Markets at 11 AM:
LIVE market updates: The benchmark indices have turned volatile after registering fresh record highs in early morning deals. The Sensex, which, touched a high of 62,202, tumbled to a low 61,594 – down almost 600 points from the day’s high, only to bounce back in green. The BSE 30-share index was up 234 points at 62,000.
The NSE Nifty was up 48 points at 18,525.
Among sectors, the BSE IT index surged 2 per cent, and the Capital Goods index was up 1.3 per cent. On the flip side, the Realty index slipped 2 per cent, and the Consumer Durables was down 1.5 per cent.
In the broader markets, Indian Energy Exchange (IEX) soared 19 per cent to hit a record high of Rs 956.15 on the BSE in Tuesday’s intra-day trade after the company announced the board will consider a maiden bonus issue proposal in their forthcoming board meeting on Thursday, October 21, 2021.READ MORE
Markets at 10:10 AM:
LIVE market updates: The markets reversed course on the account of aggressive profit-taking at record high levels. The Sensex after registering a fresh life-time high at 62,202, plunged into the negative zone to a low of 61,594. The BSE 30-share index was down 57 points at 61,708.
The NSE Nifty declined 27 points at 18,450, after having touched a new summit at 18,604.
ITC was the major dragger, down 4 per cent at Rs 252. Titan, UltraTech Cement, Tata Steel and PowerGrid Corporation were the other prominent losers among the Sensex 30.
However, Larsen & Toubro, Hindustan Unilever, HCL Technoglogies, Tech Mahindra and Nestle India were trading with notable gains.
Markets at 10 AM:
LIVE market updates: The markets were trading on a firm note in morning trade on Tuesday, with the BSE Sensex up 394 points at 62,159, and the NSE Nifty up 112 points at 18,589.
The broader market was also trading on a firm note, with both the BSE Midcap and Smallcap indices up around 0.8 per cent each. The overall market breadth was also largely positive, with nearly 1,700 advancing shares versus 1,100 declining stocks on the BSE.
Indian Railway Catering and Tourism Corporation (IRCTC) joined the elite club of companies commanding Rs 1-trillion market capitalization (m-cap) on the BSE, after its share price hit a new high of Rs 6,332.25 in the intra-day trade on Tuesday. The shares rallied nearly 8 per cent today and have zoomed 33 per cent in the past five trading days and a whopping 293 per cent in the last six months. READ MORE
L&T Infotech surged 10 per cent to a high of Rs 6,496 on the NSE on the back of 21 per cent YoY growth in Q2FY22 net at Rs 552 crore. Revenue was up 25.6 per cent at Rs 3,767 crore in the same period. READ MORE
Opening Trades: (Updated at 09:25 AM)
LIVE market updates: The benchmark indices started the day on a gung-ho note at fresh record high levels on the back of positive global cues and strong Q2 results from India Inc.
The BSE Sensex opened with a positive gap of 390 points at 62,156, and was now quoted at 62,085, up 320 points in early morning deals. The NSE Nifty touched a high of 18,604 in opening deals, and was up 101 points at 18,578.
Among the Sensex 30 stocks, Larsen & Toubro has surged 3 per cent to Rs 1,840. Tech Mahindra, HCL Technologies and Bharti Airtel have rallied 1.5 per cent each. HDFC Bank. TCS and Bajaj Finserve are the other prominent gainers.
On the other hand, ITC has slipped 2 per cent to Rs 257. UltraTech Cement, Titan and PowerGrid Corporation are the other notable losers.
IRCTC has surged nearly 7 per cent to Rs 6,281. The stock hit a fresh all-time high of Rs 6,332, and the company’s market cap crossed the Rs 1 trillion mark.
Indian Energy Exchange was locked at the 15 per cent upper circuit at Rs 916 on the BSE on plans to issue bonus shares. The company’s board is scheduled to meet on October 21.
TTK Prestige has zoomed over 14 per cent to Rs 10,073. The company’s board is scheuled to meet on October 27 to consider a proposal for sub-division of equity shares.
Elsewhere in Asia, markets traded on a firm note as crude oil prices declined from multi-year highs. Hong Kong’s Hang Seng was trading on a firm note, up 1.4 per cent. Taiwan WEighted index had gained a per cent. Nikkie and KOSPI were up 0.7 per cent each, while China’s Shanghai Composite added 0.5 per cent. Australia’s S&P/ ASX 200 was up 0.2 per cent.
(Updated at 09:02 AM)
LIVE market updates: The BSE Sensex was quoted 394 points higher at 62,160 in pre-open trades on Tuesday. The NSE Nifty 50 was up 72 points at 18,549.
Bharti Airtel, Reliance Industries, Larsen & Toubro and ITC are the prominent gainers, in the pre-pen trading session, while Bajaj Auto and Kotak Bank are the notable losers among the Sensex 30 stocks.
(Updated at 08:15 AM)
LIVE market updates: Indian benchmark indices look set to extend their winning run to the eight-day in a row, with the BSE barometer Sensex eyeing the 62,000-mark, riding on the back of strong earnings momentum and firm global cues. At 8:10 AM, SGX Nifty was at 18,565 levels, up 80 points.
Thirty three companies are slated to post the September quarter numbers today, including Hindustan Unilever, Nestle India, 5paisa Capital, ACC, DCM Shriram, Heidelbergcement India, ICICI Prudential Life Insurance Company, L&T Technology Services and Rallis India.
Japan’s Topix index and Australia’s S&P/ASX 200 Index added 0.2 per cent each. South Korea’s Kospi index rose 0.5 per cent while Hong Kong’s Hang Seng Index gained 0.4 per cent. In the overnight session, the Dow Jones fell 0.1 per cent but the S&P 500 gained 0.34 per cent and the Nasdaq Composite climbed 0.84 per cent as technology shares rallied.