NIFTY Financial News

The stock quoted a 52-week high of Rs 101.44 and a 52-week low of 65.2. About 387,309 shares changed hands on the counter so far.

Trent Ltd. rose 0.22 per cent to Rs 1708.9 in Thursday's trade. It hit an intraday high of Rs 1725.95 and low of Rs 1702.65, respectively, during the day.

Cipla(up 8.75 per cent), Aurobindo Pharma(up 4.71 per cent), Zydus Lifesciences(up 3.79 per cent), Lupin(up 3.36 per cent) and Granules India(up 3.02 per cent) were among the top gainers. Torrent Pharmaceuticals(down 0.02 per cent) were the top losers on the index.

The scrip opened at Rs 466.05 and touched an intraday high and low of Rs 475.75 and Rs 466.05, respectively, in the session so far. The stock of Jubilant Foodworks Ltd.

On the BSE, JLAInfraville&Shop(down 19.63 per cent), Haria Exports(down 12.77 per cent), PNGS Gargi Fashion(down 11.01 per cent), Ishaan Infrastru(down 10.36 per cent) and Tiaan Ayurvedic & He(down 8.80 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 29 stocks traded in the green, while 21 stocks traded in the red.

Indiabulls Real Estate(up 1.8 per cent), Phoenix Mills(up 1.71 per cent), DLF(up 1.22 per cent), Godrej Properties(up 1.02 per cent) and Oberoi Realty(up 0.61 per cent) were among the top gainers. SOBHA(down 2.03 per cent), Mahindra Lifespace Developers(down 1.37 per cent), Macrotech Developers(down 0.7 per cent) and Brigade Enterprises(down 0.52 per cent) were the top losers on the index.

The NSE Nifty index traded 22.15 points up at 19800.45, while BSE Sensex was up 34.89 points at 66742.09 as of 10:34AM(IST)on July 27. In the Nifty index, Cipla Ltd.(up 8.65 per cent), Divi's Laboratories Ltd.(up 1.60 per cent), Dr.

Coromandel International(up 2.65%), Fertilizers & Chemicals Tranvancore(up 2.54%), Madras Fertlizers(up 1.34%), Rashtriya Chemicals & Fertilizers(up 1.00%), Rama Phosphates(up 0.74%), ZUARIAGRO(up 0.62%), Nagarjuna Fertilizers & Chem(up 0.56%), Khaitan Chemicals & Fertilizers(up 0.48%), Paradeep Phosphates(up 0.47%) and KRISHANA(up 0.45%) were among the top gainers. Deepak Fertilizers & Petrochemicals(down 2.12%), Bohra Industries(down 1.66%), Mangalore Chemicals & Fertilizers(down 0.72%), Sikko Industries(down 0.69%), Chambal Fertilisers & Chemicals(down 0.34%), Madhya Bharat Agro Products(down 0.33%), G S F C(down 0.15%) and Gujarat Narmada Valley Fertilizers (down 0.08%) were among the top losers.

«The fact that there is a 4% kind of a decline in the revenue and even on many other parameters whether you look at sales to customer or footprint addition in this quarter or revenue per square feet there is definite amount of disappointment,» says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL.We were just highlighting Vendant Fashion’s numbers and just looking at how the same store sales etc performance has been that kind of falls short of the valuations that the stock quotes at, I mean the margins have come in at 47.5% while standalone they may be okay but in the same quarter last year they did over 50%. The PAT has come in at Rs 92 crores rupees odd, the revenues have come in a little lower by about 4%. It seems like it was not the most profitable quarter for them. Absolutely.

US Federal Reserve raised interest rates, which analysts believe to be the last rate hike by the central bank. The local unit opened at 81.93 as compared to the previous close of 82.00. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation.

Pankaj Murarka, Founder, Renaissance Investment, says “the rise in stock prices across smallcap indices has been pretty sharp over the last few months and it is not a bad idea to reallocate some money from smallcaps to largecaps so as to reduce the risk of the portfolio because all of us know that when markets rise, smallcaps rise much more or much higher than largecaps. But when markets correct, smallcaps also fall much more sharply than largecaps.”How do you see the outperformance of the broader markets? Do you believe that the bull run of 2020 or 2021 post Covid is back once again with the same feel and how do you spot the broader market space?Also, is this the right time to book profits or should one stay invested?There are multiple questions in your one question. So let me address them one by one.

Day trading guide for today: After pull back rally ahead of the Indian stock market's closing bell, key benchmark indices ended higher on Wednesday. NSE Nifty ended 97 points higher at 19,778 levels, BSE Sensex finished 351 points higher and closed at 66,707 whereas Bank Nifty index finished 217 points at 46,062 mark.

US Federal Reserve hiked interest rates by 25 basis points (bps), in line with expectations. The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading higher at around 19,850 level as compared to Nifty’s previous close of 19,778.30.

Buy or sell stocks for today: After showing weakness in the last few sessions, Indian stock market shifted into an upside bounce with volatility on Wednesday and closed in green territory. NSE Nifty gained 97 points and closed at 19,778 levels, BSE Sensex surged 351 points and ended at 66,707 whereas Bank Nifty index added 217 points and finished at 46,062 mark.

₹922.84 crore as Indian markets rose during Wednesday's trade even against weak global cues. The DIIs invested ₹470 crore in markets on July 26.Mahindra and Mahindra (M&M) Ltd has expressed its interest in acquiring up to a 9.9% stake in RBL Bank Ltd, a private bank.

Nifty futures traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for a muted start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.Tata ConsumerTata Consumer Products' profit rose 30% YoY to Rs 359 crore in the first quarter.

equities bounced back after three days of muted trade on buying at lower levels and select heavyweights. «Markets will react to Fed’s commentary. Further, monthly F&O expiry along with a slew of corporate earnings, could keep the market a bit volatile,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 0.5 points, or 0.00 per cent, higher at 19,984.50, signaling that Dalal Street was headed for muted start on Thursday.

US Federal Reserve raised interest rates to their highest level in over 22 years while keeping the doors open for another rate hike. The US Fed hiked interest rates by 25 bps to a target range of 5.25-5.5%, on the expected lines, bringing US benchmark funds rate to the highest level since 2001 to tackle sticky, high inflation. The Fed chair Jerome Powell also hinted at a possibility of further increases, going ahead.

Panic selling at all-time highs Whenever markets hit an all-time high, it’s normal for investors to feel uneasy and consider selling equities in anticipation of a fall. But, here is why this maybe a bad idea. All-time highs are a normal and inevitable part of long-term equity investing.

₹132 crore ($16.10 million) from ₹119 crore a year earlier, said the Indian unit of UK's GSK Plc. “GSK's vaccines business has now demonstrated a sequential Q-o-Q increase and maintained leadership in the private self-pay market," the drugmaker said in a statement. Its revenue from operations at the Augmentin antibiotic maker rose 2.2% to ₹762 crore.

Shares of SOBHA(up 10.08 per cent), Mahindra Lifespace Developers(up 2.66 per cent), Oberoi Realty(up 2.09 per cent), DLF(up 1.59 per cent) and Brigade Enterprises(up 1.4 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 0.06 per cent) and Prestige Estates Projects(down 0.05 per cent) finished as the top losers of the day.