Stock Market Live Updates: Asian markets tread cautiously amid middle east violence and oil surge

Share Market Updates: Buzzing Stocks: Stocks that will see action today: October 16, 2023

HDFC Bank, Federal Bank, Jio Financial, Cyient DLM, Seat, Tata Motors, TCS, ITC, Delta Corp, Skipper, Adani Enterprises, Bajaj Electrical, Union Bank, RBL Bank, Bajaj Finance, NBCC, NHPC, Ramco Industries, Tinplate, SAIL, Ashok Leyland, Zee Entertainment, ICICI Securities, Tinplate, Eros International

Stock Market Live Updates: Economic Calendar – 16.10.2023

12:00 INDIA WPI Inflation y/y (Previous: -0.52%)

Share Market Updates: Major U.S. listed stocks result calendar 16.10.2023

The Charles Schwab Corporation (Pre market) (Sector- Financial)

Equity Lifestyle Properties, Inc. (Post market) (Sector- Realty)

Stock Analysis: Phoenix Mills, Vodafone Idea, NMDC: Three stocks that outperformed in the week ending October 13

During the week ending October 13, bellweather indices S&P BSE Sensex and Nifty 50 gained 0.86 per cent and 1.25 per cent respectively. Gainers in the sectoral indices have been BSE Realty (4.1 per cent) BSE Auto (2.9 per cent) and BSE FMCG (1.8 per cent).

BSE Teck (0.9 per cent) and BSE IT (1.3 per cent) have been major losers during the last week . Among the BSE 500 stocks, the top gainers with fundamental news driving the shares were Phoenix Mills, Vodafone Idea, NMDC .

Share Market Live Updates: Results Calendar

Artson Engineering, Bank of Maharashtra, CEAT, Choice International, Cyient DLM, DMR Hydroengineering Infrastructures, Federal Bank, HDFC Bank, ICICI Securities, Indbank Merchant Banking Services, Ind Bank Housing,Jai Balaji Industries, Jio Financial Services, Martin Burn,NELCO, Nath Bio-Genes, Oriental Hotels, PNGS Gargi Fashion Jewellery, Selan Exploration Technology, Tinplate Company of India, Transoceanic Properties, Unistar Multi Media and Yatra Online.

Stock Recommendations: United Breweries: Why it’s time to sell the stock

Investors may contemplate selling shares of United Breweries Ltd (UBL), a major player in the beer industry and part of the global giant HEINEKEN Company, due to unsustainable premium valuations and ambitious consensus earnings expectations. Read more

Commodities Market Live Updates: Bullion Cues: Silver breaches barrier

The precious metals’ price surged last week and produced the best weekly performance since the third week of March this year. In terms of dollars, gold and silver appreciated over 5 per cent each and ended at $1,932.8 and $22.7 per ounce, respectively.

Similarly, on the MCX, gold and silver futures rallied 4.5 per cent each and closed the week at ₹59,408 (per 10 gram) and ₹71,287 (per kg) respectively. Read more

Commodities Market Live Updates: Crude oil: Upside risk looms

Crude oil prices soared last week, especially on Friday, on the back of geopolitical tensions. Brent crude oil futures on the Intercontinental Exchange (ICE) climbed 7.4 per cent to close at $90.9 per barrel. Crude oil futures on the MCX, too, saw a sharp rally of 5.7 per cent to wrap up the week at ₹7,162. Read more

Share Market Live Updates: What is the outlook for Petronet LNG, NRB Bearings, CreditAccess Grameen?

We zoom in on the prospects of Petronet LNG, as also the prospects of two other stocks — NRB Bearings and CreditAccess Grameen

Stock Market Live Updates: Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of ICICI Prudential Life, Siemens and Sobha

Currency Market Live Updates: Technicals: Currency Outlook: Dollar index can see a fresh rise

It was a volatile week for the currency market. The dollar index and the Treasury yields fell in the first half and then managed to recover later after the inflation data release. The dollar index has risen back well from its low of 105.54 to close the week at 106.65.

The US Consumer Price Index (CPI) inflation numbers came in higher than the market expectation. The US Headline CPI rose 3.7 per cent (year-on-year) in September as against the market expectation for an increase of 3.6 per cent. The Core CPI came inline with the market expectation at 4.1 per cent. Read more

Stock Fundamentals: Titan, Kalyan Jewellers, Thangamayil Jewellery, Senco and Tribhovandas Bhimji Zaveri: Why the stocks are shining

The primary reason is the fall in gold price. Gold, in terms of dollars, has depreciated 7 per cent from the high made in May to the current level of $1,933 per ounce

Stock Market Live Updates: Technicals: Index Outlook: Nifty 50, Sensex: Upmove can gain momentum

Nifty 50 and Sensex moved up last week in line with our expectation. This keeps our overall bullish bias intact. It also leaves the door open for the indices to move further up in the coming weeks. Nifty Bank, on the other hand, is struggling to rise. Although it looks vulnerable to dip in the near term, supports are there to limit the downside. We expect the Nifty Bank index also to catch up with the Nifty and Sensex, and see a fresh rise in the coming weeks. Read more

Commodities Market Updates: Govt gives final warning to sugar sector stakeholders to disclose stocks by Oct 17

The Government has given a final call to all legal entities engaged in sugar trade to declare their stocks on a Food Ministry website by October 17, and warned that strict action will be taken against those for violation.

On September 23, the Food Ministry had issued an order directing all sugar stakeholders —wholesalers, retailers, big chain retailers and processors — to weekly update their stock position on its website.

Stock Market Live Updates: Asian markets tread cautiously amid middle east violence and oil surge

On Monday, Asian markets opened with caution due to the recent decline in Wall Street and the surge in oil prices on Friday, all amid the backdrop of increasing violence in the Middle East.

At the opening, Japanese stocks were notably down, as the benchmark Nikkei 225 index dipped by 1.85%, equivalent to 610.81 points, trading at 31,705.50 by 6:50 a.m. IST. Simultaneously, the broader Topix index experienced a 1.44% decline, shedding 32.44 points and reaching 2,276.49. Australia’s S&P/ASX 200 index also saw a slight drop of 0.18%, or 12.80 points, closing at 7,038.20. The South Korean KOSPI index decreased by 0.56%, with a loss of 15.40 points, landing at 2,440.75.

Meanwhile, crude oil prices hovered above $90 per barrel, as investors anxiously monitored the potential spread of the conflict in Gaza beyond Israel and Hamas. Brent crude futures hit a recent high of $91.20 on Monday before easing slightly to $90.84, following Friday’s notable 5.7% surge.

Furthermore, Israel’s shekel experienced a significant drop, reaching a nearly eight-year low, in response to Prime Minister Benjamin Netanyahu’s vow to retaliate against the October 7 rampage that resulted in the tragic death of 1,300 people, marking the worst attack on civilians in Israel’s history.