AXY Financial News

Nifty index shares like HDFC Bank, Axis Bank, State Bank of India (SBI) and Tata Motors. This may help Nifty to climb a new peak as Nifty heavy weight HDFC Bank shares are expected to witness inflows to the tune of $600 million after this Sensex, FTSE rejig taking place on 15th September next week.

₹983-1,035 per share. At the upper end of the price band, RR Kabel aims to raise ₹1,964 crore from the IPO. The IPO comprises fresh issue of equity shares worth ₹180 crore and an offer for sale (OFS) of 1.72 crore equity shares worth ₹1,784 crore by the promoters and investors.

The BSE Sensex was trading 154 points or 0.23% higher at 66,420.

Wealth managers, however, believe investors must have a higher risk appetite and patience as such investment cycles could often take longer than anticipated to play out. Fund managers believe all companies face challenges across their lifecycles. Challenges could come from competition, regulations, or board-related conflicts. During such times, many companies with sound fundamentals could see sharp corrections, which present an entry point for investors as strong companies with sound management will come out of such situations.

Exide Industries Ltd Thursday said it has invested over ₹100 crore in its wholly-owned subsidiary Exide Energy Solutions Ltd, which is into manufacturing of advanced chemistry battery cells. In the regulatory filing, the Exide Industries said the company has made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on rights basis. The Exide Industries said there is no change in the shareholding percentage of the company in EESL pursuant to such an acquisition.

Khaitan Chemicals & Fertilizers(up 5.05%), Nagarjuna Fertilizers & Chem(up 4.79%), Deepak Fertilizers & Petrochemicals(up 4.31%), Gujarat Narmada Valley Fertilizers (up 2.14%), Mangalore Chemicals & Fertilizers(up 1.23%), ZUARIAGRO(up 1.22%), Chambal Fertilisers & Chemicals(up 0.81%), Coromandel International(up 0.32%), Paradeep Phosphates(up 0.20%) and Aries Agro(up 0.05%) stood among the top gainers. G S F C(down 7.30%), Fertilizers & Chemicals Tranvancore(down 5.89%), Agro Phos(down 4.23%), Sikko Industries(down 3.39%), Madras Fertlizers(down 2.37%), Rashtriya Chemicals & Fertilizers(down 1.90%), Rama Phosphates(down 1.46%), KRISHANA(down 1.24%), National Fertilizer(down 0.69%) and Southern Petrochemicals Industries(down 0.67%) were among the top losers of the day. The NSE Nifty50 index ended 116.0 points up at 19727.05, while the 30-share BSE Sensex closed up 385.04 points at 66265.56. Coal India Ltd.(up 7.11%), Larsen & Toubro Ltd.(up 4.24%), IndusInd Bank Ltd.(up 2.19%), SBI Life Insurance Company Ltd.(up 2.09%), Tech Mahindra Ltd.(up 1.62%), State Bank of India(up 1.49%), HCL Technologies Ltd.(up 1.46%), LTIMindtree Ltd.(up 1.45%), HDFC Life Insurance Company Ltd.(up 1.42%) and Axis Bank Ltd.(up 1.36%) stood among the top gainers in the Nifty pack. On the other hand, Tata Consumer Products Ltd.(down 2.29%), Britannia Industries Ltd.(down 0.84%), Sun Pharmaceutical Industries Ltd.(down 0.81%), Infosys Ltd.(down 0.76%), Oil And Natural Gas Corporation Ltd.(down 0.71%), Mahindra & Mahindra Ltd.(down 0.71%), Hindalco Industries Ltd.(down 0.63%), Hindustan Unilever Ltd.(down 0.63%), Cipla Ltd.(down 0.59%) and Bharti Airtel Ltd.(down 0.56%) closed in the red.

Relative Strength Index (RSI) come into play. RSI is a momentum oscillator that measures the speed and change of price movements. It is a vital tool for investors and traders to gauge the strength and potential reversals of a stock's price movement.

The company received approval from Sebi in the last week of August. The fresh issue size in the offer has been reduced to Rs 180 crore from Rs 225 crore earlier. The IPO also includes an offer for sale (OFS) segment of up to 1.72 crore equity shares.

₹542 crore and offer for sale (OFS) portion consists of 44.5 lakh shares of ₹10, which aggregates to ₹869.08 crore sold by promoter selling shareholder Devang Vasantlal Gandhi, and Neeta Gandhi. Jupiter Lifeline Hospitals IPO total issue size is ₹869.08 crores. The net proceeds from the fresh issue will be utilised to repay debt availed from banks by the company and material subsidiary, and to meet general corporate purposes.

Bajaj Electricals, which sells fans, home appliances, lighting, and cookware under the Morphy Richards and Nirlep brands. Last year, demand had been “weak", Poddar said. “November 2022 onwards demand had fallen.

market capitalisation of BSE-listed firms reached a new lifetime peak of Rs 317.33 lakh crore on Wednesday as the benchmark Sensex maintained its winning run for the fourth day running. Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15 per cent to settle at 65,880.52.

IPO. The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders. Under the OFS, Sunil Suresh and Shubha Sunil plan to offload up to 1.18 million equity shares, and Oman India Joint Investment Fund II plans to sell up to 5.54 million shares. Other selling shareholders include Kiran Bhanu Vuppalapati and Sridevi Venkata Vuppalapati. In 2018, Oman India Joint Investment Fund had invested in the company, securing a 26% ownership stake.

Shares of HDFC Bank Ltd.(up 1.3 per cent) and Au Small Finance Bank Ltd.(up 0.61 per cent) ended the day as top gainers in the pack. On the other hand, Punjab National Bank(down 2.44 per cent), Axis Bank Ltd.(down 1.67 per cent), IDFC First Bank Ltd.(down 1.56 per cent), ICICI Bank Ltd.(down 1.12 per cent) and IndusInd Bank Ltd.(down 1.06 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.28 per cent down at 44409.1. Benchmark NSE Nifty50 index ended up 36.15 points at 19611.05, while the BSE Sensex stood up 100.26 points at 65880.52. Among the 50 stocks in the Nifty index, 30 ended in the green, while 20 closed in the red. Shares of Vodafone Idea, Reliance Power, JP Power, Indian Railway Fin and YES Bank were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Fidel Softech, Udayshivakumar Infra, FACT and Orient Paper hit their fresh 52-week highs in today's trade, while Bombay Metrics Suppl, SS Infrastructure, Penta Gold, Redtape L and PowerGrid Infa InvIT hit their fresh 52-week lows.

Nifty settled higher for the fourth consecutive session on Wednesday, September 6, supported by gains in shares of select heavyweights, including HDFC Bankand Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth weighs on market sentiment. In Asian markets, Tokyo, Shanghai and Hong Kong ended in the green while Seoul settled lower.

₹261 crore from anchor investors ahead of its Initial Public Offering (IPO) that opens for subscription today, Wednesday. The company on Tuesday said it decided to allocate 35.47 lakh equity shares to 39 entities at ₹735 apiece, which is also the upper end of the price band. Singapore Government, Abu Dhabi Investment Authority, Goldman Sachs, Fidelity Funds, Nomura, HDFC Mutual Fund (MF), Nippon India MF, Axis MF, Kotak Mahindra MF, Aditya Birla Sun Life MF, SBI Life Insurance Company and HDFC Life Insurance, are among the anchor investors.

shopping malls have seen a sharp recovery in sales across pricepoints in the past few weeks during Raksha Bandhan and Onam, raising hopes of strong demand this festive season even though mass segments in electronics and auto stay under pressure. Retailers said the recent sales trend indicates a normal festive period ahead for apparel and discretionary segments that had been struggling for almost a year now. “The last few months have been challenging, but we are now seeing single-digit same-store sales,” said Devarajan Iyer, chief executive of department store chain Lifestyle International. “We have also managed our inventory for the festive season after gauging this demand boost.” The festive season starts with Onam and covers Ganesh Chaturthi, Durga Puja, Dussehra, Diwali and Bhai Dooj. “Onam sales have been strong and our recently opened mall, Forum Kochi, at Maradu has reported best-ever sales and footfall than any mall we have opened so far,” said Muhammad Ali, CEO of Forum Malls, promoted by Prestige Group Bengaluru-based developer Prestige Group. “In Benguluru also, sales momentum has started, and we expect to overcome the last few month’s slowdown during the long festive season,” he said.

stock trading is a dynamic and ever-evolving arena, where investors are constantly seeking indicators and patterns to help them make informed decisions. One such pattern that has caught the attention of market enthusiasts is the «Golden Crossover.» In this article, we will delve into what the Golden Crossover is, why it is important for assessing stock movements, and explore ten Nifty stocks that have recently witnessed this intriguing phenomenon. The Golden Crossover is a technical analysis term used in the world of stock trading.

Shares of Federal Bank Ltd.(up 1.15 per cent), IDFC First Bank Ltd.(up 0.76 per cent), Kotak Mahindra Bank Ltd.(up 0.5 per cent), Bank of Baroda(up 0.17 per cent) and IndusInd Bank Ltd.(up 0.13 per cent) ended the day as top gainers in the pack. On the other hand, Bandhan Bank Ltd.(down 0.67 per cent), HDFC Bank Ltd.(down 0.6 per cent), State Bank of India(down 0.44 per cent), Au Small Finance Bank Ltd.(down 0.24 per cent) and Axis Bank Ltd.(down 0.08 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.1 per cent down at 44532.15. Benchmark NSE Nifty50 index ended up 46.1 points at 19574.9, while the BSE Sensex stood up 152.12 points at 65780.26. Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red. Shares of Indian Railway Fin, YES Bank, JP Power, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of Vishnu Prakash R Pun, MMTC, Century Extrus, Indian Card Clothing and KIOCL hit their fresh 52-week highs in today's trade, while Bombay Metrics Suppl, Shrenik, Penta Gold, Sanco Industries and Allcargo Terminals hit their fresh 52-week lows.

Kotak Mahindra Bank Ltd.(up 0.94 per cent), Federal Bank Ltd.(up 0.62 per cent), Punjab National Bank(up 0.51 per cent), Bank of Baroda(up 0.35 per cent) and Au Small Finance Bank Ltd.(up 0.04 per cent) were among the top gainers. HDFC Bank Ltd.(down 0.39 per cent), IDFC First Bank Ltd.(down 0.25 per cent), Bandhan Bank Ltd.(down 0.25 per cent), State Bank of India(down 0.19 per cent) and Axis Bank Ltd.(down 0.08 per cent) were the top losers on the index. The Nifty Bank index was down 0.06 per cent at 44552.4 at the time of writing this report. Benchmark NSE Nifty50 index was up 45.15 points at 19573.95, while the BSE Sensex was up 132.19 points at 65760.33. Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red. Shares of Indian Railway Fin, YES Bank, JP Power, MMTC and NHPC were among the most traded shares on the NSE. Shares of Century Extrus, MMTC, Raymond, Zeal Global Services and Agarwal Float Glass hit their fresh 52-week highs in today's trade, while Penta Gold, Sanco Industries, GNA Axles, Allcargo Terminals and FutureLifestyleFash hit fresh 52-week lows in trade.

midcap and smallcap stocks are abuzz on Dalal Street with their strong outperformance this year. The Nifty Midcap 100 index has jumped more than 27% this year so far, crossing the 40,000-mark for the first time ever on Tuesday. Nifty Smallcap 100 index also stands at around 30% returns year-to-date.

SpiceJetLow-cost carrier SpiceJet allotted over 48.1 million shares to nine aircraft lessors to clear outstanding dues worth Rs 231 crore.CiplaCipla South Africa, a wholly-owned subsidiary of Cipla, signed a binding term sheet with Actor Holdings (Pty) to acquire Actor Pharma (Pty) Ltd.Escorts KubotaEscorts Kubota said it will be increasing the prices of its tractors effective September 16 onwards.YES BankYES Bank has clarified that post the sale of loan portfolio to JC Flower ARC, the Bank has no further role in settlements/ negotiations being undertaken by JC Flower ARC.Read more: What changed the market while you were sleepingTata PowerTata Power Renewable Energy signs PDA for a 26 MW AC group captive solar plant with Neosym Industry, a leader in Gray & SG Iron casting.Ramco CementsRamco Cements said it has commissioned the balance capacity of 3 MW of waste heat recovery system out of 12 MW capacity.