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Share Market News Today Live: Bulls back in charge as Sensex surges 1,277 points, Nifty tops 17,250; IndusInd Bank, Adani Ports top gainers

Business Today Desk Oct 04, 2022, Updated Oct 04, 2022, 4:08 PM IST

Stock Market News Today Live Updates: Sensex and Nifty rebounded sharply, tracking positive global markets. IndusInd Bank, Adani Ports, Bajaj Finance, Coal India and TCS were among the top gainers on the NSE platform today with their shares up as much as 5.25 per cent.

Share Market News Today Updates, 4 October 2022: Sensex and Nifty rebounded more than 2 per cent, respectively, today. Share Market News Today Updates, 4 October 2022: Sensex and Nifty rebounded more than 2 per cent, respectively, today.

Indian equity benchmarks on Tuesday rebounded sharply as bulls appeared to be back in charge, tracking positive global markets. IndusInd Bank, Adani Ports, Bajaj Finance, Coal India and TCS were among the top gainers on the NSE platform today with their shares up as much as 5.25 per cent. PowerGrid and Dr Reddy's were among the top losers.

 

Asian shares surged to its highest in nearly two weeks, after Wall Street closed sharply higher overnight. Japan's Nikkei index surged 2.96 per cent and South Korea's KOSPI climbed 2.50 per cent.

 

Wall Street's three major indexes rallied more than 2 per cent as US Treasury yields tumbled.

 

Back home, the benchmark BSE Sensex surged 1,277 points or 2.25 per cent to settle at 58,065, while the broader Nifty moved 387 points or 2.29 per cent higher to close at 17,274.

 

Here are the share market Live Updates:

4:08 PM (1 month ago)

Technical View

Posted by :- prashun talukdar

The Nifty index has placed itself above 200-DMA (day moving average), which is a bullish setup, said Rupak De, Senior Technical Analyst at LKP Securities. "The short-term trend looks positive. A decisive move above 17,300 may induce a strong rally in the market. On the lower end, support is placed at 17,090; resistance on the higher end is visible at 17,600/17,725," he added.

4:02 PM (1 month ago)

IndusInd Bank shares approach 52-week high on strong Q2 update

Posted by :- prashun talukdar

Shares of IndusInd Bank were the top gainers on Sensex and Nifty today after the private lender reported a strong loan and deposit growth for the September quarter. IndusInd Bank stock gained 5.38 per cent intraday to Rs 1218.3 against the previous close of Rs 1156.10 on BSE. (Read more)

3:56 PM (1 month ago)

Expert View

Posted by :- prashun talukdar

Ahead of the festive season, the street is optimistic on retail demand across segments and financial stocks lead from the front today, said S Ranganathan, Head of Research at LKP securities. "Participation of the IT sector lent ammunition to the bulls as all sectoral indices ended in the green as we near the end of the Navratri festival," he added.

3:48 PM (1 month ago)

Share market breadth

Posted by :- prashun talukdar

The overall market breadth stood strong as 2,579 shares advanced while 858 declined on BSE. The market capitalization (m-cap) of BSE-listed companies rose to Rs 273.84 lakh crore as investor wealth surged around Rs 5.56 lakh crore.

3:45 PM (1 month ago)

Sectoral indices

Posted by :- prashun talukdar

All the 15 sector gauges -- compiled by the National Stock Exchange -- settled in the green. Sub-indexes Nifty Bank, Nifty Financial Services, Nifty IT and Nifty Metal outperformed the NSE platform by rising as much as 2.84 per cent, 2.73 per cent, 2.87 per cent and 3.13 per cent, respectively.

3:44 PM (1 month ago)

Mid & small-cap stocks

Posted by :- prashun talukdar

Mid- and small-cap shares finished on a higher note as Nifty Midcap 100 gained 2.66 per cent and small-cap surged 1.76 per cent.

3:43 PM (1 month ago)

Top gainers & losers on NSE

Posted by :- prashun talukdar

On the stock-specific front, IndusInd Bank was the top Nifty gainer as the stock soared 5.25 per cent to close at Rs 1,217. Adani Ports, Bajaj Finance, Coal India and TCS were also among the gainers. In contrast, PowerGrid and Dr Reddy's were among the top losers.

3:35 PM (1 month ago)

Share market closing: Sensex and Nifty rebound over 2%

Posted by :- prashun talukdar

Sensex surges 1,277 points or 2.25 per cent to settle at 58,065, Nifty moves 387 points or 2.29 per cent higher to close at 17,274

2:59 PM (1 month ago)

Up to 5,800% return in 5 years! B&K Securities bullish on 5 stocks from multibagger theme

Posted by :- prashun talukdar

B&K Securities is bullish on select stocks from the chemical space, which has already produced over 50 wealth creators in the past five years. The brokerage has a 'Buy' call on players such as SRF, BASF India, Gujarat Fluorochemicals, Aarti Industries and Atul Ltd. Historical data showed that Jyoti Resins & Adhesives emerged as the top gainer in the sector with a gain of over 5,800 per cent since October 2017. (Read more)

2:45 PM (1 month ago)

Flipkart founders-backed Tracxn Tech IPO opens on October 10, check price band here

Posted by :- prashun talukdar

Bengaluru-based private market intelligence platform Tracxn Technologies has fixed the price band at Rs 75-Rs 80 per equity share for its forthcoming public offer. The initial public offering (IPO) will open for subscription from October 10, 2022 to October 12, 2022. Investors can bid for a minimum of 185 equity shares and in multiples of 185 equity shares thereafter. (Read more)

1:43 PM (1 month ago)

Electronics Mart IPO subscribed 37% on Day 1 so far. Here's what analysts said

Posted by :- prashun talukdar

Electronics Mart India's Rs 500-crore initial public offer (IPO) received a strong demand on Tuesday, especially from retail investors, with bids touching 35 per cent of the issue size within the first two hours of Day 1 bidding process. The issue received bids for 2,20,26,626 shares against the total issue size of 6,25,00,000 shares, NSE data on consolidated bids showed. (Read more)

1:34 PM (1 month ago)

Share market update: Investor wealth surges

Posted by :- prashun talukdar

Investor wealth as suggested by the BSE market capitalisation, jumped Rs 4.6 lakh crore to Rs 272.85 lakh crore from Rs 268.26 lakh crore. (Read more)

1:22 PM (1 month ago)

Mahindra Finance shares zoom over 11% on strong asset growth

Posted by :- prashun talukdar

Shares of Mahindra and Mahindra Financial Services on Tuesday surged more than 11 per cent after the company said its business momentum continued last month with disbursement of around Rs 4,080 crore, delivering a 110 per cent year-on-year (YoY) growth. (Read more)

12:01 PM (1 month ago)

Bajaj Finance up over 3%

Posted by :- prashun talukdar

Shares of Bajaj Finance rose 3.15 per cent to trade at Rs 7,398.

11:31 AM (1 month ago)

Eicher Motors up over 2.5%

Posted by :- prashun talukdar

Shares of Eicher Motors rose 2.79 per cent to trade at Rs 3,560.05.

11:15 AM (1 month ago)

Coal India shares up over 3%

Posted by :- prashun talukdar

Shares of Coal India jumped 3.02 per cent to trade at Rs 221.45.

11:12 AM (1 month ago)

Electronics Mart IPO: Should you subscribe to the issue?

Posted by :- prashun talukdar

The Rs 500-crore initial public offer (IPO) by Electronics Mart India opened for subscription on Tuesday. The Hyderabad-based consumer durables retailer is offering shares in the Rs 56-Rs 59 price band. (Read more)

11:03 AM (1 month ago)

Hero MotoCorp up nearly 3%

Posted by :- prashun talukdar

Shares of Hero MotoCorp rose 2.93 per cent to trade at Rs 2,599.65.

11:00 AM (1 month ago)

Share market breadth

Posted by :- prashun talukdar

The overall market breadth stood positive as 2,516 shares were seen advancing while 655 were declining on BSE.

10:58 AM (1 month ago)

Adani Enterprises up over 3%

Posted by :- prashun talukdar

Shares of Adani Enterprises rebounded 3.19 per cent to trade at Rs 3,258.