NIFTY Financial News

The small-cap rally has evoked both hopes and fears among investors. While several funds have given very high returns in the last 3 years, analysts believe an abrupt correction in the small-cap segment is around the corner. Small Cap segment generally falls first whenever there is a market downturn.

Mirae Asset Emerging Bluechip Fund SIP news: Investors can now register SIP up to Rs 25,000 per PAN per month into Mirae Asset Emerging Bluechip Fund with effect from October 10, 2023.

₹1.50 lakh . According to money experts, investing in ELSS funds in a lump sum can be a mistake as these are equity investments, and the market conditions at the time of your lump sum investment will have a significant impact on your returns.

Let us look at the data. There were around 52 passively-managed schemes in the large cap category. However, only four passively-managed large cap schemes managed to outperform their respective benchmarks in 2023. Most schemes — 48 schemes – underperformed their benchmarks. In comparison, there were 30 schemes in the actively-managed large cap mutual fund category. Around 24 actively-managed large cap schemes managed to outperform their respective benchmarks in 2023. Only six schemes underperformed their benchmarks. If you want to see the performance of active large cap funds, see story: Large cap funds offer 11.45% average return in 2023; Axis Bluechip Fund give 6.87%

Laurus Labs Ltd.(up 1.48 per cent), Aurobindo Pharma Ltd.(up 1.43 per cent), Alkem Laboratories Ltd.(up 1.24 per cent), Granules India Ltd.(up 1.24 per cent) and Sun Pharmaceutical Industries Ltd.(up 0.96 per cent) were among the top gainers. Natco Pharma Ltd.(down 0.42 per cent) were the top losers on the index.

The NSE Nifty index was trading 98.6 points up at 19644.35, while BSE Sensex was up 316.63 points at 65948.2 at the time of writing this report. In the Nifty index, Bajaj Finserv Ltd.(up 3.37 per cent), Titan Company Ltd.(up 1.66 per cent), HDFC Life Insurance Company Ltd.(up 1.63 per cent), ITC Ltd.(up 1.61 per cent) and Bajaj Finance Ltd.(up 1.45 per cent) were among the top gainers.

MAGADHSUGAR(up 1.84%), DCM Shriram Industries(up 1.52%), Vishwaraj Sugar Industries(up 1.38%), Balrampur Chini Mills(up 1.26%), Simbhaoli Sugars(up 1.21%), EID Parry(up 1.15%), Triveni Engineering & Industries(up 1.02%), Rajshree Sugars & Chemicals(up 0.98%), BAJAJHIND(up 0.98%) and AVADHSUGAR(up 0.83%) were among the top gainers. Dalmia Bharat Sugar & Industries(down 0.39%) and Dhampur Sugar Mills(down 0.12%) were among the top losers.

Apollo Hospitals Enterprises Ltd, part of the hospital sector, breaks out from a 72-week consolidation range and a downward-sloping trendline on the weekly charts has opened room for the stock to head towards a fresh 52-week high. The stock hit a 52-week high of Rs 5362 on 28 July 2023, but it failed to hold the momentum. The stock finally found support above the 50-week moving average (above Rs 4700) on the weekly charts before bouncing back. The momentum helped the stock to break above 5000 levels on the weekly charts which has acted as a stiff resistance for the stock in the past 72 weeks (since Feb-2022).

Bank of Baroda(up 0.68 per cent), State Bank of India(up 0.45 per cent), IndusInd Bank Ltd.(up 0.42 per cent), HDFC Bank Ltd.(up 0.35 per cent) and Bandhan Bank Ltd.(up 0.3 per cent) were among the top gainers. Federal Bank Ltd.(down 0.41 per cent), Punjab National Bank(down 0.32 per cent), Axis Bank Ltd.(down 0.18 per cent) and IDFC First Bank Ltd.(down 0.1 per cent) were the top losers on the index.

Godrej Properties Ltd.(up 1.43 per cent), DLF Ltd.(up 0.95 per cent), Sobha Ltd.(up 0.86 per cent), Phoenix Mills Ltd.(up 0.84 per cent) and Brigade Enterprises Ltd.(up 0.75 per cent) were among the top gainers. were the top losers on the index.

Siemens Ltd. gained 1.34 per cent to Rs 3567.4 in Friday's trade. It hit a high of Rs 3572.65 and low of Rs 3520.1 during the session.

“Over the medium and long term is indeed constructive and India is at the cusp of a multi-year growth cycle led by capex, credit growth, consumption & corporate profitability,” says Devang Mehta, Director – Equity Advisory, Spark Capital Private Wealth Management. In an interview with ETMarkets, Mehta said: “We like themes & sectors related to Credit growth, financials and Capital expenditure as well as Consumption could lead next leg of rally on D-St,” 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? A bit of shake-out, when money-making becomes extremely easy, is a usual phenomenon in the markets. That said, such ebbs & corrections always act as cautionary notes and bring gravity to the proceedings.

Sensex climbed 405 points to settle at 65,631, while Nifty advanced 109 points to end at 19,545. Stocks that were in focus include names like Marico, which fell 5.08%, Shipping Corp, which rose 6.91%, and IndiGo, whose shares gained 3.81% on Thursday. Here's what Amol Athawale, Vice President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today. Marico — Avoid Last Thursday, the stock shed nearly 5 percent. From the last few trading sessions, the stock consistently faces selling pressure at higher levels.

Also Read: 6 things that changed for the stock market overnight - Gift Nifty, RBI Policy expectations to pause in US dollar rally “The opening downside gap of Wednesday and the opening upside gap of Thursday are unfilled, which is indicating a formation of bullish 'island reversal' type pattern as per hourly/daily timeframe chart. This is a positive indication for the short term and it opens a potential upside pattern target of 19,726 levels for the short term," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. The broader negative chart pattern like lower tops and bottoms is intact as per daily timeframe chart and further upside from here could open chances of new lower top formation, he added.

Day trading guide for today: After losing on two days in a row, Indian stock market ended higher on Thursday. All three key benchmark indices witnessed significant recovery, however in broad market, mid-cap index ended marginaly lower.

Buy or sell stocks for today: After bleeding for two straight sessions, Indian stock market ended higher on Thursday. Nifty 50 index gained 109 points and closed at 19,545 levels, BSE Sensex finished 405 points higher at 65,631 mark while Nifty Bank index ended 249 points higher at 44,213 levels.

Nifty 50 closing above 19,500. The relief rally in the Indian markets was led by healthy PMI data and falling crude oil prices. “The positive signal from the PMI data and the correction in the crude price boosted the market sentiment.

Nifty 50 companies earned more than ₹20 crore in FY23, compared to one out of every four (27%) five years ago, a Deloitte study shared exclusively with ET has revealed. Also, half of the dozen promoter-incumbents earned more than ₹20 crore in FY23, compared to 33% in FY18. In comparison, of the 29 professional incumbents, 45% earned ₹20 crore-plus, up from 24% in FY23, according to the study.

The NSE Nifty 50 index settled 0.56% higher at 19,546, while the S&P BSE Sensex climbed 0.62% to 65,631. The domestically focussed small-caps mirrored the blue-chips, adding 0.63%, while the mid-caps closed flat. Here's how analysts read the market pulse: «Technically, as long as Nifty is holding the 19,450 level the positive sentiment is likely to continue.

Nifty on Thursday ended 110 points higher to form a Bullish Island Reversal pattern on the daily chart. The formation, analysts say, opens up a potential upside opportunity of up to 19,726 levels in the short term. The broader negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart and further upside from here could open chances of new lower top formation.

Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc.