NIFTY Financial News

Lupin Ltd. traded 1.25 per cent up at Rs 986.0 on Monday at around 11:01AM (IST), while the benchmark BSE Sensex advanced 164.21 points to 66324.41. As many as 7,599 shares changed hands on the counter with a total value of Rs 7453.0 crore.

Crude oil prices fell, supporting the local currency. Brent crude futures fell 0.54% to $84.53 a barrel, while US West Texas Intermediate crude declined 0.41% to $80.25 a barrel.

“Our journey over the past four years has underscored the strength and potential of quant strategies in the Indian market, fueling our eagerness to witness their transformative impact on PMS,” says Sonam Srivastava, Founder & Fund Manager at Wright Research. In an interview with ETMarkets, Srivastava said: “This move towards technology isn't merely about operational efficiency; it's about reaching unprecedented levels of accuracy and consistency in the inherently unpredictable landscape of financial markets” Edited excerpts: Thanks for being part of the segment. Wright Research is moving from a research firm to PMS – the right extension of the services. Tell us why AI-driven, Quant-based PMS? It's great to be here! Wright Research's evolution into an AI-driven, Quant-based PMS feels like the right next step, in line with our commitment to informed decision-making rooted in data and quantitative analysis.

Day trading guide for today: On account of mixed global market trends, key benchmark indices of the Indian stock market ended lower on second day in a row. However, broad market indices continue to attract buying interest among Dalal Street bulls. NSE Nifty finished 13 points lower at 19,646 levels, BSE Sensex shed 106 points and closed at 66,160 mark while Bank Nifty index nosedived 211 points and ended at 45,468 levels.

Also Read: Gift Nifty, rally in Asian markets and US stocks to Japan’s policy tweak - key triggers for Indian stock market today The Nifty rollover was near 84%, which is significantly higher compared to last month and its three months average of 76.87%. The high rollover along with high roll premiums (~181 points) suggests that long positions which were built in July series are getting carried forward into the August series, ICICI Direct said. Nifty declined on Friday, but showed decent upside recovery to close the day off the lows at 19,646.05 level.

Marico Ltd, a leading FMCG company in India, reported a significant 15% rise in its consolidated net profit, reaching ₹436 crore for the first quarter ending on June 30, 2024. This marks a notable improvement compared to the ₹377 crore net profit posted in the same April-June quarter of the previous year, as stated in the regulatory filing by Marico.However, the company experienced a decline in its revenue from operations, which decreased by 3.16% to ₹2,477 crore during the current quarter, compared to ₹2,558 crore recorded in the corresponding period a year ago.Marico attributed the growth in its gross margin to surpassing internal expectations, expanding by 494 basis points (bps) year-on-year and 257 bps sequentially.

inflation data from across the region this week. US markets ending higher on Friday also improved sentiment. China is set to release its July purchasing managers index on Monday, while the US ISM surveys on manufacturing and services, the July payrolls report and European inflation due this week will also be eyed.

Buy or sell stocks for today: Following mixed trend in global market, Indian stock market ended lower for second straight session. NSE Nifty ended 13 points lower at 19,646 levels, BSE Sensex lost 106 points and finished at 66,160 mark while Bank Nifty index corrected 211 points and closed at 45,468 levels.

Market will also keep an eye on the manufacturing data to be released this week both — globally as well as locally. «Overall, we expect sectoral rotation in the market, while the Index is likely to remain in the consolidation zone with the ongoing result season,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETS

The strong support from foreign portfolio investments (FPIs) has lifted the stock market significantly in 2023-24 so far. The market benchmarks, Nifty 50 and BSE Sensex, retreated from their lifetime closing highs recently, and have delivered close to 13% returns since 31 March 2023.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 4 OCTOBER 1999CATEGORY EQUITYTYPE ELSSAUM* Rs.5,029 croreBENCHMARK NIFTY 500 TOTAL RETURN INDEXWHAT IT COSTS NAV** GROWTH OPTION Rs.1,008.54IDCW** Rs.52.17MINIMUM INVESTMENT Rs.500MINIMUM SIP AMOUNT Rs.500EXPENSE RATIO* (%) 1.83*AS ON 30 JUNE 2023 **AS ON 25 JULY 2023FUND MANAGER ANAND RADHAKRISHNAN / R.

SIP (systematic investment plan) is turning into a behemoth. Retail investors with small ticket sizes continue to plough big money into mutual funds in auto-pilot mode. As per the data from the Association of Mutual Funds in India, new SIP registrations for the month of June hit a record high of 27.8 lakh, taking the total SIP accounts to 6.7 crore.

MUMBAI : National Stock Exchange (NSE) of India Ltd is considering gradually extending trade timings, currently set at 6 hours and 15 minutes of the regular market, in consultation with its broker members, a top official of India’s largest stock exchange said. The proposal must be approved by the capital markets regulator and could be extended to derivatives contracts, said Ashishkumar Chauhan, managing director and chief executive, NSE.

₹2,477 crore. Here, Saffola edible oil saw a sharp price cut of about 30% due to a drop in vegetable oil prices. The company believes that pricing deflation has bottomed out and the decline would taper off hereon.

Nifty and Sensex, closed at 19,646.05 and 66,160.20 levels respectively. Meanwhile, a mixed trend across sectors and the monthly expiry of July month derivatives contracts kept the participants occupied. The broader indices managed to outperform for yet another week and posted strong gains in the range of 1%-2%.

Indian equities ended Friday’s session in the red even as the broader markets outperformed. Sensex after falling below 66,000 levels in intraday trade, recouped some of the losses and ended with a cut of 107 points at 66,160, while Nifty ended marginally lower at 19,646.

The domestic stock market finished lower on Friday (July 28) due to selling in auto sector, financial services, and information technology sector companies. At the closing, the Nifty 50 was down 13.85 points at 19,646.05, and the Sensex was down 106.62 points at 66,160.2.

Best-performing Flexi Cap Funds in 10 years (till July 28): Direct plans of as many as 10 Flexi Cap Mutual Fund schemes have given over 16% annualised returns in 10 years. The regular plans of these schemes have also given over 15% returns in this duration, as per data on the website of the Association of Mutual Funds in India (AMFI) tracked till July 28, 2023.

foreign portfolio investors triggered a sharp rally in Indian equities and took benchmark indices to all-time highs. However, the buying frenzy among the big bulls seems to be ebbing.FPIs net invested a mere Rs 468 crore in domestic markets during the week ended July 28, compared to Rs 7,804 crore in the preceding week.Benchmarks Sensex and Nifty 50 registered their first weekly loss after four consecutive gains, as investors booked partial profits. But on a monthly basis, inflows from FPIs were positive for the fourth consecutive month in July. They net invested over $4 billion in July, but this was lower than the over $6 billion inflows in June. Since March this year, FPIs have net invested nearly $19 billion in Indian equities, which is more than the $18 billion of outflows witnessed in the whole of 2022.

Nifty was down by 0.5%. On daily chart, Nifty formed lower high and lower low sequence, but sailing above 20 EMA which has acted as support for market in earlier episodes. For a coming week, Nifty has a strong support band in the range of 19,500 to 19,350 zone whereas it has stiff resistance above 19,800 to 19,850.

The week ahead is also expected to be a busy one for Dalal Street investors, as a slew of companies are scheduled to release quarterly earnings. This is likely to keep action extremely stock-centric. Moreover, foreign investors have slowed down their pace of buying. While the overall trajectory for markets remains positive, consolidation is likely on cards after the strong rally in the recent months. “In the coming days, domestic earnings will remain a crucial driver, while global cues will also play a vital role in shaping market trends,” said Vinod Nair, head of research, Geojit Financial Services.