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The key benchmark indices opened the day's session on positive note as strong
quarterly results and a firm trend across the Asian region buoyed up investors’
sentiment. The market edged higher in early trade on firm Asian equities and
extended gains in morning trade. Markets erased some of the mid-session
gains and slipped in early afternoon session. However, the market regained
strength in mid-afternoon trade, with rally seen across high-beta metal, realty,
consumer durables, cement and auto stocks. The market maintained its buoyant
performance to end the day in green, with the Sensex and Nifty gaining 0.7%
each. BSE mid-cap and small-cap indices closed with gains of 0.8% and 1%,
respectively. Among the front liners, Cipla, Sterlite, Tata Motors, ACC and
Hindalco Ind. gained 2–4%. Among the top losers, Tata Power, HDFC Bank,
ITC, Infosys and Wipro lost 0.3–4%.
Markets Today
The trend deciding level for the day is 20302 / 6112 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 20453 – 20604 / 6158 - 6211 levels. However, if NIFTY
trades below 20302 / 6112 levels for the first half-an-hour of trade then it may
correct up to 20152 – 20000 / 6060 - 6013 levels.
Economic and Political News
September exports up 23.2% to US $18.02 bn; at 2-yr high
September refinery output down 10.2% yoy: Government
SC defers Vodafone hearing to November 15
Corporate News
SC dismisses L&T appeal on NTPC tender
Trial in Satyam scam to begin from November 2
Elecon decides to acquire UK's Benzler Radicon Group
Adani Power seeks merger of APML shareholding entity
Source: Economic Times, Business Standard, Business Line, Financial Express, Mint
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