NIFTY50: 19,512 ▼ 141 (-0.7%)
SENSEX: 65,512 ▼ 483 (-0.7%)
- Benchmark indices plunged as the Israel-Hamas war hurt investor sentiments
- In all, 43 of the NIFTY50 stocks closed in the red
- MCX gold futures climbed over 1% today to a high of ₹57,561 per 10 gram as investors flocks to the safe-haven asset geopolitical tensions
All of the NIFTY sectoral indices ended lower, with PSU Bank (-3.0%) and Media (-2.1%) being the top losers
What's Up
| Top gainers | Today's change |
| Dr Reddy |
5,486 ▲ 61 (+1.1%) |
| HCL Tech | 1,249 ▲ 11 (+0.9%) |
| Tata Consumer |
879 ▲ 4.9 (+0.5%) |
What's Down
| Top losers | Today's change |
| Adani Ports |
788 ▼ 42 (-5.0%) |
| HDFC Life | 614 ▼ 16 (-2.6%) |
| Hero MotoCorp |
2,962 ▼ 76 (-2.5%) |
Market Sentiment
| India VIX | 11.4 ▲ 1.1 (+10.6%) |
| NIFTY MIDCAP 100 | 39,744 ▼ 540 (-1.3%) |
| NIFTY SMALLCAP 100 | 12,609 ▼ 228 (-1.7%) |
| USD-INR |
83.30 ▲ 0.18 (+0.2%) |
Stock Buzz
⭐ Israel-Hamas war impacts domestic markets
The Israel-Hamas war repercussions were felt in the Indian markets today. Shares of Adani Ports closed 5% lower as the conflict could impact operations at the company’s Haifa Port in Israel. Meanwhile, shares of oil marketing companies, including HPCL, BPCL and IOC declined over 2% each, as Brent crude oil prices rose nearly 4% amid fears of supply disruption from the Middle East.
⭐ Kaynes Technology to set up semiconductor facility
Kaynes Technology shares rose 3.3% after the company announced plans to invest ₹2,800 crore to set up a semiconductor manufacturing facility. This new proposed facility will come up in Telangana, adjacent to the existing electronic manufacturing hub. So far in 2023, the company's shares are up over 250%.
⭐ Prestige Estate rises on strong sales
In the first half of FY24, the real estate developer reported sales worth ₹11,007 crore, up 69% YoY. Meanwhile, its collections rose 13% YoY to ₹5,380 crore. The company sold 5,935 units during the same period and launched new projects totaling 16.2 million sq ft. Following the announcement, the company's stock hit a new 52-week high intraday, before losing some gains.
⭐ Jupiter Hospitals reports subdued earnings
Shares of the hospital operator slumped over 7% after the company reported subdued earnings for the June quarter. The company’s net profit declined by 18% YoY to ₹30.4 crore. Meanwhile, its revenue from operations grew by 16% YoY to ₹207.8 crore. Jupiter LifeLine Hospitals shares made its market debut in September 2023.
⭐ Solar Industries scales new high
Shares of the industrial explosive maker hit a new 52-week high today. This rise comes after the company received its biggest-ever order worth ₹1,853 crore from Coal India to supply bulk explosives. This new order will be delivered over a two-year period.
In other news
⭐ Glenmark Life Sciences has declared an interim dividend of ₹22.5 per share. The record date is 17 October 2023.
⭐ TVS Motor rolled out the 1,50,000th unit of BMW Motorrad’s 310cc series of motorcycles. The company’s stock closed 1% higher today.
Powerful buying made simple!
Markets often see sharp price movements triggered by positive news or technical patterns. In such situations, you may want to double down on certain high-conviction trades. However, having limited capital could be an obstacle in leveraging such opportunities. With Margin Trading Facility (MTF) on Upstox, you can increase your trading capacity instantly. Click here to know more about MTF.
Benefits of MTF:
🔹 Get 2X leverage on equity delivery orders
🔹 Borrow up to ₹25,00,000 at a time
🔹 Hold stocks bought via MTF for up to 365 days.
Join the Upstox masterclass and trade like a pro!
RSI for Trading and Investing
Starts: 10th October 2023, 11- 12:30 pm
Seats are filling fast!
Download the Upstox App Today