Sensex Today | Stock Market LIVE Updates: GIFT Nifty signals a positive start; Asian shares trade lower

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​Sensex Today | Stock Market Live Updates: Sensex rises over 300 points, Nifty tops 19,100; UPL tumbles 4% on posting Q2 loss – The Economic Times

Business NewsMarketsStocksLive Blog›Sensex Today | Stock Market Live Updates: Sensex rises over 300 points, Nifty tops 19,100; UPL tumbles 4% on posting Q2 loss

30 Oct, 2023 | 03:15:20 PM IST

Stock Market Live Updates: Company reports loss at Rs 189 crore vs ET NOW poll saw a profit of Rs 356 cr

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Cello World IPO opens. Should you subscribe to the issue?

The initial public offer (IPO) of stationery maker Cello World opens for subscription. Ahead of the launch, the company raised Rs 567 crore from anchor investors. Most analysts advised investors to subscribe to the IPO over the company’s strong brand identity and diverse product portfolio across different categories.

Sensex Today | Stock Market View: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The oversold position in the market facilitated the 190 point bounce back in the Nifty on Friday. But the conditions are not favourable for the continuation of this uptrend since the risk-off mood persists in the market. The risk of the Middle East geopolitical crisis spreading is high and since the ground war has begun in Gaza there can be lots of uncertainty and unexpected developments.The other major factor impacting the markets -the elevated US bond yields- also will remain a short term concern since the Fed is likely to continue its hawkish stance in the light of the resilience of the US economy and inflation (3.7%) remaining above the Fed’s target. So watch out for the Fed’s message on November 1st even while it holds the rate as the market expects.Investors may remain cautious in this time of high uncertainty and risk. Nibbling at high quality large-caps will be a smart move.

Sensex Today | Stock Market LIVE Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start

GIFT Nifty on the NSE IX traded higher by 54.5 points, or 0.29 per cent, at 19,082.50, signaling that Dalal Street was headed for positive start on Monday.

 

​Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street. Watch this space as we bring you LIVE updates of the day’s proceedings from Dalal Street. 

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