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Share Market News Today Updates, 21 October 2022: Sensex and Nifty extended their winning run for the sixth straight session today. Share Market Updates Today: Indian equity benchmarks on Friday extended their gains for the sixth straight session, led by gains in banking stocks despite weak global cues. Asian shares, tracking Wall Street, fell today while Treasury yields scaled 14-year highs as the prospect of aggressive interest rate hikes from the Federal Reserve and recession risks soured investor sentiment.
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Back home, foreign institutional investors bought a net Rs 1,865 crore ($225.2 million) worth of equities on Thursday, while domestic investors sold net Rs 887 crore worth of shares, as per provisional data available with the National Stock Exchange.
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Oil-to-retail conglomerate Reliance Industries (RIL), India's most valuable company, is expected to report quarterly earnings results later in the day.
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Back home, the benchmark BSE Sensex climbed 104 points or 0.18 per cent to close at 59,307 today, while the broader NSE Nifty moved 12 points or 0.07 per cent higher to settle at 17,576.
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Here are the share market highlights:
Over the short-term, Nifty is likely to move higher towards 17,700, said Rupak De, Senior Technical Analyst at LKP Securities. Support on the lower end is visible at 17,400/17,250, he added.
Good start to Q2FY23 results by banks, IT, and FMCG stocks maintained stability in the market but mid and small caps were heavily impacted, said Vinod Nair, Head of Research at Geojit Financial Services.
The overall market breadth stood weak as 1,445 shares advanced while 1,969 declined on BSE. The market capitalization (m-cap) of BSE-listed companies rose to Rs 274.40 lakh crore.
Six out of the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty Bank and Nifty Financial Services outperformed the NSE platform by rising as much as 1.71 per cent and 0.76 per cent, respectively. On the flipside, Nifty Metal, Nifty Pharma and Nifty Consumer Durables fell 0.92 per cent, 0.84 per cent and 0.57 per cent, each, today.
Mid- and small-cap shares finished on a lower note as Nifty Midcap 100 fell 0.68 per cent and small-cap shed 0.14 per cent.
On the stock-specific front, Axis Bank was the top Nifty gainer as the stock soared 9.46 per cent to close at Rs 904. ICICI Bank, Kotak Mahindra Bank, SBI Life and Hindustan Unilever were also among the gainers. In contrast, Bajaj Finance, Bajaj Finserv, Divi's Lab, Adani Port and UPL were among the top laggards.
Sensex rises 104 points or 0.18 per cent to close at 59,307, Nifty moves 12 points or 0.07 per cent higher to settle at 17,576
Bajaj Finance, Bajaj Finserv, Divi's Lab, Adani Ports and UPL Ltd were among the major laggards on NSE with their shares down as much as 3.14 per cent.
Sensex up 56 points or 0.05 per cent to trade at 59,259, Nifty edges 8 points or 0.05 per cent higher to trade at 17,572; auto, metal stocks drag
Sensex rises 256 points or 0.43 per cent to trade at 59,459, Nifty moves 50 points or 0.28 per cent higher to trade at 17,614; Axis Bank, Kotak Bank, ICICI Bank, HUL, ONGC among top gainers
Sub-index Nifty Bank up 2.22 per cent to trade at 40,988.10.
Shares of Finolex Cables jumped 8.49 per cent to trade at Rs 487.
Shares of Life Insurance Corporation (LIC) fell 1.16 per cent to trade at Rs 594.25. The stock slipped to its 52-week low of Rs 593.65 during intraday deals today.
Shares of Berger Paints fell 4.82 per cent to trade at Rs 588.75.
Shares of Axis Bank surged today to hit their all-time high in early trade. The private lender's stock touched a high of Rs 879.95, gaining 5.77 per cent on BSE. (Read more)
Sensex rises 368 points or 0.62 per cent to trade at 59,571, Nifty moves 96 points or 0.55 per cent higher to trade at 17,660; Axis Bank, Apollo Hospitals, Kotak Bank, ONGC, HUL among top gainers
Shares of PB Fintech fell 4.23 per cent to trade at Rs 384.05. The stock hit its 52-week low of Rs 383.25 during intraday deals.
KPIT Technologies surged 5.83 per cent to trade at Rs 691.
ITC reported a 24.08 per cent rise in consolidated net profit at Rs 4,670.32 crore for September quarter. It reported a 25.35 per cent YoY jump in sales at Rs 18,608 crore. (Read more)
Sensex rises 259 points or 0.44 per cent to trade at 59,462, Nifty moves 72 points or 0.41 per cent higher to trade at 17,635; Axis Bank, Kotak Mahindra Bank, SBI, Titan, Hindustan Unilever among top gainers
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