11 Oct: Market Update

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〽arket 〽⭕⭕D as on 1⃣1⃣➖🔟➖1⃣7⃣ provisional @ 5:22 pm

NSE Nifty (P/E  25.94)       - 32 (9985)  🔽

BSE Sensex  (P/E  23.83)      - 90 (31834)  🔽

BSE midCap (P/E   40.18)     - 131 (15936) 🔼

BSE smallCap (P/E   79.24)   - 182 (16711) ↘

Fii   Cash       - 108 Crs ☹
Dii   Cash      + 234 Crs 😊

BrntCrude   56.61  $/brl & ₹ 3330 🔼

Gold Commex  1293  $/oz & ₹ /10 gm     29781 🔽

Silver  ₹ / Kg. 40248 🔽

10 yr Benchmark 6.79*GS-2027 Yield *6.741% 🔽😶

ForeX 

$/₹          65.14 🔼😊
€/₹          77.04 🔽🙁
£/₹          85.90 🔼😊


Major Headline:

Lakshmi Vilas Bank report weak Q2 earnings

Goa Carbon reports strong Q2 earnings

GM Breweries rallies after post Q2 nos

Indian Indices:

Key benchmark markets logged modest losses in volatile trade led by slide in bank stocks.

S&P BSE Sensex, fell 90.42 points or 0.28% to settle at 31,833.99. The Nifty 50 index fell 32.15 points or 0.32% to settle at 9,984.80.

The Sensex and the Nifty, both declined in afternoon trade after hitting their highest intraday levels in more than two weeks in morning trade.

Following are the stocks/sectors which were in news today:

1. Adani Transmission rose 4.86%, on BSE after the company said that ICRA has assigned [ICRA]A+ rating for the commercial paper programme of Rs 1000 crore of the company.

2. Bharti Airtel gained 5.04%, on BSE after the company announced the partnership with device manufacturers to offer 4G smartphones for the price of a feature phone.

3. Gujarat Borosil surged 5.35%, on BSE after the company opened its new glass melting and production facility for 2mm fully tempered solar glass.

Global Signals:

US stock index futures poised for a lower opening on the Wall Street on Wednesday.

Spanish stocks outperformed a lackluster European market on Wednesday as Catalonia’s leader stopped short of declaring formal independence from Spain, allaying fears over a constitutional crisis in the region and boosting shares in banks.

A broad index of Asian shares touched a decade-high on Wednesday, taking cues from signs of confidence in the U.S. Meanwhile, the euro held onto overnight gains after Catalonia held back on an outright declaration of independence.