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Market Live: Indices recover after trading off high points; ICICI Bank extends gains to 6%

29 Oct 2018 : 01:15 Comments: 0 Views: 
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Divis Labs soars 12% Shares of Divis Labs are surging in trade today morning. The stock is up around 12 percent.

Market Update Equities are off their opening highs. The Nifty is still above 10,050, while the Sensex is up over 100 points.

The Sensex is up 117.52 points or 0.35% at 33466.83, while the Nifty is up 34.10 points or 0.34% at 10064.10. The market breadth is narrow as 811 shares advanced, against a decline of 496 shares, while 2,308 shares were unchanged.

Market opens It is a good start to the week for the market, with the Nifty surpassing 10,050 in the opening trade. The Sensex opened over 150 points higher.

Buying is visible across all sectors, with pharmaceuticals, banks, automobiles and metals trading in the green. The midcap index is up around half a percent.

The Sensex is up 170.33 points or 0.51% at 33519.64, and the Nifty up 40.20 points or 0.40% at 10070.20. The market breadth is positive as 419 shares advanced, against a decline of 107 shares, while 3,089 shares are unchanged.

ICICI Bank, Yes Bank, and Indiabulls Housing have gained the most, while Kotak Mahindra Bank and IndusInd Bank are the top losers.

Rupee Opens: The Indian rupee opened higher by 17 paise at 73.29 per dollar on Monday versus Friday's close 73.46.

Market at pre-open: Benchmark indices are trading higher in the pre-opening trade with Nifty trading around 10,050 level.

At 09:02 hrs IST, the Sensex is up 285.02 points or 0.85% at 33634.33, while Nifty is up 17.80 points or 0.18% at 10047.80.

ICICI Bank gained 7 percent in the pre-opening trade.

Cipla gets approval: Cipla receives final approval for generic version of Aralez Pharmaceuticals, Inc.’s Toprol XL (Metoprolol Succinate) ER Tablets 50mg, 100mg, 200mg.

Crude prices stable: Oil prices were stable on Monday, supported by a bounce in Asian stocks, but analysts said sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing, reported Reuters.

Asian shares bounce: Asian shares bounced from last week’s steep declines on Monday, though sentiment remained fragile amid heightened worries about corporate earnings and a slowdown in global economic growth, reported Reuters.

Dollar hovers near 10-week peak: The dollar held firm against a basket of its key rivals on Monday, not far off a 10-week peak hit after data showed US economic growth slowed less than expected and as global risk sentiment remained fragile, reported Reuters.

US market ends lower on Friday: The S&P 500 ended at its lowest level since early May on Friday and flirted with correction territory after technology and internet shares sold off further, capping another volatile week for US stocks.

During the session, the benchmark S&P 500 fell more than 10 percent from its Sept. 20 record closing high, but pared losses to end above that level. A finish of 10 percent or more below its all-time closing high would confirm a correction, reported Reuters

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