NIFTY Financial News

Domestic benchmark index NSE Nifty ended 89.25 points up at 20192.35, while the BSE Sensex closed 319.63 points up at 67838.63. On the other hand, Dhanlaxmi Bank, Senco Gold, Satin Creditcare, Andrew Yule and HT Media stocks hit their fresh 52-week highs today. In the Nifty 50 index, Bajaj Auto, Bharti Airtel, M&M, Hero MotoCorp and Grasim Inds.

Benchmark NSE Nifty closed 89.25 points up at 20192.35 amid buying in frontline bluechip counters. However, stocks such as Penta Gold, Brookfield India Rea, Ratnaveer Precision, Dangee Dums and SS Infrastructure, touched their fresh 52-week lows. Overall, 31 shares ended in the green in Nifty50 index, while 19 closed in the red. In the Nifty 50 index, Bajaj Auto, Bharti Airtel, M&M, Hero MotoCorp and Grasim Inds.

Nifty hit their fresh record highs on Friday, September 15, on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra. Market sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival.

HDFC Bank, TCS and Mahindra and Mahindra, as sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival. “Fresh data showed Chinese gauges of retail sales and industrial output for August topped economists' expectations," reported Reuters. Besides, expectations are getting stronger that major central banks of the world will end their monetary tightening campaign considering the impact of hikes so far on the economy.

Sensex was up 234.87 points to 67,753.87 So, how can mutual fund (MF) investors make the most of such situations when equity markets are at an all-time high? The celebrations at Dalal Street have brought cheers to the stock market investors, experts suggest that MF investors should not get carried away to book profits. They should religiously continue with their SIPs, like in the bearish phase of the market.

HDFC Asset Management Company (AMC) the investment manager to HDFC Mutual Fund, has launched HDFC Pharma and Healthcare Fund. In a statement, the AMC said HDFC Pharma and Healthcare Fund is an open-ended equity scheme that will invest in pharma and healthcare-related companies with a bottom-up approach for stock selection.

The dream run of mid-cap and small-cap funds and indices in the last six months has caught the attention of investors and critics alike. While investors are enjoying the extraordinary run, critics have been cautioning about the steep rise in valuations. Some have even likened the meteoric rise of mid and small-cap segments to an irrational exuberance. However, both sides have worthy points to justify their stand at this phenomenal turn of events over the last six months, writes Gopal Kavalireddi, Vice President – Research at FYERS, in a report. The following are the edited excerpts from the report:

BSE Sensex and Nifty 50 hit their respective all-time highs today. At the time of writing, Nifty 50 was at 20134.9 while Sensex was up 272.45 points to 67,739.44. (Check the latest data here).

Marico Ltd. traded 0.14 per cent lower in Friday's session at 01:09PM (IST).

V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services believes the real worry is that many small and micro caps of doubtful quality are also participating in the bull run, driven purely by emotion and momentum. In this segment, a crash is inevitable. In an interview with Mint, Vijayakumar explained why he thinks the market is ignoring risks. The market is buoyant with a year-to-date (YTD) return of about 11 per cent in the Nifty.

Cholamandalam Investment & Finance Company Ltd. traded 2.05 per cent up at Rs 1232.35 on Friday at around 12:28PM (IST), while the benchmark BSE Sensex advanced 258.92 points to 67777.92. As many as 45,478 shares changed hands on the counter with a total value of Rs 554.0 crore. The stock quoted a 52-week high price of Rs 1239.8 and a 52-week low of Rs 658.0. On the technical charts, the 200-DMA of the stock stood at Rs 916.08, while 50-DMA was at Rs 1115.24.

Bajaj Auto share price jumped over 5 per cent to hit its fresh all-time high of ₹5,093.95 in morning trade on NSE on Friday (September 15). The stock opened at ₹4,894.90 against the previous close of ₹4,844.50 and jumped to its fresh record high with over 8 lakh shares changing hands on NSE. The stock saw sharp gains today amid reports that global brokerage firm BoFA Securities upgraded the stock to a ‘buy’ from a 'neutral'.

Indian stock market: Only a few months ago, a significant portion of market participants exhibited caution towards IT stocks. Their apprehension stemmed from concerns about a potential economic slowdown in the Western markets, which represent a substantial customer base for Indian IT firms. This apprehension was primarily driven by the fear that such a downturn could significantly impact the revenue and profitability of domestic IT services companies.

first investing lessons. Well, for a young stock market enthusiast like me, I couldn't quite relate to this. I mean, in the stock market or as a matter of fact anything in life, timing plays a key role.

Bajaj Auto shares jumped 5% to hit their 52-week high of Rs 5,084 on the NSE following an upgrade on the stock by brokerage firm BofA. Today's rally marked seven uninterrupted sessions of gain in the stock. BofA Securities upgraded the stock to 'Buy' from 'Neutral' and hiked the target price to Rs 5,550 from an earlier target of Rs 5,100.

Domestic benchmark index NSE Nifty gained 55.1 points to 20158.2, while the BSE Sensex traded 206.9 points up at 67725.9. On the other hand, Satin Creditcare, SRG Housing Fin, Restaurant Brands, GMR Power and Urban and Rane(Madras)stocks hit their fresh 52-week highs today. In the Nifty 50 index, Bajaj Auto, Hero MotoCorp, Coal India Ltd, HCL Tech and Tata Motors were among the top gainers on the NSE. Asian Paints, HUL, Britannia, BPCL and Titan Company were among the top losers.

Vedanta Ltd. gained 0.97 per cent to Rs 238.55 in Friday's trade as of 10:15AM (IST).

Varun Beverages Ltd. gained 0.92 per cent to Rs 923.05 in Friday's trade as of 10:20AM (IST).

Infosys said it signed a $1.5 billion contract for a 15-year period with a «global company». Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday.

Day trading guide for today: Following strong global cues, Dalal Street witnessed participatory rally on Thursday. Out of three key benchmark indices, NSE Nifty and BSE Sensex climbed to a new peak whereas Bank Nifty came close to its life-time high. But, broad market indices outperformed key benchmark indices as both small-cap and mid-cap stock surged mroe than one per cent during Thursday deals.

Nifty advanced over 33 points to close at a fresh lifetime high of 20,103 while Sensex ticked higher for the 10th straight session on Thursday. Stocks that were in focus included names like NBCC, which rose 8.44%, Balrampur Chini Mills, which gained 5.15%, and Canara Bank, whose shares jumped 0.02% on Thursday. Here's what Amol Athawale, Vice President — Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today.NBCC — NeutralAfter a quick short-term correction, the stock took the support near the 20 day SMA (Simple Moving Average) and bounced back sharply. Last Thursday, the stock rallied over 8%. We are of the view that, as long as the stock is trading above 56 level the positive sentiment is likely to continue. Above the same, it could rally till 67-70.