Sensex Trades Over 200 Points Higher; Metal & Realty Stocks Witness Buying

Share markets in India are presently trading on a volatile note, gyrating between gains and losses.

The BSE Sensex is trading up by 195 points at 38,500 levels.

Meanwhile, the NSE Nifty is trading up by 62 points.

The BSE Sensex touched day's high of 58,779 and low of 58,352. Meanwhile, Nifty swung on either side of the 17,400-mark. The VIX is up 2%.

IndusInd Bank and Bajaj Finance are among the top gainers today.

Meanwhile, Maruti Suzuki and Bajaj Auto are among the top losers today.

The BSE Mid Cap index is trading up by 0.2%.

The BSE Small-Cap index is trading lower by 0.5%.

Stocks from the metal sector and realty sector are witnessing most of the buying interest.

Meanwhile, automobile stocks and power stocks are trading in red.

The rupee is trading at 73.58 against the US$.

Gold prices are currently trading down by 0.2% at Rs 46,196.

Speaking of the stock market, India's #1 trader, Vijay Bhambwani talks about why he is bullish about the year 2022, in his latest video for Fast Profits Daily.

In news from the media sector, NDTV is among the top buzzing stocks today.

Shares of New Delhi Television Limited (NDTV) are locked in the 10% upper circuit band for the second straight day today amid rumors of buyout by Adani Group.

The stock is trading at its 52-week high level.

However, NDTV has denied any such development and has said the founder-promoters, Radhika and Prannoy Roy, are not in discussions now, nor have been, with any entity for a change in ownership or divestment of their stake.

RRPR Holding Private continues to hold 61.45% of the total paid-up share capital of NDTV.

The company further said that it has no information on why there is a sudden surge in the stock price.

Adani Group recently appointed veteran journalist Sanjay Pugalia as the CEO and editor in chief to lead the media initiatives of the group.

NDTV share price is trading up by 10%.

Moving on to news from the IT sector, shares of HCL Technologies are in focus today.

Shares of HCL Technologies hit a new high of Rs 1,315.10 on the BSE after the company announced a five-year digital transformation deal with US-based MKS Instruments.

It is a global provider of instruments, systems, subsystems, and solutions for advanced manufacturing processes.

In a statement post market hours yesterday, the company said,

HCL will drive digital and cloud-enabled transformation for MKS Instruments through AI/ML-led automation, enhanced user experience with end-to-end Infrastructure services, digital workplace services, and IT transformation.

HCL's board is scheduled to meet next month on 14 October to consider financial results for the quarter and half year ending September 2021.

The board will also consider the payment of a third interim dividend for the financial year 2021-22.

The record date for determining the entitlement of the shareholders for the payment of aforesaid interim dividend is 23 October 2021.

Shares of the company have seen a sharp rally in the past one month, rallying as much as 18%.

HCL Technologies' share price is presently trading up by 2%.

Speaking of stocks, here is an illustration of the four phases that stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these for stages.