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Stock Market Today
On Monday, the key index components Reliance Industries and ICICI Bank saw purchasing, and the benchmark BSE Sensex Today 18 Oct 2022 increased by 491 points and settled over the 17,300 level.
The 30-share Sensex Today 18 Oct 2022 increased for a second day, rising 491.01 points or 0.85 percent to close at 58,410.98. The index sank early in trading, hitting a low of 57,639.80 after opening lower. But in late morning trading, it recovered and rose 529.03 points or 0.91 percent to reach a high of 58,449.
The NSE Nifty, which is more inclusive, increased by 126.10 points or 0.73 percent to close at 17,311.80, marking its second straight session of advances.
Sensex Today
Indian stock markets got off to a good start this week, with indexes finishing the first day of the week in the deep green. The Nifty50 index ended the day at 17311.80, up 126 points or 0.73 points, while the BSE Sensex Today 18 Oct 2022 closed at 58,410.98, up more than 491 points or 0.85% from its Friday closing price. 23 equities in the 30-stock Sensex rose while 7 fell in value.
Nifty50
Positioning in Nifty 50 options hints at an index range of 16,500–18,000 points for the coming week.
The Nifty 50 has been fluctuating over the past three weeks, trading in a range of 16800 to 17350 points. Tall wicks on both ends of the candles for the past three weeks suggest traders’ uncertainty as a result of volatility. Support for the index will be at 16800 points, while the primary resistance zone will be between 17200 and 17300.
Dow Jones and Nasdaq Index Today
650 points, or 2.21%, were added to the Dow Jones Industrial Average. The tech-heavy Nasdaq Composite rose 3.33% while the S&P 500 increased by 2.75%.
After posting its best quarterly net interest income in at least ten years, Bank of America Corp. increased. Treasury rates decreased along with the dollar, but UK bonds and the pound increased.
Liz Truss’ and his predecessor’s proposed tax policies are being reversed “nearly entirely,” according to Britain’s new finance minister Jeremy Hunt.
DAX Index
As investors maintained their attention on a weeklong Communist Party meeting in China, global markets were generally higher on Monday.
Early trade saw the French CAC 40 rise 0.5% to 5,961.27. The DAX in Germany increased 0.5% to 12,498.72. The FTSE 100 in Britain increased 0.5% to 6,894.84. The S&P 500 future increased by 0.9%, while the Dow industrials future saw a gain of 0.7%.
S and P 500
Stocks rose after more of UK Prime Minister Liz Truss’ unfunded tax cuts were reversed after the S&P 500 broke through a technical level that previously served as a rally catalyst.
The developments follow a wild week on Wall Street, during which the S&P 500 recorded its fifth-largest intraday turnaround from a low in history on Thursday, despite consumer price data showing that inflation persisted in its inexorable march throughout the U.S. economy in the previous month. Even yet, the benchmark index declined for the week.
SGX Nifty
Nifty futures on the Singapore Exchange moved up 119.5 points, or 0.69 percent, to close at 17,093.5, indicating Dalal Street will begin the week on the wrong foot.
The volatility of Indian stocks is anticipated to continue to follow general market patterns. Since multiple corporations are expected to release financial results, investors’ attention will be mostly on the September quarter reports. However, despite holiday happiness in the lead-up to Diwali, it is anticipated that the negative for stocks would be moderate.
Crude Oil Futures
Today’s Prices for Gas and Diesel in Delhi, Bangalore, Chennai, Mumbai, and Lucknow: On Monday, October 17, 2022, the cost of gasoline and diesel remained constant, maintaining prices at this level for around four months. Delhi’s prices for gasoline and diesel are Rs 96.72 and Rs 89.62 per liter, respectively. Diesel costs Rs 94.27 per liter and gasoline costs Rs 106.31 in Mumbai. On May 21 of this year, Finance Minister Nirmala Sitharaman announced a reduction in excise tax on gasoline and diesel of Rs 8 per liter and Rs 6 per liter, respectively.
Gold Silver Price
Due to good developments in the global market, the gold and silver rates in India were trading in the green on Monday. Gold December futures were trading at Rs 50,479 per 10 kilos on the Multi Commodity Exchange, up Rs 219 or 0.4% from the previous close of Rs 50260. On the MCX, silver December futures were trading at Rs 55,876 per kilogram, an increase of Rs 650 or 1.2%.
Stock Market Today’s Top Gainers
Top Gainers in Today’s Stock Market are
| SBIN | 543.90 | +3.20% |
| NTPC | 168.10 | +1.88% |
| BAJAJFINSV | 1718.80 | +1.80% |
| ICICI BANK | 885.60 | +1.78% |
| AXIS BANK | 814.35 | +1.75% |
Stock Market Today Top Losers
Top Losers in Today’s Stock Market are
| LT | 1883.80 | -1.45% |
| HCLTECH | 994.75 | -0.77% |
| WIPRO | 375.05 | -0.60% |
| TATASTEEL | 99.55 | -0.55% |
| POWERGRID | 211.90 | -0.55% |
Overall World Stock Market
In mid-session trades, stock markets in Europe were trading in the green. Friday’s closing price on Wall Street was substantially lower. Benchmark Brent crude for world markets was down 0.07 percent at USD 91.57 per barrel.
According to exchange statistics, foreign institutional investors (FIIs) continued to be net sellers in the Indian stock market on Friday, selling shares worth Rs 1,011.23 crore.