NIFTY Financial News

18.07 / 10:47

Waves Lowe's NIFTY SENSEX Nikkei Gains in IT stocks drive Sensex 205 pts higher to record close; Nifty near 19,750

Sensex zoomed past the 67,000 mark for the first time. Nifty, which ended at 19,749, touched a fresh high at 19,819. By ending 3.7% higher, Infosys was the top gainer in the Nifty50 pack, followed by Asian Paints, HCL Tech and Reliance Industries.

18.07 / 10:25

Lowe's Reuters Booking NIFTY SENSEX Market wrap: Sensex, Nifty hit record highs on gains led by RIL, Infosys; mid, smallcaps underperform

Nifty extended their winning streak into the fifth consecutive session, settling at their fresh closing peaks on Tuesday (July 18) amid positive global cues while the dollar traded near its one-year low level. “World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for US retail sales data and earnings," reported Reuters. The US retail sales and industrial production data is expected later today which could influence the Federal Reserve's monetary policy stance. The US Fed, European Central Bank and Bank of Japan will hold their policy meetings next week.

18.07 / 08:45

NIFTY Discover SENSEX jio financial inclusion open Financial Jio Financial Services’ temporary inclusion in Nifty 50 and special pre-open for RIL stock: How it will work

Reliance Industries Ltd’s demerged entity Jio Financial Services will temporarily enter the blue-chip indices NSE Nifty 50 and BSE Sensex on 20 July. NSE will conduct a special pre-open auction session for the Mukesh Ambani-led RIL stock, following the financial services arm spin-off, to determine RIL stock price without the demerged unit. Jio Financial Services will also join 18 other NSE indices such Nifty 100, Nifty 200, Nifty 500, Nifty Energy, and Nifty Oil & Gas until it is listed on the bourses for trading.

18.07 / 08:35

Target FIVE NIFTY 5 reasons why Dharmesh Shah is bullish on the market

«We remain to be positive for the market. And we believe we are in a structural bull market. And inside the structure of the bull market, we believe things should get better and better going forward,» says Dharmesh Shah, ICICI Securities.What are your long-term charts telling you?We remain to be positive for the market.

18.07 / 08:35

Lowe's NIFTY fall Chola Inv Finance shares fall 1.62% as Nifty gains

Cholamandalam Investment & Finance Company Ltd. slipped 1.62 per cent to Rs 1145.65 in Tuesday's trade. It hit a high of Rs 1174.95 and low of Rs 1134.7 during the session.

18.07 / 08:27

UPS FIVE Gap NIFTY week Financial Stock market today: PNB to ICICI Bank — these 5 financial stocks hit 52-week high. Do you own any of them?

Stock market today: Despite Bank Nifty index losing over 100 points during Tuesday deals, some banking and financial stocks have attracted buying interest of Dalal Street bulls and have hit a new 52-week high. Shares of Punjab National Bank (PNB), ICICI Bank, Suryoday Small Finance Bank, Can Fin Homes and Ujjivan Financial Services are one of them. These fie financial shares have hit a new 52-week high today despite selling pressure at Bank Nifty today.

18.07 / 08:13

UPS Provident Target Booking NIFTY TCS Time Jay Thakkar on why time is right to go for Wipro and ICICI Bank

Jay Thakkar, Vice President & Head of Alternate Research, Sharekhan, says that in the case of Wipro,“the momentum indicators on the weekly and daily charts have come into the buy mode very clearly. So Rs 435 would be my target on Wipro, Rs 404 will be the stop-loss. The risk reward is absolutely in favour of the bulls.”In the last 15-20 minutes of trade, most of the indices have reversed. Are we witnessing some reasonable correction or will this be a shallow one?As far as the Nifty is concerned, for this weekly expiry, the range can be 19,800 to 19,500.

18.07 / 08:13

UPS Lowe's Booking NIFTY fall United Spirits shares fall 1.37 per cent in Tuesday's trading session

United Spirits Ltd. fell 1.37 per cent to Rs 958.3 in Tuesday's trade as of 01:27PM (IST) even as the benchmark Nifty ruled at 19737.15, up 25.7 points. The scrip had closed at Rs 971.6 in the previous session.

18.07 / 08:13

UPS Lowe's Booking NIFTY fall ACC shares fall 0.92 per cent in Tuesday's trading session

ACC Ltd. fell 0.92 per cent to Rs 1794.95 in Tuesday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 19721.35, up 9.9 points. The scrip had closed at Rs 1811.45 in the previous session.

18.07 / 07:57

UPS Lowe's NIFTY share price Share price of Godrej Consumer falls as Nifty strengthens

Godrej Consumer Products Ltd. slipped 1.97 per cent to Rs 1039.65 in Tuesday's trade as of 01:17PM (IST). The stock hit a high price of Rs 1063.0 and low of Rs 1038.9 during the session.

18.07 / 07:15

UPS NIFTY SENSEX For risk takers: 4 midcap stocks which have seen an improvement in score can rise up to 29%

As Nifty and Sensex continue to move upward and form new highs, bulls are taking control of more sectors. Even the internal breadth of sectoral indices are on the positive side on most of the day.

18.07 / 05:45

NIFTY LTIMindtree investors need to brace for slower-than-expected revival

LTIMindtree's revenue growth recovery has been slower than anticipated due to delayed deal closures, slower project ramp-ups, and changes in the deal mix. “We lower FY24-26E earnings per share by 0.2-1.2%, factoring-in the Q1 performance and the anticipated slower recovery," added the Emkay report. Also, this sluggish start to the financial year raises concerns about the company's ambition to achieve double-digit revenue growth.

18.07 / 05:09

UPS AXY NIFTY SENSEX Stock market update: Sugar stocks down as market rises

DCM Shriram Industries(up 4.47%), Rajshree Sugars & Chemicals(up 3.75%), MAGADHSUGAR(up 1.27%), Bannari Amman Sugars(up 0.71%), Dhampur Sugar Mills(up 0.41%), Kothari Sugars & Chemicals(up 0.34%), Ponni Sugars(Erode)(up 0.22%), KCP Sugar & Industries(up 0.20%), K.M.Sugar Mills(up 0.19%) and Ugar Sugar Works(up 0.04%) were among the top gainers. Sakthi Sugars(down 0.61%), BAJAJHIND(down 0.58%), Triveni Engineering & Industries(down 0.47%), Dalmia Bharat Sugar & Industries(down 0.45%), Rana Sugars(down 0.42%), Balrampur Chini Mills(down 0.36%), Vishwaraj Sugar Industries(down 0.31%), Uttam Sugar Mills(down 0.22%), AVADHSUGAR(down 0.22%) and Simbhaoli Sugars(down 0.21%) were among the top losers.

18.07 / 05:09

Target NIFTY fall LTIMindtree shares fall 3%. How to trade latest Nifty entrant after Q1 report card?

LTIMindtree shares fell over 3% in Tuesday's trade and the latest Nifty entrant was the top loser in the 50-pack index after the company reported lower-than-estimated June quarter results. Following the earnings, JP Morgan remained 'Underweight' on the stock while Jefferies has an 'Underperform' rating on the counter. Kotak Institutional Equities recommended 'Reduce' while Motilal Oswal took a 'Neutral' stance.

18.07 / 04:55

COST Lowe's ETF NIFTY SENSEX open Mutual Fund news: DSP MF launches three open-ended exchange-traded funds (ETFs). Details here

Mutual Fund announced the launch of three open-ended exchange-traded funds (ETFs) DSP S&P BSE Sensex ETF, DSP Nifty Private Bank ETF, and DSP Nifty PSU Bank ETF. These ETFs offer investors opportunities to invest in the Indian markets, private sector banks, and PSU banks respectively.

18.07 / 04:09

Provident Reuters NIFTY SENSEX Rupee opens 5 paise higher at 81.99 against the US dollar

US Federal Reserve is nearing the end of its interest rate-hiking cycle. The Fed is expected to raise rates one last time next week by 25 bps, followed by a long pause, Reuters reported. Asian currencies were higher during the day, while equities were mostly lower despite the positive session for their US peers.

18.07 / 03:15

UPS Target Action NIFTY SENSEX Big Movers on D-Street: What should investors do with HDFC Bank and Just Dial?

The Sensex jumped 529 points to settle at its new all-time closing high of 66,589, while the broader Nifty rose 146 points to end at a new record high of 19,711. Stocks that were in focus include names like HDFC Bank, which rose 2% and Just Dial, whose shares fell 4.28% on Monday.Here's what Riches Vanara, Technical and Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today:HDFC Bank — BuyThe banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern.

18.07 / 03:15

UPS Lowe's FIVE CEO NIFTY prudential Best to take a multi-asset approach, says Naren of ICICI Prudential Mutual Fund

A category which invests across equity, fixed income, REITs, gold, international equity and commodities, multi-asset funds have added 300,000 folios in the last one year, and assets under management of these schemes have moved up 55% from ₹20,400 crore to ₹31,600 crore. «India presents a unique and compelling growth story for the coming decade, powered by strong fundamentals and several ongoing structural reforms. As a result, the Indian market valuations are high compared to several other markets,» said S Naren, chief investment officer at ICICI Prudential Mutual Fund.

18.07 / 02:21

Target NIFTY Limelight SENSEX PRU Day trading guide for today: Six stocks to buy or sell on Tuesday — July 18

Day trading guide for today: On account of strong global cues, Indian stock market finished on a higher note on Monday. Out of three key benchmark indices, BSE Sensex and NSE Nifty climbed to a new peak on the previous session, which improved the market sentiments further.

18.07 / 02:21

NIFTY SENSEX tracking Updates open Share Market Live Updates: Sensex, Nifty may open flat tracking Gift Nifty; RIL, LTI Mindtree in focus

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18.07 / 01:59

BLOCK Enterprise NIFTY PRU Stocks in news: Sheela Foam, LTIMindtree, IndusInd Bank, ICICI Pru Life, Patanjali Foods

Nifty futures traded 1.5 points, or 0.01 per cent, lower at 19,778, signaling that Dalal Street was headed for a muted start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.Sheela FoamSheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.LTIMindtreeLTIMindtree has reported consolidated net profit of Rs 1,151 crore for the quarter ended June, which is higher by 4% year-on-year.Read more: What changed the market while you were sleepingTata ElxsiTata Elxsi has posted a meagre 2% rise in net profit at Rs 189 crore for the first quarter ended June.

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