Index Financial News

In August 2021, one sector which had “ buy and strong buy” written all over it was IT or more commonly called software sector. Today, a number of them have “hold” recommendations by analysts.

Sona BLW Precision Forgings(up 1.4 per cent), Bharat Forge(up 1.03 per cent), Ashok Leyland(up 0.64 per cent), Maruti Suzuki(up 0.49 per cent) and Tata Motors(up 0.47 per cent) were among the top gainers. Samvardhana Motherson International(down 0.42 per cent), TVS Motor Company(down 0.26 per cent), Hero MotoCorp(down 0.12 per cent), Eicher Motors(down 0.11 per cent) and Balkrishna Industries(down 0.08 per cent) were the top losers on the index. The Nifty Auto index was up 0.32 per cent at 15477.45 at the time of writing this report. Benchmark NSE Nifty50 index was up 11.15 points at 19404.75, while the BSE Sensex was up 24.47 points at 65240.56. Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Reliance Power and Suzlon Energy were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Yuken India, Dredging Corp and Vascon Engineer hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, VELS Film Internatio and Lloyds Metals hit fresh 52-week lows in trade.

Gland Pharma(up 0.89 per cent), Biocon(up 0.37 per cent), Natco Pharma(up 0.36 per cent), Pfizer(up 0.24 per cent) and Dr Reddys Laboratories(up 0.2 per cent) were among the top gainers. Aurobindo Pharma(down 1.37 per cent), Granules India(down 0.94 per cent), Cipla(down 0.63 per cent), Sanofi India(down 0.54 per cent) and Glenmark Pharmaceuticals(down 0.52 per cent) were the top losers on the index. The Nifty Pharma index was down 0.24 per cent at 15296.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 5.85 points at 19399.45, while the BSE Sensex was up 6.56 points at 65222.65. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Suzlon Energy and Reliance Power were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Dredging Corp, Yuken India and Mohini Health & Hygi hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, Lloyds Metals and VELS Film Internatio hit fresh 52-week lows in trade.

Sona BLW Precision Forgings(up 1.85 per cent), TIINDIA(up 1.66 per cent), Bharat Forge(up 1.46 per cent), Samvardhana Motherson International(up 1.38 per cent) and Tata Motors(up 1.06 per cent) were among the top gainers. Mahindra & Mahindra(down 0.75 per cent) and Maruti Suzuki(down 0.16 per cent) were the top losers on the index.

Gland Pharma(up 1.13 per cent), Alkem Laboratories(up 1.02 per cent), Glenmark Pharmaceuticals(up 0.98 per cent), Ipca Laboratories(up 0.94 per cent) and Abbott India(up 0.74 per cent) were among the top gainers. Sanofi India(down 0.64 per cent), Glaxosmithkline Pharmaceuticals(down 0.58 per cent), Pfizer(down 0.48 per cent), Torrent Pharmaceuticals(down 0.36 per cent) and Zydus Lifesciences(down 0.06 per cent) were the top losers on the index.

Bandhan Mutual Fund has launched Bandhan Nifty IT Index Fund, which is an open-ended equity scheme tracking Nifty IT Index. In a statement, the AMC said the scheme will aim to capture the growth potential of the Indian Information Technology (IT) sector. The

Shares of AU Small Finance Bank(up 1.81 per cent), Bank of Baroda(up 0.95 per cent), Axis Bank(up 0.69 per cent), IDFCBANK(up 0.45 per cent) and State Bank of India(up 0.14 per cent) ended the day as top gainers in the pack. On the other hand, Kotak Mahindra Bank(down 0.84 per cent), Punjab National Bank(down 0.71 per cent), HDFC Bank(down 0.41 per cent), Federal Bank(down 0.33 per cent) and IndusInd Bank(down 0.19 per cent) finished as the top losers of the day.

Shares of Pfizer(up 1.71 per cent), Natco Pharma(up 1.03 per cent), Biocon(up 0.92 per cent), Zydus Lifesciences(up 0.47 per cent) and Alkem Laboratories(up 0.31 per cent) ended the day as top gainers in the pack. On the other hand, Gland Pharma(down 3.02 per cent), Lupin(down 2.24 per cent), Glenmark Pharmaceuticals(down 1.68 per cent), Laurus(down 1.42 per cent) and Granules India(down 1.26 per cent) finished as the top losers of the day.

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because in the first seven months of this year whenever markets have faced pressure, it is the financial services and banks stocks which have helped it move upward. But this time financial sector stocks which have high FII ownership are also under pressure due selling by some global ETF.

Natco Pharma(up 1.44 per cent), Dr Reddys Laboratories(up 0.72 per cent), Cipla(up 0.69 per cent), Pfizer(up 0.65 per cent) and Biocon(up 0.59 per cent) were among the top gainers. Alkem Laboratories(down 1.23 per cent), Torrent Pharmaceuticals(down 1.23 per cent), Lupin(down 1.2 per cent), Glenmark Pharmaceuticals(down 1.06 per cent) and Sun Pharmaceutical Industries(down 0.84 per cent) were the top losers on the index.

SOBHA(up 1.58 per cent), Prestige Estates Projects(up 0.44 per cent) and Phoenix Mills(up 0.26 per cent) were among the top gainers. Mahindra Lifespace Developers(down 1.9 per cent), Oberoi Realty(down 1.57 per cent), Godrej Properties(down 1.21 per cent), Macrotech Developers(down 1.08 per cent) and DLF(down 0.62 per cent) were the top losers on the index.

Sona BLW Precision Forgings(up 0.99 per cent), TIINDIA(up 0.82 per cent), MRF(up 0.37 per cent), Eicher Motors(up 0.25 per cent) and Bosch(up 0.16 per cent) were among the top gainers. Hero MotoCorp(down 1.67 per cent), Ashok Leyland(down 1.19 per cent), Samvardhana Motherson International(down 1.11 per cent), Mahindra & Mahindra(down 0.78 per cent) and Bharat Forge(down 0.56 per cent) were the top losers on the index.

Nykaa, HDFC AMC among a list of stocks have been excluded from Nifty Next50 in the latest revision of various NSE indices. However, there were no changes made to the benchmark Nifty. The changes, which were brought about by the index maintenance sub-committee (Equity) of NSE Indices, will be effective from September 29.Indus Towers, Page Industries and ACC were also excluded from the Nifty Next50 index, which added PNB, Shriram Finance, Trent, TVS Motor and Zydus Life.

Shares of Gland Pharma(up 4.61 per cent), Natco Pharma(up 2.96 per cent), Sanofi India(up 2.08 per cent), Dr Reddys Laboratories(up 0.39 per cent) and Sun Pharmaceutical Industries(up 0.1 per cent) ended the day as top gainers in the pack. On the other hand, Glenmark Pharmaceuticals(down 2.28 per cent), Zydus Lifesciences(down 1.91 per cent), Lupin(down 1.86 per cent), Divis Laboratories(down 1.54 per cent) and Abbott India(down 1.03 per cent) finished as the top losers of the day.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Investment in the Bandhan Nifty IT Index Fund can be made through licensed mutual fund distributors and online platforms, as well as, directly on https://www.bandhanmutual.com. Highlighting why investors should consider investing in the Bandhan Nifty IT Index Fund, Vishal Kapoor, CEO, Bandhan AMC said, “The Indian IT sector is at the forefront of global innovation, establishing itself as a technology powerhouse and a leading player in the global IT landscape.

Sona BLW Precision Forgings(up 1.62 per cent), Ashok Leyland(up 0.66 per cent), Bosch(up 0.41 per cent), TIINDIA(up 0.35 per cent) and Maruti Suzuki(up 0.24 per cent) were among the top gainers. Samvardhana Motherson International(down 0.88 per cent), Eicher Motors(down 0.77 per cent), TVS Motor Company(down 0.68 per cent), Balkrishna Industries(down 0.39 per cent) and Hero MotoCorp(down 0.2 per cent) were the top losers on the index.

Prestige Estates Projects(up 1.16 per cent), Indiabulls Real Estate(up 1.1 per cent), Macrotech Developers(up 0.67 per cent), Oberoi Realty(up 0.66 per cent) and DLF(up 0.61 per cent) were among the top gainers. Phoenix Mills(down 0.64 per cent) were the top losers on the index.

Shares of Tata Motors(up 1.88 per cent), Mahindra & Mahindra(up 1.54 per cent), Maruti Suzuki(up 1.05 per cent), Ashok Leyland(up 0.94 per cent) and Bharat Forge(up 0.91 per cent) ended the day as top gainers in the pack. On the other hand, TIINDIA(down 2.65 per cent), Hero MotoCorp(down 0.96 per cent), TVS Motor Company(down 0.38 per cent), Bajaj Auto(down 0.35 per cent) and Eicher Motors(down 0.34 per cent) finished as the top losers of the day.

banking system have been triggering the recent selloff in the Chinese markets. Worries surfaced over likely deflationary pressures threatening to undermine corporate profits and reduced potential returns.

Shares of Lupin(up 2.85 per cent), Zydus Lifesciences(up 2.45 per cent), Laurus(up 1.43 per cent), Abbott India(up 1.13 per cent) and Biocon(up 1.0 per cent) ended the day as top gainers in the pack. On the other hand, Gland Pharma(down 3.53 per cent), Sanofi India(down 1.36 per cent), Divis Laboratories(down 0.49 per cent), Glenmark Pharmaceuticals(down 0.03 per cent) and Alkem Laboratories(down 0.02 per cent) finished as the top losers of the day.