Stock market on the rise (Image source: Times Now Digital)
New Delhi:Following the US Federal Reserve’s decision to cut interest rates, the Indian stock market hit a new high today. In early trading, both bourses were trading in the green, a record high. At 10:52 am, the BSE Sensex is at 83461.04, which is 512.81 points or 0.62 percent higher than the previous close. Another index, the Skilled The 50 index is also at an all-time high, rising 134 points to 25,512.
HDFC Bank Share Price
At 10:20 am, the share price of HDFC Bank was at Rs 1,709.25. This marks a gain of Rs 14.45 or 0.85 per cent over yesterday’s close. In today’s trading session, the stock opened at Rs 1,699.20, hit a high of Rs 1,716.90 and touched a low of Rs 1,699.15.
HDFC Bank’s market capitalisation is Rs 13.04 lakh crore, with a price-earnings ratio of 19.10 and a dividend yield of 1.14 per cent. The stock has a 52-week high of Rs 1,794.00 and a 52-week low of Rs 1,363.55.
Infosys share price
At 11:08 am on September 19, Infosys shares were trading at Rs 1,893.15, up 0.04 per cent from the previous close. During the day, Infosys shares hit a high of Rs 1,924.20 and a low of Rs 1,889.05. On a technical standpoint, the stock is currently above its 50-, 100- and 300-day moving averages but below its 5-, 10- and 20-day moving averages. This means that the stock could find support at the 50-, 100- and 300-day moving averages and could face resistance at the 5-, 10- and 20-day moving averages.
TCS Share Price
At 11:08 am on September 19, TCS shares are priced at Rs 4,315.50, down 0.72 per cent from the previous close. In today’s trading session, TCS shares touched a high of Rs 4,421 and a low of Rs 4,292.50. If you look at the technical point of view, the stock is currently above its 100-day and 300-day moving averages but below its 5-day, 10-day, 20-day and 50-day moving averages. This suggests that the stock might find support at the 100-day and 300-day moving averages and might face resistance at the 5-day, 10-day, 20-day and 50-day moving averages.
(Disclaimer: The above article is for informational purposes only and should not be considered as investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before taking any money-related decisions.)
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