NIFTY Financial News

The NSE Nifty index ended the session 176.4 points up at 19996.35, while BSE Sensex rose 528.17 points to 67127.08. In the Nifty index, Adani Ports & Special Economic Zone Ltd.(up 6.96 per cent), Adani Enterprises Ltd.(up 3.80 per cent), Power Grid Corporation of India Ltd.(up 2.26 per cent), Apollo Hospitals Enterprise Ltd.(up 2.22 per cent) and Axis Bank Ltd.(up 2.05 per cent) stood among the top gainers. On the other hand, Coal India Ltd.(down 1.12 per cent), Oil And Natural Gas Corporation Ltd.(down 0.57 per cent), Bajaj Finance Ltd.(down 0.26 per cent), Larsen & Toubro Ltd.(down 0.26 per cent) and IndusInd Bank Ltd.(down 0.09 per cent) were among the top losers of the day.

NS Venkatesh, CEO, AMFI, says “the equity flows are at a five-month high and mainly concentrated in the midcap, small cap and flexi cap funds. It is essentially because the investors find that the correction which happened in the smallcap as well as midcap space gives them an opportunity to participate in their upward story and that is why we are finding people putting money into the smallcaps and midcaps.”Firstly, let us talk about the SIP inflow numbers. It is above the Rs 15,000-crore mark for the second straight month on the trot and is at a record high level as well for the month of August. Do you expect this number to scale past the Rs 15,000 crore mark in September and touch Rs 16,000 crore?The SIP numbers are really good in the sense that we have touched an all-time high of Rs 15,800 crores during this month which is 500 crores above last month. We see the retail investors reposing faith and trust in the mutual fund industry and they are using the SIP as an investment vehicle to participate in the India story and we believe that going ahead we will see the SIP numbers on an increasing trend.

Domestic benchmark index NSE Nifty ended 176.4 points up at 19996.35, while the BSE Sensex closed 528.17 points up at 67127.08. On the other hand, SJVN, Ircon Intl., ITI Ltd, Vikas Ecotech and Vikas Multicorp stocks hit their fresh 52-week highs today. In the Nifty 50 index, Adani Ports SEZ, Adani Ent., Power Grid, Apollo Hospital and Axis Bank were among the top gainers on the NSE in the today's trade. Meanwhile, Coal India Ltd, ONGC, Bajaj Finance, L&T and IndusInd Bank were among the top losers of the day.

Adani Ports and Special Economic Zone Ltd (up 7.10%), Adani Enterprises Ltd (up 3.68%), Axis Bank Ltd (up 2.32%), Apollo Hospital Enterprises Ltd (up 2.19%), and Power Grid Corporation of India Ltd (up 2.18%)were among the top gainers of Nifty 50. Coal India Ltd (down 1.15%), Bajaj Finance Ltd (down 0.28%), Oil & Natural Gas Corporation Ltd (down 0.27%), and Larsen & Toubro Ltd (down 0.18) were among the laggards today.

I have Rs 35,000 surplus money to be invested. Is it advisable to invest in a Mutual Fund, Bank Nifty or Gold ETF or any other investment?

SIP inflows for the month of August were at Rs.15,813 crore, well above the Rs.15,000 crore level for the second month, according to the latest mutual fund data released by the Association of Mutual Funds in India (AMFI).

The Indian financial markets have displayed remarkable resilience in recent years, even amidst a global macroeconomic environment fraught with uncertainty. This resilience can be attributed to a combination of the Indian economy’s strength and favourable policy actions aimed at achieving the ambitious goal of a $5 trillion GDP. Consequently, domestic investments in financial markets have surged, with monthly Systematic Investment Plan (SIP) flows in mutual funds exceeding INR 15,000 crore, accompanied by a growing influx of retail investors.

Jupiter Hospital IPO: Bidding for the initial public offering (IPO) closed on 8th December 2023 and in three days of bidding from 6th to 8th September 2023, the book build issue got subscribed 63.72 times. The QIB portion of the public issue received rave response from investors as the issue got subscribed whopping 187.32 times in QIB segment. Now, after closure of suubscription and strong response by investors, bidders are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e.

Nifty hit its fresh record high of 19,992.65 in intraday trade on Monday. Nifty's last all-time high was 19,991.85 which it hit on July 20 this year.

Bino Pathiparampil of Elara Capital, says: “We have identified the cheapest stocks on a PEG basis and from among them, we have identified a few lists of stocks, which potentially look pretty attractive. Those include among the midcaps – Power Finance Corporation, Samvardhana Motherson, NHPC; among pharma names, Lupin and Aurobindo; among cement names, Dalmia Bharat and JK Cement, Zee Enterprises etc. “In the smallcap space that includes SJV and Bharat Dynamics, PVR Inox, J&K Bank, PNC Infratech, Marksans Pharma and Gabriel India. These valuations are still not stressed on a growth-adjusted basis, and we see potential for rerating from significant capital inflows into the mid and smallcap space.”What do you think is the cause of the stellar rally that we have witnessed? Do you think it is just a pullback from the earlier underperformance? Is it here to stay?We have seen a great rally in the small and midcaps in the last few months in this calendar year. We did some analysis to see how the outperformance of the rally pans out over a longer period. If we look at a 10-year timeframe, the smallcaps and midcaps have outperformed the Nifty by about 600 to 600 bps on the mid-cap index and 300 plus bps annualised for the smallcap index. But this outperformance comes down significantly if you look at the last five-year timeframe.

equity market benchmarks the Sensex and the Nifty have been in the green in September so far. Both indices are up over 3 per cent this month so far and analysts expect them to hit their all-time highs soon. However, the ongoing rally may not be sustained as the fundamentals are not supportive at this point.

These eight mid cap schemes underperformed their respective benchmarks in 2020, 2021, and 2022. The mid cap schemes are benchmarked against Nifty Midcap 100 — TRI, Nifty Midcap 150 — TRI, and S&P BSE 150 MidCap — TRI.

The BSE Sensex was trading 283 points or 0.43% higher at 66,882. Nifty50 was trading at 19,912, up 92 points or 0.46% at around 9.24 am. From the Sensex pack, HCL Tech, Tata Motors, NTPC, Wipro, and Power Grid opened with gains, while only Infosys, Bharti Airtel, and IndusInd Bank opened with cuts. Among individual stocks, SJVN shares opened over 6% higher after the company signed a power-purchase agreement with Bhakra Beas Management Board for an 18-megawatt solar power project. Adani Enterprises shares also opened 3% higher after the company's subsidiary in Singapore signed a joint venture agreement with Kowa Holding Asia, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. Sector-wise, Nifty PSU Bank rose 1.07% and Nifty Auto surged 0.54%.

In yet another trending day for the markets, both the Nifty and Bank Nifty continued to end with modest gains. The broader markets, though, continued to relatively outperform the frontline indices.

Balrampur Chini, Delta Corp, Chambal Fertilizers & Chemicals, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB) and Steel Authority of India (SAIL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Delta Corp stood at 92.4% on Friday with OI reported by Trendlyne at 15.5 million. It was down 2.8% from the previous session. The MWPL for Chambal Fertlizers stood at 96.5% with OI at 15.6 million.

Indian stock market is set for a muted opening on Monday amid mixed cues from global peers. The NSE IX's GIFT Nifty moved 7.5 points, or 0.04%, muted at 19,930.50. Asian equities were trading lower amid a lack of favourable cues, while the US stock market closed higher on Friday due to the long-term outlook of the domestic economy and as investors await the crucial US inflation statistics anticipated this week.

Day trading guide for today: Despite weak global sentiments, Dalal Street finished higher for six days in a row on Friday. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months. BSE Sensex finished 33 points higher at 66,598 mark whereas Bank Nifty index ended 278 points up at 45,156 levels.

Buy or sell stocks for today: Despite weak trend in global market, Indian indices finished higher for sixth straight session on Friday. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months.

₹4,203 crore worth of Indian equities and infused a total of ₹3,636 crore as of September 8.Wall Street stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three amidst worries that the Fed will opt for rate hikes to put a tame on inflation.The Adani Group's promoter firm has recently bolstered its ownership in two of the conglomerate's publicly traded companies as part of its ongoing efforts to rebound from the adverse impact of critical reports.According to stock exchange disclosures made by the promoter group, they have raised their ownership in the flagship company, Adani Enterprises, from 69.87% to 71.93%. These additional shares were acquired through Kempas Trade and Investment Ltd and Infinite Trade and Investment Ltd.In a separate announcement filed with the stock exchange, the promoter group also revealed an uptick in their stake in Adani Ports and Special Economic Zone Ltd, moving from 63.06% to 65.23%.

«With monsoon gradually improving and India hosting the G20 summit over the weekend, sentiments are buoyant and may lift the market towards its life high and 20k mark over the next few days,» 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 7.5 points, or 0.04 per cent, muted at 19,930.50, signaling that Dalal Street was headed for muted start on Monday.

This statistic is available for 125 funds, and of these, 114 have maintained a beta of less than one in the past year, indicating lower NAV fluctuations compared to the market benchmarks (on an average). Close to 70% of such funds have generated positive alpha (higher than expected returns) in the past year. The data has been sourced from ACE MF database and is based on 1 September 2023 NAVs.