after Britain scrapped bits of a controversial tax cut plan, tentatively improving global market sentiment and rallying bonds and the pound.
Market Live Updates: SGX Nifty signals a gap-up start
Nifty futures on the Singapore Exchange traded 237.5 points, or 1.41 per cent, higher at 17,106, signaling that Dalal Street was headed for a gap-up start on Tuesday.
Tech View: Nifty stuck in a range! What investors should do?
After Friday’s pullback rally, headline index Nifty formed a bearish Harami candle on the daily charts as it closed below its 200-day moving average (DMA), which is broadly negative.
Tokyo shares open up after US gains
Tokyo stocks opened higher Tuesday after Wall Street shares rebounded, but a North Korean missile test shortly before the opening bell provided a reminder to investors of geopolitical risks. The benchmark Nikkei 225 index was up 1.82 percent, or 477.51 points, to 26,693.30 in early trade, while the broader Topix index added 2.01 percent, or 37.17 points, to 1,884.75.
Market Live Updates: Wall Street closes with sharp gains as final quarter begins
Wall Street’s three major indexes rallied to close over 2% on Monday as U.S. Treasury yields tumbled on weaker-than-expected manufacturing data, increasing the appeal of stocks at the start of the year’s final quarter.
Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts
Oil prices inched higher in early Asian trade on Tuesday, on expectations that OPEC+ may agree to a large cut in crude output when it meets on Wednesday but concerns about the global economy capped gains.
Rupee declines by 42 paise to 81.82 against dollar
The rupee fell by 42 paise to close at 81.82 against the US dollar on Monday, snapping its two-session gaining streak as heavy selling in domestic equities and a spike in crude oil prices weighed on the local unit.
Market Live Updates: Sensex, Nifty on Monday
The 30-share Sensex plunged 638.11 points to end at 56,788. Its broader peer, Nifty50, ended at 16,887, down 207 points.