The market opened in green on October 12, 2020.

Sensex made its all-time high in January 2020 when it touched 42,273.87 levels. At that time, SBI was trading at Rs 313.95 per share. 

D-Street gears for an early Diwali-like celebration as the bulls seem to continue to pick up from where they left on Friday. The early trend shows that SGX Nifty is likely to have a blistering start as it is trading up by 42 points above the 12,000 mark. The key catalyst for this is the strong global cues.

Nifty has moved higher within the last 10 days, which makes the current upswing, the longest swing since the last week of May in terms of length. The upswing of May 25-June 3 was about 6-day long but in percentage terms, in this upswing Nifty rallied almost 13 per cent. Both the swings i.e. the current one from September low of 10,790 and May 25-June 3, have quite a few things in common.  Stocks in news: Kellton Tech, Glenmark, GE Shipping, Shilpa Medicare and RITES.
 

Sundaram Bluechip Fund new fund offer closed on October 01 will reopen for subscriptions from October 14, 2020.

New Fund Offers (NFOs) that are open for subscription.

Currently, the stock of ITC Limited has divided the community of investors into two groups. One group comprises those who believe that it is incredibly attractive at the current levels while the other group is of the view that it’s a value trap. However, the question arises as to who is correct? Let’s check this from a technical perspective.

On Friday, the index surged above its 200-DMA for the first time after February 28, 2020. In technical parlance, the 200-DMA is considered important as it is one of the basic technical indicators that can be used to determine the long-term trend of security.

Overall, business sentiment in the manufacturing sector, which is reflected by the business assessment index (BAI), surged from a record low at 55.3 in Q1 to 96.2 in Q2, (but still remains in the contraction zone).

The company recorded the highest quarterly deliveries of 5.05 million tonnes in India, suggesting a pickup in demand for steel.