NIFTY Financial News

PI Industries Ltd. traded 0.1 per cent higher in Thursday's session at 12:38PM (IST).

As the Nifty comes into an uncharted territory, market participation is once again increasing very sharply. As of now the underlying trend in all segments of the market is bullish, if this remains bullish as reflected by market breadth then it is very likely that more mid-cap will continue to get attention from markets.

Stock market: Indian stock market has remained highly bullish after ushering in July 2023 as all indices have hit life-time highs respectively. In fact, on Friday last week, all three key benchmark indices Nifty, Sensex and Bank Nifty hit record high whereas small-cap and mid-cap indices too climbed to a new peak.

Voltas Ltd. gained 0.22 per cent to Rs 768.3 in Thursday's trade. It hit a high of Rs 772.0 and low of Rs 763.05 during the session.

Bandhan Bank(up 1.58 per cent), Federal Bank(up 0.98 per cent), Axis Bank(up 0.6 per cent), Punjab National Bank(up 0.6 per cent) and AU Small Finance Bank(up 0.42 per cent) were among the top gainers. IndusInd Bank(down 1.81 per cent), Bank of Baroda(down 0.63 per cent), HDFC Bank(down 0.52 per cent), IDFCBANK(down 0.25 per cent) and State Bank of India(down 0.07 per cent) were the top losers on the index.

Investing.com — Most Asian stocks fell on Thursday, tracking a decline in U.S. markets as the minutes of the Federal Reserve’s June meeting presented a hawkish outlook, while weak economic signals and fears of a Sino-U.S. trade war also weighed.

Aurobindo Pharma(up 1.85 per cent), Natco Pharma(up 1.37 per cent), Granules India(up 1.19 per cent), Torrent Pharmaceuticals(up 1.17 per cent) and Laurus(up 1.16 per cent) were among the top gainers. Divis Laboratories(down 1.01 per cent), Glaxosmithkline Pharmaceuticals(down 0.67 per cent), Sanofi India(down 0.41 per cent) and Gland Pharma(down 0.38 per cent) were the top losers on the index.

US dollar in early trade on Thursday, weighed down by strength of the American currency in the overseas market and elevated crude oil prices. At the interbank foreign exchange, the domestic unit opened at 82.36, then fell to 82.45, registering a decline of 20 paise over its last close. On Wednesday, the rupee settled at 82.25 against the dollar.

Apollo Hospitals Enterprise Ltd. rose 2.53 per cent to Rs 5204.0 in Thursday's trade as of 10:20AM (IST) even as the benchmark Nifty ruled at 19445.7, up 47.2 points. The scrip had closed at Rs 5075.75 in the previous session.

Rachana Infrastructu, Cell Point(India), Sumeet Ind, Kshitij Polyline and Viji Finance and others were among the stocks that touched their 52-week lows as of 10:30AM(IST)in Thursday's session. Domestic benchmark index NSE Nifty gained 60.7 points to 19459.2, while the BSE Sensex traded 187.74 points up at 65633.78.

On the BSE, JBM Auto(down 11.92 per cent), Ishaan Infrastru(down 11.29 per cent), Naturo Indiabull(down 9.56 per cent), UTL Industries (down 8.52 per cent) and Tiaan Ayurvedic & He(down 8.28 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 31 stocks traded in the green, while 19 stocks traded in the red.

MPhasis(up 0.11 per cent) and Wipro(up 0.04 per cent) were among the top gainers. HCL Technologies(down 0.9 per cent), L&T Technology(down 0.79 per cent), Persistent Systems(down 0.71 per cent), Tech Mahindra(down 0.45 per cent) and Coforge(down 0.45 per cent) were the top losers on the index.

Indian Oil Corporation Ltd. traded 3.02 per cent up in Thursday's trade at 10:00AM (IST). Around 1,004,354 shares changed hands on the counter.

DCM Shriram Industries(up 3.17%), Rajshree Sugars & Chemicals(up 1.51%), Rana Sugars(up 1.26%), Vishwaraj Sugar Industries(up 1.24%), BAJAJHIND(up 1.17%), Ugar Sugar Works(up 0.78%), K.M.Sugar Mills(up 0.76%), KCP Sugar & Industries(up 0.61%), Balrampur Chini Mills(up 0.51%) and Bannari Amman Sugars(up 0.47%) were among the top gainers. Dwarikesh Sugar Industries(down 0.33%) and Uttam Sugar Mills(down 0.14%) were among the top losers.

“Most retail direct investors have missed the rally from April 2023 till date. And hence must avoid FOMO,” says Jiten Parmar, Co-Founder, of Aurum Capital. In an interview with ETMarkets, Parmar said: “Invest with a margin of safety and only in companies which have valuations on our side and where Corporate Governance is good” Edited excerpts:We are seeing some nervousness as we hit fresh record highs on the Sensex and record closing high for the Nifty. What is causing the nervousness? We have hit new highs.

rupee depreciated 20 paise to close at 82.23 against the US dollar on Wednesday Most Asian currencies were down 0.2% to 0.4%. The 2-year Treasury yield rose to 4.9630% in Asia, hovering near the highest since March, Reuters reported.

«Overall we expect the market to consolidate with a positive bias in the near term, before taking flight to record high levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded 33 points, or 0.17 per cent, lower at 19,479, signaling that Dalal Street was headed for negative start on Thursday.

minutes showed that the central bank was split on pausing interest rate hikes in June and sees more rate hikes at a slower pace going ahead. At the June 13-14 meeting, the Federal Open Market Committee (FOMC)’s decision to hold  interest rate after 10 consecutive increases was to buy time and assess whether further rate hikes would be needed, the minutes showed On the domestic front, the Indian equity indices ended flat on Wednesday after hitting record highs for the last four consecutive sessions. After showing high volatility at high levels, Nifty continued to show consolidation movement on Wednesday and closed the day higher by 09 points.  “Global worries along with moderation in Service PMI data briefly impacted the domestic market’s rally.

«Overall we expect the market to consolidate with a positive bias in the near term, before taking flight to record high levels,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETS

Buy or sell stocks for today: Following weak global market sentiments, Indian stock market trade mixed on Wednesday session as one out of the three key benchmark indices ended green while rest two closed in the red territory. Market valuation of all listed firms on the BSE hit a lifetime high of ₹300 lakh crore for the first time on the previous session.

Maruti Suzuki, which drove car ownership in India through its compact cars over the past four decades, surged past ₹3 lakh crore in market value on Wednesday after it unveiled its costliest vehicle to date, underscoring undiminished demand for premium transportation choices in an economy where the budget-end of the business appears to be stagnating. The stock rose more than 3% on Wednesday to hit a new all-time high. The shares crossed ₹10,000 apiece for the first time in a choppy trading session.