NIFTY Financial News

NEW DELHI : Indian companies are expected to deliver their strongest earnings growth in seven quarters, as declining input costs bolster profitability. While banks and automobile sectors are seen to be leading drivers of overall profits in the June quarter, several more sectors are expected to contribute to the earnings momentum. “Softer commodity and fuel prices could lead to an expansion of margins for fast-moving consumer goods (FMCG), auto, and allied sectors," said Deepak Jasani, head of retail research at HDFC Securities Ltd.

Nifty index indicates the Nifty50 is likely to open in green with 74 points at 19,474 level. The dollar index is at 102.27 seeing an fall of 0.87 per cent.

When the Nifty is forming a new high every day, risks are increasing on the street. In such times, it would be better that while looking at growth stocks one also focuses on reducing the risk by taking a hard look at some numbers which are critical indicators.

Adani Ports, UPL, Aarti Industries and Ambuja Cement are four stocks on which Rajesh Palviya, SVP — Technical & Derivatives Research, Axis Securities, recommends a sell. “Adani Ports demonstrates a bearish sentiment as it recently breached the medium-term upward-sloping trendline. It is currently trading below critical moving averages (20, 50, and 200-day SMA), accompanied by a persistently lower daily RSI relative to its reference lines,” he says.

Bharat Heavy Electricals Ltd (BHEL), Delta Corp, Granuls India, and India Cements are the four stocks that are a part of the F&O ban list by the stock exchange for Monday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

₹21,944 crore, hinting that these inflows are likely to surpass investments made in June and May this year. FPIs are likely on the path of recording the fifth monthly buying in the Indian market in a row. This foreign funds inflow is driven by a strong rally in Indian markets with Sensex and Nifty 50 hitting new lifetime highs this week.

NFO period: 07th July – 21st July, 2023 Scheme type: An open-ended equity scheme investing across large cap, mid cap, small cap stocks Investment objective: The fund seeks to achieve long-term capital growth through diversified investments in equities and equity-related securities across large cap, mid cap, and small cap stocks. The achievement of the Scheme's investment objective, however, cannot be assured or guaranteed. Product suitability: The product will be suitable for investors looking to invest in equities and equity-related securities spanning large cap, mid size, and small cap stocks in the hopes of long-term capital appreciation.

Mukul Agrawal has raised his stake in Capacit'e Infraprojects from 1.91% or 13 lakh shares to 4.33% or 29.38 lakh shares as on the quarter ended June 30, according to the BSE shareholding data. He has raised his stake by 2.4% over the March quarter, the data on shareholding pattern suggested. The value of his stake now stands at Rs 64.2 crore according to Trendlyne.

Nifty scaled new all-time peaks, foreign institutional investors or FIIs invested about $2.7 billion on Indian stocks in just 5 trading days of this week. The fresh round of inflow comes in even as 93% of Wall Street traders are presuming that the US Fed will hike interest rates by 25 basis points during the FOMC meeting on July 25-26. If this trend continues, monthly FII flows in July will exceed the figures in May and June, which were $5.3 billion and $5.7 billion, respectively.

Multibagger stocks: Amid stock market hitting record highs on a regular basis, Dalal Street has produced a good number of multibagger stocks in recent years. Among this list of multibagger stocks in 2023, banking stocks dominate the list as both private and PSU bank stocks witnessed sharp upside move throughout the year, which enabled Bank Nifty to hit life-time high before NSE Nifty and BSE Sensex. Here we list out 5 private bank shares that have delivered multibagger return to its shareholders in last one year: 1] Karur Vysya Bank: Share price of this multibagger stock has been in uptrend for the last one year.

mid-cap funds as they invest in lesser-known and under-researched companies. Small cap schemes can witness intense volatility and higher downside, particularly during bearish market phases. but they can even outperform all categories of mutual funds over the long term.

«Looking at the data set up, especially in today's session, some profit taking was there at higher levels because most of the call writers were aggressive at 19,600, 19500 strike on the call side and so it clearly creates some pressure on the index,» says Rajesh Palviya, Axis Securities.19,500 was briefly seen on the Nifty 50 index so, going ahead with the earnings season kicking in and coming in at play, can we expect 20,000? We are not that far from those levels but with the kind of a U-turn that we have seen on Friday. What is your expectation? This is the fourth consecutive month where we are seeing a very strong rally is playing out in the market and looking at the data set up overall behaviour of the market, it clearly indicates yes, we may see further upside from the current level and possibly yes, Nifty can head further higher towards 20,000 mark also.

There is going to be the IT pack declaring earnings for Q1 FY24. How are you looking at earnings? Will it beat estimates, the consensus estimates? And will it also be followed by some upgrades, downgrades? How are you looking at it? Overall, it is a strong earnings season. The decliners will be metals and cement.

After rallying 10.5% this week, PSU bank stock Canara Bank is showing signs of a potential breakout from a long consolidation phase, says Rupak De, Senior Technical analyst at LKP Securities.“A bullish rounding bottom formation has been formed, further confirming the positive outlook for the stock. This pattern indicates a potential reversal in the trend from bearish to bullish,” says the analyst who has a target price of Rs 355 and Rs 370 on the counter.Edited excerpts from a chat:Nifty has now been scaling new peaks every other day. Are the charts giving overbought signs? On Thursday, the Nifty reached another all-time high after two days of consolidation, indicating a breakout in the upward direction.

Indian markets have been on a roll for the past few weeks and have created history by hitting milestone after milestone. With the benchmark index crossing the 19,500 mark this week, the question still remains "Will the Rally Continue?" Let’s answer this question in three parts. First, let’s look at the fund flows.

Buy or sell stocks: After rallying for seven straight sessions, Indian stock market witnessed profit booking on Friday in the week gone by. NSE Nifty closed 165 points lower at 19,331 levels while BSE Sensex corrected 505 points and ended at 65,280 mark. Bank Nifty slipped below 45,000 levels and ended at 44,925 levels.

stocks. Improved asset quality, growth in margin expansion, and better-than-expected earnings in the March quarter promoted FPIs to change their views on the sector. The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.

Mumbai: Indian shares retreated Friday in anticipation that the US Federal Reserve will tighten policy even further to tame sticky inflation. India’s leading equity benchmarks fell nearly 1%, their biggest single-day drop since mid-April — after briefly touching fresh all-time highs in Friday’s trading — dragged down by heavyweight financials, technology, consumer staples and utilities. The Sensex declined 505.19 points or 0.77% to settle at 65,280.45.

MUMBAI : An important reading pertaining to foreign portfolio investments in index derivatives hit a four-year high on 6 July, shortening the odds of a correction in the near term, as has been seen on previous occasions, analysts said. They were, however, quick to add that any 300-400 points dip on Nifty would be a good buying opportunity. FPIs’ cumulative net buying on futures contracts based on Nifty and Bank Nifty hit a four-year high of 102,828 on 6 July.

Mutual Fund returns calculation: Mid Cap funds have emerged as one of the most popular mutual fund categories for investors seeking high returns over the long term. And almost all mid-cap funds have not disappointed their investors in this regard.

Best-Performing Small Cap Mutual Fund Schemes in 1 year (till July 6, 2023): Direct plans of most of the small-cap mutual fund schemes have given over 25% annualised returns in one year. Data on AMFI’s website at the time of writing shows that direct plans of as many as four small-cap funds have given 40% or more returns in one year. The top-performing scheme has given 45% returns.