Benchmark indices ended higher for the second consecutive session on October 30 with Nifty around 19,150. At close, the Sensex was up 329.85 points or 0.52 percent at 64,112.65, and the Nifty was up 93.60 points or 0.49 percent at 19,140.90.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices/ for all the global market action.

Markets extended rebound and gained nearly half a percent, in continuation to Friday’s move. After the initial fall, Nifty gradually inched higher as the session progressed and settled around the day’s high at 19,140.90 level. Meanwhile, the rebound in select heavyweights, especially from the energy and banking space, contributed the maximum while the broader indices closed almost unchanged.

Nifty has reached closer to its immediate hurdle i.e. 19,200-19300 zone and is likely to face pressure on the rise. Besides, the indications from the global indices are also not very conducive. We thus reiterate our view to keep a check on long positions and utilize rebound to create shorts as well.

Nifty ended higher for the second consecutive session on October 30. At close, Nifty was up 0.49% or 93.7 points at 19140.9. Volumes on the NSE were the lowest since October 09. Broad market indices rose less than the Nifty even as the advance decline ratio remained firm at 1.25:1.

Asia-Pacific markets started the week mixed ahead of key economic data like monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong. European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates. Israel's push into Gaza stirred fears of a wider conflict.

Nifty rose for the second consecutive session on October 30 but on low volumes. It could now inch upwards, but need volume boost to sustain the rise. Nifty could stay in the 19229-19041 band for the near term.

The Nifty opened on a flat note today and after the initial bout of volatility, it traded with a positive bias and closed the day up ~93 points. On the daily charts we can observe that the Nifty has been in a pullback mode since last couple of trading sessions and is now approaching crucial resistance zone of 19160 – 19220 where resistance in the form of the hourly upper Bollinger band and the 40-hour exponential moving average is placed. Hence it is advisable to be cautious with the longs. On the downside a breach below 18940 can lead to start the next leg of the fall. In terms of levels, 19180 – 19220 shall act as a support zone while 18950 – 18930 shall act as an immediate support zone.

Bank Nifty also continued with the pullback and the psychological levels of 43000. The Bank Nifty is now approaching crucial hurdle levels placed at 43150 – 43300 where multiple resistance parameters in the form of crucial fibonacci retracement levels and the hourly upper Bollinger band is placed and hence caution is advised on the longs.

Short covering continued for the second trading session as buoyancy in European and US indices aided a relief rally in local markets as gains in banking, oil & gas and realty stocks led the recovery. While markets witnessed early volatility, key benchmark indices soon bounced back and stayed in positive territory thereafter. Despite the recovery, there is a lot of pessimism amongst the investors due to slew of negative factors such as Israel-Hamas conflict, FII fund outflows, higher inflation, and strengthening US bond yields.

Technically, the Nifty took support near 18950 and bounced back sharply. On daily charts, the index has formed a bullish candle and on intraday charts, it is holding an uptrend continuation formation which is largely positive. As long as the index is holding the 19000 mark the pullback momentum is likely to continue and could move till 19200-19225 levels. On the flip side, below 19000 traders may prefer to exit from the long positions.

The domestic market mirrored the upbeat European & Asian markets, as geopolitical risk in West Asia continues. Equities are experiencing a short-term bounce after the heavy selling last week, as crude moderates and Q2 results provide some relief. But a full containment will depend on a radical fall in geopolitical risk and global bond yield. Crucially, this week’s US FED meeting is forecast to hold the status quo. Holding the global bond yield at the current elevated levels will continue to distract investors unless supplemented with the reasonable medium-term target of Fed rate trajectory.

Net profit up 17.3% at Rs 360 crore against Rs 307 crore and revenue down at Rs 2,476 crore versus Rs 2,496 crore, YoY.

The markets started the week on a tepid note and bears struck with full force in the opening trade, but the bulls managed to defend the support levels. Heavyweight Reliance and selected other stocks took the lead and helped the Index to advance. In the 2nd half of the trading session, Banking stocks participated as well and pushed the Index further higher to end the session at 19,140.90 with gains of 93.65 points.

Among the sectors, Realty was the best-performing sector followed by Energy and Pharma while Auto and FMCG were on the list of laggards. On the daily chart, the Index has formed a positive candle and is now heading towards its critical zone of 19,200-19,250 while the support is placed at 18,940.

Indian rupee ended flat at 83.25 per dollar on Monday versus Friday's close of 83.24.

: Benchmark indices ended higher for the second consecutive session on October 30 with Nifty around 19,150.

At close, the Sensex was up 329.85 points or 0.52 percent at 64,112.65, and the Nifty was up 93.60 points or 0.49 percent at 19,140.90. About 1863 shares advanced, 1741 shares declined, and 192 shares unchanged.

BPCL, UltraTech Cement, ONGC, Reliance Industries and SBI Life Insurance were among the major gainers on the Nifty, while losers were UPL, Tata Motors, Maruti Suzuki, Bajaj Auto and Axis Bank.

On the sectoral front, except auto and FMCG, all other sectoral indices ended in the green with oil & gas and realty up 1 percent each.

The BSE Midcap and Smallcap indices ended on a flat note.

-Neutral call, target cut to Rs 290 per share from Rs 315 per share
-Q2 miss on NII, PPOP; lower profitability on higher credit costs
-NIMs to bounce back partially with improvement in yields
-Asset quality to remain stable; credit costs to come down
-Expect NIM to contract by 100 bps YoY to 7.27 percent in FY24
-NIM improving from Q2FY24 exit, NIM at 7 percent
-Management maintained its vision 2025 guidance, which looks difficult