NIFTY Financial News

SRF Ltd. gained 0.95 per cent to Rs 2194.3 in Friday's trade as of 11:17AM (IST).

Synoptics Technologi, Bohra Industries, Aartech Solonics and Goldstar Power and others were among the stocks that touched their 52-week lows as of 11:06AM(IST)in Friday's session. Domestic benchmark index NSE Nifty gained 44.25 points to 19458.0, while the BSE Sensex traded 142.8 points up at 65701.69.

Sikko Industries(up 2.33%), Rama Phosphates(up 2.22%), Mangalore Chemicals & Fertilizers(up 1.91%), Madras Fertlizers(up 1.60%), ZUARIAGRO(up 1.25%), Nagarjuna Fertilizers & Chem(up 1.08%), Aries Agro(up 0.55%), Deepak Fertilizers & Petrochemicals(up 0.37%), Gujarat Narmada Valley Fertilizers (up 0.27%) and Agro Phos(up 0.15%) were among the top gainers. Bohra Industries(down 4.99%), Coromandel International(down 1.03%), Paradeep Phosphates(down 0.78%), Southern Petrochemicals Industries(down 0.44%), National Fertilizer(down 0.42%), Chambal Fertilisers & Chemicals(down 0.19%), Madhya Bharat Agro Products(down 0.19%), G S F C(down 0.15%) and KRISHANA(down 0.03%) were among the top losers.

Alstom T&D India(up 4.71%), Voltamp Transformers(up 2.37%), Karma Energy(up 2.07%), Gujarat Industries Power(up 1.95%), Hitachi Energy India(up 1.91%), JSW Energy(up 1.87%), KEC International(up 1.45%), DPSC(up 1.27%), Inox wind(up 1.08%) and Inox Wind Energy(up 1.04%) were among the top gainers. RTNPOWER(down 6.32%), NLC India(down 1.51%), Power Grid Corporation of India(down 1.21%), Jyoti Structures(down 1.16%), Tata Power Company(down 1.08%), Orient Green Power Company(down 0.93%), NHPC(down 0.87%), Adani Transmissions(down 0.72%), KPI Green Energy(down 0.70%) and NTPC(down 0.61%) were among the top losers.

macroeconomic conditions. According to the brokerage firm, Nifty’s lifetime highs have reinforced the uptrend. “We reiterate structural bullish stance with Nifty target of 21,000 over 6-9 months, with strong support at 18,200," ICICI Direct said in a report.

It was a day of consolidation for the markets once again. The NIFTY ended the day with gains but came off significantly from the high point of the day.

US Federal Reserve could pause rate hikes this month, Indian equity indices opened higher on Friday after hitting record highs in the previous session, led by IT, banking, and financial stocks. The BSE Sensex was trading 304 points or 0.46% higher at 65,862, while Nifty50 was trading at 19,503, up 90 points or 0.46% at around 9.17 am.

Investing.com-- Most Asian stocks rose further on Friday, capping off a positive week on signs of cooling U.S. inflation, with focus now turning to upcoming data offering more cues on the Chinese economy. 

inflation data raised hopes that the Federal Reserve was close to the end of its rate hike cycle. The dollar index, which measures the US currency against six major rivals, was down to 99.64, the lowest since April 2022.

Day trading guide for today: On account of strong global market sentiments, Indian stock market finished higher on Thursday session, 50-stock index Nifty added 29 points and ended at 19,413 levels while 30-stock index BSE Sensex gained 164 points and closed at 65,558 mark. Bank Nifty went up 25 points and closed at 44,665 levels.

equity market is likely to open higher tracking gains in global peers as cooling inflation in the US raised bets that the Federal Reserve will soon end its monetary policy tightening cycle. Trends on GIFT Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading at 19,550.00 level as compared to Nifty’s previous close of 19,413.

Bank NiftyBANK NIFTY continued to underperform the broader markets with sharp profit booking in PSU bank index as it made a double top near 4500 levels.The weekly candle has turned negative and the positive momentum will be above 45,000 levels only and lower top confirms further weakness.On the downside support is placed near the 20 day SMA of 44,350 levels and can witness some bounce from the lower part of the range.Highest call OI is at 45000 strike while on the downside the highest put OI is at 44,500 for the weekly expiry.Wipro Ltd reported a dollar revenue decline of 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd posted tepid numbers earlier, stoking growth concerns in India’s $245 billion IT services industry this fiscal year.Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

Buy or sell stocks for today: Following strong global cues from US stock market, Indian stock market finished higher on Thursday session. NSE Nifty ended 29 points higher at 19,413 while BSE Sensex gained 164 points and closed at 65,558 levels. Bank Nifty finished 25 points higher at 44,665 levels.

inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. In the US, data showed the producer price index climbed 0.1% in June, its smallest year-on-year gain since August 2020 and followed a 0.9% increase in May. A separate report showed initial claims for state jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight.

«With the start of earnings season, the market is likely to witness more stock specific action. In the near term, it may remain in consolidation mode though the undertone remains positive on the back of strong FII inflows, robust domestic macro-micro factors and expectation of normal monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19250 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,543, signaling that Dalal Street was headed for negative start on Friday.

inflation report amid hopes the Federal Reserve could rein in prices without pushing the economy into recession. Leading equity benchmarks surged 1% in Thursday's trading amid a global 'risk-on' rally, with the Sensex crossing 66,000 for the first time and the Nifty rising past 19,550. However, a sell-off in the last hour of trade saw indices pare most of their gains after hotter-than-expected domestic inflation got local investors anxious.

Nifty 50 index has the potential to touch 21,000 over the next six to nine months, said ICICI Direct. The domestic brokerage believes the Nifty's lifetime highs have reinforced the uptrend in Indian equities and expects Indian equities to outperform other emerging and developed markets over the next few years.

₹3454.98 crore, surpassing ICICI Bank and Reliance Industries Ltd. On a day of high market volatility, with the Nifty fluctuating 181 points, the HDFC Bank stock ended 0.5% higher at ₹1641.10 apiece. So far in 2023, the HDFC Bank stock underperformed its peers and the 12- member Bank Nifty index, but analysts said it is likely to narrow the gap following its earnings call with investors as well as analysts.

₹970 apiece in the initial hours on Thursday, but lost momentum during afternoon trade. Adani Green, with a market capitalization of ₹1.51 trillion, has increased capacity utilization factor for its solar energy business by 40 bps from a year ago to 26.9% in the April-June period, backed by 99.7% plant availability, it added. Following allegation of fraud and market price manipulation by American short-seller Hindenberg Research on 24 January, Adani group stocks went on a tailspin in January-February.

Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the seven stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday.

real estate stocks rose, but PSU banks and media stocks fell. Global equities climbed as US consumer inflation data came in lower than expected, raising hopes that the US Federal Reserve may postpone hiking interest rates. The S&P BSE Sensex increased 164.99 points, or 0.25%, to 65,558.89.