Markets at 11 AM:

LIVE markets update: The BSE Sensex so far has registered a new summit at 60,661, and was up 325 points at 60,609. The NSE Nifty was hovering near the day’s high (18,133), up 135 points at 18,127.

Mahindra & Mahindra has surged 4.8 per cent to Rs 932. Titan, Tata Steel and PowerGrid Corporation are the other major Sensex gainers.

The broader markets also continue to trade on a firm note, with the BSE Midcap and Smallcap indices up 1.2 per cent and 0.8 per cent, respectively. The market breadth was fairly positive with 1,902 advancing shares as against 1,209 declining stocks on the BSE.

Sona BLW Precision and Tata Power are the major gainers in the mid-cap space, up over 12 per cent each. Ashok Leyland, BHEL, Jindal Steel, SAIL, Tata Communications and Trent are the other major gainers. NHPC, Supreme Industries and Lodha are some of the notable losers.

In the Small-cap space, Tata Investment Corporation up almost 17 per cent is the top gainer followed by Centrum Capital, Swelect Energy, Tata Chemicals and Borosil Renewables all up over 10 per cent each. On the flip side, Kridhan Infra has slumped 8 per cent. Future Supply Chain Solutions, Sintex and Nazara Technologies are the other prominent losers, down over 5 per cent each.

Maharashtra Seamless has zoomed 50 per cent so far this month. The company on October 8, 2021, had announced an order win worth Rs 237 crore from ONGC for supply of seamless casings pipe. READ MORE


Markets at 10:

LIVE market updates: The markets continue to trade on a firm note, with the BSE Sensex up 304 points at 60,588, and the NSE Nifty up 125 points at 18,117.

The broader markets are also trading on a firm note, with the BSE Midcap and Smallcap indices up 0.8 per cent. Among sectors, the BSE Auto index has surged over 3 per cent followed by around 2 per cent gain in Utilities, Industrials and Power indices. All sectoral indices were positive in early morning trade.

The market breadth was also largely positive with 1,875 advancing shares versus 894 declining stocks on the BSE.

Tata group stocks in focus:

Tata Motors has zoomed 17 per cent to Rs 492.55 on back of Rs 7,500 crore TPG funding. Meanwhile, Tata Motors DVR too has hit the 20 per cent upper limit at Rs 237.30 on the BSE. Few other Tata group stocks like, Tata Power, Tata Chemicals and Tata Invest have also rallied 9-10 per cent each.

Tata Communications, Tata Consumer Products and Tata Elxsi were up 2-3 per cent each. Sensex constituents TCS and Tata Steel were up 0.4 per cent and 0.7 per cent, respectively.

Centrum Capital has soared 17.5 per cent to Rs 46.95 on receiving RBI nod for small finance bank license for its consortium of Centrum group and Resilient Innovations.


(Updated at 09:30 AM)

LIVE market updates: The markets opened on a positive note, with benchmark indices scaling new peaks in opening trades, on the back of better-than-expected CPI September Inflation and August Industrial Output data. The headline inflation dropped to a 8-month low at 4.35 per cent, while the IIP grew at 11.9 per cent.

The BSE Sensex opened with a positive gap of 336 points at 60,620, and was quoted at 60,505 at 09:17 AM. The NSE Nifty touched a high of 18,099 in opening deals, and was up 83 points at 18,075.

Tata Motors zoomed 15 per cent to Rs 483.90 on the BSE after the company secured funding up to Rs 7,500 crore from TPG for its electric vehicle arm. This is the first major fundraising by an Indian carmaker to push mobility. READ MORE

Mahindra & Mahindra was the major gainer among the Sensex 30 stocks, up 1.8 per cent at Rs 906. Tech Mahindra, Asian Paints and Kotak Mahindra Bank were the other prominent gainers.

On the other hand, Tata Steel and Hindustan Unilever were the marginal losers.


(Updated at 09:04 AM)

LIVE market updates: The BSE Sensex soared over a per cent to 60,900-odd levels in the pre-open trades, and was later quoted at 60,622, up 338 points. The NSE Nifty 50 index was up 90 points at 18,083.

Kotak Mahindra Bank, NTPC, PowerGrid Corporation and HDFC Bank were the prominent gainers in the Sensex 30 stocks.


(Updated at 08:10 AM)

LIVE market updates: Stock-specific activity will remain high on D-Street on Wednesday as earnings season gains momentum, with IT stocks set to hog the bulk of the limelight.

Infosys, Wipro and thirteen other firms, including Mintree, Birlasoft and AB Money will also post their numbers today.

Analysts expect a near 20 per cent year-on-year jump in revenue for Infosys in the recently concluded quarter. Revenue guidance is likely to be upped for the third time in a row. READ HERE

As for Wipro, revenue projections range between 25 per cent and 29 per cent on yearly basis. Revenue growth, analysts say, will be driven by the ramp-up of large deals along with contribution from Capco and Ampion acquisitions. READ HERE

That apart, investors may also positively react to CPI print and IIP data that came in slightly better than market expectations. Besides, IMF expects India to grow at 9.5 per cent in 2021 and at 8.5 per cent in 2022.

Global cues

Asian stocks were mixed, with Japan’s Topix index down 0.3 per cent while Australia’s S&P/ASX 200 Index added 0.1 per cent and South Korea’s Kospi rose 1.1 per cent. SGX Nifty, meanwhile, was up 51 points at 18,056 levels at 8:10 AM.

In contrast, Dow Jones declined 0.34 per cent, S&P500 lost 0.24 per cent and Nasdaq Composite shed 0.14 per cent in the overnight session as investors grew more jittery in the run-up to third-quarter earnings

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