NIFTY Financial News

23.07 / 07:25

Target Strategy NIFTY Support Nifty F&O Outlook: Buying support near 19,600, uptrend will resume, says ICICIdirect

Strategy PositionsBuy 27th July Nifty 19800 Call at 105-110 & Sell 27th July 20000 Call at 38-40, Stop Loss: 5; Target: 128, Time Frame: till expiry.RationaleFII unabated buying support helped Nifty to almost test 20000 levels last week. Despite weaker-than-expected results from technology heavyweight Infosys, Nifty gained for the 4th consecutive week with gains of nearly 1%. Going ahead, we believe that ongoing positive bias should continue with elevated Nifty support near 19600 levels for the targets beyond 20000 levels in the expiry week.

23.07 / 06:23

Provident Target NIFTY star week Sterling & Wilson Renewable Energy shares rally 27% in 1 week. What should traders do now?

“The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there is a possibility that the stock may continue to move higher. Traders and investors might look for potential price targets around Rs 400 or even Rs 430 levels as the stock continues its upward trajectory,” Shah says.

23.07 / 04:33

UPS DOW COMPOSITE NIFTY track week Fed meeting, Q1 earnings among top 10 factors to dictate Dalal Street mood this week

«Nifty fell sharply on July 21 after a six-day winning streak, following disappointing results/guidance from IT companies, including Infosys. It fell at the fastest pace in about 18 weeks. At close, Nifty was down 1.17% or 234.2 points at 19745.

23.07 / 01:05

NIFTY show star Stocks to Buy: Here's why BEML and Gail India are short-term buys

Nifty faced a downturn from it's all-time high as tech stocks plummeted due to Infosys' disappointing revenue guidance. Additionally, investors chose to stay cautious before quarterly results from big boys like Reliance Industries and ICICI Bank. A crucial support level for the Nifty lies at 19,700, marked by significant put writing.

23.07 / 01:05

UPS IPO FIVE NIFTY week Q1 results, US Fed policy, FII flows and more: Key triggers for stock markets this week

Nifty snapped their six-day winning streak on Friday, July 21, dragged by strong losses in index heavyweights including Infosys, Reliance Industries, TCS and Hindustan Unilever (HUL). Shares of Infosys and HUL fell a day after their June quarter results while those of Reliance Industries declined ahead of its Q1FY24 earnings. Infosys shares suffered strong losses after the IT behemoth reported its weakest June quarter revenue growth since FY21 and sharply trimmed its FY24 revenue guidance to 1-3.5 per cent, down from 4-7 per cent. Investors were spooked by a significant downward revision in the company's revenue guidance, leading to a sharp selloff in the stock.

22.07 / 16:35

Lowe's NIFTY SENSEX show track Indian FPIs extend buying streak in Indian equities, infuse ₹43,804 crore in July so far; check details

₹43,804 crore in July so far, showed NSDL data. FPIs have infused a massive ₹43,131 crore in Indian markets so far this month, taking into account debt, hybrid, debt-VRR, and equities, according to exchange data. FPIs are likely on the path of recording the fifth monthly buying in the Indian market in a row.

22.07 / 14:17

Provident FIVE ETF Strategy NIFTY track prudential New ETF alert: ICICI Prudential Nifty 200 Quality 30 ETF launched. Details here

ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty 200 Quality 30 ETF. The offering aims to provide returns that correspond to the returns provided by Nifty 200 Quality 30 Index, subject to tracking errors.

22.07 / 11:43

NIFTY VIX show performer stage Inside week Dalal Street Week Ahead: Nifty may trade rangebound; adopt stock-specific approach

Nifty staged a major breakout by crossing above the previous high point of 18,887. This time, it was the fourth week in a row when the market extended its gains. This has also led to the market closing at its fresh record lifetime highs as well.

22.07 / 08:57

UPS Lowe's Ball NIFTY performer Unlock your trading success by using a simple formula

how you can unlock trading success by measuring it. Today, let us understand the right way to measure and evaluate your trades. Every trader or investor must know these three things:

22.07 / 05:57

Provident NIFTY SENSEX MSCI performer track pricing index 9% dip in India index is due to incorrect security pricing, MSCI claims

Nifty 50 index and other key benchmark indices on Dalal Street, MSCI Indian index fell to the tune of 9 per cent during mid-session of Friday deals, that sparked attention of market observers and investors. However, the global index provider Morgan Stanley Capital International or MSCI claimed that the 9 per cent dip in India index was due to the incorrect security pricing during stock market's opening.

22.07 / 04:35

Target Booking NIFTY SENSEX band week Buy or sell: Sumeet Bagadia recommends three stocks to buy next week. Should you buy?

Buy or sell stocks: Following weakness in global market cues due to sell off in technology stocks, Indian stock market snapped its six days winning streak and ended in red zone on Friday. NSE Nifty lost 234 points and closed at 19,745 levels while BSE Sensex nosedived 887 points and closed at 66,684 mark. Bank Nifty index descended 111 points and closed at 46,075 mark.

21.07 / 18:29

COST UPS Progressive NIFTY UltraTech’s Q1 net rises 6.6% as infra demand up

MUMBAI : Despite rising raw material prices and energy costs, Aditya Birla Group-owned UltraTech Cement Ltd, on Friday, reported a 6.6% jump in consolidated net profit to ₹1,688.45 crore for the first quarter of FY24 as compared to ₹1,584.08 crore a year ago. The profit beats Bloomberg analysts’ estimate at ₹1,615.3 crore for the country’s largest cement-maker. During April-June, the company’s revenue from operations increased by 17% y-o-y to ₹17,737 crore against ₹15,163.98 crore in Q1 FY23.

21.07 / 18:29

COST UPS Booking NIFTY SENSEX Investor wealth drops ₹2 tn; RIL, Infosys, HUL lead losses

MUMBAI : Equity benchmarks fell the most in four months on Friday, as investors booked profits in heavyweight Reliance Industries Ltd ahead of its earnings release, and sold off shares of Infosys Ltd and Hindustan Unilever Ltd that posted weak earnings the previous day. The Nifty 50 fell 1.17%, or 234.15 points, to 19745 points, while the Sensex corrected by 1.31% or 887.64 points to 66,684.26 points. The fall would have been steeper had it not been for banks, which bucked the trend with the 12-member Bank Nifty hitting a fresh 52-week high of 46369.50.

21.07 / 13:53

UPS NIFTY TCS SENSEX performer end FII DII: Markets end lower as investors take profits; FIIs continue to buy, details here

₹3,370.90 crore in the purchase of shares, while domestic institutional investors (DIIs) sold shares for a net total of ₹193.02 crore. FIIs purchased shares worth a net of 19,696.66 crore rupees for the month up to July 21, while DIIs sold shares worth a net of 10,196.92 crore rupees. As investors took profits, the domestic equities barometers crashed on Friday, snapping a six-day winning trend.

21.07 / 13:49

UPS Assurant NIFTY show track Returns Top 10 mutual funds for Section 80C deduction with 27% to 42% SIP returns in 3 years

Top-performing Tax Saving Mutual Funds in 3 years (till July 20, 2023): Investments up to Rs 1.5 lakh per year in an Equity-Linked Savings Scheme (ELSS) qualify for deduction under Section 80C of the Income Tax Act. These schemes are also known as tax-saving mutual funds.

21.07 / 13:49

UPS Provident Assurant NIFTY NFO alert: UTI Balanced Advantage Fund – What is it and who should invest?

UTI Mutual Fund has launched UTI Balanced Advantage Fund, which is an open-ended dynamic asset allocation fund. The fund will be investing in a diversified portfolio of equity and fixed income. The portfolio of the scheme will be dynamically managed based on valuation and fundamental driven in-house proprietary asset allocation model, the AMC said in a statement.

21.07 / 13:07

Lowe's CEO NIFTY VIX week Support Tech View: Nifty support shifts to 19,700. What traders should do next week

Taparia of Motilal Oswal. India VIX was down by 2.50% from 11.78 to 11.48 levels. Volatility cooled off from its highs but is overall trading at its record low zones.

21.07 / 12:13

Lowe's NIFTY SENSEX Vodafone AGRO index Stock market update: Nifty Bank index falls 0.24%

Shares of Bandhan Bank(up 3.0 per cent), IDFCBANK(up 1.78 per cent), State Bank of India(up 0.83 per cent), Kotak Mahindra Bank(up 0.68 per cent) and ICICI Bank(up 0.14 per cent) ended the day as top gainers in the pack. On the other hand, Federal Bank(down 1.97 per cent), Punjab National Bank(down 1.96 per cent), IndusInd Bank(down 1.25 per cent), Bank of Baroda(down 1.23 per cent) and HDFC Bank(down 0.77 per cent) finished as the top losers of the day.

21.07 / 11:35

NIFTY SENSEX Share market update: Most active stocks of the day in terms of traded value

The NSE Nifty index ended the session 234.15 points down at 19745.0, while BSE Sensex fell 887.64 points to 66684.26. In the Nifty index, Larsen & Toubro Ltd.(up 3.88 per cent), Oil And Natural Gas Corporation Ltd.(up 2.00 per cent), NTPC Ltd.(up 1.14 per cent), State Bank of India(up 0.83 per cent) and Bharat Petroleum Corporation Ltd.(up 0.70 per cent) stood among the top gainers.

21.07 / 11:35

UPS NIFTY SENSEX Vodafone index Stock market update: Nifty Auto index advances 0.09%

Shares of Ashok Leyland(up 3.5 per cent), TIINDIA(up 1.72 per cent), Sona BLW Precision Forgings(up 1.54 per cent), Tata Motors(up 0.66 per cent) and Hero MotoCorp(up 0.48 per cent) ended the day as top gainers in the pack. On the other hand, Mahindra & Mahindra(down 1.41 per cent), Bosch(down 0.79 per cent), TVS Motor Company(down 0.16 per cent), Bajaj Auto(down 0.12 per cent) and Eicher Motors(down 0.05 per cent) finished as the top losers of the day.

21.07 / 11:17

NIFTY TCS SENSEX show performer Top gainers, losers today: Tata Motors, SBI, Kotak Mahindra Bank, Infosys, Wipro; check full list

Nifty snapped their six-day winning streak on strong losses in index heavyweights including Infosys, Reliance Industries, TCS and Hindustan Unilever (HUL) on Friday, July 21. Investors were spooked by a significant downward revision in Infosys' revenue guidance, leading to a sharp selloff in the stock after the IT major reported its weakest June quarter revenue growth since FY21. The Nifty IT index fell by four per cent, with nine stocks showing losses, while only one stock, Mphasis, managed to remain in the green, recording a gain of 4.95 per cent. Shares of Reliance Industries declined as Street is expecting a softer set of numbers due to the subdued performance of the O2C (oil to chemicals) segment.

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