NIFTY Financial News

MUMBAI : The markets regulator’s attempts to warn retail investors about the risks of trading in derivatives appear to have fallen on deaf ears. The number of retail participants trading in derivatives on the National Stock Exchange (NSE) of India Ltd, the country’s largest stock exchange, hit a record in August. Market participants said the surge was fuelled by the growing popularity of relatively cheaper zero-day options, which expire daily.

Nifty Pharma index has risen nearly 30%. Indian pharma market (IPM)’s growth was in mid-single digits in August. It grew 5.8% from a year earlier, as against 6.4% in July, according to analysts’ data.

₹3,173 per gram to ₹5,291 per gram—an increase of 66% in 16 months. This was also the time that SGB scheme subscriptions began picking up. August 2020 saw the highest volume of 6,350 kg (each bond is equivalent to one gram of gold) till then.

Here's how analysts read the market pulse:«Elevated crude oil prices and concerns about inflation initially cast a shadow over the market. However, this negative sentiment was offset by robust domestic industrial and manufacturing production data, as well as a decline in inflation, which propelled the market to new highs. The market also received support from a set of positive global cues.

Nifty and Bank Nifty, it seems likely that bears will think twice before confronting the bulls head-on, says Aamar Deo Singh, Head Advisory at Angel One. This is because the majority of broad-based technical indicators, such as the Advance-Decline Ratio, all-time high stock prices, and 84% of stocks that are trading above their 200-Day Moving Average, all indicate a rally that will span multiple sectors.What are your thoughts on Sensex and Nifty's current run in this series? Where do you see them this Friday?The Indian stock market's incredible surge continued to gain steam last week and doesn't seem to be slowing down. The Nifty finished the week with weekly gains of 1.88%, and a record high of 20,192, while Bank Nifty, not to be outdone, finished the week with weekly gains of 2.38%, just shy of its all-time high of 46,369 in July. Also, remaining in the 10–12 area was the India VIX, which represents investors' comfort and confidence.

Sensex and Nifty50 ended the week on strong footing hitting new all-time highs with PSU Banks, auto and IT stocks leading the gains. Amid a host of important domestic and global events lined up during this week.

US Federal Reserve policy meeting outcome, foreign fund inflow, crude oil prices, global cues, and more. Domestic benchmark indices Sensex and Nifty hit their fresh record highs last week with frontline index Nifty50 breaching the psychological 20,000-mark on the back of strong macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. The tone was positive from the beginning which strengthened further with rotational participation from the index majors across sectors.

macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. On Friday, September 15, Sensex closed at 67,838.63, up 320 points, or 0.47 per cent, while the Nifty settled at 20,192.35, rising 89 points, or 0.44 per cent. Both indices ended at their fresh closing highs on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra.

Foreign portfolio investors (FPIs) continued their selling streak and have emerged as net sellers so far in September, with a muted performance on D-Street on rising US bond yields and a stronger dollar. FPIs have sold ₹4,768 crore worth of Indian equities and offloaded a total of ₹2,968 crore as of September 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹4,768 crore-figure also includes bulk deals and investment in primary market.

Nifty, we're projecting a target of 20400 to 20500 in continuation of this uptrend,” says Rajesh Palviya, Axis Securities. Edited excerpts:ET Now: Firstly, coming to you because just last week when we connected with you, you provided our viewers with four different stocks and they performed exceedingly well throughout this week. I recall that all of those were from the large-cap space. Firstly, congratulations for that. And you were also bullish on the markets. But now, with the indices at a record high level, do you believe that in the next week we will continue to build on these levels? Do you have any specific levels in mind?

Jupiter Hospital IPO: Listing date for the initial public offering (IPO) of Jupiter Life Line Hospitals Limited has been fixed on 18th September 2023. As per teh information available on BSE website, Jupiter Hospital shares will list on BSE and NSE on 18th September 2023 in speacial pre-open session. Meanwhile, grey market sentiments have remained bullish in regard to Jupiter Hospital IPO.

Cellecor Gadgets IPO: The initial public offering (IPO) of Cellecor Gadgets limited opened on Friday and it will remain open for bidders till 20th September 2023. The book build issue is proposed for listing on NSE SME exchange and the public offer has received strong response from investors on day one of bidding. The public offer has been fully subscribed on day one of bidding as the initial offer received bids for 71,32,800 shares against 55,18,800 shares offered by the company.

Buy or sell stocks: On account of strong global market sentiments after better-than-expected Chinese economic data, Indian stock market ended in green terriroty for third straight session. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

EMS IPO: Allotment of shares has been finalised and now focus has shifted towards EMS IPO listing date, which is most likely on 21st September 2023. Those who have applied for the EMS IPO can now check their EMS IPO allotment status online by logging in at BSE website — bseindia.com or at the official registrar's website — kosmic.kfintech.com. For more convenience, bidders can login at direct bse link — bseindia.com/investors/appli_check.aspx or at direct KFin Tech link — https://kprism.kfintech.com/ipostatus.

Nifty Bank is now approaching its all-time high and can even zoom past the 47,000-level, says Rupak De of LKP Securities. “The strong presence of Put writers at 46,000 has helped the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside,” he said.

Indian stock market achieved a significant milestone. The Nifty surpassed the 20,000-mark for the first time ever, a new record high. In fact, it shrugged off subdued global cues and outperformed their overseas peers.

public sector banks surged as much as 11% Friday, reflecting their robust potential in the current market environment where many other stocks are trading at elevated valuations, and also helped by speculation that JPMorgan Chase is poised to incorporate India's sovereign bonds into its indexes soon.UCO Bank stock surged 9% to close at Rs 40.4, while Indian Overseas Bank rose 7% to close at ₹39.5. Punjab National Bank and Central Bank of India gained 5% each. PSU banks are catching up on the valuations, and the discount between PSU and private banks could narrow further over the medium term, analysts said. «Broadly, the segment is at more than 50% discount to private peers,» said Kaushik Dani, fund manager — PMS at Abans Investment Managers.

MUMBAI : The BSE Sensex is poised to log its longest winning streak as retail investors continue to plough money into the markets. The 30-share index has now risen for 11 days in a row this month, matching the longest winning streak since 7 October 2007 when it rose for an identical number of days. Such long winning streaks have happened only four times: June 1983, October 2003, October 2007 and September this year.

Nifty scaled to lifetime highs. The domestic institutional investors (DIIs) were also net buyers and infused ₹1,938.57 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹9,870 crore of Indian equities, while they sold ₹9,575.31 crore --- resulting in an inflow of ₹294.69 crore.

EID Parry(up 3.22%), KCP Sugar & Industries(up 1.96%), Triveni Engineering & Industries(up 1.78%), Balrampur Chini Mills(up 1.52%), Dwarikesh Sugar Industries(up 1.22%), Dhampur Sugar Mills(up 0.90%), Mawana Sugars(up 0.78%), Dalmia Bharat Sugar & Industries(up 0.63%), Bannari Amman Sugars(up 0.34%) and Simbhaoli Sugars(up 0.17%) stood among the top gainers. Rajshree Sugars & Chemicals(down 2.35%), BAJAJHIND(down 2.17%), DCM Shriram Industries(down 2.04%), MAGADHSUGAR(down 1.63%), Vishwaraj Sugar Industries(down 1.04%), Sakthi Sugars(down 0.99%), Shree Renuka Sugars(down 0.90%), Ponni Sugars(Erode)(down 0.83%), AVADHSUGAR(down 0.59%) and Kothari Sugars & Chemicals(down 0.52%) were among the top losers of the day. The NSE Nifty50 index ended 89.25 points up at 20192.35, while the 30-share BSE Sensex closed up 319.63 points at 67838.63. Bajaj Auto Ltd.(up 5.9%), Bharti Airtel Ltd.(up 2.31%), Mahindra & Mahindra Ltd.(up 2.24%), Hero MotoCorp Ltd.(up 2.21%), Grasim Industries Ltd.(up 2.13%), HCL Technologies Ltd.(up 1.63%), Tech Mahindra Ltd.(up 1.57%), Tata Motors Ltd.(up 1.54%), SBI Life Insurance Company Ltd.(up 1.47%) and Eicher Motors Ltd.(up 1.35%) stood among the top gainers in the Nifty pack. On the other hand, Bharat Petroleum Corporation Ltd.(down 1.81%), Asian Paints Ltd.(down 1.34%), Hindustan Unilever Ltd.(down 1.24%), Tata Consumer Products Ltd.(down 0.97%), Britannia Industries Ltd.(down 0.9%), Bajaj Finserv Ltd.(down 0.82%), NTPC Ltd.(down 0.73%), Oil And Natural Gas Corporation Ltd.(down 0.66%), IndusInd Bank Ltd.(down 0.56%) and Power Grid Corporation of India Ltd.(down 0.53%) closed in the red.

Alstom T&D India(up 5.00%), Jyoti Structures(up 4.96%), Suzlon Energy(up 4.09%), Orient Green Power Company(up 3.61%), Karma Energy(up 3.37%), Power & Instrumentation(Gujarat)(up 3.28%), Transformers and Rectifiers(India)(up 2.44%), ADANIGREEN(up 2.30%), RTNPOWER(up 2.21%) and Reliance Power(up 2.13%) stood among the top gainers. SJVN(down 2.59%), NLC India(down 2.08%), KEC International(down 2.06%), JSW Energy(down 2.04%), NHPC(down 1.97%), Energy Development Company(down 1.71%), Hitachi Energy India(down 1.33%), DPSC(down 1.19%), Gujarat Industries Power(down 1.00%) and Inox Wind Energy(down 0.94%) were among the top losers of the day. The NSE Nifty50 index ended 89.25 points up at 20192.35, while the 30-share BSE Sensex closed up 319.63 points at 67838.63. Bajaj Auto Ltd.(up 5.9%), Bharti Airtel Ltd.(up 2.31%), Mahindra & Mahindra Ltd.(up 2.24%), Hero MotoCorp Ltd.(up 2.21%), Grasim Industries Ltd.(up 2.13%), HCL Technologies Ltd.(up 1.63%), Tech Mahindra Ltd.(up 1.57%), Tata Motors Ltd.(up 1.54%), SBI Life Insurance Company Ltd.(up 1.47%) and Eicher Motors Ltd.(up 1.35%) stood among the top gainers in the Nifty pack. On the other hand, Bharat Petroleum Corporation Ltd.(down 1.81%), Asian Paints Ltd.(down 1.34%), Hindustan Unilever Ltd.(down 1.24%), Tata Consumer Products Ltd.(down 0.97%), Britannia Industries Ltd.(down 0.9%), Bajaj Finserv Ltd.(down 0.82%), NTPC Ltd.(down 0.73%), Oil And Natural Gas Corporation Ltd.(down 0.66%), IndusInd Bank Ltd.(down 0.56%) and Power Grid Corporation of India Ltd.(down 0.53%) closed in the red.