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Home Stock Market Market live: market fluctuations on expiry day, Nifty again slipped below 11700

Market live: market fluctuations on expiry day, Nifty again slipped below 11700

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On the day of expiry, the market is witnessing sharp fluctuations. The Nifty has again slipped below 11700.

02:10 PM

The rupee has lost 23 points against the dollar to close at 74.11 against 73.88.




02:05 PM

The tug-of-war between Bulls and Bears continues in the market on expiry day. The Nifty is showing below 11 thousand 700. Bank Nifty also slipped about 300 points. HDFC Bank, L&T, HUL and Axis Bank are putting pressure; Hesh Dow futures are showing strength of more than 100 points.

01:20 PM

Another news from CNBC AWAAZ is stamped. According to sources, the cabinet has decided to increase ethanol prices by 3 rupees 34 paise per liter. Due to this news, shares of ethanol and sugar companies have run. Cabinet and CCEA meeting is over. According to information received from sources, CCEA i.e. CabinetCommittee on Economic Affairs has approved the proposal to increase ethanol prices. Let the government decide the price at which oil marketing companies buy ethanol from Chinese companies.

01:15 PM

Pidilite is seeing an increase of about 5 percent. The company will buy Indian business of Huntsman Corp for Rs 2100 crore.

01:10 PM

On the day of expiry, the market is witnessing sharp fluctuations. The Nifty has again slipped below 11700. Nifty Bank is seeing a decline of 150 points. The Nifty is under pressure from HDFC Bank and L&T.

12:45 PM

Sleeping sleep

Gold is trading in a small range after yesterday’s fall. Gold has slipped below $ 1,900 on Comex. Gold has been under pressure due to strong dollar. Relief packages are not expected in the US yet. Germany and France are again getting support from the lockdown. There is also support from uncertainty about the US election.

Also Read:Market live: Market moves flat, Kotak Bank gains, FMCG share in focus

12:40 PM

Silver shine faded

After falling 3.5 per cent yesterday, it is doing sluggish business today. Silver is at a 1-month low on Comex. The silver price on MCX is around Rs 60,000. Silver has weakened due to strong dollar. No relief package is expected in the US right now.

12:30 PM

Mild recovery in crude

After yesterday’s 5% drop in crude oil, there is a slight recovery today. However, a lockdown in Europe is expected to reduce demand. On the other hand, there is a concern about demand due to increasing inventory in the US. Metals also show improvement today after yesterday’s weakness. Nickel is strong, especially in the Philippines due to stalled mine production.

12:20 PM

The market is seeing excellent recovery from the lower levels. The Nifty has crossed 11700. Bank Nifty has improved about 300 points from the bottom. The market is being supported by RELIANCE, ASIAN PAINTS and KOTAK BANK.

11:45 AM

There has been some improvement from lower levels in the market. However, the Sensex and the Nifty remain in the red mark. The Sensex is looking around 39,780 with a weakness of 140 points, or 0.35 per cent. At the same time, the Nifty is trading around 11,675 with a weakness of 52 points i.e. 0.45 percent.

11:00 AM

There is strong action in chemical stocks. BALAJI AMINES ran 4 percent with good results. THIRUMALAI, PI IND and SHARDA CROPCHEM are also seeing strong buying.

10:50 AM

The strictness of leather shoes imports of substandard quality has increased. For this, the Ministry of Industry has issued a notification. After this news, shares of MIRZA INTL, LIBERTY SHOES, KHADIM INDIA have run up 3 to 4 per cent.

10:45 AM

AXIS BANK has risen 2% with good results. The bank has made a profit of around 1680 crores from losses. After Q2 numbers, RBL BANK is also seeing good buying.

10:40 AM

Despite doubling profits in the second quarter, L&T shares have lost 4 per cent. The company’s revenue has fallen by more than 12 percent. There is also pressure on the margin. The company has announced a special dividend of 18 rupees.

10:35 AM

Metal and NBFCs shares are under pressure. INDIABULLS HSG, SHRIRAM TRANSPORT and LIC HSG FINANCE have lost more than 2%. The metal is showing weakness in HIND ZINC, MOIL, SAIL and TATA STEEL.

10:32 AM

After a weak start, the market is trying for recovery. So far in October series, Nifty has given 8% and Bank Nifty has given 18%.

10:30 AM

In order to clamp down on leather shoes imports of substandard quality, the government has issued a notification stating that only leather products with BIS (Bureau of Indian Standard) standards will be able to be imported into the country.

10:25 AM

Weakness in the market is maintained but it has seen very good recovery from the lower levels. Currently, the Sensex is down around 39,820 with a fall of nearly 100 points. At the same time, the Nifty is seen around 11,690, with a decline of about 40 points.

10:05 AM

The rupee has weakened by 15 paise against the dollar today to open at 74.03 against 73.88.

09:25 AM

Sensex and Nifty are also seeing weakness amid weak global cues. The Sensex is seeing a decline of around 300 points. Along with heavyweight stocks, midcap stocks are also seeing weakness. The midcap index of BSE is trading with a weakness of 0.94 per cent. However, smallcap stocks are also seen selling. The BSE Smallcap index is trading with a weakness of 1.33 per cent. Oil-gas stocks also see weakness today. The oil and gas index of BSE is trading at a weakness of 0.67 per cent.

Currently, the 30-share BSE Sensex is trading around 39,640, with a weakness of about 285 points, or 0.71 per cent. On the other hand, NSE Nifty, the 50-share major index, is trading around 11,615 with a weakness of about 110 points i.e. 0.95 per cent.

08:25 AM

Global signal weakens

The increasing pace of the corono has seen a steep decline in US markets. The DOW closed down 950 points in yesterday’s trade. Yesterday we saw the biggest selling since June. Concerns are growing as Corona cases increase worldwide. Hotels and airlines are seeing the biggest drop in shares. Concerns over fuel demand have also led to a sharp drop in crude. But today DOW FUTURES looks up 230 points. Here, Asia is also seeing weakness. SGX NIFTY appears below 70 points.

The world is troubled by the second wave of Corona

The number of corona patients in the world is increasing rapidly again. France has again imposed a lockdown across the country until 1 December. Germany announced a partial lockdown from 2 November. Angela Merkel has said that patients in the ICU have doubled in 10 days. On the other hand, the situation is worse in America. Meanwhile, Corona cases in India have reached 8 million. Union Minister Smriti Irani has been found to be Corona positive. But there is good news about the vaccine. Serum Institute has said that the vaccine will be ready by December.

In Focus, the Cipla

company has launched the ELIFast test kit for covid antibody testing. ICMR has approved this test kit of Cipla.

Q2 Results of MARUTI and BPCL today

It is possible to increase MARUTI’s profits and earnings by 12 per cent in the second quarter. At the same time, a 49 percent jump in BPCL’s profit is possible. Its GRM can be close to 2 dollars. Both companies will present second quarter results today.

Mumbai Indians reach IPL flop, CSK and KKR match today

In the IPL, Mumbai Indians defeated Royal Challengers Bangalore by five wickets and made it to the Fleeoff. Today there will be a match between Chennai Super Kings and Kolkata Knight Riders.

Strategy on nifty

Virendra Kumar of CNBC-Awaaz says that its registration zone is 11840-11860. The larger registration zone is 11930–11945. The base zone is 11660–11700. The larger zone is 11500–1150. This is the first time American markets have broken significant levels since June. Do not shorten after Gap Down opens, FIIs have bought puts. Long Unwinding is happening in the market, not shortening. After the market opens, we will focus on the option.

Strategy on nifty bank

Virendra Kumar says that its registration zone is 24380-24440. The larger registration zone is 24580-24660. The base zone is 24000-23900. The larger zone is 23750–23840. Stay away from initial fluctuations. After the market opens, we will focus on the option.

Know today’s trading calls

Axis Securities

Sell ​​ACC fut 1633 SL 1660 target 1590

Tradebulls

SELL BIOCON ARND 404 SL 410 TGT 390

Nirmal Bang

Buy UPL tgt 472 sl 440

 

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