NIFTY Financial News

If there is one sector where there is a consensus among the analysts that stocks are not to be bought at this point of time, it is the IT sector. While they are shying away from giving sell recommendations, the mean price target is clearly showing they expect IT stocks to slide from current levels.

Shibani Sircar Kurian, senior EVP and the head of equity research at Kotak Mahindra Asset Management Company (AMC) pointed out that mid-cap and small-cap valuations are above their long-term averages. On a relative basis to large-caps, mid and small-cap valuations are at significantly higher levels as compared to long-term averages. In an interview with Mint, she talked about market fundamentals and macroeconomic scenarios. India’s outperformance, we believe, has been on the back of the trinity of (a) macro-economic stability, (b) strong corporate earnings, and (c) inflows (both domestic and FII).

IPOs) in the Indian market has ensured that investment banks (i-banks) have seen better fee income generation in recent months. Bankers have seen their fee income grow by a sharp 36% to ₹509.2 crore in H1FY24, data analysed by ET showed. So far this fiscal, 19 companies have raised ₹17,419.7 crore through IPOs, as per data available with the Securities and Exchange Board of India (Sebi). In H1FY23, investment banks managed to garner IPO fee income of ₹373.6 cror across 13 IPOs, which raised ₹34,758 crore.

Several Small Cap Funds have multiplied investors’ wealth multiple times in the last 10 years. As per data on the website of the Association of Mutual Funds in India (AMFI), as many as five small-cap funds have given around 25% or more annualised returns in 10 years under their respective direct plans till September 15. The regular plans of these schemes have also given over 23% annualised returns in 10 years.

Indian stock market ended on a muted note, Foreign Institutional Investors (FIIs) dumped a total of ₹1,236.51 crore in Indian equities on Monday. However, the domestic institutional investors (DIIs) continued to be net buyers and infused ₹552.55 in the Indian stock market today. Also Read: Market Wrap: Sensex snaps 11-day winning streak; PSU banks buck the trend India's benchmark indices ended on a lower note on Monday.

Shares of Punjab National Bank(up 3.7 per cent), Bank of Baroda(up 3.1 per cent), State Bank of India(up 0.86 per cent) and IndusInd Bank Ltd.(up 0.47 per cent) ended the day as top gainers in the pack. On the other hand, HDFC Bank Ltd.(down 1.96 per cent), IDFC First Bank Ltd.(down 1.48 per cent), Federal Bank Ltd.(down 1.45 per cent), Bandhan Bank Ltd.(down 1.1 per cent) and Kotak Mahindra Bank Ltd.(down 0.85 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.54 per cent down at 45979.85. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

Shares of Mahindra & Mahindra Ltd.(up 2.52 per cent), Hero MotoCorp Ltd.(up 1.62 per cent), TVS Motor Company Ltd.(up 1.53 per cent), Tata Motors Ltd.(up 1.0 per cent) and Bajaj Auto Ltd.(up 0.89 per cent) ended the day as top gainers in the pack. On the other hand, Bharat Forge Ltd.(down 1.13 per cent), Balkrishna Industries Ltd.(down 0.47 per cent), Bosch Ltd.(down 0.39 per cent), MRF Ltd.(down 0.21 per cent) and Sona BLW Precision Forgings Ltd.(down 0.05 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.84 per cent up at 16563.9. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

The NSE Nifty index ended the session 59.05 points down at 20133.3, while BSE Sensex fell 241.79 points to 67596.84. In the Nifty index, Power Grid Corporation of India Ltd.(up 3.09 per cent), Titan Company Ltd.(up 2.80 per cent), Mahindra & Mahindra Ltd.(up 2.52 per cent), HDFC Life Insurance Company Ltd.(up 2.33 per cent) and Bharat Petroleum Corporation Ltd.(up 2.30 per cent) stood among the top gainers. On the other hand, Hindalco Industries Ltd.(down 2.43 per cent), HDFC Bank Ltd.(down 1.97 per cent), Adani Ports & Special Economic Zone Ltd.(down 1.70 per cent), Bharti Airtel Ltd.(down 1.70 per cent) and Dr.

Shares of Tata Consultancy Services Ltd.(up 0.21 per cent) and HCL Technologies Ltd.(up 0.03 per cent) ended the day as top gainers in the pack. On the other hand, Persistent Systems Ltd.(down 2.12 per cent), Coforge Ltd.(down 1.31 per cent), Infosys Ltd.(down 1.3 per cent), L&T Technology Services Ltd.(down 1.28 per cent) and Wipro Ltd.(down 1.12 per cent) finished as the top losers of the day. The Nifty IT index closed 0.68 per cent down at 33129.5. Benchmark NSE Nifty50 index ended down 59.05 points at 20133.3, while the BSE Sensex stood down 241.79 points at 67596.84. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red. Shares of YES Bank, JP Power, Vodafone Idea, Central Bank and UCO Bank were among the most traded shares on the NSE. Shares of KIOCL, IOB, PTL Enterprises, UCO Bank and Ramco Systems hit their fresh 52-week highs in today's trade, while J B Chemicals, Setubandhan Infra, Viaz Tyres, Penta Gold and Ratnaveer Precision hit their fresh 52-week lows.

National Fertilizer(up 2.05%), Rashtriya Chemicals & Fertilizers(up 1.46%), Paradeep Phosphates(up 1.41%) and Deepak Fertilizers & Petrochemicals(up 0.17%) stood among the top gainers. Gujarat Narmada Valley Fertilizers (down 5.05%), Fertilizers & Chemicals Tranvancore(down 3.71%), Coromandel International(down 2.41%), Nagarjuna Fertilizers & Chem(down 2.29%), Rama Phosphates(down 2.02%), Chambal Fertilisers & Chemicals(down 1.64%), Madras Fertlizers(down 1.28%), ZUARIAGRO(down 1.20%), Agro Phos(down 1.19%) and Sikko Industries(down 0.98%) were among the top losers of the day. The NSE Nifty50 index ended 59.05 points down at 20133.3, while the 30-share BSE Sensex closed down 241.79 points at 67596.84. Power Grid Corporation of India Ltd.(up 3.09%), Titan Company Ltd.(up 2.79%), Mahindra & Mahindra Ltd.(up 2.52%), HDFC Life Insurance Company Ltd.(up 2.33%), Bharat Petroleum Corporation Ltd.(up 2.29%), NTPC Ltd.(up 2.11%), Hero MotoCorp Ltd.(up 1.62%), Bajaj Finserv Ltd.(up 1.42%), Britannia Industries Ltd.(up 1.39%) and Tata Motors Ltd.(up 1.0%) stood among the top gainers in the Nifty pack. On the other hand, Hindalco Industries Ltd.(down 2.42%), HDFC Bank Ltd.(down 1.96%), Adani Ports & Special Economic Zone Ltd.(down 1.7%), Bharti Airtel Ltd.(down 1.7%), Dr.

Power Grid Corporation of India Ltd (up 3.12%), Titan Company Ltd (up 2.66%), HDFC Life Insurance Company Ltd (up 2.43%), Mahindra & Mahindra Ltd (up 2.26%), and Bharat Petroleum Corporation Ltd (up 2.26%)were among the top gainers of Nifty 50. Hindalco Industries Ltd (down 2.19%), HDFC Bank Ltd (down 1.93%), Adani Ports and Special Economic Zone Ltd (down 1.80%), and Dr Reddy's Laboratories Ltd (down 1.68%) were among the laggards today. Indian stock indices touched fresh highs on Friday, largely due to strong cues from US markets and consistent fund inflows by foreign portfolio investors.

HDFC Bank, Reliance Industries and Infosys. The domestic market ended lower, mirroring weak global sentiment ahead of key central bank meetings while concerns over global economic growth persisted.

«Almost five point of dollar index correction can happen in next one quarter or so, starting from 20th September,» says Aditya Arora, Adlytick.How are you looking at the Nifty, Bank Nifty right now? And also, what are your favourite trading ideas? I think internationally, there is risk of market environment. We saw almost 1%-2% correction on NASDAQ and Dow Jones as well. And meanwhile, dollar is also strengthening, which is signalling a little cautious outlook before the Fed meeting which is scheduled on 20th of September. And post-Fed, it would be a game changer because I am expecting a steep correction in dollar index. Almost five point of dollar index correction can happen in next one quarter or so, starting from 20th September.

Shriram Finance Ltd. traded 0.82 per cent lower in Monday's session at 01:15PM (IST).

MphasiS Ltd. rose 0.12 per cent to Rs 2495.05 in Monday's trade.

Godrej Consumer Products Ltd. traded 0.74 per cent lower in Monday's session at 12:50PM (IST).

SBI Cards and Payment Services Ltd. rose 1.71 per cent to Rs 825.05 in Monday's trade.

ICICI Lombard General Insurance Company Ltd. traded 0.34 per cent down in Monday's trade at 12:19PM (IST).

Varun Beverages Ltd. slipped 0.12 per cent to Rs 915.0 in Monday's trade as of 12:29PM (IST). The stock hit a high price of Rs 920.0 and low of Rs 908.0 during the session. The return on equity (ROE) for the stock stood at 29.34 per cent.

«You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average,» says Gautam Duggad, Motilal Oswal.How much of this market cap is right now trading below the average and how much of the market cap is above the average? So, if you look at it this way, I mean, for a simplicity purpose, just use Nifty 50 as a benchmark for your large cap. And I said Nifty is in line with its long period average, maybe 4% or 5% lower than long period average and Nifty is roughly 60% of India's market cap. You add another 5-6% because there are a lot of large companies which are not part of the Nifty, which are recent listing of last two-three years. So, I would still say 65% of the total market cap is still either in line or slightly below long period average.

GAIL (India) Ltd. traded 0.0 per cent at Rs 123.8 on Monday at around 11:48AM (IST), while the benchmark BSE Sensex declined 45.1 points to 67793.53. As many as 145,516 shares changed hands on the counter with a total value of Rs 180.0 crore. The stock quoted a 52-week high price of Rs 129.5 and a 52-week low of Rs 83.0. On the technical charts, the 200-DMA of the stock stood at Rs 106.07, while 50-DMA was at Rs 116.79.