3:52 PMStock Market Comment: Nifty, Bank Nifty key levels to watchKey levels for Nifty50 indexOn the daily charts, we can observe that the Nifty is heading towards the upper end of the rising channel at around 26,560.
Divergence on the momentum indicator suggests that caution should be maintained on the longs.Until there is evidence of weakness on the pricing front, we shall continue to ride the uptrend with a trailing stop-loss mechanism which should be maintained with 26,000.Key levels for Bank NiftyBank Nifty broke out of the sideways consolidation 53,800 54,300 on the upside.
We expect the momentum to continue towards 55,000.
Support base shifts higher towards 54,000 53,900.Views by:Jatin Gedia Technical Research Analyst at Sharekhan by BNP Paribas3:50 PMStock Market Comment: 'India stock market anticipating strong corporate earnings recovery in H2FY25'China's recent economic stimulus announcement has greatly enhanced investor confidence, resulting in significant positive momentum in global markets, especially within Asian indices.
Moreover, the market is maintaining an optimistic outlook in response to stable US economic data.Concurrently, the Indian market is reaching new highs, anticipating a strong recovery in corporate earnings for the H2FY25, fuelled by expected government expenditure.
Notably, this rally is led by large-cap stocks, which are more fairly valued compared to mid and small caps, which are exhibiting signs of fatigue.Views by:Vinod Nair, Head of Research, Geojit Financial Services.3:48 PMRupee Close Today: Rupee ends weaker vs US dollar today>> Rupee ends st 83.64 per US dollar on Thursday>> Rupee weakens by 4 paise3:44 PMStock Market Close Highlights: Broader market indices settle with lossesStock Market Close LIVE Updates: BSE MidCap and SmallCap indices suffer losses>> BSE MidCap index slips 0.01% and the BSE SmallCap index drops 0.39%3:42 PMStock Market Close Highlights: All sectoral indices clock gains; Auto, Metal indices shineStock Market Close LIVE Updates: All sector indices on NSE gain today>> Nifty Auto, and Metal indices climb 2% each>> Nifty PSU Bank index added 1%3:39 PMStock Market Close Highlights: 26 of 30 Sensex stocks settle with gainsStock Market Close LIVE Updates: 26 of the 30 Sensex stocks ended higher>> Maruti Suzuki, Tata Motors, Bajaj Finserv, M-M, Tata Steel, JSW Steel, Ultratech Cement, and Bajaj Finance were the top SEnsex gainers today, rising up to 4.5%>> L-T, HDFC Bank, NTPC, and Infosys were the only Sensex losers today, down up to 0.9%3:36 PMStock Market Close Highlights: Nifty ends Sept F-O series above 26,200Stock Market Close LIVE Updates: NSE Nifty ends at 26,216.05, up 211.90 points or 0.81%>> NSE Nifty ends September F-O series on a solid note>> NSE Nifty50 touched a record high of26,250.90 during the day today3:34 PMStock Market Close Highlights: Sensex notches another record closeStock Market Close LIVE Updates: BSE Sensex ends at85,836.12, up 666.25 points or 0.78% today, Thursday>> This is fresh record closing high for the BSE Sensex>> BSE Sensex hit a fresh record high of85,930.43 intraday today3:25 PMStock Market LIVE Updates: High natural rubber prices to impact profitability of tyre makers: CRISILCRISIL Market Intelligence and Analytics, Director-Research Pushan Sharma said between fiscals 2011 and 2023, global rubber production grew 35 per cent while demand expanded 40 per cent resulting in a supply crunch thereby resulting in higher prices.
READ MORE3:12 PMStock Market LIVE Updates: Mitsubishi Pencil JV boosts Linc shares by 6%: details for investorsStock Market LIVE Updates: Shares of leading stationery company, Linc, surged 5.81 per cent to the days high of Rs 767.75 during the intra-day deals on the BSE on Thursday.
The northward rally in the stock price was propelled by the companys announcement of the formation of a strategic joint venture with Mitsubishi Pencil Company, Japan, a global leader in the writing instruments industry with an annual turnover exceeding $500 million.
READ MORE3:02 PMStock Market LIVE Updates: 3 PM market update - Sensex, Nifty extend gainsStock Market LIVE Updates: Indian benchmark equity indices BSE Sensex and Nifty 50 extended their gains from the record levels they hit in early trades on Thursday.At 3 PM, the BSE Sensex was up 550.98 points, or 0.65 per cent, at 85,720.85, while the Nifty 50 was at 26,179.85, up 175.70 points, or 0.68 per cent.2:52 PMStock Market LIVE Updates: Auto index hits record as MSIL surges 5%, M-M, Bajaj Auto hit life highsStock Market LIVE Updates:Shares of automobile companies were in demand on Thursday's trading session, with the BSE Auto index hitting a record high of 61,540.
The index gained nearly 2 per cent in intra-day trades to extend its upward movement after the Securities and Exchange Board of India (Sebi) approved Hyundai Motor India's Rs 25,000-crore initial public offering (IPO) on Wednesday.
READ MORE2:38 PMStock Market LIVE Updates: Urban India likely to spend Rs 1.85 trillion during festive sales, Survey findsStock Market LIVE Updates:According to a survey, one in two Indian households surveyed will spend over Rs 10,000 this festive season.
The report by LocalCircles also said that almost 70 per cent of buyers will prefer to shop from shops and markets rather than online.
The survey is based on the responses of 49,000 households from 342 urban districts of India.
Forty-four per cent of respondents were from Tier-I, 34 per cent from Tier-II, and 22 per cent from Tier-III, IV, and V districts.
READ MORE2:30 PMStock Market LIVE Updates: 50 units to be set up for pharma, medical device mfg under PLI schemeStock Market LIVE Updates:As many as 50 new greenfield plants are in the pipeline to come up in the next two years under the Production-linked Incentive (PLI) scheme for pharma and medical devices manufacturing, a senior government official said on Thursday.
READ MORE2:23 PMStock Market LIVE Updates: Indogulf files IPO with Sebi, aims to raise Rs 200 cr via fresh issueStock Market LIVE Updates:Indogulf Cropsciences Ltd, a manufacturer of crop protection products, plant nutrients, and biologicals, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO).
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