NIFTY Financial News

Buy or sell stocks for today: Indian stock market declined for third straight session on Monday. Nifty 50 index lost 19 points and closed at 19,731 levels, BSE Sensex shed 115 points and closed at 66,166 mark while Bank Nifty index finished 62 points lower at 44,225 levels. In broad market, mid-cap and small-cap stocks managed to buck the trend and witnessed some bargain hunting ahead of festival driven demand.

BSE Sensex ended 115.81 points, or 0.17%, lower at 66,166.93, while the broader NSE Nifty 50 declined 19.30 points, or 0.10%, to settle at 19,731.75. “Overall we expect positive biasness to continue led by expectation of healthy demand during the festive season and robust earnings delivery from the majority of the corporates," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Here are key domestic and global market cues for Sensex today: Asian markets traded higher on Tuesday tracking overnight gains on Wall Street.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty to rally on Wall Street “Nifty on the weekly chart sustained above the 10 week EMA and bullish candlestick pattern was formed in the last few weeks. This is a positive indication for the near term. The short term trend of Nifty remains choppy.

₹593.66 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,184.24 crore.Global investors are also turning their attention to corporate earnings as companies begin to report quarter results.

Day trading guide for today: Following weak global market cues on Middle East tension, Indian stock market ended lower for third straight session on Monday. Nifty 50 index ended 19 points lower at 19,731 levels, BSE Sensex finished 115 points southward at 66,166 mark while Bank Nifty index corrected 62 points and closed at 44,225 levels.

«Overall we expect positive biases to continue led by expectation of healthy demand during the festive season and robust earnings delivery from the majority of the corporates,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 19815.50, signaling that Dalal Street was headed for muted start on Tuesday.

₹7,607.25 crore and bought stocks for ₹7,013.59 crore, resulting in an outflow of ₹593.66 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹6,737.67 crore and offloaded shares worth ₹5,553.43 crore, resulting in an inflow of ₹1,184.24 crore, the exchange data showed. The 30-share BSE Sensex shed 115.81 points, or 0.17%, to end at 66,166.93.

The NSE Nifty 50 index settled 0.10% lower at 19,732, and the S&P BSE Sensex fell 0.17% to 66,167. Here's how analysts read the market pulse: «The daily and hourly momentum indicators provide divergent signals and in such a scenario a consolidation appears with high probability. Contraction of the Bollinger bands also supports our sideways outlook on the Index.

₹860 apiece, valuing the stock at 4.5x on Sep’24 BVPS. Among the other stocks FIIs were bullish on in the last quarter was HDFC Bank. In Q2 FY24, FIIs increased their holdings in the bank to 52.1% from 33.4% in Q1 FY24.

Israel-Hamas war. If the war escalates further and spreads to other countries, it will shoot up crude oil prices and also deal a severe blow to the global economy which is already struggling thanks to continuous rate hikes due to a sharp rise in inflation led by the Russia-Ukraine war in the post Covid-19 pandemic world. "Top US officials warned on Sunday that the war could escalate into a wider conflict across the Middle East.

Varun Beverages Ltd. fell 0.65 per cent to Rs 922.75 in Monday's trade as of 01:34PM (IST) even as the benchmark Nifty ruled at 19753.3, up 2.25 points. The scrip had closed at Rs 928.85 in the previous session.

Pidilite Industries Ltd. traded 1.52 per cent down in Monday's trade at 01:29PM (IST). Around 82,723 shares changed hands on the counter.

Jubilant Foodworks Ltd. traded 0.99 per cent down in Monday's trade at 12:58PM (IST). Around 9,529 shares changed hands on the counter.

Shriram Finance Ltd. traded 0.26 per cent down in Monday's trade at 01:03PM (IST). Around 29,894 shares changed hands on the counter.

Laurence Balanco, Technical Analyst, CLSA, says “the Indian market in dollar terms does not look as significant as it does in local currency terms and then on a relative basis. But the key message from the longer term side is that India, both in relative terms on a dollar basis, as well as in local currency terms, is in a longer term uptrend. The longer term trend is intact and should sustain itself. It is really about picking spots where to add new longer positions.” If I look at the world right now, equities as an asset class is at a multi-month high. Now, while other markets are in and around their 52-week high, India is the only big market which is at a lifetime high. So, where does India go? It has already hit a lifetime high a couple of weeks ago? Yes, the Indian trend from a longer term side, the Nifty had that breakout that early in the year around June when it reached above the 19,000 zone was significant and we still got longer term targets of 22,800.

SRF Ltd. traded 0.11 per cent up in Monday's trade at 12:48PM (IST). Around 8,096 shares changed hands on the counter.

United Spirits Ltd. traded 0.76 per cent up in Monday's trade at 12:12PM (IST). Around 22,177 shares changed hands on the counter.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Brent crude futures, the global oil benchmark, advanced 0.11% to $90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 24.70 points or 0.04% lower at 66,258.04.

Investing.com-- Most Asian stocks retreated on Monday as concerns over the Israel-Hamas war kept risk sentiment weak, with Japan’s Nikkei index leading losses amid jitters before key inflation data this week. 

Benchmark NSE Nifty index fell 1.5 points to 19749.55 amid selling in frontline bluechip stocks. However, stocks such as Delta Corp, Gangotri Text, SS Infrastructure, SEL Manufact and Lakshmi Finance, touched their fresh 52-week low.

Forex traders said falling domestic inflation, rise in industrial production figures and improvement in trade deficit aided the local unit. However, geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.24, registering a gain of 6 paise over its previous close. On Friday, the rupee fell 6 paise to settle at 83.30 against the US dollar. «For now, a mild risk-off stance supports USD demand, but positive economic data and RBI intervention maintain the rupee's range between 83.05 and 83.30. The situation remains delicate, with the potential for rapid shifts in response to geopolitical developments,» CR Forex Advisors MD-Amit Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 106.53. Brent crude futures, the global oil benchmark, advanced 0.11 per cent to USD 90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 161.12 points or 0.24 per cent lower at 66,121.62.