NIFTY Financial News

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market ended higher on Thursday. NSE Nifty climbed to a new peak of 20,167 during Thursday deals and finally ended at 20,103 levels. BSE Sensex too hit a new peak of 67,771 whereas Nifty Bank index inched close to its life-time high of 46,369.

Indian stock market indices are likely to open on a positive note Friday following strong cues from global peers. Asian markets traded higher, while the US stock market closed in the green overnight. The trends on Gift Nifty also indicate a higher start for the Indian benchmark index.

₹50 crore in Indian stocks today.The ECB raised its key interest rate to an all-time record-high level on Thursday and signalled this will likely be its final move in a more-than-a-year-long fight against stubbornly high inflation. The decision raised the benchmark deposit rate to 4%, up drastically from minus 0.5% just a little more than a year ago and the highest since the euro was established in 1999.One report from the US said that shoppers spent more at retailers last month than economists expected.

Indian stock market is expected to open higher Friday led by positive global cues amid improved domestic investor sentiment. Asian markets traded higher, while the US stock market ended with gains overnight amid easing fears of recession in the world’s largest economy. On Thursday, the domestic benchmark equity indices ended at record high level with the Nifty closing above 20,100-mark.

«Overall, we expect the market to maintain its positive trend on the back of strong domestic macroeconomic data. However, bouts of volatility cannot be ruled out given mixed global cues,» 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 positive startGIFT Nifty on the NSE IX traded 12 points, or 0.06 per cent, at 20,229.50, signaling that Dalal Street was headed for positive start on Friday.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India’s retail inflation eased in August but continued to remain higher for rural areas for the second consecutive month. Meanwhile, Nifty 50 crossed the psychological mark of 20,000 this week.

₹5.5 trillion. But this hasn’t bothered Rohit Verma, a tech professional in his mid-50s with a big consulting firm, much. “A 10% plus correction after such a stupendous rally in Smids isn’t abnormal.

NEW DELHI : The Sensex scaled a record high of 67771.05 on Thursday, breaching its earlier peak of 67619.17 seen in July as markets continued their northward journey despite volatility on F&O expiry day. The Nifty too scaled a fresh high of 20167.65 before closing at a record high of 20103.10 up 0.16%. Sensex ended the day at 67519 with slight gains of 0.08% amidst weak global cues.

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Pertinently, while the market mood remains largely bullish, persistent selling by the FIIs and expensive valuation may put a check on further upside. Here's how analysts read the market pulse: «The market traded range-bound after touching a new high as higher-than-expected US inflation and anticipation of hawkish ECB policy meetings later today impacted investor sentiment. Concern over valuation and inflation trajectory due to increasing oil prices may navigate the market into a consolidation phase in the near-term,” Vinod Nair, Head of Research at Geojit Financial Services, said. “After rallying ~5% off the recent low, Nifty took a pause; it erased early gains, however managed to defend levels of 20k.

Nifty scaled fresh record-high peaks on positive macroeconomic data. The domestic institutional investors (DIIs) were net sellers and offloaded ₹50 crore in Indian stocks today.

₹17,000 crore in the pipeline. Institutional positioning has remained net positive throughout FY24. Foreign portfolio investors (FPIs), although net sellers in September, have been net buyers to the tune of ₹1.58 trillion since April 2023.

Nifty ended 33 points higher on Thursday's expiry, the index formed a spinning top-like pattern on the daily chart suggesting the possibility of the formation of a short-term top. However, having placed this candle pattern within a narrow range of 20,150-19,950 levels, the chances of further consolidation movement is likely in the short term, analysts said. Any decline from here could drag the Nifty towards the immediate support of around 19950 levels. A decisive up move above 20200 levels is expected to pull Nifty towards another hurdle of 20450 levels, said Nagaraj Shetti of HDFC Securities. Open Interest (OI) data reveals that the highest OI for calls is at 20,200, followed by 20,300 strike prices.

equity market benchmarks Sensex and Nifty settled higher on Thursday, September 14, amid broadly positive global cues ahead of the European Central Bank (ECB) interest rate decision. Market sentiment remained strong on healthy domestic macro numbers as government data showed wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52 per cent.

The NSE Nifty index ended the session 33.1 points up at 20103.1, while BSE Sensex rose 52.01 points to 67519.0. In the Nifty index, UPL Ltd.(up 3.86 per cent), Hindalco Industries Ltd.(up 2.93 per cent), Oil And Natural Gas Corporation Ltd.(up 2.18 per cent), Mahindra & Mahindra Ltd.(up 1.89 per cent) and Eicher Motors Ltd.(up 1.84 per cent) stood among the top gainers. On the other hand, Asian Paints Ltd.(down 1.14 per cent), ITC Ltd.(down 0.78 per cent), Coal India Ltd.(down 0.75 per cent), Britannia Industries Ltd.(down 0.74 per cent) and LTIMindtree Ltd.(down 0.73 per cent) were among the top losers of the day.

On the BSE, Gretex Corporate Ser(down 13.36 per cent), SMIFS Capital(down 10.00 per cent), Ascensive Educare(down 9.84 per cent), EP Biocomposites(down 9.44 per cent) and Naapbooks Ltd.(down 9.09 per cent) stood among the top losers in today's trade. In the Nifty pack, 31 stocks closed in the green, while 19 stocks ended in the red. The index closed 33.1 points up at 20103.1. On the BSE, IDream Film, Ambassador Intra, Toyam Industries, Karnavati Finance Lt and Hypersoft Technolog.

MAGADHSUGAR(up 11.34%), Sakthi Sugars(up 11.04%), Dhampur Sugar Mills(up 10.32%), Dwarikesh Sugar Industries(up 9.81%), Dalmia Bharat Sugar & Industries(up 8.23%), Simbhaoli Sugars(up 7.54%), BAJAJHIND(up 6.98%), Triveni Engineering & Industries(up 6.31%), Shree Renuka Sugars(up 6.19%) and Rana Sugars(up 5.96%) stood among the top gainers. were among the top losers of the day. The NSE Nifty50 index ended 33.1 points up at 20103.1, while the 30-share BSE Sensex closed up 52.01 points at 67519.0. UPL Ltd.(up 3.85%), Hindalco Industries Ltd.(up 2.92%), Oil And Natural Gas Corporation Ltd.(up 2.17%), Mahindra & Mahindra Ltd.(up 1.89%), Eicher Motors Ltd.(up 1.84%), Divi's Laboratories Ltd.(up 1.78%), Tata Steel Ltd.(up 1.65%), Tech Mahindra Ltd.(up 1.54%), Apollo Hospitals Enterprise Ltd.(up 1.46%) and Nestle India Ltd.(up 1.34%) stood among the top gainers in the Nifty pack. On the other hand, Asian Paints Ltd.(down 1.14%), ITC Ltd.(down 0.78%), Coal India Ltd.(down 0.75%), LTIMindtree Ltd.(down 0.73%), HDFC Life Insurance Company Ltd.(down 0.73%), Britannia Industries Ltd.(down 0.73%), Tata Consumer Products Ltd.(down 0.53%), Sun Pharmaceutical Industries Ltd.(down 0.43%), Hindustan Unilever Ltd.(down 0.22%) and Tata Consultancy Services Ltd.(down 0.21%) closed in the red.

Benchmark NSE Nifty closed 33.1 points up at 20103.1 amid buying in frontline bluechip counters. However, stocks such as Vaxtex Cotfab, Penta Gold, Dangee Dums, Brookfield India Rea and Blue Coast Hotel, 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, UPL, Hindalco, ONGC, M&M and Eicher Motors were among top gainers during the day, while Asian Paints, ITC, Coal India Ltd, Britannia and LTIMindtree ended in the red. The BSE Sensex closed 52.01 points up at 67519.0. Traders piled up positions in Aquaculture, Sugar, Telecommunications, Beverages — Alcoholic and Metals — Non Ferrous sectors, while selling was witnessed in Banks, Power, Building Materials, Irrigation & Allied Services and Tobacco sectors during the day.

equity market benchmarks the Sensex and the Nifty ended in the green on Thursday amid broadly positive global cues ahead of the European Central Bank (ECB) interest rate decision. Moreover, sentiment was underpinned by healthy domestic macro numbers as government data showed wholesale price inflation remained in the negative territory for the fifth straight month in August at -0.52 per cent. In July, the WPI inflation was at -1.36 per cent.

Godrej Consumer Products Ltd. slipped 0.26 per cent to Rs 1001.5 in Thursday's trade.

Havells India Ltd. fell 0.6 per cent to Rs 1390.5 in Thursday's trade as of 12:53PM (IST) even as the benchmark Nifty ruled at 20072.15, up 2.15 points. The scrip had closed at Rs 1399.0 in the previous session.