Sensex rose 96 points to 59202

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Mumbai: On the global front, after the historic decline in the value of the currencies of many countries, including the Indian rupee, today, the rupee found a new historic low of 83.29. The foreign portfolio recovered to 82.76 after the intervention of the Reserve Bank of India. The market gave an index-based U-turn as investors (FPIs) stopped selling and valuing. Earlier, the Sensex fell 315.91 points to a low of 58,791.28 at one point on profit-booking in banking-finance, consumer durables stocks along with selling in other frontline stocks on jitters behind global markets. At the top of the decline, the fund's holdings in IT-Software Services, Technology and Pharma, FMCG, Oil-Gas heavyweight stocks absorbed the losses and reached 59273.85 and finally rose 95.71 points to close at 59202.90. While the Nifty spot initially fell to a low of 17421 and then went back up to 17584.15 and finally increased by 51.70 points to close at 17563.95.

IT index rises 340 points: Mastech, HCL Techno, Tech Mahindra, TCS rise

The BSE IT index rose by 339.68 points to close at 28631.14 as oversold positions of funds in IT-software services, technology stocks were covered today and valuation of funds came out. TCS increased by Rs.34.10 to Rs.3154.85, Tech Mahindra increased by Rs.21.80 to Rs.1041, Mastec increased by Rs.62.30 to Rs.1698, HCL Technology increased by Rs.22.05 to Rs.1017.45, Tanla Platform increased by Rs.24.50 to Rs.817.50, Imudra increased by Rs.11.45 to Rs.332.85, Persistent increased by Rs.41.05 to Rs.3704.90.

Adani Total Gas jumps by Rs.134 to Rs.3294: Interest in BPCL, HPCL, GAIL

Funds in oil-gas stocks were reduced as the international prices of crude oil stopped increasing and the erosion of the rupee also stopped. Adani Total Gas increased by Rs.133.75 to Rs.3294, GAIL increased by Rs.2.70 to Rs.87.45, BPCL increased by Rs.5.10 to Rs.297.30, ONGC increased by Rs.2.15 to Rs.129. 85, HPCL rose by Rs.3.05 to Rs.205.45. The BSE Oil-Gas Index rose 309.56 points to 18651.65.

Profit booking in banking stocks: Axis Bank shares fall despite 70 per cent rise in profit

Banking-finance stocks witnessed a profitable sell-off by funds today. Axis Bank posted a 70 percent rise in its quarterly net profit to Rs 5,330 crore, but shares fell by Rs 4.25 to Rs 825.40. AU Small Finance fell by Rs.34.20 to Rs.592.25, shares of IndusInd Bank fell by Rs.57.35 to Rs.1161 despite good results, HDFC Bank fell by Rs.9.65 to Rs.1449.20. While State Bank of India increased by Rs.2.20 to Rs.555.40, Bank of Baroda increased by Rs.3 to Rs.140.80. The BSE Bankex index fell by 271.77 points to 45900.80. Bajaj Finance's share rose by Rs 50.85 to Rs 7,429.25 as its quarterly net profit rose 88 percent to Rs 2,781 crore. Bajaj Holding fell by Rs.255.45 to Rs.6472.90, Crisil fell by Rs.92.15 to Rs.2959.

Stocks bought today on 21st October cannot be sold on 24th: Two day settlement will be done simultaneously on 27th

The settlement of the trading session of two days of Diwali Muhurta trading session of October 21 and October 24 will be done simultaneously on October 27. So the shares bought in trading on 21st October 2022 cannot be sold on 24th October 2022. Settlement of both 21st and 24th October will be done simultaneously on 27th October 2022. The Muhurta trading session of Diwali, October 24 will be held from 6:15 pm to 7:15 pm. Trading will continue as usual in the stock markets of October 25. While the stock markets will be closed on the occasion of the New Year on 26 October 2022.

FII/FPI's net buying of Rs.1864 crore : DII's net selling of Rs.886 crore

Foreign Portfolio Investors-FPIs, Foreign Institutional Investors-FIIs made a net purchase of Rs.1864 crore worth of shares in cash segment today-Thursday. A total of Rs.7299 crore was sold against a total purchase of Rs.9164 crore. While DII-domestic institutional investors made a net sale of Rs.886 crore in the cash segment today. A total of Rs.4989 crore was sold against a total purchase of Rs.4102 crore.

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