NIFTY Financial News

Passive funds have taken a centre stage in India in the past few years, contributing around ₹7 trillion to the overall assets under management (AUM) crossing the ₹46 trillion mark. The market regulator, Sebi, has also recognized the the emergence of passive funds, i.e exchange traded funds (ETFs), and index funds as an investment product for retail investors.

Sakthi Sugars(up 0.46%) stood among the top gainers. DCM Shriram Industries(down 4.60%), MAGADHSUGAR(down 3.11%), Dalmia Bharat Sugar & Industries(down 2.73%), Simbhaoli Sugars(down 2.73%), Bannari Amman Sugars(down 2.49%), Dwarikesh Sugar Industries(down 2.20%), BAJAJHIND(down 2.10%), Mawana Sugars(down 1.93%), Vishwaraj Sugar Industries(down 1.90%) and Ponni Sugars(Erode)(down 1.89%) were among the top losers of the day.

Golden Crossover is and analyze 10 stocks handpicked by ETMarkets that have recently exhibited this pattern. The Golden Crossover is a popular technical analysis pattern used by traders and investors to identify potential shifts in stock trends. This pattern occurs when a short-term moving average crosses above a long-term moving average. Now, let's explore the 10 stocks that have recently experienced the Golden Crossover: 1) Adani Enterprises Ltd. 50-Day SMA: Rs 2498 200-Day SMA: Rs 2444 2) Adani Ports & Special Economic Zone Ltd. 50-Day SMA: Rs 804.2 200-Day SMA: Rs 728.2 3) Apollo Hospitals Enterprise Ltd. 50-Day SMA: Rs 5011.2 200-Day SMA: Rs 4691.2 4) Asian Paints Ltd. 50-Day SMA: Rs 3280.6 200-Day SMA: Rs 3076.2 5) Axis Bank Ltd. 50-Day SMA: Rs 978.6 200-Day SMA: Rs 924.1 6) Bajaj Auto Ltd. 50-Day SMA: Rs 4797.7 200-Day SMA: Rs 4300.6 7) Bajaj Finance Ltd. 50-Day SMA: Rs 7339.1 200-Day SMA: Rs 6671.5 8) Bajaj Finserv Ltd. 50-Day SMA: Rs 1534.7 200-Day SMA: Rs 1450.6 9) Bharat Petroleum Corporation Ltd. 50-Day SMA: Rs 359.4 200-Day SMA: Rs 351.9 10) Bharti Airtel Ltd. 50-Day SMA: Rs 886.6 200-Day SMA: Rs 821.3 (Disclaimer: This is an AI-generated article.

Agro Phos(up 6.39%), ZUARIAGRO(up 1.38%), Mangalore Chemicals & Fertilizers(up 0.89%), Deepak Fertilizers & Petrochemicals(up 0.61%), Paradeep Phosphates(up 0.49%) and Coromandel International(up 0.01%) stood among the top gainers. Aries Agro(down 1.67%), Sikko Industries(down 1.60%), National Fertilizer(down 1.58%), KRISHANA(down 1.37%), Madras Fertlizers(down 1.30%), Fertilizers & Chemicals Tranvancore(down 1.17%), Nagarjuna Fertilizers & Chem(down 1.17%), Rama Phosphates(down 1.01%), Rashtriya Chemicals & Fertilizers(down 0.91%) and Khaitan Chemicals & Fertilizers(down 0.84%) were among the top losers of the day.

Benchmark NSE Nifty closed 109.55 points down at 19528.75 amid selling in frontline bluechip counters. However, stocks such as ideaForge Technology, FutureLifestyleFash, Ratnaveer Precision, PowerGrid Infa InvIT and Adani Gas, touched their fresh 52-week lows.

On the BSE, Shreeshay Engineers(down 10.53 per cent), Saianand Commercial(down 10.53 per cent), Shoora Designs(down 9.39 per cent), Containe Technologie(down 8.54 per cent) and KPT Industries(down 8.34 per cent) stood among the top losers in today's trade. In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.

Jubilant Foodworks Ltd. gained 1.08 per cent to Rs 538.85 in Tuesday's trade. It hit a high of Rs 539.7 and low of Rs 529.45 during the session.

Tata Elxsi Ltd. gained 0.08 per cent to Rs 7227.05 in Tuesday's trade as of 11:52AM (IST). The stock hit a high price of Rs 7267.0 and low of Rs 7175.0 during the session.

Groww Nifty Total Market Index Fund is open for subscription and Edelweiss Multi Cap Fund and Baroda BNP Paribas Small Cap Fund will open for subscription later this week. Edelweiss Multi Cap Fund Edelweiss Multi Cap Fund is an open-ended equity scheme that will invest across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme will open for subscription on October 4 and it will close on October 18.

ICICI Prudential Life Insurance Company Ltd. slipped 0.04 per cent to Rs 565.3 in Tuesday's trade. It hit a high of Rs 566.55 and low of Rs 560.05 during the session.

DLF Ltd. traded 0.21 per cent up in Tuesday's trade at 11:47AM (IST). Around 38,853 shares changed hands on the counter.

Maruti Suzuki, Hero MotoCorp, Tata Motors, Bajaj Auto fell anywhere between 1% to 3%. Decline in auto stocks dragged Nifty Auto index over 1% lower. The index was also the top sectoral loser on NSE.

Bajaj Auto. Also Read: Maruti Suzuki, Hero Moto, Eicher Motors, among other auto stocks fall; Nifty Auto down over 1% Domestic two-wheeler sales fell 9% to 2,02,510 units from 2,22,912 units, YoY. Exports of two-wheelers were marginally down at 1,25,202 units last month from 1,25,443 units in September last year.

Ashok Leyland Ltd. rose 0.81 per cent to Rs 178.4 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19510.35, down 127.95 points. The scrip had closed at Rs 176.95 in the previous session.

Federal Bank Ltd.(up 2.13 per cent), Punjab National Bank(up 0.49 per cent), IndusInd Bank Ltd.(up 0.34 per cent), Axis Bank Ltd.(up 0.24 per cent) and Bank of Baroda(up 0.18 per cent) were among the top gainers. Kotak Mahindra Bank Ltd.(down 0.99 per cent), Au Small Finance Bank Ltd.(down 0.96 per cent), HDFC Bank Ltd.(down 0.95 per cent), State Bank of India(down 0.83 per cent) and ICICI Bank Ltd.(down 0.69 per cent) were the top losers on the index.

midcap stocks have managed to outbeat Nifty for all the six months of FY23. Nifty Midcap 150 and Nifty Smallcap 250 indices have not only fared better than Nifty in each of the last 6 months but have also given positive returns all throughout. In March 2023, when Nifty started to recover, the mid and smallcap indices were still under selling pressure.

As more than 50% of Bank Nifty constituents are still above 50-DMA, the index could find new leaders, says Anand James, Chief Market Strategist at Geojit Financial Services. “Also the Bank Nifty index appears due for a bounce back, but we would be first interested in initiating shorts on pull back to 45000. However, we feel that, after due consolidation, the latter part of October could see a breakout beyond this region,” he says. Edited excerpts from a chat: Nifty ended September 1.5% stronger despite all the negative news surrounding rising crude, bond yields and dollar index. Given the fact that FIIs are having $733 million short position in index futures, where do you see the index going in October which is known as 'Bear Killer'? FIIs have ramped up their index future shorts, which now constitute 27% of shorts in the segment across participants.

returns. An analysis of the performance of stocks with a market capitalization of over Rs 1,000 crore showed that there were five such stocks which gave double-digit returns in each of the last six months and even turned multibaggers in H1FY24. These five superstars of FY24 belong to the midcap and smallcap segments that outperformed the benchmark by a wide margin in the last six months.

“We expect sectors such as 1)IT, 2)Healthcare, 3)Manufacturing, and 4)Consumer Discretionary to drive the next leg of the rally, given their attractive valuations and strong fundamentals,” says Aditya Sood, Fund Manager- InCred Asset Management. In an interview with ETMarkets, Sood said: “We expect a mixed bag of earnings for the rest of the financial year; with the automobile and financials expected to perform resiliently, the earnings of cement and consumer companies are expected to be under pressure” Edited excerpts: What a week for Indian markets – 20,000 and then some profit taking in the week gone by. How are you looking at markets? At the current levels, we believe the markets are fairly valued and foresee limited scope for multiple expansions in the short term.

Day trading guide for today: After US shutdown getting averted, Wall Street traded mixed but Nasdaq witnessed 0.67 per cent rise during Monday deals. However, Dalal Street will be under scanner today as it is opening after a three days gap due to extended week off.

Buy or sell stocks for today: After US shutdown getting averted, Wall Street traded mixed but Nasdaq witnessed 0.67 per cent rise during Monday deals. As Indian stock market was closed on 2nd October for Mahatama Gandhi Jayanti, Dalal Street is expected to react on US shutdown news during early morning deals on Tuesday.