NIFTY Financial News

Nifty Bank index today opened at 45,493.70 and went on to hit an intraday low of 45,310.05 and an intraday high of 45,745.15. At 1.40 pm, Bank Nifty was 624.60 points or 1.36% down at 45360.65. The Bank Nifty Index, launched in 2000, contains twelve banking stocks that trade on the National Stock Exchange (NSE).

The stock opened at Rs 686.75 and touched an intraday high and low of Rs 688.55 and Rs 676.0, respectively, in the session so far. Shares of the company of Indian Railway Catering & Tourism Corporation Ltd.

United Spirits Ltd. slipped 0.72 per cent to Rs 1037.5 in Wednesday's trade as of 01:14PM (IST). The stock hit a high price of Rs 1044.9 and low of Rs 1024.7 during the session. The return on equity (ROE) for the stock stood at 18.93 per cent.

SRF Ltd. traded 2.23 per cent down in Wednesday's trade at 12:53PM (IST).

Reliance Industries (RIL) share price fell over 2.5% on Wednesday's trade Following news of a significant block deal after market opening. According to news report of CNBC-TV18, about 2 crore shares, or 0.3% of the company, were traded in the block deal, and ₹4,512 crore change hands in block deal window. Reliance Industries share price today opened at ₹2,422.95 apiece on BSE.

Benchmark NSE Nifty index fell 180.4 points to 19952.9 amid selling in frontline bluechip stocks. However, stocks such as Pramara Promotions, Jiwanram Sheoduttrai, FutureLifestyleFash, Penta Gold and Jalan Transolutions, touched their fresh 52-week low. Overall, 14 shares traded in the green in Nifty50 index, while 35 traded in the red. In the Nifty 50 index, Power Grid, Coal India Ltd, Bajaj Auto, NTPC and Axis Bank were among top gainers, while HDFC Bank, BPCL, Apollo Hospital, RIL and JSW Steel traded in the red. The BSE Sensex was trading 629.44 points down at 66967.4 at 11:05AM(IST). Traders were seen piling up positions in Telecommunications, Term Lending Institutions, Glass, Mining and Tyres sectors, while selling was visible in Banks, Power, Irrigation & Allied Services, Petrochemicals and Metals — Ferrous sectors.

On the BSE, Shiva Granito Export(down 19.92 per cent), Creative Eye(down 13.51 per cent), Balmer Lawrie(down 10.21 per cent), Tiaan Ayurvedic & He(down 10.00 per cent) and Anupam Finserv(down 9.84 per cent) were among the stocks that plunged over 5 per cent during the session. In the Nifty pack, 18 stocks traded in the green, while 32 stocks traded in the red. The Nifty index was trading 173.55 points down at 19959.75. On the BSE, Bheema Cements Ltd., A F Enterprises, Toyam Industries, FutureLifestyleFash and Zodiac Ventures hit their fresh 52-week lows, while HSIL, Jindal Photo, Blue Star, Chaman Lal Setia and Nagpur Power touched their fresh 52-week highs.

Domestic benchmark index NSE Nifty fell 159.8 points to 19973.5, while the BSE Sensex traded 554.2 points down at 67042.64. On the other hand, HSIL, Blue Star, Jindal Photo, Moksh Ornaments Ltd.

Indian Hotels Company Ltd. traded 0.84 per cent up in Wednesday's trade at 10:10AM (IST).

Sona BLW Precision Forgings Ltd.(up 1.54 per cent), Mahindra & Mahindra Ltd.(up 1.24 per cent), Bajaj Auto Ltd.(up 0.86 per cent), Tata Motors Ltd.(up 0.68 per cent) and Bharat Forge Ltd.(up 0.15 per cent) were among the top gainers. Maruti Suzuki India Ltd.(down 0.82 per cent), Tube Investments of India Ltd.(down 0.51 per cent), Eicher Motors Ltd.(down 0.5 per cent), Samvardhana Motherson International Ltd.(down 0.4 per cent) and Ashok Leyland Ltd.(down 0.4 per cent) were the top losers on the index. The Nifty Auto index was up 0.21 per cent at 16598.05 at the time of writing this report. Benchmark NSE Nifty50 index was down 166.05 points at 19967.25, while the BSE Sensex was down 577.25 points at 67019.59. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red. Shares of IOB, YES Bank, Vodafone Idea, JP Power and UCO Bank were among the most traded shares on the NSE. Shares of HSIL, Blue Star, Moksh Ornaments Ltd., Jindal Photo and Chaman Lal Setia hit their fresh 52-week highs in today's trade, while Pramara Promotions, Jiwanram Sheoduttrai, FutureLifestyleFash, Penta Gold and Jalan Transolutions hit fresh 52-week lows in trade.

HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex was trading 573 points or 0.85% lower at 67,023. Nifty50 was trading at 20,004, down 130 points or 0.64% at around 9.16 a.m. From the Sensex pack, HDFC Bank, Tech Mahindra, Tata Steel, Bharti Airtel, and Infosys opened with losses, while ICICI Bank, Power Grid, L&T, IndusInd Bank, Axis Bank opened with gains. HDFC Bank opened nearly 3% lower after the bank on Monday said its gross non-performing assets will likely increase as of July 1, after its merger with HDFC. Shares of Bharat Dynamics opened 3% higher after the company signed a contract worth Rs 291 crore with IAF. Sector-wise, Nifty Financial Services declined 0.87% and Nifty Bank fell 0.68%.

multibaggers in a year, Nifty PSU Bank is now on the verge of a 13-year breakout that can take the index to fresh all-time peaks. As compared to Monday's closing level of 5,217, Nifty PSU Bank is just 3% away from the closing peak of 5,375.8 touched in November 2010. The recent rally in the barometer has pushed the 14-day RSI above 70. The index is also trading above all its moving averages. «A pullback seems likely in overly stretched stocks like PNB, Bank of India, IOB and Central Bank while Canara Bank, Bank of Baroda, Union Bank and Indian Bank are poised to attract buying interest,» Anand James of Geojit Financial said. In the last one year, 8 government-owned banks have more than doubled investor wealth.

US Federal Reserve later in the day. The US dollar index, which measures the greenback against a basket of rivals, stayed mostly flat at 105.13, Reuters reported. On Monday, the rupee depreciated 8 paise to end at a record closing low of 83.27 a dollar.

Day trading guide for today: On account of sell off trigger in global market, Indian stock market ended lower on Monday. NSE Nifty lost 59 points and closed at 20,133 levels, BSE Sensex went down 241 points and closed at 67,596 mark whereas Nifty Bank index corrected 251 points and ended at 45,979 levels. Volumes on the NSE continued to be on the lower side.

Indian stock market indices are likely to open lower Wednesday following weak global cues ahead of the interest rate decision by the US Federal Reserve. The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading lower at around 20,080 level as compared to the Nifty futures’ Monday’s close of 20,170.

record highs on Monday amid cautiousness in global markets. Investors will keep a close eye on US Fed Reserve policy, due later in the evening. «Market is showing strength and is sustaining above 20k levels. Overall, we expect the market to gradually inch upwards with minor profit booking at intervals,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded lower by 11 points, or 0.05 per cent, at 20,089, signaling that Dalal Street was headed for muted start on Wednesday.

Buy or sell stocks for today: Following weak global market sentiments, Indian stock market fell on Monday. NSE Nifty lost 59 points and closed at 20,133 levels, BSE Sensex went down 241 points and closed at 67,596 mark whereas Nifty Bank index corrected 251 points and ended at 45,979 levels. Volumes on the NSE continued to be on the lower side.

Indian stock market indices, Sensex and Nifty are expected to open lower on Wednesday tracking weakness in global peers. Asian markets traded lower, while the US stock market indices ended in the red overnight. Indian markets were shut for a holiday on Tuesday.

₹1,236.51 crore in Indian equities on Monday as the Indian stock market ended on a muted note,. However, the DIIs continued to be net buyers and infused ₹552.55 in the Indian stock market.The Fed began its latest meeting on interest rates Tuesday, with an announcement scheduled for Wednesday. The overwhelming expectation is for the Fed to announce no change to rates.

MUMBAI : PSU banks have rallied sharply in the past month, culminating in volumes on the Nifty PSU Bank Index, comprising 12 lenders, hitting a record high of 1.78 billion shares on 18 September. Normally this is a sign of worry, as the index has plunged 20-25% in the near term on previous occasions after volumes peaked. But, analysts remain unfazed despite stocks like Indian Overseas Bank (IOB), UCO Bank, Punjab & Sind Bank, Central Bank of India and Bank of Maharashtra rising 25-50% in last month alone and their valuations looking stretched compared to State Bank of India (SBI), the country’s largest bank by assets.

Also Read: Week Ahead: US Fed Policy, crude oil prices, FII mood among key market triggers this week as Nifty stares at record-high "This crude price rally doesn't want to stop," said OANDA analyst Edward Moya. “The oil market will likely be tight throughout the winter," reported news agency Reuters. The US continued to witness a fall in its shale oil output.