NIFTY Financial News

07.07 / 14:39

UPS FIVE Reuters NIFTY MSCI Standard index HDFC Bank to replace HDFC on MSCI global standard index from July 13

Housing Development Finance Corporation (HDFC) on the MSCI Global Standard indexes from July 13, following the mega-merger of two firms, according to an MSCI notice published on Friday. HDFC and HDFC Bank completed their $40 billion merger - the largest in India's corporate history on July 1 and have set July 13 as the "record date" for shareholders to swap HDFC's shares with those of HDFC Bank.

07.07 / 13:55

UPS Provident Booking Action NIFTY SENSEX FIIs remain net buyers for 8 consecutive days as Sensex and Nifty close in red - July 08 trade

₹790.40 crore, while Domestic Institutional Investors (DIIs) sold shares worth a net amount of ₹2,964.23 crore. Friday witnessed a challenging day for domestic shares as investors opted to capitalize on their profits, influenced by weak global cues. Sectors such as FMCG, banks, and realty experienced corrections, although media and PSU banks bucked the trend.

07.07 / 13:05

UPS FIVE CME NIFTY SENSEX Silver Gold Prices Gold prices slip on strong US jobs data and rising treasury yields; silver plunges ₹600; check rates

gold prices fell by ₹110 to ₹59,240 per 10 grams in Delhi on Friday. The price of the precious metal for 10 grams had previously traded at ₹59,350. Likewise, the price of silver fell by ₹600 to ₹71,500 per kilogram.

07.07 / 12:39

UPS Lowe's Booking NIFTY VIX Low week Tech View: Nifty breaks higher low pattern of last 7 days. What traders should do next week

Nifty on Friday ended 165.5 points lower to form a long bear candle with a long upper shadow on the daily charts. On the weekly scale, a small bodied bullish candle was seen where the index has been forming higher lows for the last 15 weeks. Now, it has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time high levels of 19,525 zones while on the downside support is intact at 19,250 and 19,100 zones, said Chandan Taparia of Motilal Oswal.

07.07 / 12:17

Provident Waves Lowe's NIFTY SENSEX Top gainers, losers today: Tata Motors, Titan, M&M, Powergrid, IndusInd Bank; check full list here

equity market snapped its winning streak and suffered strong losses on Friday, July 7, as investors jumped to take some money off the table amid weak global cues. Concerns over rate hikes grew stronger amid strong US macro data. US economic data showed that the world's largest economy remains strong despite a series of rate hikes by the US Fed.

07.07 / 12:17

IPO Lowe's CEO NIFTY SENSEX Demat account additions hit 13-month high in June

mid-caps and small-caps also at record highs. As per analysts, in 2023 so far, Sensex and Nifty have climbed nearly 8% each while BSE Midcap and SmallCap have added around 15% each. There is some rotation of money that is also being witnessed, said Sandip Raichura, CEO of Retail Broking and Distribution & Director at Prabhudas Lilladher .

07.07 / 12:07

Enterprise NIFTY SENSEX Share market update: Most active stocks of the day in terms of traded value

ideaForge Technology Ltd.(Rs. 1262.75 crore), Titan Company (Rs.

07.07 / 12:07

Lowe's NIFTY SENSEX AGRO index Stock market update: Nifty Pharma index falls 0.74%

Shares of Granules India(up 3.66 per cent), Glenmark Pharmaceuticals(up 3.14 per cent), Pfizer(up 0.49 per cent) and Torrent Pharmaceuticals(up 0.15 per cent) ended the day as top gainers in the pack. On the other hand, Natco Pharma(down 2.2 per cent), Biocon(down 2.14 per cent), Aurobindo Pharma(down 2.06 per cent), Divis Laboratories(down 1.83 per cent) and Abbott India(down 1.37 per cent) finished as the top losers of the day.

07.07 / 11:31

Lowe's NIFTY SENSEX AGRO index Stock market update: Nifty Realty index falls 1.18%

Shares of SOBHA(up 3.75 per cent), Phoenix Mills(up 2.9 per cent) and Indiabulls Real Estate(up 0.64 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 3.77 per cent), DLF(down 2.09 per cent), Oberoi Realty(down 1.87 per cent), Prestige Estates Projects(down 1.7 per cent) and Godrej Properties(down 1.05 per cent) finished as the top losers of the day.

07.07 / 11:31

Lowe's NIFTY TCS SENSEX AGRO week Stock market update: Stocks that hit 52-week highs on NSE in today's trade

ideaForge Technology, Olectra Greentech, Orient Abrasive, Talbros Auto and Repro India, hit their fresh 52-week highs during Friday's trade on NSE. Benchmark NSE Nifty closed 165.5 points down at 19331.8 amid selling in frontline bluechip counters.

07.07 / 11:31

Lowe's NIFTY SENSEX AGRO index Stock market update: Nifty Bank index falls 0.92%

Shares of Punjab National Bank(up 2.37 per cent), Bank of Baroda(up 1.73 per cent) and State Bank of India(up 0.19 per cent) ended the day as top gainers in the pack. On the other hand, AU Small Finance Bank(down 3.57 per cent), IndusInd Bank(down 2.38 per cent), ICICI Bank(down 1.36 per cent), Kotak Mahindra Bank(down 1.27 per cent) and IDFCBANK(down 0.99 per cent) finished as the top losers of the day.

07.07 / 10:33

UPS Booking NIFTY SVB Indian Indian indices on a new high: What’s next?

During the course of these 18 months, the markets have had to digest the volatility on accounts of the Ukraine-Russia war, over $40 billion of FII selling, the fastest interest rates hike by global central banks and concerns about India’s valuation amongst developed and emerging economies. After digesting all of the above, the markets have scaled new lifetime highs and are poised for some more in the coming few months.

07.07 / 10:33

Lowe's Reuters NIFTY SENSEX ADP fall Market wrap: Sensex, Nifty fall by almost a per cent each; investors get poorer by nearly ₹2 lakh crore in a day

equity market suffered strong losses on Friday (July 7) as investors jumped to take some money off the table amid weak global cues as concerns over rate hikes grew stronger amid strong US macro data. While there has been a long-running concern that the US economy was slipping into a recession, economic data have been showing that the world's largest economy remains strong despite a series of rate hikes by the US Fed.

07.07 / 08:57

UPS Target NIFTY recommendations 2 top stock recommendations from Aditya Agarwala

«I would not be surprised, if we inch closer to 19200, which clearly is the major support area on the Nifty and on the Bank Nifty, 44,500 is the major support area because these were the areas from where both the indices were not able to break out,» says Aditya Agarwala, Invest4edu.Talk to us about the readings on the chart. 19200 is being touted as a very strong support zone. Are we heading to that level?I believe so.

07.07 / 08:39

UPS Provident Manufacturing NIFTY SBI, PNB, BoB to Canara Bank: Why experts are bullish on PSU bank shares — explained

Stocks to buy today: In post-Covid rebound, state-owned banks have given whopping return to its positional investors in last one year. PSU bank major Bank of Baroda (BoB) shares have almost doubled shareholders' money by logging around 95 per cent return in last one year. Shares of Punjab National Bank of PNB also matched with BoB shares as the PNB share price ascended near 90 per cent in last one year.

07.07 / 08:39

NIFTY fall Q1FY24 earnings preview: OMCs to post strong growth; metals to see fall in income; here's what top brokerages say

Motilal Oswal Financial Services (MOFSL) expects Nifty earnings to grow 25 per cent year-on-year (YoY) in Q1FY24 while earnings of its coverage universe may jump 49 per cent YoY. Motilal Oswal said OMC’s (oil marketing companies) profitability may surge to ₹40,500 crore in Q1FY24 from a loss of ₹18,500 crore in Q1FY23 owing to strong marketing margins. Excluding OMC, MOFSL and Nifty’s earnings should rise 12 per cent and 11 per cent YoY, respectively, for the quarter.

07.07 / 08:31

Booking NASDAQ Fighting Strategy NIFTY SENSEX Bears Bulls vs bears – Who will win the fight on Dalal Street?

Nifty has seen a classic fight between bulls and bears, with attempts to break the all-time high level seen in December 2022. While Sensex has touched an all time high, Nifty experienced consolidation at higher levels. Interestingly, the Bank Nifty index has shown more weakness compared to the Nifty.

07.07 / 08:11

UPS Lowe's NIFTY SENSEX Drop Crompton Greaves shares drop 0.9% as Sensex falls

Crompton Greaves Consumer Electricals Ltd. traded 0.9 per cent lower in Friday's session at 01:33PM (IST).

07.07 / 08:05

UPS Lowe's Booking NIFTY Colgate-Palmolive fall Colgate-Palmolive shares fall 0.22 per cent in Friday's trading session

Colgate-Palmolive (India) Ltd. fell 0.22 per cent to Rs 1776.4 in Friday's trade as of 01:08PM (IST) even as the benchmark Nifty ruled at 19363.6, down 133.7 points. The scrip had closed at Rs 1780.35 in the previous session.

07.07 / 06:43

UPS Citi NIFTY surges record high Sobha stock surges on robust quarterly sales, record high realisations

Sobha Ltd surged 3.5% on the National Stock Exchange (NSE) in early trading on Friday, buoyed by its stellar operational update for the first quarter of financial year 2024 (Q1FY24). The Bengaluru-focused company clocked its best-ever pre-sales in value-terms at Rs1,465 crore, up 28% year-on-year. However, the rise was marginal on a sequential basis. This performance was supported by the highest-ever price realization for the company at Rs10,506 per square foot on a total saleable area of 1,394,117 square feet.

07.07 / 06:23

UPS Lowe's NIFTY Avenue Supermart shares up 0.21% as Nifty drops

Avenue Supermarts Ltd. traded 0.21 per cent up in Friday's trade at 11:36AM (IST). Around 9,610 shares changed hands on the counter.

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