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India Stocks Review: Cracker of a start for Samvat 2079

Informist, Monday, Oct 24, 2022

 

By Vaibhavi

 

NEW DELHI – Domestic equity indices started the new Samvat year, 2079, on an upbeat note aided by largely positive cues from global markets and the resilience of India’s economy in the face of a global economic turmoil.  

 

Even as concerns around a slowdown in advanced economies continue to be at play, the strong outperformance of the Indian economy has kept sentiment positive for domestic equities compared with other emerging markets. 

 

Global markets also lent their support in today’s upmove as most benchmark indices across Asia ended on a positive note while those in the US and Europe started off with gains.

 

Share indices opened higher and were steady throughout the brief trading session as investors picked their favourite stocks on the auspicious occasion of Diwali. 

 

The Nifty 50 index at 17730.75 points and the BSE-Sensex at 59831.66, both up 0.9% higher from the previous close.

 

Nifty 50 and Sensex had tested highs of 17777.55 points and 59994.25 points, respectively.

 

Gains in the market were broad-based, led by financials and automobiles.

 

Shares of ICICI Bank rose over 2% following its strong quarterly performance in the September quarter. HDFC Bank, State Bank of India, Housing Development Finance Corp, Bajaj Finserv and Axis Bank also gained 1-2% and supported Nifty 50’s rise above 17700 points. 

 

However, consumer goods bellwether Hindustan Unilever fell prey to profit booking after it reported a 180-basis-point contraction in its operating margins in Jul-Sep.

 

Buying was also strong within the broader market as all small- and mid-cap indices in NSE ended 0.5-0.9% higher. The market breadth also remained positive as over three stocks rose for each one that fell.

 

* Among Nifty 50 stocks, 47 rose and 3 fell

* Among Sensex stocks, 28 rose, 2 fell

* On the BSE, 2,661 stocks rose, 744 fell, and 164 were unchanged

* Nifty PSE: Up 0.9%; Nifty FMCG: Down 0.1%; Nifty Bank: Up 1.3%

BSE                                                  National Stock Exchange
Sensex: 59831.66, up 524.51 pts (0.9%)              Nifty 50: 17730.75, up 154.45 pts (0.9%) 

S&P BSE Sensitive Index                             Nifty 50
Lifetime High: 62245.43 (Oct 19, 2021)           :  Lifetime High: 18604.45 (Oct 19, 2021)
Record Close High: 61765.59 (Oct 18, 2021)       :  Record Close High: 18477.05 (Oct 18, 2021)

2022 1st day close: 59183.22 (Jan 3)             :  2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 61308.91 (Jan 17)             :  2022 Closing High: 18308.10 (Jan 17) 
2022 Closing Low: 51360.42 (Jun 17)              :  2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 61385.48 (Jan 17)          :  2022 High (intraday): 18321.55 (Jan 17)

2022 Low (intraday): 50921.22 (Jun 17)           :  2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14)             :  2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)              :  2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)          :  2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)           :  2021 Low (intraday): 13596.75 (Jan 29)-

2020 Closing High: 47751.33 (Dec 31)             :  2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)              :  2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)          :  2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)           :  2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)          :  2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)           :  2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))          :  2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)            :  2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)          :  2017 High(intraday): 10515.10 (Dec 26)

 

Edited by Arshad Hussain

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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Send comments to [email protected]

 

© Informist Media Pvt. Ltd. 2022. All rights reserved.

Source: Cogencis

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