NIFTY Financial News

Ambuja Cements Ltd. traded 0.1 per cent lower in Monday's session at 11:42AM (IST). The stock opened at Rs 430.0 and has touched an intraday high and low of Rs 435.0 and Rs 427.3, respectively, during the session so far.

Also Read: Earnings preview: Indian IT firms to report soft numbers in Q2FY24; revenue, profit likely to be muted Meanwhile, in the second quarter of FY24, the brokerage firm expects continuity of uncertainty to result in another muted quarter in a seasonally strong quarter for tier 1 companies, which are expected to report constant currency (CC) revenue growth of -0.4% to 1.1% QoQ; while few of the select outperforming tier 2 companies may witness some moderation, with CC revenue growth of 1.5% to 4.4% QoQ. Also Read: Stocks to buy: Here's why HDFC AMC, IndusInd Bank are top picks this week Among midcap IT stocks, Sharekhan’s preferred picks in the sector are Persistent Systems, Coforge, Mastek, and Birlasoft.

Stock market today: Despite weak stock market sentiments duen to Israel Palestine conflict, E Factor Experiences Limited IPO listed today on NSE SME Emerge platform delivering over 53 per cent listing gain to its allottees. E Factor Experiences Limited share price opened on NSE at ₹115, which is ₹40 per share higher of more than 53 per cent from its price band of ₹71 to ₹75 per equity share. However, the newly listed NSE SME stock didn't stop here only.

₹316 lakh crore from about ₹320 lakh crore in the previous session, making investors poorer by about ₹4 lakh crore. Naturally, with the market recovery, the BSE mcap also rose to about ₹317 lakh crore later.

“Banking, cement, infra, paper, sugar, power and chemicals (as a contra bet) are some of the sectors where we still see reasonable valuations in some pockets,” says Jiten Parmar, Co-Founder, of Aurum Capital. In an interview with ETMarkets, Parmar said: “Many pockets look expensive. One has to look at individual stocks, for example, many stocks from defense, and railways do not have a margin of safety and are looking stretched,” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? For the medium term and long-term, I remain constructive on the markets. Indian economy is doing fairly well.

Sensex climbed 364 to settle at 65,995 and the broader Nifty advanced 107 points to end at 19,653. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today. Ujjivan SFB The counter has experienced a notable breakout after consolidating for a prolonged period of two months, accompanied by robust trading volume, as observed on the weekly timeframe. The overall chart pattern presents an appealing opportunity, characterized by its consistent trading above key moving averages. Furthermore, the technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), are in alignment with the current momentum of the stock, thereby providing additional confirmation of its strength. Looking ahead, the resistance level at 65 appears to be a pivotal point to monitor.

Israel and Hamas erupted over the weekend which is likely to weigh on the market sentiment. The domestic benchmark indices ended over half a percent higher on Friday after the Reserve Bank of India (RBI) maintained status quo on policy rates and stance. The Nifty 50 closed at 19,653.50, up 108 points, while Sensex closed 364 points higher at 65,995.63.

Day trading guide for today: On account of strong global market sentiments, Dalal Street ended higher for second straight session on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels. In broad market, small-cap index small-cap index advanced 0.56 per cent while mid-cap index shot up 0.66 per cent in previous session.

Buy or sell stocks for today: Following strong global cues on ease in US dollar index, Indian stock market ended higher on second day in a row on Friday last week. Nifty 50 index gained 107 points and closed at 19,653 levels, BSE Sensex shot up 364 points and ended at 65,995 mark whereas Bank Nifty index finished 147 points higher at 44,360 levels.

₹7,998 crore worth of Indian equities and offloaded a total of ₹6,024 crore as of October 6, according to the NSDL data.Wall Street rallied on Friday after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.

Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

The focus will shift towards stock-specific action as Q2FY24 earnings begin this week with TCS announcing results on Oct 11, followed by Angelone, HCL Tech, and Infyosys. «Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS

₹46 trillion assets under management, and still going strong, the MF industry in India has thus been witness to a flurry of new fund houses setting up shop. Fintech firms, too, have joined the race with their cutting edge innovations . And the latest to join the bandwagon is Groww Asset Management Company (Groww AMC), which started its operations in June after acquiring Indiabulls AMC.

MUMBAI : Indian stocks may open lower on Monday, in line with other global stock indices, in response to the Israel-Hamas war that erupted early Saturday, fund managers said. While they expect no immediate cause for panic, they are closely monitoring the evolving situation as any widening of the war could profoundly impact Indian stocks because of a surge in oil prices, and heightened volatility in rupee and bond yields . Israel’s benchmark TA-35 Index, tracking 35 top companies on the Tel Aviv Stock Exchange, which runs from Sunday through Thursday, plunged 6.47% on Sunday.

Mumbai: Until March, the market for initial share sales in India had been moribund this year and badly in need of stimulus to come back to life. It took a condom maker to revive the sagging market for initial public offerings (IPOs). Mankind Pharma Ltd, the New Delhi-based maker of the Manforce brand of male contraceptives, raised ₹4,326 crore in a blockbuster IPO in April, almost seven times the entire amount raised by three companies that went public in the first three months.

₹431 crore (excluding Badshah acquisition) seen in Q2FY23. Other verticals—healthcare, and home & personal care (HPC)—are likely to grow in high single digits each. In Q1, these segments saw revenue growth of 10% and 11%, respectively.

The NSE Nifty 50 index settled 0.55% higher at 19,653, while the S&P BSE Sensex climbed 0.55% to 65,995. Here's how analysts read the market pulse: «Nifty ended the week with a modest gain despite the selling in the banking sector. Overall, sentiment is expected to stay positive as long as it maintains above the critical support level of 19,500, as put writers are likely to offer support at this level.

Santosh Meena, Head of Research, Swastika Investmart tells ETMarkets. As long as the India VIX remains below its 200-DMA at the 13 level, it's likely that our market will consolidate with a 'buy on dip' structure. Only a definitive breakthrough above this level (13) could potentially trigger selling in the Indian market, he adds.

Tata Consultancy Services. In the week gone by too, volatility saw benchmark indices swing between gains and losses, but eventually ended flat. The Nifty 50 settled at 19,653 points and Sensex at 65,995 points.

Also Read: India's bond yield posts biggest single-day jump in 17 months; What's fuelling the rise? On Friday, October 6, Nifty 50 closed at 19,653.50, up 108 points, or 0.55 per cent while Sensex closed 364 points, or 0.55 per cent, higher at 65,995.63. The BSE Midcap index rose 0.66 per cent while the smallcap index ended 0.56 per cent higher. Global cues were also positive after a pause in a bond market sell-off.

maintained a status quo on repo rates and policy stance, in line with Street expectations. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this. Apart from this, strong macroeconomic indicators and resilience imparted by domestic investors also boosted sentiments by the end of the volatile week.