Share Market HIGHLIGHTS: Sensex falls 483 pts, Nifty ends at 19,512 as Israel-Palestine conflict rat – Zee Business

Share Market HIGHLIGHTS: Domestic equity benchmarks Nifty 50 and Sensex on Monday, October 9, settled lower, snapping a two-day winning streak as investor sentiment took a hit due to a conflict between Israel and Palestine. The price of crude oil spiked by 5 per cent due to geopolitical tensions. Besides, the US rate interest concerns worried investors.
S&P BSE Sensex ended 483.24 points, or 0.73 per cent lower at 65,512.39, while Nifty ended 141.15 points, or 0.72 per cent lower at 19,512.35 levels. Nifty Mid Cap 100 and Small Cap 100 also ended over 1 per cent lower. On the sectoral front, the Nifty Bank settled down 1.07 per cent at 43,886.5.
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Adani Ports, HCFC Life, Hero MotoCorp and M&M are among the top losers, down nearly 2-5 per cent in the Nifty basket. On the other hand, Dr Reddy, HCL Tech, Tata Consumer Products and ONGC are among the top gainers, trading with gains of around up to 1 per cent.

Source: NSE
Nifty ends at 19,512, down 0.72 per cent.

Source: NSE
 Sensex falls 483 points, settles at 65,512.

Source: BSE
As many as 17 stocks in the BSE 500 basket — the broadest index on the bourse — reached the milestone. 
Shares of Rail Vikas Nigam Limited (RVNL) trade over 4.5 per cent lower at Rs 162.2 apiece on NSE despite bagging two orders worth Rs 651 crore from Maharashtra Metro Rail Corporation Limited (MMRCL). Read more 
Vikas Sethi of Sethi Finmart recommends buying Apcotex Industries shares for a target of Rs 525 with a stop loss at Rs 490. Besides, he recommends buying TCS futures for a target of Rs 3,700 with a stop loss at Rs 3,600.

Source: NSE
Shares of Hero MotoCorp, a leading manufacturer of motorcycles and scooters, tumble nearly 3 per cent to trade at Rs 2,952.1 apiece on Monday, October 9. The stock witnessed a fall after the Delhi Police filed an FIR (first information report) against the chairman, Pawan Munjal, and others for fraud and forgery. It is alleged that Hero MotoCorp’s chairman made fake bills worth Rs 5,94,52,525 and submitted them to the Income Tax Department. Read more 
Stocks to buy, Pick of the Week: In conversation with Zee Business Managing Editor Anil Singhvi, market experts Rakesh Bansal, Kunal Saraogi, Himanshu Gupta, Mehul Kothari, Sandeep Jain and Sumeet Bagadia share their top recommendations in this special segment, Pick of the Week. On the top analysts’ ‘buy’ list are stocks such as IRB Infra, JM Financial, Persistent Systems, GAIL, GIPCL,  RIL, TCS, Datamatics, MCX and United Spirits. Read more 

Source: BSE
Shares of the commodity exchange Multi Commodity Exchange of India (MCX) scale a fresh 52-week high of Rs 2,150 per share on the NSE. The gains in the stock is triggered after SEBI’s technology panel- SEBI Technical Advisory Committee gave its approval for the implementation of the new Commodity Derivative Platform (CDP). Read more 
Shares of highway construction company IRB Infra are down 2.62 per cent, or Rs 0.85, at Rs 31.65 each, on BSE on Monday despite the firm reporting a 28 per cent jump in its monthly toll collection.The company announced on Monday that its monthly toll collection had gone up by 28 per cent from Rs.328 crore in September 2022 to Rs. 421 crore in September 2023. Read more 
Sugar and liquor stocks staged mixed moves on Monday after the GST Council decided to reduce a levy applicable to molasses and removed extra neutral alcohol (ENA) from the purview of the indirect tax. Molasses is a liquid substance used in the manufacturing of sugar and liquor, and ENA is a key raw material for the making of alcoholic liquor for human consumption—also known as potable alcohol—and is also serves a range of other industrial and commercial purposes. 
Molasses will now attract GST at five per cent instead of the earlier 28 per cent.
Among liquor stocks, Aurangabad Distiller gain 9.7 per cent, and Radico Khaitan, Associated Alcohol and GM Breweries surge around 1-2 per cent, while Som Distilleries, Sula Vineyards, United Spirits and Tilaknagar Industries decline around 1-2 per cent. Among sugar stocks, while Shree Renuka Sugars, Avadh Sugar Energy, Triveni Engineering, Bannari Amman and Ugar Sugar are up around 0.5-1 per cent each, Dalmia Bharat, Kothari Sugars, Mawana Sugars and Sakthi Sugards are down 1-2.6 per cent. Read more 
Titan Company shares succumbed to selling pressure amid market-wide weakness on Dalal Street, despite the company posting a strong business update for the second quarter of the financial year. The stock of Titan, a Tata group consumer lifestyle company whose popular brands include Tanishq, Mia, CaratLane, Fastrack, Sonata, Helios and Titan EyePlus, decline by as much as Rs 61.2, or 1.8 per cent, to Rs 3,250 apiece on BSE.  
In a regulatory filing released after market hours on Friday, the Tata group maker of jewellery and watches said its its revenue grew 20 per cent on a year-on-year basis in the quarter ended September 30 with 19 per cent domestic growth in its jewellery division, which includes its CaratLane and Tanishq brands. The overall growth was driven by studded activations, new collection launches, robust Golden Harvest sales, healthy weddings and high-value studded purchases, the Tata group company said. Read more
Ace investor Radhakishan Damani popularly known as RK Damani in the recently concluded September quarter has pared stake in Andhra Paper. The investor holds stake in the paper and paper products firm through his investment firm, Bright Star Investments. The stock trades flat, up 0.09 per cent at 588.2 apiece on the BSE. Read more 
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