NIFTY Financial News

Motilal Oswal Nifty 500 ETF seeks to replicate/track the total returns of the Nifty 500 Index, which is designed to measure the performance of the top 500 companies based on market capitalization. Compared to the Nifty 50 Index, the Nifty 500 Index is well-diversified, with its top 10 holdings accounting for only 37%, as opposed to 58% in the Nifty 50 Index.

Vedanta Ltd. traded 3.16 per cent down in Wednesday's trade at 12:22PM (IST). Around 1,246,888 shares changed hands on the counter.

Bharat Electronics Ltd. slipped 1.25 per cent to Rs 137.4 in Wednesday's trade as of 12:27PM (IST). The stock hit a high price of Rs 138.7 and low of Rs 136.85 during the session.

₹23.54 lakh crore as of September 30, 2023, rising from ₹14.93 lakh crore last year. HDFC Bank’s deposits aggregated to approximately ₹21.73 lakh crore as of September 30, 2023, a growth of around 29.9% over ₹16.73 lakh crore as of September 30, 2022. Meanwhile, the bank’s domestic retail loans grew by around 111.5% year-on-year (YoY), while commercial & rural banking loans grew by around 29.5% YoY and corporate & other wholesale loans grew by 8% YoY, HDFC Bank said in a regulatory filing on October 4.

₹14,768 crore in September and ₹2,868 crore in October so far. Also Read: Nifty 50, Sensex drop over half a percent each: Five key reasons for the market fall - explained (Exciting news! Mint is now on WhatsApp Channels.

GAIL (India) Ltd. slipped 1.04 per cent to Rs 122.7 in Wednesday's trade as of 11:31AM (IST). The stock hit a high price of Rs 124.25 and low of Rs 122.3 during the session.

Shree Cements Ltd. traded 0.15 per cent up in Wednesday's trade at 11:26AM (IST). Around 158 shares changed hands on the counter.

Pankaj Tibrewal, Senior EVP & Fund Manager (Equity), Kotak MF, says “our sense is that consumption around the second half of this year should start picking up, led by festive season as well as election spending and do not forget that this time the wedding dates in the second half are about 35-36 days which is one of the highest over the last four-five years. So, broadly speaking, in the near term, markets may face headwinds. However, if you take a three- to five-year view, India is very nicely positioned from an economic cycle perspective.” Tibrewal also says, “a lot of money is probably chasing little stocks and now market participants are navigating from higher to lower quality. This is something we need to be a little worried about and hence our cautious stance on mid and smallcaps in the near term. But if you take a three-five-year view, the space is always exciting. There are bottom-up opportunities.” With the negative undertone that we are seeing across on the Wall Street with rising bond yields, etc, do you believe that it poses a major threat for our own markets or do you think that we will continue to hold out and these are just mere bumps along the way? In the near term, there are headwinds both from global and local economic data which are emerging.

On the BSE, Shashwat Furnishing(down 11.10 per cent), Naturo Indiabull(down 7.30 per cent), Inducto Steel(down 6.48 per cent), Alpine Housing(down 6.48 per cent) and MAC Hotels(down 6.42 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 9 stocks traded in the green, while 41 stocks traded in the red.

Natco Pharma Ltd.(up 0.66 per cent), Dr. Reddy's Laboratories Ltd.(up 0.55 per cent), Granules India Ltd.(up 0.54 per cent) and Pfizer Ltd.(up 0.41 per cent) were among the top gainers.

Dalal Street bulls, if historical data for the last 10 years is anything to go by. In the last 10 years, the benchmark Nifty 50 has given positive monthly returns nine times, with an average return of 2.9%. ETMarkets did a further analysis of stocks that have given positive returns to investors consistently in October in the last three years. The analysis revealed that there are five such stocks that have given double-digit returns in October in each of the last three years.

Gautam Shah, Founder & Chief Strategist, Goldilocks Premium Research, says “it does seem that over the next many weeks, maybe even many months, the Nifty just broadly stays in a range and digests the news flow around elections and oil and global markets whereas stocks and sectors continue to do well. There will be pockets that will stand out like auto ancillary, sugar, infrastructure, power. There will be pockets that will stand out like unlock trade, hotel stocks. So concentrate on these pockets and not on the typical usual top 50-100 names.” The entire engine or the propeller of this market are banks. But banks have not participated. Now, the technical theory is that the weakest sector would always lead the decline. Banking, which was supposed to be the strongest outperforming sector for 2020, has turned out to be the weakest sector. Could it be that the banks surprisingly could actually lead the decline because technically, that is a setup? The writing is on the wall, banks will lead the market down.

Nine out of 10 Nifty IT index constituents managed to beat the benchmark Nifty50, which rose 2.3% in Q2. LTIMindtree, the latest addition to the 50-pack Nifty, was the only laggard, but it, too, managed to remain in the green. Sonam Srivastava, founder and fund manager at Wright Research, said the resurgence in Nifty IT stocks is influenced by several factors.

Day trading guide for today: On account of weak global cues, Indian stock market finished lower on Tuesday. Nifty 50 index lost 109 points and closed at 19,528 levels, BSE Sensex shed 316 points and ended at 65,512 mark whereas Bank Nifty index finished 185 points lower at 44,399 levels. In broad market, small-cap index surged 0.61 per cent while mid-cap index managed to end marginally higher on the previous session.

Sensex declined 316 points to settle at 65,512, while the Nifty fell 109 points to end at 19,528. Stocks that were in focus included names like Eicher Motors, which fell 2.68%, Network 18, which rose 8.07%, and Escorts, whose shares declined 1.73% on Tuesday. Here's what Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, recommends investors should do with these stocks when the market resumes trading today. Eicher Motors — Sell From the lows of 3125, the stock has witnessed a Bull Run to make the high of 3539 odd levels. Higher Top Higher Bottom pattern was seen as Bulls were having upper hand on price.

₹2,034.14 crore of equities in the Indian share market on Tuesday. The DIIs turned into net buyers by investing ₹1,361.02 crore.The 10-year Treasury yield climbed again Tuesday, up to 4.79% from 4.69% late Monday and from just 0.50% early in the pandemic.

Buy or sell stocks for today: Following weak global market cues, Indian stock market ended lower on Tuesday. Nifty 50 index lost 109 points and closed at 19,528 levels, BSE Sensex shed 316 points and ended at 65,512 mark whereas Bank Nifty index finished 185 points lower at 44,399 levels.

Sensex declined 316 points to end at 65,512, while the Nifty 50 fell 110 points to 19,529 on October 3. Nifty 50 formed a small negative candle on the daily chart, post small upside bounce. “Technically, this pattern reflects lack of strength in the market to sustain the highs.

Sensex declined 316 points to end at 65,512, while the Nifty 50 fell 110 points to 19,529 on Tuesday. “Given the global concerns of more US rate hikes along with 16-year high US 10-year bond yield and 7-month high Dollar Index, the sentiments remain dented and thus is resulting in profit booking. In the near term, we expect this weakness to persist with stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

₹222.55, a 6.5% increase from the ₹209 close on 27 September. A Bloomberg report on 28 July ran the news of the restructuring a day before the formal announcement. On that day, the delivery stood at 7.8 million shares, while on the announcement day, it totalled 8.2 million shares.

India’s largest IT conglomerate, Tata Consultancy Services (TCS), recently signalled a momentous shift in the corporate world by discontinuing its hybrid work policy. Starting 1 October, all TCS employees have been mandated to work from office for five days a week. The move by TCS, a trendsetter in India’s corporate landscape, could set a precedent for other companies, potentially reshaping the future of work environments and positively impacting Real Estate Investment Trusts (Reits).