Global cues:
• Wall Street opened higher on September 30 as upbeat data raised hopes that a domestic economic rebound was on track, while investors remained cautious after a heated presidential debate pointed to a tough election race ahead.
• The Dow ended well below its session highs Thursday, on rising fears U.S. lawmakers are unlikely to break the impasse on talks for further federal stimulus.
• Moderna Inc gained 2.4% after researchers said its COVID-19 vaccine candidate produced virus-neutralizing antibodies in older adults at levels similar to those seen in younger adults in an early safety study.
• Micron Technology Inc slipped 4.8% after the chipmaker said it has not yet obtained new licenses needed to sell its memory chips to China's Huawei Technologies Co Ltd, which would cut its sales over the next two quarters.
• Investors now await a more detailed jobs report from the Labor Department on Friday.
Indian markets:
• Indian market rose for the second consecutive day in a row on October 1 following the positive trend in Asian markets, and the announcement of Unlock 5 guidelines, and strong August GST collections – highest since March.
• The S&P BSE Sensex rose 629 points to 38,367 while the Nifty50 rose 169 points to close at 11,416. On a weekly basis, both Sensex and Nifty posted their best weekly gains in the last 3 months.
• The index closed above the 11,400 mark and formed a bullish candle on the daily charts. It also formed a bullish candle which resembles a Bullish Harami kind of pattern on the weekly charts as it gained over 3 percent for the week.
• India VIX fell by 6.04 percent from 19.53 to 18.35 levels, which is giving comfort to start the fresh upmove in the market.
• Sintex Industries shares hit lower circuit as PNB reports fraud of Rs 1,203 crore.
• Bajaj Auto share price jumped over 6 percent intraday on October 1 after the company declared its auto sales numbers for the month of September.
• PVR, Inox Leisure shares jump 12% each as govt allows reopening of cinema halls with 50% occupancy, across the country barring the containment zones from Oct 15.
• Abu Dhabi state fund Mubadala Investment Co will invest Rs 6,247.5 crore to secure 1.4 percent in the retail unit of Reliance Industries
• Suroyaday Small Finance Bank Limited (SSFBL) has filed its Draft Red Herring Prospectus for an Initial Public Offer (IPO).
• Chemcon listed with a massive 115 percent premium at Rs 731, but as the day progressed it witnessed some profit-booking at higher levels and fell below Rs 600
Disclaimer
Please note that all the recommendations/views/ levels we provide are based on the theory of technical/fundamental analysis and personal observations. This does not claim for sure/ certain profit or any fix returns. we are not be liable for any losses you make on the given takes and levels. You are advised to take your position with your sense, discretion and judgment. only you would be responsible for outcomes of your trades
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