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Stock Market Today
After experiencing turbulence in the latter portion of the session on Sensex Today 22 Oct 2022 Friday, equity benchmark indexes concluded in the positive area, thanks to increases in Axis Bank and ICICI Bank. Foreign institutional investors (FIIs) turning net buyers in the market after several sessions contributed to the enthusiasm on Thursday.
Sensex Today
The 30-share BSE Sensex Today 22 Oct 2022 finished 104.25 points or 0.18 percent higher at 59,307.15, marking the index’s sixth day of advances. During the day, it rose 388.03 points, or 0.65%, to 59,590.93. The wider NSE Nifty finished 12.35 points or 0.07 percent higher at 17,576.30.
Axis Bank gained 8.96% from the Sensex Today 22 Oct 2022 pack after the business announced a 66.29 percent increase in its consolidated net profit for the September quarter to Rs 5,625.25 crore, driven by a significant fall in bad loan charges and margin expansion.
Nifty50
Axis Bank, Kotak Mahindra Bank, ICICI Bank, HUL, and SBI Life Insurance were among the top gainers on the Nifty, while Bajaj Finance, Bajaj Finserv, Divis Labs, Adani Ports, and UPL were among the top losers.
The bank index increased by 2%, while the capital goods, pharmaceutical, power, and metal indexes decreased by 0.5-1%.
Dow Jones Today
US equities ended down on Thursday as labor-market statistics and remarks from a US Federal Reserve member reinforced expectations that the central bank will be proactive in raising interest rates, outweighing a flurry of positive corporate profits.
The Dow is down 0.3%, S&P 500 is down 0.80% and the Nasdaq is down 0.61%.
DAX Index
Germany’s equities fell after the close on Friday, driven by losses in the Consumer & Cyclical, Media, and Retail sectors.
The DAX index fell 0.29% at the closing in Frankfurt, while the MDAX index fell 1.53% and the TecDAX index fell 0.69%.
Munich Reinsurance (ETR:MUVGn) was the strongest performer on the DAX during the day, rising 3.69% or 9.20 points to trade at 258.80 at the close.
Nasdaq Index
The Nasdaq Composite was down 66.34 points, or 0.62 percent, at 10,614.20. As trading proceeded, the markets gave up their earlier gains. The Nasdaq Composite opened at 10,657.41 points.
S and P 500
The S&P 500 opened at 3,689.49. The S&P 500 was down 27.81 points, or 0.75 percent, at 3,667.35.
SGX Nifty
Nifty futures on the Singapore Exchange fell 9.5 points, or 0.05 percent, to 17,510.50, indicating that Dalal Street will have a quiet start on Friday.
The Nifty 50 is trading at significant resistance levels, which it must overcome in order to go higher. If the Nifty overcomes the immediate barrier of 17608 points, the bullish momentum will accelerate.
The improved sentiment has reduced market volatility even further. On Thursday, the index fell 1.5% to 17.2325 points.
Crude Oil Futures
Oil prices were virtually flat on Friday, as market players weighed fears about high inflation against expectations that China’s energy consumption will increase.
Brent oil futures fell 5 cents to $92.33 a barrel by 00:02 GMT. West Texas Intermediate futures in the United States increased 7 cents to $84.58 per barrel. Brent was projected to gain 0.7% for the week, while WTI was expected to decrease 1.3%.
Gold Silver Price
Gold prices dropped on Friday, heading for a second weekly loss, pulled down by rising US Treasury rates and the currency amid a growing chorus of hawkish statements from Federal Reserve members.
Spot gold was down 0.4% at $1,620.60 per ounce, having fallen to its lowest level since September 28. So far this week, gold prices have fallen 1.3%.
Stock Market Today’s Top Gainers
The Top Gainers in Today’s Stock Market are
| AXISBANK | 900.25 | +8.96% |
| ICICIBANK | 907.15 | +2.13% |
| HINDUNILVR | 2655.05 | +2.11% |
| KOTAKBANK | 1902.90 | +2.05% |
| TITAN | 2666.10 | +1.39% |
Stock Market Today’s Top Losers
The Top Losers in Today’s Stock Market are
| BAJFINANCE | 7191.85 | -3.20% |
| BAJAJFINSV | 1684.00 | -2.39% |
| INDUSINDBANK | 1142.10 | -1.63% |
| ASIANPAINT | 3091.90 | -1.58% |
| LT | 1875.55 | -1.51% |
Overall World Stock Market
Following another gloomy day for US shares, Asian stocks fell, with Treasury rates at their highest level since the global financial crisis. MSCI’s broadest index of Asia-Pacific equities outside Japan was down 0.55% but remained above its two-and-a-half-year low set on Thursday.
Futures for the Nasdaq 100 were down 0.9%.
The Nasdaq 100 index lost 0.5%.
The Topix index in Japan fell 0.5%.
The Kospi index in South Korea fell 0.1%.