NIFTY Financial News

HDFC Bank share price extended decline for the third straight session on Thursday amid heavy selling in the banking heavyweight. HDFC Bank shares fell as much as 1.65% to ₹1,538.05 apiece on the BSE. HDFC Bank stock has lost more than 7% this week so far.

US Federal Reserve left the benchmark interest rates unchanged and indicated it to remain higher for longer, Indian equity indices opened in the red for the third consecutive session on Thursday. The BSE Sensex was trading 309 points or 0.46% lower at 66,492.

US Federal Reserve officials indicated that interest rates were likely to remain higher for longer. The local currency opened at 83.09 as compared to previous close of 83.07. The US dollar index, which measures the currency against a basket of rivals, rose to a six-month high of 105.68.

Day trading guide for today: Following mixed global market sentiments, key benchmark indices of the Indian stock market finished lower for second day in a row on Wednesday. NSE Nifty finished 231 points lower at 19,901 levels, BSE Sensex shed 796 points and closed at 66,800 mark whereas Bank Nifty index dipped 595 points and closed at 45m384 levels. In broad market, small-cap index slipped 0.51 per cent while mid-cap index corrected 0.33 per cent.

Indian stock market indices, Sensex and Nifty 50, are likely to open lower Thursday following weak global cues. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading flat at around 19,846 level as compared to the Nifty futures’ previous close of 19,972.

Read More)The offer for sale (OFS) in SJVN is set to commence tomorrow for non-retail investors, while retail investors will have the opportunity to bid starting on Friday. The government is planning to divest 4.92% of its equity in SJVN, which includes a Green Shoe option of 2.46%. This divestment will involve the sale of a 4.92% stake in SJVN, with a floor price of ₹69 per share, over the course of a two-day offer for sale, as confirmed by an official source.

Buy or sell stocks for today: Following mixed global cues, Indian stock market ended lower for second straight session on Wednesday. Nifty 50 index went down 231 points and ended at 19,901 levels, BSE Sensex corrected 796 points and ended at 66,800 levels whereas Nifty Bank index nosedived 595 points and finished at 45,384 mark.

Indian stock market indices Sensex and Nifty50 are expected to open lower on Thursday tracking weakness in global peers. The Asian markets traded lower, while the US markets ended in the red after the US Federal Reserve Chair Jerome Powell announced a hawkish monetary policy. The US Fed kept the benchmark interest rates unchanged at a 22-year high of 5.25% to 5.5%, but said it will raise interest rates one more time this year.

NEW DELHI, MUMBAI : Indian benchmark indices saw their steepest single-day drop in two months, declining over 1% on Wednesday, dragged down by selling in HDFC Bank and other index heavyweights. Weakness in global markets, with crude oil prices nearing $100 a barrel, also made investors cautious ahead of the US Federal Reserve’s policy meeting. The Sensex closed 1.2% down at 66,800.84 and the Nifty by a similar margin to 19,901.4.

Indiabulls Housing Finance, Balrampur Chini Mills, Zee Entertainment Enterprises Ltd (ZEEL), BHEL, Delta Corp, Hindustan Copper, Manappuram Finance, and Punjab National Bank (PNB) are the nine stocks that are a part of the F&O ban list by the stock exchange for Thursday. The NSE updates the list of securities in F&O ban for trade everyday.

Here's how analysts interpreted the market: «The domestic markets remained under pressure due to rising US bond yields and a stronger greenback. Concerns persisted over the upcoming Fed policy, interest rate trajectory, and rising oil prices,» said Vinod Nair, Head of Research at Geojit Financial Services. “The Nifty opened gap down and traded with a negative bias throughout the day to close down 232 points.

US Federal Reserve policy decision, as Sensex and Nifty extended losses for the second straight session. The domestic institutional investors (DIIs) also sold ₹573.02 crore in Indian stocks today.

Nifty on Wednesday ended 232 points lower to form a long bear candle with an upper shadow on the daily chart and indicated the formation of a short-term top reversal pattern in the index at the swing high of 2022 levels. Having moved below the immediate support of the 10-day EMA at 19,940 levels now, the market is expected to slide down to the lower 20-day EMA around 19,780 levels in the coming sessions, according to analysts. “The underlying trend of Nifty is weak and the overall chart pattern signals a formation of short-term top reversal pattern at the recent new highs. The Nifty is expected to test the crucial lower supports of around 19,750-19,600 levels in the near term.

Nifty settled with losses on Wednesday, September 20, extending the decline into the second consecutive session amid mixed global cues ahead of the US Fed policy outcome. US bond yields surging to 16-year high levels and fears of high crude oil prices fueling commodity inflation also hit the investor sentiment, according to analysts.

Domestic benchmark index NSE Nifty ended 231.9 points down at 19901.4, while the BSE Sensex closed 796.0 points down at 66800.84. On the other hand, Jindal Photo, HSIL, Blue Star, IFCI and Moksh Ornaments Ltd.

On the BSE, Kuberan Global Edu(down 20.00 per cent), Shiva Granito Export(down 19.92 per cent), Dipna Pharmachem(down 19.60 per cent), Balmer Lawrie(down 12.06 per cent) and Finkurve Fin Svc(down 10.68 per cent) stood among the top losers in today's trade. In the Nifty pack, 10 stocks closed in the green, while 39 stocks ended in the red. The index closed 231.9 points down at 19901.4. On the BSE, Anuroop Packaging Lt, Bheema Cements Ltd., Svarnim Trade Udyog, A F Enterprises and Toyam Industries hit their fresh 52-week lows, while Pearl Green Clubs, Jindal Photo, HSIL, Blue Star and IFCI touched their fresh 52-week highs in today's trade.

Shares of Balkrishna Industries Ltd.(up 0.92 per cent), Sona BLW Precision Forgings Ltd.(up 0.71 per cent), Bharat Forge Ltd.(up 0.59 per cent), MRF Ltd.(up 0.55 per cent) and Tube Investments of India Ltd.(up 0.46 per cent) ended the day as top gainers in the pack. On the other hand, Hero MotoCorp Ltd.(down 1.69 per cent), Maruti Suzuki India Ltd.(down 1.66 per cent), Bosch Ltd.(down 1.38 per cent), TVS Motor Company Ltd.(down 0.9 per cent) and Ashok Leyland Ltd.(down 0.76 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.51 per cent down at 16479.7. Benchmark NSE Nifty50 index ended down 231.9 points at 19901.4, while the BSE Sensex stood down 796.0 points at 66800.84. Among the 50 stocks in the Nifty index, 10 ended in the green, while 39 closed in the red. Shares of JP Power, IOB, YES Bank, Suzlon Energy and Vodafone Idea were among the most traded shares on the NSE. Shares of Jindal Photo, HSIL, Blue Star, IFCI and Moksh Ornaments Ltd.

The NSE Nifty index closed 231.9 points down at 19901.4, while BSE Sensex ended down 796.0 points at 66800.84. On the other hand, HDFC Bank Ltd.(down 4.01 per cent), JSW Steel Ltd.(down 2.73 per cent), Reliance Industries Ltd.(down 2.23 per cent), Bharat Petroleum Corporation Ltd.(down 2.16 per cent) and SBI Life Insurance Company Ltd.(down 2.07 per cent) were among the top losers of the day.

Benchmark NSE Nifty closed 231.9 points down at 19901.4 amid selling in frontline bluechip counters. However, stocks such as SS Infrastructure, Jiwanram Sheoduttrai, FutureLifestyleFash, Shri Techtex and Penta Gold, touched their fresh 52-week lows. Overall, 10 shares ended in the green in Nifty50 index, while 39 closed in the red. In the Nifty 50 index, Power Grid, Coal India Ltd, ONGC, Sun Pharma and Eicher Motors were among top gainers during the day, while HDFC Bank, JSW Steel, RIL, BPCL and SBI Life ended in the red. The BSE Sensex closed 796.0 points down at 66800.84. Traders piled up positions in Telecommunications, Rubber, Term Lending Institutions, Tyres and Consumer Durables sectors, while selling was witnessed in Banks, Petrochemicals, Power, Metals — Ferrous and Electric/Electronics sectors during the day.

Nifty closed with solid losses on Wednesday, extending their losses into the second consecutive session amid mixed global cues ahead of the US Fed policy outcome while the US Treasury yields hovered near multi-year highs. The Fed is likely to keep rates unchanged today but the risk of inflation is not over yet with crude oil prices surging sharply in the recent past. Crude oil benchmark Brent Crude futures fell over a per cent in today's trade, slipping from its 10-month high level but they are still up nearly 30 per cent in the last three months after the output cut by OPEC+.

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