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Stock Market Today
Despite conflicting global indicators, Indian markets began positively and continued their upward trend for a second straight day. Sensex Today 28 Oct 2022 and Nifty saw some weakness following its early momentum but managed to rebound skillfully in the last hour of trading to conclude at 17,787 with gains of 50 points (+0.3%). India’s VIX kept declining, currently down 4% and under 16 levels. However, the larger market saw profit booking as prices fell between 0.5% and 1.0%. After the RBI announced a second meeting of its Monetary Policy Committee on November 3, banking equities also saw some profit-taking.
Sensex Today
In intraday trade, the Sensex Today 28 Oct 2022 reached 60,000 but ultimately closed at 59,959, up 203 points.
The benchmark price for the 30-share BSE index increased 212.88 points, or 0.36 percent, to close at 59,756.84. It increased by 415.98 points or 0.69 percent over the day to reach 59,959.94.
The top gainers in the Sensex Today 28 Oct 2022 pack were Mahindra & Mahindra, Reliance Industries, NTPC, Power Grid, Titan, Bajaj Finserv, and Kotak Mahindra Bank.
Nifty50
Over the past week, the Nifty has been trading close to the 78.6 percent retracement of the whole September fall. Near 17800 is the important Fibonacci level. On October 28, the index made an intraday attempt to move past this level but was unable to maintain the higher area. The hourly chart reveals that the index is building a distribution close to this significant barrier. An exhaustion indication, the hourly momentum indicator has formed a negative divergence. The overall structure indicates that the following move down could already be underway. 17,720–17,700 is the area of immediate help. In the immediate run, if it is crossed, the index may decline toward 17,500.
Dow Jones Today
The Dow posted spectacular gains on Friday as wagers on the Federal Reserve slowing in its aggressive rate rise plans gained steam and Apple’s climb on strong quarterly earnings rekindled investor interest in big tech.
The Dow Jones Industrial Average rose 828 points, or 2.6%.
DAX Index
After the market closed on Friday, Germany’s equities were mixed, with advances in the telecom, food and beverage, and chemical industries driving shares higher while declines in the retail, construction, and transportation and logistics industries drove shares lower.
At the Frankfurt closing bell, the DAX increased by 0.24% to reach a new high for the month, while the MDAX index fell by 1.21% and the TecDAX index increased by 0.13%.
Nasdaq Index
The Nasdaq was up 2.9%. After its third-quarter earnings exceeded expectations, Apple (NASDAQ:AAPL) increased by more than 7%, boosting the entire tech sector.
As grim predictions from mega caps Amazon and Apple overshadowed data that indicated U.S. consumer spending climbed more than anticipated in September, the Nasdaq began lower on Friday. At the opening bell, the Nasdaq Composite fell 26.47 points, or 0.25%, to 10,766.20. The S&P 500 began higher by 0.96 points, or 0.03%, at 3,808.26 while the Dow Jones Industrial Average increased by 171.03 points, or 0.53%, at the opening.
S and P 500
The S&P 500 rose 2.5%. The S&P 500 and the heavily weighted Nasdaq 100 in the technology sector recorded their longest weekly advancing run since August. Both indexes ended a two-day fall on Friday thanks to gains in large technology companies including Alphabet Inc., the parent company of Google, and Microsoft Corp.
SGX Nifty
Indicating a bright start on Dalal Street and avoiding worldwide doom, the Nifty 50 Futures quoted on the Singapore-based Exchange SGX, an early indication for the Nifty50 traded 0.31% or 55 points higher at 8:23 am on Friday.
Crude Oil Futures
Despite Friday’s decline, oil is expected to announce a second consecutive week of gains due to confidence surrounding record U.S. crude shipments and decreasing recession fears.
WTI Futures plunged 1.1% to $88.13/barrel and Brent crude sank 0.9% to $94.2/barrel. Futures for natural gas decreased by 0.84%.
Gold Silver Price
According to HDFC Securities, the price of gold dropped by Rs 105 to Rs 50,889 per 10 kilos in the national capital on Friday due to negative worldwide trends. The precious metal had previously traded at a price of Rs 50,994 for 10 grams. However, silver increased by Rs 21 to Rs 58,336 per kg from Rs 58,315. Early on Friday, the rupee strengthened against the US dollar by 4 paise to 82.29, helped by a weak US dollar in the international market and local solid stocks.
Stock Market Today’s Top Gainers
The Top Gainers in Today’s Stock Market are
| MARUTI | 9494.10 | +4.95% |
| RELIANCE | 2526.00 | +3.10% |
| NTPC | 174.15 | +2.08% |
| M&M | 1311.30 | +1.40% |
| BAJAJFINSV | 1653.60 | +1.35% |
Stock Market Today’s Top Losers
The Top Losers in Today’s Stock Market are
| TATASTEEL | 101.55 | -2.54% |
| TECHM | 1047.95 | -2.53% |
| SUNPHARMA | 989.75 | -2.16% |
| ICICIBANK | 907.90 | -1.76% |
| SBIN | 570.75 | -1.52% |
Overall World Stock Market
Due to weaker commodity prices and varied profit reports, European equities dropped on Friday as investors evaluated the direction of monetary policy tightening in the face of slowing economic growth. By 0719 GMT, the pan-European STOXX 600 index had decreased 0.9%, with miners accounting for most of the declines as commodities prices plummeted due to concerns over China’s growing COVID-19 restrictions. The benchmark index ended Thursday’s trading session unchanged after the European Central Bank increased interest rates as anticipated but claimed that “substantial” progress had already been achieved in halting an unprecedented rise in inflation.