NIFTY Financial News

Crompton Greaves Consumer Electricals Ltd. traded 1.01 per cent up in Wednesday's trade at 12:18PM (IST). Around 38,817 shares changed hands on the counter.

Marico Ltd. traded 0.01 per cent down at Rs 583.2 on Wednesday at around 12:07PM (IST), while the benchmark BSE Sensex declined 78.96 points to 65866.51. As many as 305,536 shares changed hands on the counter with a total value of Rs 17.78 crore.

ACC Ltd. gained 0.22 per cent to Rs 2019.2 in Wednesday's trade. It hit a high of Rs 2025.0 and low of Rs 2007.25 during the session.

SRF Ltd. traded 0.4 per cent up in Wednesday's trade at 11:31AM (IST). Around 6,372 shares changed hands on the counter.

LTIMindtree Ltd.(up 0.71 per cent), Coforge Ltd.(up 0.59 per cent), L&T Technology Services Ltd.(up 0.43 per cent), MphasiS Ltd.(up 0.09 per cent) and Tech Mahindra Ltd.(up 0.05 per cent) were among the top gainers. Infosys Ltd.(down 0.48 per cent), HCL Technologies Ltd.(down 0.42 per cent), Wipro Ltd.(down 0.29 per cent), Persistent Systems Ltd.(down 0.05 per cent) and Tata Consultancy Services Ltd.(down 0.01 per cent) were the top losers on the index.

Click here!) Adani Enterprises, HDFC Bank, Axis Bank, ITC and Tata Consumer are the stocks that will see their weight up in the Nifty 50 index. On the other hand, the weight of Adani Ports, Wipro, JSW Steel, Reliance Industries and Infosys will go down in the Nifty 50 index, said Pagaria.

Cipla Ltd.(up 1.82 per cent), Granules India Ltd.(up 1.61 per cent), Lupin Ltd.(up 1.56 per cent), Gland Pharma Ltd.(up 1.49 per cent) and Dr. Reddy's Laboratories Ltd.(up 1.25 per cent) were among the top gainers.

On the BSE, Ramchandra Leasing(down 20.00 per cent), O P Chains Ltd.(down 19.00 per cent), Goblin India(down 13.78 per cent), Sakuma Exports(down 12.68 per cent) and Williamson Magor(down 9.97 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 14 stocks traded in the green, while 36 stocks traded in the red.

Agro Phos(up 1.62%), Coromandel International(up 1.14%), ZUARIAGRO(up 1.04%), Nagarjuna Fertilizers & Chem(up 0.58%), Madhya Bharat Agro Products(up 0.36%), Sikko Industries(up 0.34%), Madras Fertlizers(up 0.32%) and Rama Phosphates(up 0.19%) were among the top gainers. Aries Agro(down 1.66%), Mangalore Chemicals & Fertilizers(down 1.34%), Fertilizers & Chemicals Tranvancore(down 1.20%), KRISHANA(down 0.77%), Rashtriya Chemicals & Fertilizers(down 0.74%), G S F C(down 0.74%), Chambal Fertilisers & Chemicals(down 0.52%), Paradeep Phosphates(down 0.49%), Southern Petrochemicals Industries(down 0.40%) and Khaitan Chemicals & Fertilizers(down 0.30%) were among the top losers.

Sona BLW Precision Forgings Ltd.(up 0.46 per cent) and Ashok Leyland Ltd.(up 0.08 per cent) were among the top gainers. Tube Investments of India Ltd.(down 1.67 per cent), Eicher Motors Ltd.(down 1.04 per cent), Balkrishna Industries Ltd.(down 0.99 per cent), Samvardhana Motherson International Ltd.(down 0.92 per cent) and Bajaj Auto Ltd.(down 0.74 per cent) were the top losers on the index.

Sensex fell 78 points to settle at 65,945, while the broader Nifty dropped 9.85 points to end at 19,664. Stocks that were in focus included names like Strides Pharma, which fell 1.84%, Tata Steel, which rose 1.22%, and Sun TV, whose shares declined 1.28% 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. Strides Pharma — Buy After consolidating in the range of 410-480 levels for th2 months from July 2023 price breached the consolidation range at 480 and gave a upside rally to make the 21 months highs of 522 odd levels. From the high price witnessed some correction and made a low around range high of 480 and with relatively high volume price gave some pull back to make news high of 550 odd levels. Stock looks good at current price as the volumes are on rise also price is trading above all three major averages and trading at 21 months higher level. The Stochastics Oscillator is also moving in an upward trend along with an increase in volume indicating further upside from here.

Sensex closed flat with a lower bias following weak cues from global peers as the US Treasury yields hit a multi-year high and the US dollar rose to a 10-month high level amid concerns over interest rates staying high for an extended period and its impact on the global economy. The Sensex closed 78 points, or 0.12%, lower at 65,945.47, while the Nifty 50 finally ended at 19,664.70, down 10 points, or 0.05%. Also Read: 6 things that changed for the stock market overnight - Gift Nifty to falling US consumer confidence Nifty formed a small body of negative candle on the daily chart with minor upper and lower shadow.

Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday —September 27 Here are key domestic and global markets cues for the Indian stock market today: Asian markets traded mixed on Wednesday following overnight losses on Wall Street amid concerns over a longer period of higher interest rates. Investors await China’s industrial data and Australia’s August inflation figures due today. Japan’s Nikkei 225 declined 0.71% and the Topix fell 0.63%.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled lower in the previous session due to select profit taking in IT and banking shares in line with weak Asian markets and continuous foreign fund outflows. Nifty 50 opened at 19,682.80 against the previous close of 19,674.55 and touched the intraday high and low of 19,699.35 and 19,637.45 respectively. Nifty 50 finally closed at 19,664.70, down 10 points, or 0.05 per cent.

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«Markets are likely to remain under pressure amid a sharp surge seen in U.S. 10-year treasury yields to 16-year highs of 4.5%. Also mounting concerns over China’s real estate sector, and FIIs offloading in domestic equities dampened the sentiment,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 19,737, signaling that Dalal Street was headed for muted start on Wednesday.

Here's how analysts read the market pulse: «Nifty remained largely range-bound throughout the day as traders appeared uncertain. However, the short-term sentiment remains bearish as Nifty closed below the 21EMA.

Alstom T&D India(up 5.00%), Power & Instrumentation(Gujarat)(up 4.90%), RTNPOWER(up 4.76%), JSW Energy(up 4.45%), Energy Development Company(up 3.54%), Inox Wind Energy(up 2.70%), Inox wind(up 2.37%), DPSC(up 2.13%), Transformers and Rectifiers(India)(up 2.07%) and Suzlon Energy(up 1.96%) stood among the top gainers. Voltamp Transformers(down 5.22%), GE Power India Limited(down 2.27%), NLC India(down 2.11%), SJVN(down 1.79%), Adani Energy Solutions(down 1.51%), Hitachi Energy India(down 1.28%), NHPC(down 1.24%), Adani Power(down 0.96%), Orient Green Power Company(down 0.74%) and Power Grid Corporation of India(down 0.28%) were among the top losers of the day.

rupee fell on Tuesday because of month-end dollar demand, and as U.S. Treasury yields gained on renewed bets that interest rates in the U.S.

Arnav Pandya, Founder, Moneyeduschool, says “if you just have a very small portfolio which is dedicated to micro caps, chances are that it could be a long period of time before say one or two or even any of them perform well. So that requires that if you have a slightly broader exposure, as you can see with this kind of passive fund, you are getting a bigger exposure in the market. This in some sense also reduces the risk for the investor.”Clearly the kind of returns that we are witnessing in the microcap space, at least what we have seen in Nifty microcap 250 TRI, which has been up 44% compared to Nifty 100 TRI. Is this a specific market kind of run that we are witnessing? Also, talking about microcaps, what kind of industries and space are we talking about?The first thing that you need to understand is that there is no clear definition of microcap per se. Hence, it is open to interpretation but usually as most people understand it, any company after the top 500 companies are considered in the microcap space.

Bannari Amman Sugars(up 1.33%) and Kothari Sugars & Chemicals(up 0.09%) stood among the top gainers. Rajshree Sugars & Chemicals(down 4.09%), BAJAJHIND(down 3.72%), Uttam Sugar Mills(down 3.60%), Dalmia Bharat Sugar & Industries(down 3.08%), Dhampur Sugar Mills(down 2.90%), Sakthi Sugars(down 2.50%), K.M.Sugar Mills(down 2.29%), Mawana Sugars(down 2.29%), AVADHSUGAR(down 2.15%) and Triveni Engineering & Industries(down 2.07%) were among the top losers of the day. The NSE Nifty50 index ended 9.85 points down at 19664.7, while the 30-share BSE Sensex closed down 78.22 points at 65945.47. Eicher Motors Ltd.(up 2.52%), Hero MotoCorp Ltd.(up 2.0%), Nestle India Ltd.(up 1.62%), Bajaj Auto Ltd.(up 1.27%), Oil And Natural Gas Corporation Ltd.(up 1.21%), Tata Steel Ltd.(up 1.17%), Grasim Industries Ltd.(up 0.93%), Divi's Laboratories Ltd.(up 0.67%), Britannia Industries Ltd.(up 0.65%) and Bajaj Finance Ltd.(up 0.64%) stood among the top gainers in the Nifty pack. On the other hand, IndusInd Bank Ltd.(down 1.36%), Cipla Ltd.(down 1.33%), Tech Mahindra Ltd.(down 1.31%), Kotak Mahindra Bank Ltd.(down 1.13%), Adani Enterprises Ltd.(down 0.97%), Asian Paints Ltd.(down 0.91%), Infosys Ltd.(down 0.91%), Apollo Hospitals Enterprise Ltd.(down 0.85%), ICICI Bank Ltd.(down 0.79%) and Titan Company Ltd.(down 0.65%) closed in the red.