Index Financial News

Shares of Mahindra & Mahindra Ltd.(up 2.52 per cent), Hero MotoCorp Ltd.(up 1.62 per cent), TVS Motor Company Ltd.(up 1.53 per cent), Tata Motors Ltd.(up 1.0 per cent) and Bajaj Auto Ltd.(up 0.89 per cent) ended the day as top gainers in the pack. On the other hand, Bharat Forge Ltd.(down 1.13 per cent), Balkrishna Industries Ltd.(down 0.47 per cent), Bosch Ltd.(down 0.39 per cent), MRF Ltd.(down 0.21 per cent) and Sona BLW Precision Forgings Ltd.(down 0.05 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.84 per cent up at 16563.9. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

Shares of Tata Consultancy Services Ltd.(up 0.21 per cent) and HCL Technologies Ltd.(up 0.03 per cent) ended the day as top gainers in the pack. On the other hand, Persistent Systems Ltd.(down 2.12 per cent), Coforge Ltd.(down 1.31 per cent), Infosys Ltd.(down 1.3 per cent), L&T Technology Services Ltd.(down 1.28 per cent) and Wipro Ltd.(down 1.12 per cent) finished as the top losers of the day. The Nifty IT index closed 0.68 per cent down at 33129.5. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

Sobha Ltd.(up 0.83 per cent), Brigade Enterprises Ltd.(up 0.6 per cent), DLF Ltd.(up 0.46 per cent), Prestige Estates Projects Ltd.(up 0.33 per cent) and Oberoi Realty Ltd.(up 0.18 per cent) were among the top gainers. Phoenix Mills Ltd.(down 1.41 per cent), Indiabulls Real Estate Ltd.(down 0.89 per cent), Godrej Properties Ltd.(down 0.73 per cent), Mahindra Lifespace Developers Ltd.(down 0.41 per cent) and Macrotech Developers Ltd.(down 0.04 per cent) were the top losers on the index. The Nifty Realty index was down 0.16 per cent at 586.0 at the time of writing this report. Benchmark NSE Nifty50 index was down 15.6 points at 20176.75, while the BSE Sensex was down 101.48 points at 67737.15. Among the 50 stocks in the Nifty index, 30 were trading in the green, while 20 were in the red. Shares of Vodafone Idea, YES Bank, JP Power, Suzlon Energy and IOB were among the most traded shares on the NSE. Shares of KIOCL, GMR Power and Urban, IOB, UCO Bank and Adroit Infotech hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Penta Gold, Sri Adhikari and CMI Ltd hit fresh 52-week lows in trade.

World Happiness Index for 2023, India finds itself ranked at the 126th position among 146 countries, marking it as one of the least joyful nations globally. This decline in happiness levels has been attributed to the growing mental health crisis in India, particularly in Gujarat, which has been exacerbated by the ongoing effects of the Covid-19 pandemic. Recent data from Pharmarack reveals a substantial increase in the sale of antidepressants and mood stabilizer medicines, with India witnessing a remarkable 41% surge, climbing from Rs 1,382 crore in August 2019 to Rs 1,955 crore in August 2023.

financial inclusion index (FI-Index), capturing the extent of financial inclusion across the country, rose to 60.1 in March 2023, showing growth across all parameters. The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. «Index for the year ending March 2023 has since been prepared.

Au Small Finance Bank Ltd.(up 2.46 per cent), Bank of Baroda(up 1.79 per cent), Federal Bank Ltd.(up 1.61 per cent), Bandhan Bank Ltd.(up 0.76 per cent) and Punjab National Bank(up 0.75 per cent) were among the top gainers. ICICI Bank Ltd.(down 0.21 per cent), HDFC Bank Ltd.(down 0.15 per cent) and Kotak Mahindra Bank Ltd.(down 0.11 per cent) were the top losers on the index. The Nifty Bank index was up 0.17 per cent at 45989.55 at the time of writing this report. Benchmark NSE Nifty50 index was up 30.45 points at 20100.45, while the BSE Sensex was up 55.3 points at 67522.29. Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red. Shares of JP Power, Suzlon Energy, YES Bank, NBCC and Indian Railway Fin were among the most traded shares on the NSE. Shares of Magadh Sugar Energy, Bombay Dyeing, Silver Touch Tech, Sakthi Sugars and Dalmia Bharat hit their fresh 52-week highs in today's trade, while Penta Gold, Vasa Retail & Overse, Vaxtex Cotfab and Mono Pharmacare hit fresh 52-week lows in trade.

Bharat Forge Ltd.(up 2.53 per cent), Sona BLW Precision Forgings Ltd.(up 2.42 per cent), Balkrishna Industries Ltd.(up 1.49 per cent), Bosch Ltd.(up 1.04 per cent) and Eicher Motors Ltd.(up 0.95 per cent) were among the top gainers. Tube Investments of India Ltd.(down 0.75 per cent) were the top losers on the index. The Nifty Auto index was up 0.8 per cent at 16123.15 at the time of writing this report. Benchmark NSE Nifty50 index was up 55.25 points at 20125.25, while the BSE Sensex was up 95.89 points at 67562.88. Among the 50 stocks in the Nifty index, 36 were trading in the green, while 13 were in the red. Shares of JP Power, Suzlon Energy, NBCC, Indian Railway Fin and Vodafone Idea were among the most traded shares on the NSE. Shares of Bombay Dyeing, Silver Touch Tech, Dalmia Bharat, Avadh Sugar Energy and Mawana Sugars hit their fresh 52-week highs in today's trade, while Penta Gold, Vaxtex Cotfab and Mono Pharmacare hit fresh 52-week lows in trade.

reality through a somewhat hazy lens, however, does not deprive this gauge of its utility. Just as phone cameras with ever greater pixel counts make very little difference to most snaps, an updated index may not alter inflation readings much.

India has claimed the top spot in Chainalysis' 2023 Global Crypto Adoption Index despite stringent tax regulations in the country. 

Indiabulls Real Estate Ltd.(up 3.65 per cent), Sobha Ltd.(up 1.84 per cent), Mahindra Lifespace Developers Ltd.(up 1.13 per cent) and Prestige Estates Projects Ltd.(up 0.37 per cent) were among the top gainers. Macrotech Developers Ltd.(down 5.31 per cent), Phoenix Mills Ltd.(down 2.85 per cent), Brigade Enterprises Ltd.(down 1.12 per cent), Oberoi Realty Ltd.(down 1.09 per cent) and Godrej Properties Ltd.(down 0.61 per cent) were the top losers on the index. The Nifty Realty index was down 1.26 per cent at 569.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 11.1 points at 20004.3, while the BSE Sensex was up 41.7 points at 67262.83. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 24 were in the red. Shares of Indian Railway Fin, Suzlon Energy, JP Power, Vodafone Idea and YES Bank were among the most traded shares on the NSE. Shares of PDS Multi&Fash, Ajanta Pharma, KEC Int., Cadsys(India)Ltd.

“Corrections, whether through consolidation over time or absolute fall, cannot be ruled out in such instances. However, at the index level, we expect mid and small-cap outperformance over large-cap to persist over the next 12 to 18 months,” says Anand Rathi, Founder & Chairman, Anand Rathi Group. In an interview with ETMarkets, Rathi, said: “Currently, the future profits prognosis for mid- and small-cap firms appears to be more promising than that of large-cap stocks” Edited excerpts:Nifty@20,000 but it seems to be finding some resistance at higher levels – What is your take on markets at present?The Indian equities market has risen throughout the current fiscal year after remaining range-bound since October 2021. In the last 12 months, the large-cap has gained roughly 12%, the midcap around 25%, and the small cap over 30%.

India, Nigeria and Thailand are ranked as the top three countries in Chainalysis’ “2023 Global Crypto Adoption Index,” with lower middle-income (LMI) nations leading the way in the grassroots adoption of cryptocurrencies.

India, Nigeria and Thailand are ranked as the three top countries in Chainalysis’ 2023 Global Crypto Adoption Index, with lower middle income nations leading the way in grassroots adoption of cryptocurrencies.

ICICI Bank Ltd.(up 1.13 per cent), Axis Bank Ltd.(up 0.73 per cent) and HDFC Bank Ltd.(up 0.1 per cent) were among the top gainers. Federal Bank Ltd.(down 2.31 per cent), IDFC First Bank Ltd.(down 1.6 per cent), Punjab National Bank(down 1.59 per cent), Bandhan Bank Ltd.(down 1.39 per cent) and Au Small Finance Bank Ltd.(down 1.38 per cent) were the top losers on the index. The Nifty Bank index was down 0.05 per cent at 45547.6 at the time of writing this report. Benchmark NSE Nifty50 index was up 7.15 points at 20003.5, while the BSE Sensex was up 34.56 points at 67161.64. Among the 50 stocks in the Nifty index, 17 were trading in the green, while 33 were in the red. Shares of Indian Railway Fin, Vodafone Idea, YES Bank, JP Power and Rail Vikas Nigam were among the most traded shares on the NSE. Shares of ITI Ltd, Dolphin Offshore, Dynamic Services, Cadsys(India)Ltd.

The MCX October gold futures were trading up by Rs 35 or 0.06% from the Monday closing price at Rs 58,965 per 10 gram on the MCX while the December Silver futures were trading at Rs 72,160 per kg, higher by Rs 218 or 0.30%. On Comex, Gold futures were trading at $1,946 per troy ounce on Tuesday, down by $1.20 or 0.06% while Silver futures were at $23.445, higher by $0.062 or 0.270%. The October Gold futures had ended with gains of Rs 40 or 0.07% per 10 gram at Rs 58,938 on Monday while the December Silver futures closed lower at Rs 71,940, down by Rs 377 per kg or 0.53%. Expert Anuj Gupta, Head Commodity & Currency, HDFC Securities said that the market was awaiting the US economic data and FOMC decision on interest rates, later this month while adding that profit booking in dollar index from higher levels was also the reason why gold is steady. «For trading gold may trade between $1,910 to $1,930 levels and on the MCX it may trade between Rs 58,500 and Rs 59,300 levels with broadly mixed trend,» he added.. Prithviraj Kothari, MD & CEO of RiddiSiddhi Bullions Limited (RSBL) said that a higher-than-expected monthly reading may encourage hawkish Fed bets and further weigh down on gold.

Shares of Sobha Ltd.(up 10.89 per cent), Macrotech Developers Ltd.(up 3.52 per cent), Prestige Estates Projects Ltd.(up 2.43 per cent), Mahindra Lifespace Developers Ltd.(up 2.4 per cent) and Godrej Properties Ltd.(up 2.22 per cent) ended the day as top gainers in the pack. On the other hand, Indiabulls Real Estate Ltd.(down 2.31 per cent) finished as the top losers of the day. The Nifty Realty index closed 2.12 per cent up at 591.4. Benchmark NSE Nifty50 index ended up 92.9 points at 19819.95, while the BSE Sensex stood up 333.35 points at 66598.91. Among the 50 stocks in the Nifty index, 32 ended in the green, while 18 closed in the red. Shares of Vodafone Idea, JP Power, Indian Railway Fin, Reliance Power and YES Bank were among the most traded shares on the NSE. Shares of IndiaPowerCorp, Bombay Burmah, Trans & Rectif, Emmbi Industries and Power Finance Corp.

GlaxoSmithKline Pharmaceuticals Ltd.(up 1.23 per cent), Pfizer Ltd.(up 1.16 per cent), Alkem Laboratories Ltd.(up 0.17 per cent), Sanofi India Ltd.(up 0.17 per cent) and Abbott India Ltd.(up 0.17 per cent) were among the top gainers. Natco Pharma Ltd.(down 1.7 per cent), Aurobindo Pharma Ltd.(down 0.87 per cent), Glenmark Pharmaceuticals Ltd.(down 0.79 per cent), Zydus Lifesciences Ltd.(down 0.62 per cent) and Lupin Ltd.(down 0.52 per cent) were the top losers on the index. The Nifty Pharma index was down 0.2 per cent at 15274.9 at the time of writing this report. Benchmark NSE Nifty50 index was up 55.95 points at 19783.0, while the BSE Sensex was up 224.63 points at 66490.19. Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red. Shares of JP Power, Reliance Power, YES Bank, Vodafone Idea and Indian Railway Fin were among the most traded shares on the NSE. Shares of Trans & Rectif, Mazagon Dock Ship, Emmbi Industries, Usha Martin and Graphite India hit their fresh 52-week highs in today's trade, while Penta Gold, Bombay Metrics Suppl, Shubhlaxmi Jewel Art, Panache Digilife and TCNS Clothing hit fresh 52-week lows in trade.

Shares of Natco Pharma Ltd.(up 2.11 per cent), Granules India Ltd.(up 1.7 per cent), Dr. Reddy's Laboratories Ltd.(up 0.57 per cent), Gland Pharma Ltd.(up 0.47 per cent) and Glenmark Pharmaceuticals Ltd.(up 0.11 per cent) ended the day as top gainers in the pack. On the other hand, Torrent Pharmaceuticals Ltd.(down 1.58 per cent), Sun Pharmaceutical Industries Ltd.(down 0.81 per cent), Biocon Ltd.(down 0.66 per cent), Cipla Ltd.(down 0.59 per cent) and Zydus Lifesciences Ltd.(down 0.53 per cent) finished as the top losers of the day. The Nifty Pharma index closed 0.32 per cent down at 15306.15. Benchmark NSE Nifty50 index ended up 116.0 points at 19727.05, while the BSE Sensex stood up 385.04 points at 66265.56. Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red. Shares of JP Power, Vodafone Idea, YES Bank, Indian Railway Fin and Suzlon Energy were among the most traded shares on the NSE. Shares of Cochin Shipyard, Usha Martin, GTL Ltd, Responsive Ind.

Shares of Tech Mahindra Ltd.(up 1.62 per cent), HCL Technologies Ltd.(up 1.46 per cent), LTIMindtree Ltd.(up 1.45 per cent), Wipro Ltd.(up 0.82 per cent) and Tata Consultancy Services Ltd.(up 0.73 per cent) ended the day as top gainers in the pack. On the other hand, Infosys Ltd.(down 0.76 per cent), Persistent Systems Ltd.(down 0.29 per cent), MphasiS Ltd.(down 0.29 per cent) and Coforge Ltd.(down 0.27 per cent) finished as the top losers of the day. The Nifty IT index closed 0.42 per cent up at 32448.35. Benchmark NSE Nifty50 index ended up 116.0 points at 19727.05, while the BSE Sensex stood up 385.04 points at 66265.56. Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red. Shares of JP Power, Vodafone Idea, YES Bank, Indian Railway Fin and Suzlon Energy were among the most traded shares on the NSE. Shares of Cochin Shipyard, Usha Martin, GTL Ltd, Responsive Ind.

Shares of Macrotech Developers Ltd.(up 2.9 per cent), Sobha Ltd.(up 2.4 per cent), DLF Ltd.(up 2.26 per cent), Brigade Enterprises Ltd.(up 1.72 per cent) and Indiabulls Real Estate Ltd.(up 1.32 per cent) ended the day as top gainers in the pack. On the other hand, Prestige Estates Projects Ltd.(down 0.26 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.48 per cent up at 579.1. Benchmark NSE Nifty50 index ended up 116.0 points at 19727.05, while the BSE Sensex stood up 385.04 points at 66265.56. Among the 50 stocks in the Nifty index, 33 ended in the green, while 17 closed in the red. Shares of JP Power, Vodafone Idea, YES Bank, Indian Railway Fin and Suzlon Energy were among the most traded shares on the NSE. Shares of Cochin Shipyard, Usha Martin, GTL Ltd, Responsive Ind.

Macrotech Developers shares have rallied nearly 60%, Prestige Estates Projects jumped over 58%, DLF shares surged 48%, Godrej Properties up over 41% and The Phoenix Mills soared 36%. Among other Nifty Realty constituents, Brigade Enterprises, Indiabulls Real Estate, Oberoi Realty and Sunteck Realty are up in the range of 25%-35% in the last six months.