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Market LIVE: Nifty hits 18,100, Sensex at fresh record high, jumps 300 pts; Titan, Tata Motors at 52-wk highs – The Financial Express

Asian stock markets were trading mixed in early trade

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at fresh record highs on Wednesday, a day before weekly F&O expiry. BSE Sensex was above 60,600, while NSE Nifty hit a high of 18,100. Mahindra and Mahindra, Tech Mahindra, Bajaj-Auto, Asian Paints, NTPC, L&T, Bajaj Finserv, Kotak Mahindra Bank were top Sensex gainers. Tata Steel, State Bank of India (SBI), Infosys and Hindustan Unilever Ltd (HUL) were among the top Sensex losers. On the sectoral front, barring Nifty Media, all the sectoral indices were trading in the positive territory. Nifty Bank index gained 0.4 per cent, Nifty Auto 2.2 per cent, and Nifty IT was up half a per cent.

India’s economy, which contracted by 7.3 per cent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to the latest projections released by the International Monetary Fund on Tuesday. India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.

Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading flat in India on Wednesday, as global prices remained steady ahead of US inflation data. On Multi Commodity Exchange, gold December futures were trading at Rs 47,195 per 10 gram, and silver December futures were ruling at Rs 61,818 per kg, up Rs 232 or 0.38 per cent. Globally, yellow metal steadied as investors awaited US inflation data and minutes from the Federal Reserve’s last policy meeting for clues as to when the central bank would start withdrawing its pandemic stimulus. Spot gold was flat at $1,760.46 per ounce, and US gold futures rose 0.1% to $1,761.20.

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The index has opened with a gap, that too above 18050. This is an encouraging sign. It is imperative we sustain this momentum. If the Nifty can close above the 18050 level, the next two targets would be 18200 and 18400. Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

On the sectoral front, barring Nifty Media, all the sectoral indices were trading in the positive territory. Nifty Bank index gained 0.4 per cent, Nifty Auto 2.2 per cent, and Nifty IT was up half a per cent

Tata Steel, State Bank of India (SBI), Infosys and Hindustan Unilever Ltd (HUL) were among the top Sensex losers

Mahindra and Mahindra, Tech Mahindra, Bajaj-Auto, Asian Paints, NTPC, L&T, Bajaj Finserv, Kotak Mahindra Bank were top Sensex gainers

BSE Sensex hit a fresh record high of 60,621, rallying over 300 points, and NSE Nifty was just shy of 18,100

The benchmark indices NSE Nifty 50 and BSE Sensex continued positive momentum on Tuesday. After a muted opening, the Nifty/Sensex slipped over 50/150 points, but one more time they took support near 17850/59850 and reversed sharply. Among sectors, PSU bank stocks outperformed, and the Nifty PSU Bank index rallied over 3 per cent. While profit booking was seen in IT stocks. Technically, on daily and intraday charts, the index has formed promising higher bottom formation.

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A total of 15 BSE-listed companies such as Infosys, Wipro, Mindtree, Advik Laboratories, Aditya Birla Money, Morarka Finance, National Standard, Perfect-Octave Media Projects, Plastiblends India, Raghav Productivity Enhancers, SDC Techmedia, Sanathnagar Enterprises, Stratmont Industries, and Unistar Multimedia were scheduled to release quarterly earnings on 13 October 2021.

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Nifty has support in 17800-17850 range .Nifty is in a bullish trend and traders can consider buy on dips with strict stoploss for 18100 and 18140 as targets. Gaurav Udani, CEO & Founder, ThincRedBlu Securities

NexWafe GmbH (NexWafe) announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (Reliance) as a strategic lead investor in its EUR 39 million ($45 million) Series C financing round with an investment of EUR 25 million ($29 million) in phase one. The investment by Reliance will accelerate product and technology development for NexWafe, including completion of the commercial development of NexWafe’s solar photovoltaic products on prototype lines in Freiburg.

Reliance New Energy Solar Limited (RNESL), a wholly owned subsidiary of Reliance Industries Limited (RIL), and Denmark-based Stiesdal A/S (Stiesdal) signed a cooperation agreement for technology development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India. The agreement was signed during a state visit of Denmark to India and announced in the presence of the Hon’ble Mr. Narendra Modi, Prime Minister of India and the Hon’ble Ms. Mette Frederiksen, Prime Minister of Denmark.

India’s economy, which contracted by 7.3 per cent due to the COVID-19 pandemic, is expected to grow by 9.5 per cent in 2021 and 8.5 per cent in 2022, according to latest projections released by the International Monetary Fund on Tuesday. India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.

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In the overnight trade on Wall Street, US stocks finished lower. The Dow Jones Industrial Average fell 117.72 points, or 0.34%, to 34,378.34, the S&P 500 lost 10.54 points, or 0.24%, to 4,350.65 and the Nasdaq Composite dropped 20.28 points, or 0.14%, to 14,465.93.

Asian stock markets were trading mixed in early trade. Japan’s Nikkei slipped 0.18% while the Topix index dipped 0.28%

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