NIFTY Financial News

Domestic benchmark index NSE Nifty ended 9.85 points down at 19664.7, while the BSE Sensex closed 78.22 points down at 65945.47. On the other hand, Winsome Yarns, Shreyas Ship, Airan Ltd., IFCI and Divgi Torqtransfer stocks hit their fresh 52-week highs today. In the Nifty 50 index, Eicher Motors, Hero MotoCorp, Nestle India, Bajaj Auto and ONGC were among the top gainers on the NSE in the today's trade. Meanwhile, IndusInd Bank, Cipla, Tech Mahindra, Kotak Bank and Adani Ent.

The 30-share BSE benchmark Sensex declined 78 points or 0.12% to settle at 65,945. The broader NSE Nifty dropped 10 points or 0.05% to end at 19,665. From the Sensex pack, Tech Mahindra, Infosys, Asian Paints, ICICI Bank, and Kotak Bank closed with cuts, while Nestle, Tata Steel, M&M, Bajaj Finance, and HUL closed higher. Eicher Motors closed 2.6% higher after global brokerage firm Jefferies raised its price target to Rs 4,150 from Rs 4,000. Shares of Strides Pharma fell 2% after the company announced plans to spin off its CDMO (Contract Development and Manufacturing Organisation) and soft gelatin businesses into a new entity, OneSource. Nifty IT index fell 0.54% on fears of a delayed demand recovery in the US due to higher interest rates.

Shares of IDFC First Bank Ltd.(up 1.32 per cent), Au Small Finance Bank Ltd.(up 1.04 per cent), Federal Bank Ltd.(up 0.5 per cent), HDFC Bank Ltd.(up 0.43 per cent) and State Bank of India(up 0.05 per cent) ended the day as top gainers in the pack. On the other hand, Bank of Baroda(down 1.72 per cent), IndusInd Bank Ltd.(down 1.36 per cent), Kotak Mahindra Bank Ltd.(down 1.13 per cent), Punjab National Bank(down 1.05 per cent) and ICICI Bank Ltd.(down 0.79 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.32 per cent down at 44624.2. Benchmark NSE Nifty50 index ended down 9.85 points at 19664.7, while the BSE Sensex stood down 78.22 points at 65945.47. Among the 50 stocks in the Nifty index, 26 ended in the green, while 24 closed in the red. Shares of Vodafone Idea, JP Power, IFCI, IOB and Suzlon Energy were among the most traded shares on the NSE. Shares of Winsome Yarns, Shreyas Ship, Airan Ltd., IFCI and Divgi Torqtransfer hit their fresh 52-week highs in today's trade, while Rite Zone Chemcon In, Chavda Infra, Jiwanram Sheoduttrai, Jalan Transolutions and Essen Speciality Fil hit their fresh 52-week lows.

«The rally may continue due to more flows and less companies to invest in,» Kalpen Parekh, managing director and CEO of Mumbai-based mutual fund DSP, told the Reuters Trading India forum. Mid- and small-cap indexes have significantly outperformed their larger peer in 2023. The Nifty small-cap 100 index has risen nearly 33% this year, while the Nifty midcap 50 index is up around 29%, versus an 8.7% rise in the benchmark Nifty 50.

Nirmal Bang remains cautious about the IT sector as it emphasises investors use the market rally to pare positions in IT stocks if overweight, especially in the tier-2 set. The brokerage firm has cut the FY25 revenue estimates for almost all its coverage as it expects a shallow US recession in 2024. "We advocate that investors use the ‘delayed/no landing’ rally seen since October 2022 to pare positions if overweight, especially in the tier-2 set," Nirmal Bang said in a note on September 26.

ICICI Lombard General Insurance Company Ltd. traded 0.01 per cent up in Tuesday's trade at 01:24PM (IST).

«What does that mean is that market has definitely taken a pause after four days of sharp sell-off and it can bounce back. It can bounce back till 19800, till 45000 to 45200 on Bank Nifty and 19800 on Nifty,» says Jay Thakkar, Sharekhan.What is happening on Nifty, Bank Nifty?The overall trend has definitely reversed from up to down as far as the Nifty or maybe the Bank Nifty and the Nifty financial services is concerned. I mean, the recent four days of fall, which we had seen, I mean, all of these indices have completely changed the trend. And with that, yesterday, we again saw almost a flat close on Nifty. I mean, that was a doji formation. And Nifty Bank and Fin Nifty, in fact, closed in positive territory.

Indian Hotels Company Ltd. traded 0.96 per cent up in Tuesday's trade at 12:43PM (IST).

DLF Ltd. traded 0.53 per cent up at Rs 524.85 on Tuesday at around 12:12PM (IST), while the benchmark BSE Sensex declined 27.99 points to 65995.7. As many as 26,771 shares changed hands on the counter with a total value of Rs 1.4 crore. The stock quoted a 52-week high price of Rs 544.45 and a 52-week low of Rs 336.55. On the technical charts, the 200-DMA of the stock stood at Rs 433.23, while 50-DMA was at Rs 502.3.

Read here: NSE plans to extend trading hours for derivatives segment in a phased manner: Report Meanwhile, the bourse is reportedly considering to introduce products in the evening session in a phased manner and plans begin with index futures and options including Nifty 50 and Bank Nifty. Raising concerns about traders’ health, Naresh Nambisan, a full time trader, expressed his views on social media platform, X. “Trading is a high stress job.

diversification applies not only across various asset classes but also needs to be implemented within the same asset class. This especially applies to investing in equity as an asset class. One should invest across various categories of companies/mutual fund schemes.

Au Small Finance Bank Ltd. gained 0.9 per cent to Rs 748.65 in Tuesday's trade as of 10:51AM (IST).

The NSE Nifty index traded 1.3 points up at 19675.85, while BSE Sensex was down 33.97 points at 65989.72 as of 10:49AM(IST)on September 26. In the Nifty index, Eicher Motors Ltd.(up 3.16 per cent), Tata Steel Ltd.(up 2.04 per cent), Bajaj Auto Ltd.(up 1.44 per cent), Dr.

Natco Pharma Ltd.(up 3.09 per cent), Dr.

Eicher Motors Ltd.(up 2.96 per cent), Bajaj Auto Ltd.(up 1.54 per cent), TVS Motor Company Ltd.(up 1.45 per cent), Sona BLW Precision Forgings Ltd.(up 1.25 per cent) and Hero MotoCorp Ltd.(up 1.06 per cent) were among the top gainers. Ashok Leyland Ltd.(down 1.47 per cent), Tube Investments of India Ltd.(down 0.69 per cent), Maruti Suzuki India Ltd.(down 0.32 per cent), Balkrishna Industries Ltd.(down 0.28 per cent) and Bosch Ltd.(down 0.11 per cent) were the top losers on the index. The Nifty Auto index was up 0.46 per cent at 16295.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 3.95 points at 19678.5, while the BSE Sensex was down 26.55 points at 65997.14. Among the 50 stocks in the Nifty index, 27 were trading in the green, while 22 were in the red. Shares of Vodafone Idea, JP Power, IOB, IFCI and YES Bank were among the most traded shares on the NSE. Shares of Winsome Yarns, Airan Ltd., Selan Expl Tech, Kennametal India and IFCI hit their fresh 52-week highs in today's trade, while Yudiz Solutions, Essen Speciality Fil, Sungarner Energies, Unihealth Consultanc and Pramara Promotions hit fresh 52-week lows in trade.

UTI Innovation Fund and Kotak Nifty G-Sec July 2033 Index Fund are open for subscription. Motilal Oswal Nifty 500 ETF and Bandhan Retirement Fund will open for subscription later this week.UTI Innovation Fund UTI Innovation Fund is an open-ended equity scheme following innovation theme. The new fund offer or the NFO of the scheme is open for subscription and it will close on October 9.

rupee continued its downward movement for the second straight day and fell by 8 paise to 83.21 against the US dollar in early trade on Tuesday amid massive selling by foreign equity investors and a firm American currency. Subdued equity market sentiment and elevated level of crude oil prices — hovering above USD 92 a barrel — also put downside pressure on the Indian currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 83.19 and hit the lowest level of 83.23 against the greenback.

Reliance Industries and L&T were offset by banking and IT stocks The Nifty 50 was up 10 points, or 0.05% at 19,684 as of 9:20 a.m., while the S&P BSE Sensex rose 11 points, or 0.02% to 65,958. From the Sensex stocks, Tata Steel, L&T, UltraTech Cement, and Titan opened in the green, while TCS, Asian Paints, Kotak Bank, and Axis Bank opened in the red.Strides Pharma Science shares fell over 3% after the firm approved the demerger of CDMO business into Stelis Biopharma. Century Textiles & Industries shares rose over 4% after its arm Birla Estates launched a residential project in Bengaluru. The project is expected to have a revenue potential of Rs 3000 crore. On the sectoral front, Nifty IT declined 0.55%, and Nifty Financial Services fell 0.28%.

Also Read: Nifty 50, Sensex today: What to expect from stock market indices in trade on September 26 The 10-year US Treasury yield has climbed above 4.55% and is at its highest level since October 2007 on expectations that the US Federal Reserve is likely to keep interest rates higher for longer, Reuters reported. On Monday, the rupee fell 21 paise to 83.15 a dollar. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Elevated crude oil prices, month-end dollar demand, FII selling and weak trend in domestic equities also kept the rupee under pressure.

Also Read: NSE plans to extend trading hours for derivatives segment in a phased manner: Report In the trade-for-trade (TFT) framework, speculative trading is not allowed and delivery of shares and payment of consideration amount is mandatory. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “TFT framework shall be in conjunction with all other prevailing surveillance measures being imposed by the Exchanges from time to time.

equity indices ended flat amid volatility with the Sensex closing above 66,000 level and the Nifty 50 settling at 19,674.55. Nifty formed a small body candle on the daily chart with upper and lower shadow. The opening and close were almost identical for the day.