NIFTY Financial News

The NSE Nifty index was trading 4.75 points up at 19755.8, while BSE Sensex was down 26.2 points at 66256.54 at the time of writing this report. In the Nifty index, Coal India Ltd.(up 1.43 per cent), HCL Technologies Ltd.(up 1.43 per cent), LTIMindtree Ltd.(up 1.36 per cent), Hero MotoCorp Ltd.(up 1.34 per cent) and Oil And Natural Gas Corporation Ltd.(up 1.33 per cent) were among the top gainers.

NEW DELHI: As investors remain worried over the impact of merger, HDFC Bank shares have been underperforming with an 8% drop in the last one month. Ahead of the release of its Q2 earnings today, Anand James, Chief Market Strategist at Geojit Financial Services, says the present set-up doesn't convince a sustainable recovery. “Towards this end, we eye the prospects of rejection trades emerging this week, unless there is a close above Rs 1575/1612,” he says. Edited excerpts: Nifty saw some buying at lower levels last week. What would be your strategy going ahead as IT stocks are likely to see more downside pressure? Barring Infosys, IT stocks like TCS, HCL Tech and Tech Mahindra, which together form 11% of Nifty, seems to have found a base around their respective rising trendline supports hinting a bounce back. Towards this end, we do not expect IT stocks to be slowing down Nifty, but banks might.

GAIL (India) Ltd. gained 1.4 per cent to Rs 130.0 in Monday's trade. It hit a high of Rs 130.2 and low of Rs 128.25 during the session.

ICICI Lombard General Insurance Company Ltd. traded 1.34 per cent up in Monday's trade at 10:05AM (IST). Around 1,695 shares changed hands on the counter.

LTIMindtree Ltd. traded 1.43 per cent up at Rs 5169.9 on Monday at around 10:00AM (IST), while the benchmark BSE Sensex declined 105.36 points to 66177.38. As many as 4,981 shares changed hands on the counter with a total value of Rs 2.56 crore.

Domestic benchmark index NSE Nifty fell 17.45 points to 19733.6, while the BSE Sensex traded 99.01 points down at 66183.73. On the other hand, Tantia Const, Prakash Pipes, MSTC Ltd., Landmark Prop and Jai Corp stocks hit their fresh 52-week highs today.

KCP Sugar & Industries(up 4.99%), BAJAJHIND(up 3.48%), Mawana Sugars(up 3.05%), Dalmia Bharat Sugar & Industries(up 3.02%), Dwarikesh Sugar Industries(up 2.78%), MAGADHSUGAR(up 2.74%), AVADHSUGAR(up 2.69%), Uttam Sugar Mills(up 2.51%), Simbhaoli Sugars(up 2.44%) and Sakthi Sugars(up 2.44%) were among the top gainers. were among the top losers.

₹16,000 crores through regular systematic investment plan (SIP) investments. Statistics also underscore more investors taking an active interest in thematic or sectoral funds owing to their competitive returns. Considering how investing in these funds involves a lot of risk, numbers suggest the growing risk-averse nature of investors amidst growing optimism regarding the performance of the Indian stock market.

Indian markets are likely to open on a positive no... moreIndian markets are likely to open on a positive note on Monday despite caution in global peers ahead of China's Q3 GDP numbers, due later this week.

“Though macro parameters such as BEER ratio or M-Cap-to-GDP ratio looks expensive, Indian market is supported by domestic savings getting channelized through MF SIPs, along with corporate profitability which has been steadily improving,” says Rakesh Parekh, MD and Co-Head, Portfolio Management Services, JM Financial Ltd. In an interview with ETMarkets, Parekh said: “We expect domestic facing sectors to outperform relatively in terms of earnings growth led to a large extent by the capital goods sector and Railways” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Rising US yields, persisting China slowdown, and elevated crude oil prices amidst geopolitical uncertainties, especially the latest developments in the Middle East are key headwinds facing equity markets in the short term.

Also Read: 6 things that changed for the stock market over the weekend - Gift Nifty to falling US consumer sentiment Here’s what to expect from Nifty and Bank Nifty today: On the weekly chart, Nifty formed a long bull candle at the lows, post hammer candle pattern of last week. “The bulls were able to protect the level of 19600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600.

Buy or sell stocks for today: Following weak global market cues, Indian stock market finished lower on Friday last week. Nifty 50 index lost 42 points and closed at 19,751 levels, BSE Sensex shed 125 points and closed at 66,282 mark whereas Bank Nifty index corrected 311 points and closed at 44,287 levels.

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Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

Analysts expect markets to remain range-bound for next week, as they will take further cues from a surge in crude oil prices, the Israel conflict, banks' quarterly results. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 25 points, or 0.13 per cent, at 19725.50, signaling that Dalal Street was headed for positive start on Monday.

Nifty companies — TCS and HCL Tech — will trade ex-dividend this week with respect to the interim dividends announced along with their second-quarter results. The board of TCS had approved a second interim dividend of Rs 9 per share for the financial year ending 2024. The record date for the second interim dividend is fixed as October 19 and the stock will trade ex-dividend on the same date. Shares of companies usually trade ex-dividend on the day or a day before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment.

Indian Stock Market: The bulls were able to protect the level of 19,600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600. Only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy on dips strategy to favour the market.

Also Read: These 50 smallcap stocks log double-digit rise as Sensex settles marginally higher on volatile week; do you own? "The rebound from the sluggish start, propelled by positive expectations on Q2 earnings and moderation in global bond yield despite concerns over the Middle East conflict continues to hover. The release of higher-than-anticipated US inflation data and resulting increase in treasury yields marginally offset the positive trend by the end of the week,'' said Vinod Nair, Head of Research at Geojit Financial Services. Domestic benchmark equity indices slipped into the negative territory in the previous session despite some intraday recoveries.

Also Read: Dividend Stocks: TCS, HCL Tech, Glenmark Life Sciences, others to trade ex-dividend next week; check full list Nifty 50 lost 42.95 points to settle at 19,751.05. The Sensex falls 125.65 points to close at 66,282.74.

₹9,784 crore worth of Indian equities and offloaded a total of ₹5,867 crore as of October 13, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹9,784 crore-figure also includes bulk deals and investment in primary market. According to NSDL data, FPIs sold equity for ₹13,652 crore through the stock exchanges till Friday.

In a high-interest rate environment, investing in corporate bonds or non-convertible debentures (NCDs) or government bonds (also called G-sec or sovereign bonds) with good yield and credit rating can be a smart move.