NIFTY Financial News

Nifty ended Thursday’s weekly expiry 159 points lower to form a long bear candle with an unfulfilled opening down gap on the daily chart. Technical analysts say sharp reversals with more gap-up or gap-down moves indicate that the trend could continue longer. The next important support to be watched is around 19,550 levels, which is a weekly 10-period EMA.

Energy Development Company(up 4.90%), Adani Power(up 3.81%), Jaiprakash Power Ventures(up 2.96%), ADANIGREEN(up 1.44%), KPI Green Energy(up 0.53%), KEC International(up 0.41%) and Hitachi Energy India(up 0.40%) stood among the top gainers. SJVN(down 13.09%), NHPC(down 5.68%), Transformers and Rectifiers(India)(down 5.67%), Alstom T&D India(down 4.98%), RTNPOWER(down 4.83%), PTC India(down 4.37%), Gujarat Industries Power(down 3.57%), JSW Energy(down 3.36%), NLC India(down 2.85%) and Tata Power Company(down 2.04%) were among the top losers of the day. The NSE Nifty50 index ended 159.05 points down at 19742.35, while the 30-share BSE Sensex closed down 570.6 points at 66230.24. Adani Ports & Special Economic Zone Ltd.(up 1.59%), Tech Mahindra Ltd.(up 1.35%), Dr.

Shares of Mahindra Lifespace Developers Ltd.(up 0.64 per cent) and Prestige Estates Projects Ltd.(up 0.36 per cent) ended the day as top gainers in the pack. On the other hand, Indiabulls Real Estate Ltd.(down 3.31 per cent), Sobha Ltd.(down 2.42 per cent), Godrej Properties Ltd.(down 2.19 per cent), Macrotech Developers Ltd.(down 1.53 per cent) and Brigade Enterprises Ltd.(down 1.33 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.21 per cent down at 565.25. Benchmark NSE Nifty50 index ended down 159.05 points at 19742.35, while the BSE Sensex stood down 570.6 points at 66230.24. Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red. Shares of IOB, JP Power, YES Bank, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of Jindal Photo, KSB, Dishman Carbogen, Nava Bharat Vent.

Benchmark NSE Nifty closed 159.05 points down at 19742.35 amid selling in frontline bluechip counters. However, stocks such as FutureLifestyleFash, Jiwanram Sheoduttrai, Pramara Promotions, Penta Gold and Vaxtex Cotfab, touched their fresh 52-week lows. Overall, 15 shares ended in the green in Nifty50 index, while 35 closed in the red. In the Nifty 50 index, Adani Ports SEZ, Tech Mahindra, Dr.

Madhav Marbles and Granites(up 5.77%), KIOCL(up 4.26%) and 20 Microns(up 1.09%) stood among the top gainers. Pokarna(down 4.39%), MOIL(down 3.07%), Ashapura Minechem(down 2.92%), NMDC Ltd(down 2.77%), Aro Granite Industries(down 2.51%), Gujarat Mineral Dvpt Corporation(down 1.60%), Coal India(down 1.35%), Oriental Trimex(down 0.68%), Orissa Minerals Development Company(down 0.45%) and Lexus Granito(down 0.27%) were among the top losers of the day. The NSE Nifty50 index ended 159.05 points down at 19742.35, while the 30-share BSE Sensex closed down 570.6 points at 66230.24. Adani Ports & Special Economic Zone Ltd.(up 1.59%), Tech Mahindra Ltd.(up 1.35%), Dr.

Shares of Bandhan Bank Ltd.(up 0.22 per cent) ended the day as top gainers in the pack. On the other hand, Bank of Baroda(down 2.95 per cent), ICICI Bank Ltd.(down 2.82 per cent), State Bank of India(down 2.15 per cent), IndusInd Bank Ltd.(down 2.02 per cent) and Punjab National Bank(down 1.89 per cent) finished as the top losers of the day. The Nifty Bank index closed 1.68 per cent down at 44623.85. Benchmark NSE Nifty50 index ended down 159.05 points at 19742.35, while the BSE Sensex stood down 570.6 points at 66230.24. Among the 50 stocks in the Nifty index, 15 ended in the green, while 35 closed in the red. Shares of IOB, JP Power, YES Bank, Vodafone Idea and Suzlon Energy were among the most traded shares on the NSE. Shares of Jindal Photo, KSB, Dishman Carbogen, Nava Bharat Vent.

Dodla Dairy(up 3.42%), Hindustan Foods(up 2.76%), Hatsun Agro Product Ltd(up 1.57%), Varun Beverages(up 1.09%), Britannia Industries(up 0.69%), Hindustan Unilever(up 0.26%), TATA CONSUMER PRODUCTS(up 0.15%) and Marico(up 0.03%) stood among the top gainers. Euro India Fresh Foods(down 3.86%), ADF Foods(down 3.58%), Emami(down 3.27%), Umang Dairies(down 2.37%), P & G Hygiene(down 1.91%), Mrs Bectors Food Specialities(down 1.86%), Parag Milk(down 1.62%), Gillette India(down 1.43%), Tasty Bite Eatables(down 1.25%) and Heritage Foods(down 1.13%) were among the top losers of the day. The NSE Nifty50 index ended 159.05 points down at 19742.35, while the 30-share BSE Sensex closed down 570.6 points at 66230.24. Adani Ports & Special Economic Zone Ltd.(up 1.59%), Tech Mahindra Ltd.(up 1.35%), Dr.

On the BSE, Ganga Pharmaceutical(down 20.00 per cent), Shiva Granito Export(down 18.42 per cent), Elixir Capital (down 14.74 per cent), SJVN(down 13.05 per cent) and Alacrity Sec(down 12.76 per cent) stood among the top losers in today's trade. In the Nifty pack, 15 stocks closed in the green, while 35 stocks ended in the red. The index closed 159.05 points down at 19742.35. On the BSE, Adcon Capital Servic(PP), Innovatus Entertain, FutureLifestyleFash, Padmanabh Alloys and Toyam Industries hit their fresh 52-week lows, while Jindal Photo, Jindal Capital, MPL Plastics, Tuticorin Alkali and KSB touched their fresh 52-week highs in today's trade.

rupee ended flat on Thursday as broad strength in the greenback was offset by exporter dollar sales and fears of potential central bank intervention to limit the downside, traders said. The rupee ended at 83.09 against the U.S. dollar, little changed from 83.0725 in the previous session. Asian currencies were mostly weaker, with the Korean won leading losses as dollar strength weighed on emerging market currencies. The dollar index rose to a six-month high in Asia and was last quoted at 105.54.

Feroze Azeez, Deputy CEO, Anand Rathi Pvt Wealth, says “the implied exposure should be at least 50-55% in largecaps, 20% in midcaps and about 25% in smallcaps. On January 2, 2023, we realized that smallcap is going to go through a huge price or PE re-rating. So, in terms of market cap allocation, the funds which one should choose from should be in multi-cap category, large cap category, contra, dividend yield and flexi cap. These are the five categories one should focus on. The one other category could be a focused fund which is SBI Contra. Don’t get into sectoral bets, especially in a year preceding a general election.”Can you give an overview on what kind of strategies on a broader level have worked for what kind of funds?Yes, there are several strategies which have worked while some have not worked in different periods of time.

Kotak Mahindra Bank Ltd, Zomato, Paytm and other companies with significant investments from Canada Pension Plan Investment Board (CPPIB) declined as the fresh tensions between India-Canada relationship escalated. Canada Pension Plan Investment Board is the largest pension manager in Canada and has significant holdings in some of the Indian companies. CPPIB disclosed an investment of $21 billion ( ₹1.74 lakh crore) in India about a year ago.

Nifty 50 and Sensex end in the negative territory for the third consecutive session. Weak global cues continued weighing on domestic market sentiment. Major European markets, including France's CAC, Germany's DAX and the UK's FTSE fell up to a per cent ahead of the Bank of England interest rate decision.

Nifty IT index has been in the green since May this year on a monthly basis but concerns are growing that if interest rates in the US stay high for a longer than expected period, it will impact the Indian IT stocks. An aggressive Fed is bad news for economic growth in the US and a weakness in the US economy is bad news for Indian IT companies because of their high exposure to the US market. Even though the US Fed maintained a pause on interest rate hikes, on expected lines, its hawkish tone appears to have spooked markets and the Nifty 50 suffered a loss of almost a per cent in intraday trade on Thursday.

Marico Ltd. slipped 0.61 per cent to Rs 570.85 in Thursday's trade.

«As far as the banking index is concerned that index is already at the support area of 45000 so on the closing basis something which we should look at because the kind of volatility that we have seen in the last few days it has been quite fast,» says Rahul Sharma, JM Financial Services.Just wanted to begin by discussing the market texture with you because after that 20200 level we have suddenly slipped down all the way to 19750, what do you make of this, is it just the weekly options expiry move or this was the consolidation that the markets needed?There are two sides to every market move, so the good side is the correction is happening fast. The bad side is the correction is pretty steep in terms of number of points but that is something that we can expect considering the way we moved from 19200 odd to 20200. Now the crux of the whole situation is the entire bullish setup should remain intact as long as we do not breach 19600 on a closing basis. So like you said it could be an expiry related over reaction on the downside but my sense is we should be looking at cherry-picking some of the stocks and sectors which standout in spite of the broader market fall.

The correction which the nifty and sensex has been witnessing for the last seven weeks was finally felt by the large majority of stock last Tuesday. This week once again markets are in corrective moves and unlike in the past when mid and small caps were able to keep their head above water, even some part of the mid-cap markets have slipped sharply.

Sensex lost 242 points on Monday, 796 points on Wednesday and over 600 points on Thursday, taking the total loss to 1532 points this week. The market was shut on Tuesday to mark Ganesh Chaturthi festival. In the meantime, the market capitalisation of all companies listed on BSE has also fallen to Rs 319.5 lakh crore, taking the total investor wealth erosion to Rs 3.9 lakh crore. Last night, the US Federal Reserve didn't opt for an interest rate hike but projected one more 25-basis-point rate hike this year and 50 bps of rate cuts in 2024, versus 100 bps of 2024 cuts in June projections. The markets are likely to remain under pressure till they adjust and digest the fact that interest rates are actually not going down in a hurry. «We believe that high-interest rates are not good for the markets.

Stock market today: EMS share price today listed on BSE and NSE at a stronf premium despite Indian stock market extending its slide on third day in a row. EMS share price today opened on BSE at ₹281.55 apiece levels whereas it opened on NSE at ₹282.05 apiece levels, delivering over 33 per cent listing gain to the lucky allottees against the EMS IPO price band of ₹200 to ₹211 per equity share.

Stock market today: Key benchmark indices extended its slide for third straight session during morning deals on Thursday. BSE Sensex today opened lower at 66,608 and went on to hit intraday low of 66,219 levels, logging near 0.87 per cent dip during Thursday deals.

If one has to go by recent indications from management of different auto companies, the mood in the industry is positive about the forthcoming festive season. For the auto industry, headwinds like rising input cost, stagnant demand are becoming things of the past.

Colgate-Palmolive (India) Ltd. traded 0.04 per cent lower in Thursday's session at 11:47AM (IST).