NIFTY Financial News

Ashok Leyland Ltd. traded 1.38 per cent up in Wednesday's trade at 10:15AM (IST). Around 519,653 shares changed hands on the counter.

Wipro(up 0.18 per cent) were among the top gainers. Coforge(down 1.53 per cent), Infosys(down 0.97 per cent), LTIMindtree Ltd(down 0.68 per cent), MPhasis(down 0.52 per cent) and Tech Mahindra(down 0.43 per cent) were the top losers on the index.

The NSE Nifty index traded 37.2 points up at 19476.6, while BSE Sensex was up 127.67 points at 65745.51 as of 10:09AM(IST)on July 12. In the Nifty index, Oil And Natural Gas Corporation Ltd.(up 2.28 per cent), Housing Development Finance Corporation Ltd.(up 1.04 per cent), HDFC Bank Ltd.(up 1.03 per cent), Kotak Mahindra Bank Ltd.(up 1.00 per cent) and Titan Company Ltd.(up 0.94 per cent) were among the top gainers.

Biocon(up 2.38 per cent), Glenmark Pharmaceuticals(up 1.68 per cent), Lupin(up 1.21 per cent), Zydus Lifesciences(up 0.86 per cent) and Aurobindo Pharma(up 0.86 per cent) were among the top gainers. Torrent Pharmaceuticals(down 0.6 per cent), Gland Pharma(down 0.6 per cent), Divis Laboratories(down 0.43 per cent), Abbott India(down 0.41 per cent) and Ipca Laboratories(down 0.3 per cent) were the top losers on the index.

Housing Development Finance Corporation (HDFC) launched its initial public offering of shares with a face value of Rs 100 each, the issue was undersubscribed and the stock also listed below its issue price. But today, HDFC is among the top 10 most valuable companies in India. From a mere Rs 7 somewhere in 1992, the value has skyrocketed in over 3 decades to become a four-digit stock.

Gains were led by financials, FMCG, and metal stocks with ONGC, Titan, and JSW Steel being the top Nifty gainers. Following the imposition of 28% GST on online gaming and casinos, shares of Nazara Technologies were trading 6% lower while those of Delta Corp slumped 10%. IT giants TCS and HCL Tech will announce their June quarter numbers post-market hours.

equity market is expected to open on a cautious note Wednesday following mixed trends in Asian peers as investors remain watchful of key inflation data in the US and India to be released later today. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark indices as the Nifty futures were trading 8 points, or 0.04%, lower at 19,529 level. Market will take cues from the corporate earnings for the June quarter with the IT majors Tata Consultancy Services (TCS) and HCL Technologies to release their Q1FY24 results later during the day.

₹1,197 crore. However, DIIs showed dull demand for domestic equities.U.S. stocks rose on Tuesday, helped by optimism ahead of key inflation reports.

inflation data from India and the US to be released later today. US stock futures were little changed in early Asian trade, while Japanese and South Korean markets fell. Investors await the inflation data for further cues on the outlook for interest rates in the US and India.

TCS and HCL Tech, which are set to announce their results later today. «Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving 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 19300 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 9 points, or 0.05 per cent, lower at 19,528, signaling that Dalal Street was headed for muted start on Wednesday.

«So, I think the recent breakout was genuine and I do believe that the banks can lead the market higher from current levels. In fact, our working target on the Bank Nifty is about 47,500 to 48,000,» says Gautam Shah, Goldilocks Premium.What happens to banks now? In the pure play banking space can HDFC Bank now do the magic considering it is a behemoth and a combined entity soon or do you think there is any other banking stock which is going to show leadership?See, a month back, there was this concern that the Nifty was going up and banks were not participating. Remember that six-week period wherein the Bank Nifty was absolutely flat and thereafter, once that 44,000 number got taken out and the way some of these top banks including HDFC Bank which just rebounded from the 200-day exponential moving average, it told you that it was just a resting phase before the next move up.

IT company, is entering the Nifty on Thursday, replacing HDFC on the benchmark index. According to Nuvama Alternative Research, LTIMindtree could see an inflow of about $155 million (₹1,275 crore) from passive funds like exchange traded funds (ETFs) and index funds due to inclusion in the index on July 13.

Buy or sell stocks today: Indian market will be dictated by the Q1 earnings of major IT firms like Tata Consultancy Services (TCS) and HCL Tech on Wednesday. The market's tone is expected to be positive, however, volatility may occur after the tech players' earnings as the IT industry is likely in for a lackluster first quarter for FY24. In the previous session, markets ended on a positive note, however, resistance was seen as Nifty failed to surpass the immediate hurdle at the record high.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty extended gains for the second consecutive session ending higher on Tuesday amid broadly positive global cues ahead of the US inflation data - which will influence the next move of the Federal Reserve on rate hikes. Sensex closed 274 points, or 0.42 per cent, higher at 65,617.84 while the Nifty ended the day at 19,439.40, up 84 points, or 0.43 per cent. As many as 33 stocks ended in the green while 15 stocks ended in the red in the Nifty index.

Mumbai: Traders and hedgers on HDFC have been warned by their brokers to exit all their derivatives positions in the mortgage financier by July 12 or face compulsory delivery in the underlying HDFC stocks .   This is pursuant to the merger of HDFC with HDFC Bank taking effect from 1 July and the bank and HDFC fixing 13 July as the record date for ascertaining the shareholders of HDFC who will be eligible to receive shares of the merged HDFC Bank.  The warning by brokers comes after National Stock Exchange (NSE) in a circular dated 5 July said that all futures and options (F&O) contracts associated with Housing Development Finance Corporation Ltd (HDFC) would expire on July 12.  “All existing monthly and weekly contracts in the underlying HDFC contracts with expiry dates post July 12,2023, shall expire on July 12, 2023," according to NSE statement.  HDFC will cease to exist from 13 July and will be replaced by LTI Mindtree on the Nifty 50 benchmark index.   The settlement price for the F&O contracts will be the settlement price of security HDFC in the Capital Market segment on July 12.

Xchanging Solutions, Tirupati Forge Ltd, Kshitij Polyline, among others saw heavy buying and selling on July 11. According to NSE data, QE Securities bought 7,25,588 shares of Xchanging Solutions at an average price of ₹114.91. Balaji Securities sold 5,00,000 shares of Tirupati Forge at an average of ₹7.40 and Finstock Investment also sold the company's shares at an average of ₹7.30.

Nifty is under a hibernation period for the past 5 trading sessions in the range of 19,500 to 19,300. Near-term underlying tone remains positive as far as the index sustains above 19,250-level and a bullish continuation sign can be validated above the 19,500-level. Below 19,250, Nifty has the next best support in the zone of 19,000 to 18,880.

Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granules India, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the eight stocks that are a part of the F&O ban list by the stock exchange for Wednesday. The NSE updates the list of securities in F&O ban for trade everyday.

Sensex" floating around. You probably wondered why people are so personally invested when there’s news of a fall in Nifty levels. But here’s the thing: some people are literally invested.

₹1,197 crore. However, domestic institutional investors (DIIs) showed dull demand for domestic equities. Broadly, markets ended on a positive note with the focus now on IT firms' Q1 earnings for FY24 with biggies TCS and HCL Tech queued up for their financial results tomorrow followed by Wipro on July 13.

ITC has hiked the salary of its Chairman and Managing Director Sanjiv Puri to Rs 16.31 crore in the financial year 2023. The salary component comprises performance and long-term incentives of a whooping Rs 12.8 crore. The top executive's salary is also 326 times higher than the median remuneration paid to all employees.