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Nifty ends below 17,700, Sensex falls 677 pts; IT drags, PSU banks gain:
Benchmark indices ended on weak note for the third consecutive session on October 29 with Nifty closing below 17,700 level.
Share Market Closing Note
At close, the Sensex was down 677.77 points or 1.13% at 59,306.93, and the Nifty was down 185.60 points or 1.04% at 17,671.70. About 1326 shares have advanced, 1836 shares declined, and 157 shares are unchanged.
Tech Mahindra, NTPC, Kotak Mahindra Bank, IndusInd Bank and L&T were among the major Nifty losers. Gainers included UltraTech Cement, Maruti Suzuki, Cipla, Dr Reddys Laboratories and Shree Cements.
Among sectors, bank, IT energy, power and oil & gas indices ended in the red, while buying was seen in the realty, pharma, metal and auto names. The BSE midcap and smallcap indices ended with marginal change.
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Topic :- Time:3.00 PM
Nifty spot if manages to close above 17680 level then expect some quick bounce back in the market in coming sessions and if it closes below above mentioned level then some sluggish movement is likely to follow. Avoid open positions for Monday.
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Topic :- Time:2.30 PM
CRUDEOIL Trading View:
CRUDEOIL is trading at 6219.If it breaks and trade below 6200 level then expect some decline in it and it it manages to trade and sustain above 6235 level then some upmove can be seen in CRUDEOIL.
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Topic :- Time:1.10 PM
Railways withdraws decision on IRCTC convenience fee, stock recovers:
IRCTC on Thursday said it has been asked to share 50% of its revenue earned as convenience fee from bookings on its website
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Topic :- Time:1.00 PM
Nifty is still trading in a very small range. Nifty spot if manages to trade and sustain above 17840 level then expect some upmove in it and if it breaks and trade below 17800 level then some decline can be seen. As nifty is range bound avoid big trades and trades and trade with proper levels
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Topic :- Time:12.45 PM
Just In:
PM Narendra Modi arrives in Italy for G20 Summit.
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Topic :- Time:12.30 PM
COPPER Trading View:
COPPER is trading at 746.If it breaks and trade below 744 level then expect some decline in it and if it manages to trade and sustain above 747.20 level then some upmove can be seen in it.
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Topic :- Time:12.00 PM
Nifty spot is trading at 17806.If it manages to trade and sustain above 17820 level then expect some upmove in the market and if it breaks and trade below 17780 level then some decline can follow in the Nifty.
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Topic :- Time:11.30 AM
News Wrap Up:
1. Sensex, Nifty volatile; Nykaa IPO subscribed nearly 2x so far
2. CarTrade slips 7%, stock at new low on second straight quarterly loss
3. Railway ministry asks IRCTC to share 50% of revenue from convenience fee
4. IndiGo Q2 results: Loss widens 20% to Rs 1,435 cr on rising crude oil
5. Fuel prices raised for 3rd straight day, petrol touches Rs 108.64 in Delhi
6. Reliance Jio pays Rs 10,792-crore spectrum dues to DoT
7. RBL Bank tanks 15% on disappointing Q2 nos, stock down 37% from 52-wk high
8. Sebis investor charter to be notified next month, wont be legally binding
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Also Read:- What is the key purpose to invest in the stocks?
Topic :- Time:11.00 AM
After negative opening nifty is now trading flat. Nifty spot if manages to trade and sustain above 17880 level then expect some further upmove and if it breaks and trade below 17840 level then some decline can see in it.
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Topic :- Nifty Opening Note
Indian Stock Market Trading View For 29 Oct,2021:
Yesterday there was huge sell off in the market, changing sentiments from positive to negative. Avoid following rumours and trade as per market trend.
Nifty spot if manages to trade and sustain above 17880 level then expect some quick recovery in the market and if it breaks and trade below 17800 level then some decline can follow in the Nifty.
Please note this is just opening view and should not be considered as the view for the whole day.
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