Index Financial News

Shares of Federal Bank(up 2.27 per cent), Punjab National Bank(up 1.63 per cent), HDFC Bank(up 1.04 per cent), Axis Bank(up 0.72 per cent) and Kotak Mahindra Bank(up 0.65 per cent) ended the day as top gainers in the pack. On the other hand, Bandhan Bank(down 0.42 per cent) and IDFCBANK(down 0.05 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.6 per cent up at 44494.65. Benchmark NSE Nifty50 index ended up 40.25 points at 19306.05, while the BSE Sensex stood up 110.09 points at 64996.6. Among the 50 stocks in the Nifty index, 29 ended in the green, while 21 closed in the red. Shares of Vodafone Idea, JP Power, Suzlon Energy, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Sahana System, Ravinder Heights and Manugraph India hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Shekhawati Poly, Setubandhan Infra and Shrenik hit their fresh 52-week lows.

Punjab National Bank(up 2.44 per cent), HDFC Bank(up 0.83 per cent), Federal Bank(up 0.5 per cent), Bandhan Bank(up 0.47 per cent) and Axis Bank(up 0.21 per cent) were among the top gainers. ICICI Bank(down 0.37 per cent), AU Small Finance Bank(down 0.27 per cent) and IDFCBANK(down 0.16 per cent) were the top losers on the index. The Nifty Bank index was up 0.24 per cent at 44336.55 at the time of writing this report. Benchmark NSE Nifty50 index was up 52.45 points at 19318.25, while the BSE Sensex was up 155.92 points at 65042.43. Among the 50 stocks in the Nifty index, 32 were trading in the green, while 18 were in the red. Shares of JP Power, Suzlon Energy, Vodafone Idea, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Ravinder Heights, Jullundur Motor and Zeal Global Services hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Setubandhan Infra, Shrenik and FutureLifestyleFash hit fresh 52-week lows in trade.

Glenmark Pharmaceuticals(up 2.52 per cent), Gland Pharma(up 2.19 per cent), Granules India(up 1.53 per cent), Zydus Lifesciences(up 1.5 per cent) and Cipla(up 1.48 per cent) were among the top gainers. Abbott India(down 0.35 per cent) and Laurus(down 0.03 per cent) were the top losers on the index. The Nifty Pharma index was up 1.01 per cent at 15177.35 at the time of writing this report. Benchmark NSE Nifty50 index was up 50.9 points at 19316.7, while the BSE Sensex was up 128.35 points at 65014.86. Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red. Shares of Suzlon Energy, JP Power, Vodafone Idea, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Ravinder Heights, Agarwal Corp and Jullundur Motor hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Setubandhan Infra, FutureLifestyleFash and Penta Gold hit fresh 52-week lows in trade.

We take a look at what analysts are saying on the stocks of the Nifty FMCG index.This becomes important because the market has once again hit the wall of volatility. In a bearish or volatile phase, it is FMCG stocks that tend to see an inflow of money, which does not want to move out of the equity market but wants to move to stocks which fall relatively lesser compared to other sectors.

Zee Entertainment Enterprises Limited (ZEEL) may get excluded from the MSCI Global Small-cap Index. though, the effective date for Zee-Sony merger is yet to be announced, but the National Company Law Tribunal has given its approval for amalgamation of Zee Entertainment Enterprises Ltd and Spny Pictures. As Zee-Sony merger date is not known, MSCI is yet to declare last date of trade session for ZEEL shares.

Shares of Indiabulls Real Estate(up 3.32 per cent), Mahindra Lifespace Developers(up 0.93 per cent), Brigade Enterprises(up 0.58 per cent) and SOBHA(up 0.42 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 3.97 per cent), DLF(down 1.72 per cent), Oberoi Realty(down 1.55 per cent), Godrej Properties(down 1.09 per cent) and Phoenix Mills(down 0.77 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.31 per cent down at 532.95. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Shares of Persistent Systems(up 0.35 per cent) ended the day as top gainers in the pack. On the other hand, MPhasis(down 2.91 per cent), Coforge(down 2.5 per cent), HCL Technologies(down 1.48 per cent), L&T Technology(down 1.19 per cent) and LTIMindtree Ltd(down 0.83 per cent) finished as the top losers of the day. The Nifty IT index closed 0.64 per cent down at 30914.55. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Shares of Bandhan Bank(up 0.43 per cent), Axis Bank(up 0.18 per cent) and ICICI Bank(up 0.15 per cent) ended the day as top gainers in the pack. On the other hand, Punjab National Bank(down 2.15 per cent), IndusInd Bank(down 1.68 per cent), State Bank of India(down 1.21 per cent), HDFC Bank(down 1.13 per cent) and AU Small Finance Bank(down 1.11 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.59 per cent down at 44231.45. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Shares of Glaxosmithkline Pharmaceuticals(up 0.63 per cent), Abbott India(up 0.24 per cent) and Ipca Laboratories(up 0.06 per cent) ended the day as top gainers in the pack. On the other hand, Dr Reddys Laboratories(down 2.17 per cent), Biocon(down 1.96 per cent), Zydus Lifesciences(down 1.8 per cent), Gland Pharma(down 1.62 per cent) and Glenmark Pharmaceuticals(down 1.29 per cent) finished as the top losers of the day. The Nifty Pharma index closed 1.11 per cent down at 15025.2. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because it is a sector which tends to lead the market in both directions. Whether it is upward or southward movement.

Mahindra Lifespace Developers(up 0.92 per cent) and SOBHA(up 0.19 per cent) were among the top gainers. Macrotech Developers(down 3.39 per cent), Oberoi Realty(down 2.06 per cent), DLF(down 1.74 per cent), Godrej Properties(down 1.52 per cent) and Indiabulls Real Estate(down 0.94 per cent) were the top losers on the index. The Nifty Realty index was down 1.54 per cent at 531.7 at the time of writing this report. Benchmark NSE Nifty50 index was down 128.85 points at 19257.85, while the BSE Sensex was down 436.88 points at 64815.46. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. Shares of Jio Financial Servic, Vodafone Idea, Reliance Power, Suzlon Energy and GMR Infra were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Virescent Renewable, KFIN Technologies, Gabriel India and Kaynes Technology In hit their fresh 52-week highs in today's trade, while Sadhana Nitro, Penta Gold, Zeal Global Services, Suumaya Lifestyle and Shrenik hit fresh 52-week lows in trade.

Shares of Indiabulls Real Estate(up 10.45 per cent), Godrej Properties(up 1.09 per cent), SOBHA(up 0.7 per cent), DLF(up 0.59 per cent) and Mahindra Lifespace Developers(up 0.34 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises(down 2.05 per cent), Macrotech Developers(down 1.76 per cent), Phoenix Mills(down 0.2 per cent) and Prestige Estates Projects(down 0.02 per cent) finished as the top losers of the day. The Nifty Realty index closed 0.2 per cent up at 540.0. Benchmark NSE Nifty50 index ended down 57.3 points at 19386.7, while the BSE Sensex stood down 180.96 points at 65252.34. Among the 50 stocks in the Nifty index, 17 ended in the green, while 33 closed in the red. Shares of Suzlon Energy, GMR Infra, Indian Railway Fin, South Indian Bnk and JP Power were among the most traded shares on the NSE. Shares of Global Pet Industrie, Kopran Ltd, Greenchef Appliances, S Chand & Co and Bajaj Hindusthan Su hit their fresh 52-week highs in today's trade, while Shreeoswal Seeds, Jio Financial Servic, Penta Gold, Sadhana Nitro and Hotel Rugby hit their fresh 52-week lows.

Ipca Laboratories(up 2.69 per cent), Gland Pharma(up 1.44 per cent), Natco Pharma(up 1.11 per cent), Torrent Pharmaceuticals(up 1.11 per cent) and Biocon(up 1.04 per cent) were among the top gainers. Pfizer(down 0.54 per cent), Divis Laboratories(down 0.34 per cent), Alkem Laboratories(down 0.27 per cent), Glaxosmithkline Pharmaceuticals(down 0.18 per cent) and Dr Reddys Laboratories(down 0.1 per cent) were the top losers on the index. The Nifty Pharma index was up 0.28 per cent at 15324.7 at the time of writing this report. Benchmark NSE Nifty50 index was up 39.85 points at 19483.85, while the BSE Sensex was up 142.19 points at 65575.49. Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red. Shares of Suzlon Energy, GMR Infra, Indian Railway Fin, Manappuram Finance and South Indian Bnk were among the most traded shares on the NSE. Shares of Kopran Ltd, Bajaj Hindusthan Su, VELS Film Internatio, Titagarh Wagons and GMR Infra hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Penta Gold, Sadhana Nitro, TVS Supply Chain Sol and Shrenik hit fresh 52-week lows in trade.

Shares of Godrej Properties(up 1.91 per cent), Prestige Estates Projects(up 1.15 per cent), SOBHA(up 0.76 per cent), Brigade Enterprises(up 0.55 per cent) and Oberoi Realty(up 0.39 per cent) ended the day as top gainers in the pack. On the other hand, Indiabulls Real Estate(down 1.42 per cent), Mahindra Lifespace Developers(down 0.45 per cent) and Macrotech Developers(down 0.23 per cent) finished as the top losers of the day. The Nifty Realty index closed 0.43 per cent up at 538.9. Benchmark NSE Nifty50 index ended up 47.55 points at 19444.0, while the BSE Sensex stood up 213.27 points at 65433.3. Among the 50 stocks in the Nifty index, 30 ended in the green, while 19 closed in the red. Shares of Suzlon Energy, YES Bank, Alok Industries, Reliance Power and Bank of Maharashtra were among the most traded shares on the NSE. Shares of VELS Film Internatio, Atul Auto, Sakar Healthcare, NGL Fine Chem and Centum Elec hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Penta Gold, Rachana Infrastructu, Hotel Rugby and Drone Destination hit their fresh 52-week lows.

Federal Bank(up 1.36 per cent), Bank of Baroda(up 0.92 per cent), IDFCBANK(up 0.87 per cent), Axis Bank(up 0.77 per cent) and AU Small Finance Bank(up 0.63 per cent) were among the top gainers. IndusInd Bank(down 0.55 per cent), Kotak Mahindra Bank(down 0.35 per cent) and HDFC Bank(down 0.2 per cent) were the top losers on the index. The Nifty Bank index was up 0.09 per cent at 44034.75 at the time of writing this report. Benchmark NSE Nifty50 index was down 2.85 points at 19393.6, while the BSE Sensex was down 15.9 points at 65204.13. Among the 50 stocks in the Nifty index, 25 were trading in the green, while 25 were in the red. Shares of Suzlon Energy, YES Bank, Reliance Power, Alok Industries and Easy Trip Planners were among the most traded shares on the NSE. Shares of Country Club Hospit, AB Cotspin India, DB Realty, Birla Cable and VELS Film Internatio hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Allcargo Terminals, Rachana Infrastructu, Rajnandini Metal and Yasons Chemex Care hit fresh 52-week lows in trade.

Bharat Forge(up 2.77 per cent), Sona BLW Precision Forgings(up 1.2 per cent), Eicher Motors(up 0.35 per cent), TVS Motor Company(up 0.31 per cent) and Bosch(up 0.26 per cent) were among the top gainers. Tata Motors(down 0.92 per cent), TIINDIA(down 0.67 per cent), Mahindra & Mahindra(down 0.61 per cent), Hero MotoCorp(down 0.37 per cent) and Ashok Leyland(down 0.32 per cent) were the top losers on the index. The Nifty Auto index was down 0.13 per cent at 15487.1 at the time of writing this report. Benchmark NSE Nifty50 index was down 12.4 points at 19384.05, while the BSE Sensex was down 49.31 points at 65170.72. Among the 50 stocks in the Nifty index, 21 were trading in the green, while 28 were in the red. Shares of Suzlon Energy, YES Bank, Reliance Power, Easy Trip Planners and Alok Industries were among the most traded shares on the NSE. Shares of AB Cotspin India, Country Club Hospit, Birla Cable, Baheti Recycling Ind and ABB Power hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Allcargo Terminals, Rachana Infrastructu, Yasons Chemex Care and AKG Exim Ltd.

Godrej Properties(up 1.25 per cent), Prestige Estates Projects(up 1.01 per cent), Phoenix Mills(up 0.89 per cent), Macrotech Developers(up 0.83 per cent) and SOBHA(up 0.72 per cent) were among the top gainers. Indiabulls Real Estate(down 0.47 per cent), DLF(down 0.14 per cent), Brigade Enterprises(down 0.11 per cent) and Mahindra Lifespace Developers(down 0.05 per cent) were the top losers on the index. The Nifty Realty index was up 0.47 per cent at 539.1 at the time of writing this report. Benchmark NSE Nifty50 index was down 9.5 points at 19386.95, while the BSE Sensex was down 41.08 points at 65178.95. Among the 50 stocks in the Nifty index, 22 were trading in the green, while 28 were in the red. Shares of Suzlon Energy, YES Bank, Reliance Power, Easy Trip Planners and Alok Industries were among the most traded shares on the NSE. Shares of AB Cotspin India, Baheti Recycling Ind, Birla Cable, DB Realty and VELS Film Internatio hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Yasons Chemex Care, Allcargo Terminals, Rachana Infrastructu and AKG Exim Ltd.

Jio Financial Services will eventually see its exit from domestic benchmarks Nifty 50 and Sensex, the stock will remain among the elite group of MSCI and FTSE indices.FTSE Russell added Jio Financial back to the All-World cap index and a few others, while MSCI Inc will add the stock to its Global Standard and Largecap indices after market trading hours on Wednesday. Typically an inclusion or exclusion of a stock from MSCI/FTSE indices results in inflows or outflows as passive funds adjust their portfolio to the changes. However, the stock’s presence in global indices is unlikely to result in any inflows or outflows, according to experts. “Unlike in India, where there are a set of criterias to be part of Nifty/Sensex, the breadth of global indices is wider. Therefore, Jio Financial will be in FTSE and MSCI indices,” says Abhilash Pagaria of Nuvama Institutional Equities. As funds owning RIL stock already have Jio Financial shares, there will be no fresh adjustments in their portfolio.

Shares of Sona BLW Precision Forgings(up 3.46 per cent), Bharat Forge(up 2.72 per cent), Hero MotoCorp(up 0.86 per cent), Mahindra & Mahindra(up 0.78 per cent) and MRF(up 0.57 per cent) ended the day as top gainers in the pack. On the other hand, Eicher Motors(down 0.66 per cent), Samvardhana Motherson International(down 0.42 per cent), TIINDIA(down 0.18 per cent) and Tata Motors(down 0.05 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.52 per cent up at 15507.9. Benchmark NSE Nifty50 index ended up 2.85 points at 19396.45, while the BSE Sensex stood up 3.94 points at 65220.03. Among the 50 stocks in the Nifty index, 28 ended in the green, while 22 closed in the red. Shares of Vodafone Idea, Suzlon Energy, Trident Ltd, Reliance Power and Zomato were among the most traded shares on the NSE. Shares of Yuken India, Dredging Corp, Birla Cable, Arham Technologies and Mold Tek Tech hit their fresh 52-week highs in today's trade, while Omaxe, Steel Exchange, Allcargo Terminals, Penta Gold and Jio Financial Servic hit their fresh 52-week lows.

Shares of AU Small Finance Bank(up 2.77 per cent), IDFCBANK(up 2.51 per cent), Federal Bank(up 1.34 per cent), Bandhan Bank(up 0.67 per cent) and Axis Bank(up 0.47 per cent) ended the day as top gainers in the pack. On the other hand, State Bank of India(down 0.56 per cent), HDFC Bank(down 0.43 per cent), Bank of Baroda(down 0.34 per cent) and ICICI Bank(down 0.34 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.02 per cent down at 43993.25. Benchmark NSE Nifty50 index ended up 2.85 points at 19396.45, while the BSE Sensex stood up 3.94 points at 65220.03. Among the 50 stocks in the Nifty index, 28 ended in the green, while 22 closed in the red. Shares of Vodafone Idea, Suzlon Energy, Trident Ltd, Reliance Power and Zomato were among the most traded shares on the NSE. Shares of Yuken India, Dredging Corp, Birla Cable, Arham Technologies and Mold Tek Tech hit their fresh 52-week highs in today's trade, while Omaxe, Steel Exchange, Allcargo Terminals, Penta Gold and Jio Financial Servic hit their fresh 52-week lows.

Prabhudas Lilladher has trimmed its 12-month Nifty target to 20,735 from 21,430 valuing the index at a 12 per cent discount to 10-year average PE (price to earnings ratio) of 20.7 times, and said that the coming months will be a real test for the economy and markets due to the EL Nino impact on inflation as food inflation and a feeble possibility of interest rate cut. The brokerage firm has trimmed the Nifty target primarily because of a cut in earnings and expects markets to consolidate ahead of the 2024 elections.