NIFTY Financial News

Southern Petrochemicals Industries(up 0.90%), Sikko Industries(up 0.69%), Mangalore Chemicals & Fertilizers(up 0.64%), Nagarjuna Fertilizers & Chem(up 0.56%), G S F C(up 0.48%), Madhya Bharat Agro Products(up 0.45%), KRISHANA(up 0.30%), National Fertilizer(up 0.28%), Chambal Fertilisers & Chemicals(up 0.24%) and Madras Fertlizers(up 0.18%) were among the top gainers. Agro Phos(down 0.89%), Gujarat Narmada Valley Fertilizers (down 0.35%), Fertilizers & Chemicals Tranvancore(down 0.34%), Paradeep Phosphates(down 0.32%), Coromandel International(down 0.27%), Deepak Fertilizers & Petrochemicals(down 0.27%), Rama Phosphates(down 0.20%), Bohra Industries(down 0.19%), Rashtriya Chemicals & Fertilizers(down 0.04%) and Aries Agro(down 0.03%) were among the top losers.

DLF Ltd. traded 0.08 per cent lower in Monday's session at 11:05AM (IST).

On the BSE, Shine Fashions(down 12.73 per cent), Kriti Ind(down 11.66 per cent), Gyscoal Alloys(down 10.60 per cent), DCM Nouvelle(down 10.05 per cent) and Gautam Gems(down 9.99 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 33 stocks traded in the green, while 17 stocks traded in the red.

Glenmark Pharmaceuticals(up 2.45 per cent), Aurobindo Pharma(up 0.97 per cent), Gland Pharma(up 0.76 per cent), Dr Reddys Laboratories(up 0.54 per cent) and Sun Pharmaceutical Industries(up 0.39 per cent) were among the top gainers. Biocon(down 3.88 per cent), Natco Pharma(down 1.51 per cent), Cipla(down 0.85 per cent), Abbott India(down 0.69 per cent) and Divis Laboratories(down 0.5 per cent) were the top losers on the index.

NEW DELHI: The deep cut in the last few days appears to have found bargain buying in HCL Tech, providing a window for upside reversal, says Anand James, Chief Market Strategist at Geojit Financial Services. “But, should it fail to float above Rs 1135, a new leg of downsides could unfold,” he said, adding that Infosys may continue to face pressure. Edited excerpts:Nifty bulls got fever at 20,000-mark. Do the charts indicate that the milestone is likely to be hit this week if IT stocks do not play spoilsport?Our favoured end point for last week’s move was 19850-950, and though there was a brief penetration above the upper range, momentum failed to sustain.

IDFCBANK(up 3.14 per cent), Bank of Baroda(up 1.55 per cent), Punjab National Bank(up 1.28 per cent), Axis Bank(up 0.9 per cent) and IndusInd Bank(up 0.8 per cent) were among the top gainers. AU Small Finance Bank(down 4.34 per cent) and Kotak Mahindra Bank(down 3.34 per cent) were the top losers on the index.

Foreign institutional investors (FIIs) sold shares worth a net of Rs 1,998.77 crore, while domestic institutional investors (DIIs) bought shares worth a net of Rs 1,290.73 crore on 21 July, according to the provisional data available on the NSE.

The markets took a sharp corrective turn today as the NIFTY50 index ended with a cut, while the Banknifty relatively underperformed the Nifty. The markets saw a gap-down opening.

Reliance Industries and FMCG stocks. The BSE Sensex was trading 124 points or 0.19% lower at 66,560. Nifty50 was trading at 19,710, down 34 points or 0.17% at around 9.19 am.

rupee ended 4 paise lower at 81.95 a dollar. Market participants remain watchful of the US Federal Reserve and the European Central Bank policy meet this week which are widely expected to hike rates this week.

equity market is expected to open on a cautious note on Monday following a mixed trend in Asian peers. The trends on Gift Nifty suggests a negative start for the Indian benchmark index. The Gift Nifty was trading lower at 19,730 as compared to the Nifty’s Friday’s close of 19,745.00,  Nifty was just 9 points away from hitting the 20,000 mark last week.

₹3,370.90 crore in the purchase on Friday, while DIIs sold shares for a net total of ₹193.02 crore.Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services: The near-term market trend will be influenced by a host of factors like the recent Q1 results, some major results expected this week and policy decisions like the Fed meeting outcome on Wednesday.Q1 results of RIL, though a tad disappointing on top and bottom line, are good when viewed from the perspective of the growth engines of the company - Jio Infocom and Reliance Retail - which are doing well and shows promise of improving, going forward. ICICI Bank has delivered the best results in the banking universe with 40% growth in net profit and impressive loan growth.

Day trading guide for today: Weakness in Reliance shares and major IT stocks like Tata Consultancy Services (TCS), Infosys, etc., key benchmark indices of the Indian stock market finished lower on Friday last week. Nifty index ended 234 points lower at 19,745 levels, BSE Sensex finished 887 points southward at 66,684 mark whereas Bank Nifty corrected 111 points and closed at 46,075 levels.

markets snapped their record run towards the end of last week, let down by IT stocks. In the current week, all eyes will be on the US Fed and ECB policy meetings.Investors would also take cues from various macro data that would be released. Further, banking stocks will be in focus after a slew of earnings on Saturday. «With the result season picking up pace, we expect a lot of stock-specific action and provide direction to domestic equities in the coming week,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 37.5 points, or 0.19 per cent, lower at 19,729, signaling that Dalal Street was headed for negative start on Monday.

Buy or sell stocks for today: Following weakness in Reliance and major IT stocks, Indian stock market ended lower on Friday last week. NSE Nifty lost 234 points and closed at 19,745 levels while BSE Sensex nosedived 887 points and ended at 66,684 mark. Bank Nifty index dipped 111 points and closed at 46,075 levels.

US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both. Investors will also focus on a slew of corporate earnings this week, including that of Alphabet, Meta, Intel, Microsoft, GE, AT&T, Boeing, Coca Cola, Ford, among others, in the US. In Asia, Japan’s manufacturing activity extended declines in July, as the au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to 49.4 in July from 49.8 in June.

MUMBAI : Small investors, who piled on to shares in the three years to 31 March, have turned net sellers in the June quarter despite the market rallying 14% from a March low to record highs by June-end on robust purchases by foreign portfolio investors (FPIs). Market experts attributed the selling by small investors to a combination of initial scepticism about the rally and the need to meet margin calls on loss-making derivatives positions.

₹6,000-7,000 crore in FY24/25. It is expected to announce the next phase of growth plan this year. The pace of capacity additions and ramp-ups to gain market share is crucial, as competition worries have risen following Adani Group’s entry into the sector.

Delta Corp, Balrampur Chini Mills Ltd, Indiabulls Housing Finance, Manappuram Finance, L&T Finance Holdings, and Punjab National Bank, are the six stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Best-performing Flexi Cap Mutual Funds in 3 years (till July 21, 2023): There is a wide variance between the top and low-performing flexi cap mutual fund schemes in three years. There is a gap of around 25% in the returns of the lowest and top-performing flexi cap fund in 3 years.

Nifty has immediate support at 19700 level. Index can slide up to 19500 to 19300 in next week if index moves below 19700 level. On higher side index will have stiff resistance 19850 followed by 20000.