NIFTY Financial News

Sensex tanked 825.74 points, or 1.26%, to settle at 64,571.88, while the Nifty plunged 260.90 points, or 1.34%, to 19,281.75. Tensions over regional conflict in the Middle East, worries over more rate hikes by the US Federal Reserve for an extended period and mixed corporate earnings so far spooked markets. “We expect the market to remain volatile amid rise in global uncertainties while the stock specific action is likely to continue in the market amid a busy results season.

Buy or sell stocks for today: Following weak global market sentiments as 10-year yield on US Treasuries hit 5 per cent for the first time since 2007, Indian stock market ended lower for fourth straight session. Nifty 50 index ended 260 points lower at 19,281 levels, BSE Sensex shed 825 points and closed at 64,571 mark while Bank Nifty index lost 571 points and finished at 43,151 levels.

Analysts said technical indicators are pointing to further weakness. The Nifty Midcap 150 index dropped 2.7%, the Smallcap 250 index fell 3.8% and Microcap 250 plunged 5.1% on Monday. If the Nifty Smallcap 100 index is unable to hold above a key support of 12,200, it could decline to the 11,400 range.

MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE) data, retail investors who directly buy and sell shares on its secondary market made net purchases for a second straight month in September, amounting to ₹7,500 crore.

Bandhan Mutual Fund today (October 23) announced the launch of Bandhan Nifty Alpha 50 Index Fund. It is an open-ended index scheme tracking the Nifty Alpha 50 Index, which provides investors with an opportunity to invest in a well-diversified portfolio of stocks that have generated high alpha (relatively higher returns than the market) over the last one year.

Reliance General Insurance Company Limited (RGICL) has unveiled ‘Reliance Limit Sure – Pay As You Drive’, a flexible approach to car insurance coverage valuing customers’ needs and consumption habits. In a statement, the insurer said this innovative offering will empower customers and give them complete control over their vehicle expenses, allowing them to tailor the policy to their specific needs.

Vedanta on Tuesday said Chief Financial Officer (CFO) Sonal Shrivastava has resigned amid a major structural overhaul announced last month. Ajay Goel, incumbent CFO at Indian edtech startup Byju's, will return as Vedanta's finance chief effective Oct.

Also Read: Nifty Smallcap index drops over 2% to 2-week low; NBCC, IRB lead the sell-off today Sensex closed at its lowest level in four months after breaching through 65,000. The Nifty 50 and the midcap index close at their lowest points in almost two months. The Nifty midcap 100 closed 2.88% lower, and the Nifty smallcap index lost 3.80%.

penny stocks plunged on Monday, bearing the biggest brunt of investors' increased risk aversion triggered by concerns over the surge in US bond yields and geopolitical uncertainties. The Nifty Midcap 150 dropped 2.7% and Small Cap 250 declined 3.8%, their biggest single day fall since September 12. Nifty's Microcap 250 index tumbled 5.11%. Analysts said shares of smaller companies were overbought after the recent scorching rally that had resulted in their valuations turning pricey. «We are seeing a mean reversion phenomenon in the markets where the mid- and small-cap indices both peaked in October and are now experiencing a correction at a rate faster than the Nifty» said Deepak Jasani, head of retail research at HDFC Securities.

Indian stocks plummeted Monday late afternoon after a circumspect start to the week, with yields on 10-year US treasuries breaching the 5% threshold for the first time since the Global Financial Crisis and stoking concerns that the persistent rise in global risk-free rates will further elevate the risk premium on emerging market assets. Mid- and small-cap shares, falling in the higher risk-reward matrix, were hammered with more than 80% of the BSE-listed universe ending deep in the red. «The markets were awaiting a correction and the US bond yields touching 5% brought about that trigger,» said Nischal Maheshwari, CEO-Institutional Equities, Centrum Broking. US risk-free rates were last at this level in July 2007, before Lehman Brothers had collapsed and the subprime sinkhole had swallowed a loan market anchored in complex derivatives to trigger a prolonged phase of quantitative easing by global central banks. BSE's Sensex fell 825.74 points, or 1.26%, to close at 64,571.88.

Vijayadashami or the 10th day marks the end of the nine-day Navratri festival. According to the Hindu calendar, Dussehra is observed as the victory of Lord Ram over the evil king Ravana. On October 23, the equity benchmark indices ended in deep red, extending losses for the fourth-straight session, in response to heightened geopolitical tensions, mixed quarterly earnings and spike in US treasury yields.

MUMBAI : Indian stocks plunged on concerns over the impact of rising US bond yields, the widening Israel-Hamas conflict, and the pressure on profitability posed by potentially higher crude oil prices. The decline was fuelled by widespread selling by retail and affluent investors across small- and mid-cap stocks, which had previously outperformed their large-cap counterparts. The Nifty and Sensex fell by more than a percent each, breaching key supports, while the Nifty Midcap 150 and the Nifty Smallcap 250 indices slumped 2.7% and 3.79% each.

RBL Bank is the only stock that is under the F&O ban by the stock exchange for October 25. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contract in the mentioned list has crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

₹7,977.55 crore and bought stocks for ₹8,229.80 crore, resulting in an inflow of ₹252.25 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,022.52 crore and offloaded shares worth ₹6,910.68 crore, resulting in an inflow of ₹1,111.84 crore, the exchange data showed. The BSE 30-share Sensex shed 825.74 points, or 1.26%, to end at 64,571.88.

domestic market and in Brazil. Consolidated net profit was 3.86 billion rupees ($46.4 million) for the quarter ended Sept. 30, compared with 3.12 billion rupees a year earlier. Analysts, on average, estimated a profit of 3.87 billion rupees, as per LSEG data.

LTI Mindtree being the biggest loser, experiencing a nearly 4% decline. It was followed by Adani Enterprises, Hindalco Industries, Adani Ports & SEZ, UPL, JSW Steel, Tata Steel, TCS, Tata Motors, IndusInd Bank, HDFC Life Insurance Company, Grasim Industries, Wipro, and Coal India, all recording losses ranging from 2% to 3.6%. In 2023, the Nifty 50 has suffered a decline of over 1% on more than 11 occasions, with January 2023 having the most instances of such fall.

SBI Mutual Fund announced the launch of SBI NIFTY 1D Rate ETF, an open-ended exchange-traded fund replicating/tracking the NIFTY 1D Rate index. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Golden Crossover, a significant technical pattern, has recently caught the attention of traders. This pattern can be a powerful tool for investors looking to make informed choices. In this article, we'll break down the Golden Crossover, its importance, and explore five Nifty stocks that have recently experienced this pattern. A Golden Crossover occurs when a short-term moving average crosses above a long-term moving average.

AVADHSUGAR(up 0.95%) stood among the top gainers. Simbhaoli Sugars(down 11.30%), Sakthi Sugars(down 11.06%), Dhampur Sugar Mills(down 9.32%), Dwarikesh Sugar Industries(down 9.25%), Triveni Engineering & Industries(down 8.58%), BAJAJHIND(down 8.56%), K.M.Sugar Mills(down 8.14%), Shree Renuka Sugars(down 8.10%), Mawana Sugars(down 7.99%) and DCM Shriram Industries(down 7.73%) were among the top losers of the day.

The NSE Nifty index closed 260.9 points down at 19281.75, while BSE Sensex ended down 825.74 points at 64571.88. On the other hand, LTIMindtree Ltd.(down 3.96 per cent), Adani Enterprises Ltd.(down 3.56 per cent), Hindalco Industries Ltd.(down 3.19 per cent), Adani Ports & Special Economic Zone Ltd.(down 2.80 per cent) and UPL Ltd.(down 2.78 per cent) were among the top losers of the day.

rupee closed 13 paise higher at 83.12 against the US dollar. Analysts said hardening US bond yields amid a higher risk of broader conflict in the Middle East weighed on emerging currencies and riskier assets. The US 10 year Treasury yields hit 5% for the first time since 2007.