NIFTY Financial News

Shares of MPhasis(up 0.38 per cent) ended the day as top gainers in the pack. On the other hand, HCL Technologies(down 2.86 per cent), LTIMindtree Ltd(down 2.28 per cent), Tata Consultancy(down 1.72 per cent), Coforge(down 1.71 per cent) and Persistent Systems(down 1.68 per cent) finished as the top losers of the day.

Shares of Mahindra Lifespace Developers(up 2.04 per cent), Prestige Estates Projects(up 1.43 per cent), Indiabulls Real Estate(up 0.24 per cent) and Brigade Enterprises(up 0.09 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 3.55 per cent), Phoenix Mills(down 2.29 per cent), SOBHA(down 1.84 per cent), Godrej Properties(down 0.52 per cent) and Oberoi Realty(down 0.26 per cent) finished as the top losers of the day.

Reliance Industries. The 30-share BSE benchmark Sensex rose 64 points or 0.10% to settle at 65,344. The broader NSE Nifty surged 24 points or 0.12% to end at 19,356.

Western Australian copper junior Cyprium Metals was asking investors for a $35 million cash injection on Monday morning, offering to part with shares at a whopping 63.6 per cent discount to the last close.

Nifty is expected to test 21,430 levels over the next 12 months — a 2,000-point or 11% upside from the current levels — according to Prabhudas Lilladher. The brokerage is 'overweight' on auto and bank stocks and has raised its weight on HDFC Bank, Infosys and Tata Motors. Nifty has given over 10% return in FY24 on a year-to-date basis, led by resilient domestic demand and $14 billion worth of net inflows by foreign institutional investors (FIIs).

MphasiS Ltd. traded 0.33 per cent up in Monday's trade at 01:18PM (IST). Around 13,699 shares changed hands on the counter.

Indian Oil Corporation Ltd. fell 1.26 per cent to Rs 98.0 in Monday's trade as of 01:13PM (IST) even as the benchmark Nifty ruled at 19381.8, up 50.0 points. The scrip had closed at Rs 99.25 in the previous session.

Sheetal Cool Products(up 4.06%), Marico(up 1.70%), Patanjali Foods(up 1.66%), Dangee Dums(up 1.25%), Prataap Snacks(up 1.05%), Hatsun Agro Product Ltd(up 0.88%), Dodla Dairy(up 0.88%), Emami(up 0.75%), Zydus Wellness(up 0.39%) and Vadilal Industries(up 0.34%) were among the top gainers. Nakoda Group(down 3.31%), Hindustan Foods(down 2.07%), P & G Hygiene(down 1.57%), Parag Milk(down 1.42%), Tasty Bite Eatables(down 0.93%), Heritage Foods(down 0.90%), TATA CONSUMER PRODUCTS(down 0.84%), Hindustan Unilever(down 0.82%), Adani Wilmar(down 0.74%) and Bikaji Foods International(down 0.70%) were among the top losers.

Mahindra Lifespace Developers(up 1.77 per cent), Brigade Enterprises(up 1.56 per cent) and Prestige Estates Projects(up 0.4 per cent) were among the top gainers. Macrotech Developers(down 2.92 per cent), Phoenix Mills(down 1.24 per cent), Godrej Properties(down 0.93 per cent), Oberoi Realty(down 0.79 per cent) and SOBHA(down 0.47 per cent) were the top losers on the index.

Punjab National Bank(up 1.16 per cent), State Bank of India(up 0.51 per cent), Axis Bank(up 0.45 per cent), Kotak Mahindra Bank(up 0.42 per cent) and ICICI Bank(up 0.42 per cent) were among the top gainers. Bandhan Bank(down 0.96 per cent), Bank of Baroda(down 0.77 per cent), Federal Bank(down 0.67 per cent), IndusInd Bank(down 0.31 per cent) and IDFCBANK(down 0.25 per cent) were the top losers on the index.

Gland Pharma(up 4.66 per cent), Natco Pharma(up 1.28 per cent), Sun Pharmaceutical Industries(up 0.52 per cent), Granules India(up 0.34 per cent) and Biocon(up 0.33 per cent) were among the top gainers. Aurobindo Pharma(down 2.36 per cent), Glenmark Pharmaceuticals(down 1.36 per cent), Laurus(down 1.3 per cent), Divis Laboratories(down 1.08 per cent) and Ipca Laboratories(down 0.56 per cent) were the top losers on the index.

Reliance and HDFC twins, ahead of the corporate earnings for the June quarter. The BSE Sensex was trading 217 points or 0.33% higher at 65,482 while Nifty50 was trading at 19,396, up 64 points or 0.33% at around 9.18 am.

MUMBAI — After the recent rally, the Nifty 50 as well as the broader market are trading at a valuation above their long-term averages, but this still doesn’t warrant a caution, believes Edelweiss Asset Management. “Using valuation as a standalone variable can be misleading and it has to be seen in the context of earnings growth.

equity market is expected to open on a cautious note amid mixed cues from global peers. The Asian markets traded mostly lower after the release of China’s Inflation data. Trends on GIFT Nifty indicate a positive start for the broader index.

Day trading guide for today: Indian stock market snapped its seven day rally and ended in red territory on Friday last week. 50-stock index Nifty lost 165 points and closed at 19,331 levels, 30-stock index BSE Sensex dipped 505 points and ended at 65,280 levels while Bank Nifty index corrected 414 points and finished at 44,925 mark, losing the psychological 45,000 crucial support.

Buy or sell stocks for today: Snapping seven days rally, Indian stock market witnessed profit booking on Friday last week. 50-stock index NSE Nifty ended 165 points lower at 19,331 levels while BSE Sensex lost 505 points and closed at 65,280 mark.

₹790.40 crore, while DIIs sold shares worth a net amount of ₹2,964.23 crore.Vinod Nair, Head of Research at Geojit Financial Services said, “Global equities declined due to a spike in US bond yields, fuelled by expectations of a prolonged high-interest rate environment following a sharp increase in US private payroll data. Investors are eagerly awaiting the release of key US non-farm payroll and unemployment data today, which will provide further clues on the Fed's policy direction ahead of its July meeting."The U.S. added the fewest jobs in 2-1/2 years in June, although persistently strong wage growth pointed to still-tight labour market conditions, U.S.

inflation data this week, including the US consumer price index, and the start of another corporate earnings season. Bond markets were volatile after a recent sell-off drove yields to multi-year highs in the US, making equities less attractive in comparison. In the US, the June CPI report is scheduled to be released on Wednesday, which is forecast to show headline inflation slowed to its lowest level since early 2021 at 3.1%, with the core easing to 5.0%, Reuters reported.

«The subsidiaries of HDFC, of course, the companies like HDFC Life or HDFC Securities or for that matter even HDFC AMC also comes under the umbrella of HDFC Bank and it creates a huge sort of a banking conglomerate,» says Devang Mehta, Spark Private Wealth.Let us discuss one of those important cues HDFC twins, HDFC merger which is lined up. What do you think changes for the market and for the prospect of this behemoth itself? Do you think in the near term, the growth will slow down? I think clearly what the market is looking at the merger of HDFC and HDFC Bank is that we clearly get a big conglomerate in terms of financial strength.

profit booking in domestic equities dragged key indices down towards the end of the last week. Markets will likely take cues from first quarter earnings and inflation data, which will be released later this week. «Going forward, markets are likely to sustain the current momentum, as stock-specific action will pick up with the onset of the Q1FY24 earning season,» 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 19200 to 19500 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 20.5 points, or 0.11 per cent, lower at 19,437.50, signaling that Dalal Street was headed for negative start on Monday.

MUMBAI : Shares of Reliance Industries Ltd (RIL), which have underperformed the broader market this year, are expected to get a sentiment boost this week following news about the upcoming demerger and listing of Jio Financial Services, as well as the buyout of minority shareholders in Reliance Retail, analysts said. The firm on Saturday informed exchanges about the National Company Law Tribunal approving the planned demerger, as well as the record date for the same.