FutureSenseIndia

Market Summary for the 22-oct-2024

Nifty Psubank, Nifty Metal, and Nifty Auto drag nifty down the market. Today Nifty is down -1.25% i.e. closed at 24,472.10  and Sensex is down -1.15% closing at 80,220.72.

FNO Stocks Top Loser and Gainer

Top Losser :

PNB  Rs. 95 (-7.09), LTF Rs. 147.00 (-6.86), HINDCOPPER Rs. HINDCOPPER Rs.295.35 (-6.74), GRANUAL 560.50  (-5.30), BHEL Rs.234.00 (-5.51%), BANDHAN BANK Rs.174.80 (-5.46%)

Top Gainer:

CUB Rs.168.52 (+11.88%)

Following are some of the key factor that drives the market
  1. During this result season, companies are not showing the expected results to investors so that will boost the trust of investors.
  2. FII selling is creating pressure in the market.
  3. Valuation now concern now compared to result valuation is not meeting investors expetation.
  4. Retail & HNI investor also now facing some pressure
Companies result declared today
Market top news today
  1. Ambuja Cement on Tuesday announced that it will acquire 46.8% of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore to reach 100 MTPA cement capacity in FY25 and improve its pan-India market share by 2%.
  2. Bajaj Finserv on Tuesday said that German company Allianz SE is actively considering exiting from the life and general insurance joint ventures (JV) with Bajaj Group, ending a partnership of over two decades. Bajaj Finserv holds a 74 percent stake in the JV.

  3. Hyundai IPO list to today in the Indian stock market and it declined up to – 7% till 3.00 pm today

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