POST-MARKET SUMMARY 03 October 2023

After an extended weekend, Indian equity benchmarks concluded the trading day on October 3 with losses, influenced by weak global cues and extensive selling Top Gainer : Bajaj Finance | Top Loser : ONGC

Liquide Post-Market Summary 03rd October 2023

After an extended weekend, Indian equity benchmarks concluded the trading day on October 3 with losses, influenced by weak global cues and extensive selling. The top-performing sectors were PSU Banking and Media, while Energy and Auto sectors underperformed. Mid-cap and Small-cap indices outperformed the benchmark indices, as most of the correction was observed in heavyweight stocks.

NIFTY: The index opened 16 points lower at 19,622 and made a high of 19,623 before closing at 19,528. Nifty has formed a bearish candlestick pattern with a minor lower shadow on the daily chart. Its immediate resistance level is now placed at 19,700 while immediate support is at 19,450.

BANK NIFTY: The index opened 23 points lower at 44,561 and closed at 44,399. Bank Nifty has formed a bearish candlestick pattern with a long lower shadow on the daily chart. Its immediate resistance level is now placed at 44,700 while support is at 44,200.

Indices closing for 03rd October 2023
Major Market Indices data
FII/DII Data
Nifty Gainers & Losers

Stocks in Spotlight

▪  Dhanlaxmi Bank:  Stock surged over 10% after the company reported strong numbers for Q2. Total deposits rose 8.2% YoY to Rs 13,789 crore while gross advances were up 13.2% YoY at Rs 10,312 cror

▪  Kalpataru Projects:  Stock climbed nearly 3% after the company bagged new orders worth Rs 1,016 cr for transmission and distribution projects in India as well as overseas.

RVNL:  Stock gained 1.8% after the company emerged as the lowest bidder for Himachal Pradesh State Electricity Board’s power distribution infrastructure development project worth Rs 1,098 crore.

Global News

▪  Stoxx 600 index traded 0.5% lower after a brief spell in the green, with a mixed performance on the sectoral front. Utilities fell 2.7% while banks rose 0.14%.

▪  Hong Kong stocks led Asia-Pacific markets lower on Tuesday, in their return from a National Day holiday on Monday.

▪  Oil prices slipped further on Tuesday, after falling to a three-week low in the previous session, on a stronger US dollar, a darkening global macroeconomic outlook and mixed supply signals.


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