NIFTY Financial News

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says “if you look at both daily and weekly charts, the smallcap index has like an 86 reading on the daily chart, it can appear high. But in extended moves, these readings can remain there for a prolonged period of time. So I will give it a while. I think there is a need for some kind of a pullback which may not happen immediately. So I will push it forward till the largecaps really catch up.”We are headed to 20,000 but it looks like we have hit a break as far as the last 1-2 hours are concerned. Do you still believe that the rally to 20,000 is intact and likely to happen in September itself?Yes, that remains my view. In the short-term intraday, we are just going to be watching 19,530. What is important about 19,530 is not just the 20-hour average but also if we take the last two highs from where the market sold off and drew a trend line, that support also comes in at around 19,530. That is sort of a breakout point that will get retested between 19,530 and 19,520.

Tata Power Company Ltd. slipped 1.02 per cent to Rs 255.75 in Wednesday's trade.

ICICI Prudential Life Insurance Company Ltd. rose 0.1 per cent to Rs 537.25 in Wednesday's trade.

Trent Ltd. traded 0.24 per cent up in Wednesday's trade at 11:47AM (IST).

Notwithstanding the fact that nine out of 10 individual futures and options (F&O) traders end up losing their capital, stock exchanges BSE and NSE have seen a sharp surge in retail derivative trading, supported by introduction of multiple index options. Earlier, option traders used to focus only on Thursday as being the weekly option expiry for two key indices Nifty and Bank Nifty, but now every day is a weekly expiry day. Option buyers and sellers now have multiple options to choose from. Here's how the derivative expiry calendar looks like now:

Siemens Ltd. rose 0.64 per cent to Rs 3924.95 in Wednesday's trade as of 11:36AM (IST) even as the benchmark Nifty ruled at 19562.25, down 12.65 points. The scrip had closed at Rs 3899.9 in the previous session.

₹246.85 apiece on the BSE. Jio Financial Services Ltd (JFSL), the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, will be dropped from Nifty 50 and other NSE indices, on September 7, the stock exchange NSE said on Tuesday. JFSL shares will be dropped from 19 NSE indices, including Nifty 50, Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty Commodities and Nifty Oil & Gas.

premier portfolio management firm , today announced that it has received the final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade , Founder of OBCM said "We are delighted to receive this license to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired license, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well".

The NSE Nifty index was trading 6.05 points up at 19580.95, while BSE Sensex was up 3.5 points at 65783.76 at the time of writing this report. In the Nifty index, Divi's Laboratories Ltd.(up 1.66 per cent), Cipla Ltd.(up 1.38 per cent), Sun Pharmaceutical Industries Ltd.(up 1.33 per cent), HDFC Life Insurance Company Ltd.(up 1.15 per cent) and SBI Life Insurance Company Ltd.(up 1.11 per cent) were among the top gainers. While Hindalco Industries Ltd.(down 1.69 per cent), Tata Steel Ltd.(down 1.40 per cent), NTPC Ltd.(down 1.19 per cent), Infosys Ltd.(down 0.84 per cent) and Grasim Industries Ltd.(down 0.79 per cent) were among the top losers in the index.

rupee depreciated 5 paise to 83.09 against the US dollar in early trade on Wednesday as elevated crude oil prices and strength of the American currency weighed on investor sentiments. Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days. At the interbank foreign exchange, the domestic unit opened at 83.08, then touched 83.09, registering a decline of 5 paise over its last close. On Tuesday, the rupee plunged by 33 paise to close at 83.04 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.09 per cent to 104.71. Brent crude futures, the global oil benchmark, rose 0.07 per cent to USD 90.10 per barrel. Saudi Arabia and Russia shook the oil world when they extended production cuts to December taking Brent oil to USD 90.19 per barrel, Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP said. This spelled tighter supplies in the next four months as markets expected a supply cut only up to October.

Colgate-Palmolive (India) Ltd. gained 2.34 per cent to Rs 1986.3 in Wednesday's trade.

Uttam Sugar Mills(up 7.98%), AVADHSUGAR(up 7.33%), Mawana Sugars(up 7.22%), Dalmia Bharat Sugar & Industries(up 6.50%), KCP Sugar & Industries(up 6.14%), Shree Renuka Sugars(up 5.34%), EID Parry(up 5.18%), Dwarikesh Sugar Industries(up 4.36%), K.M.Sugar Mills(up 4.26%) and MAGADHSUGAR(up 4.06%) were among the top gainers. were among the top losers. The NSE Nifty50 index was trading 8.05 points down at 19566.85, while the 30-share BSE Sensex was down 33.95 points at 65746.31 at around 10:14AM. Cipla Ltd.(up 1.54%), HDFC Life Insurance Company Ltd.(up 1.44%), Divi's Laboratories Ltd.(up 1.38%), Oil And Natural Gas Corporation Ltd.(up 1.03%), SBI Life Insurance Company Ltd.(up 0.9%), Bharti Airtel Ltd.(up 0.72%), HDFC Bank Ltd.(up 0.57%), LTIMindtree Ltd.(up 0.54%), Dr.

Indiabulls Real Estate Ltd.(up 7.6 per cent), Brigade Enterprises Ltd.(up 1.96 per cent), Oberoi Realty Ltd.(up 0.54 per cent), Mahindra Lifespace Developers Ltd.(up 0.21 per cent) and Sobha Ltd.(up 0.16 per cent) were among the top gainers. Macrotech Developers Ltd.(down 2.1 per cent), Prestige Estates Projects Ltd.(down 0.88 per cent), Phoenix Mills Ltd.(down 0.62 per cent) and DLF Ltd.(down 0.19 per cent) were the top losers on the index. The Nifty Realty index was down 0.03 per cent at 576.0 at the time of writing this report. Benchmark NSE Nifty50 index was down 4.2 points at 19570.7, while the BSE Sensex was down 52.27 points at 65727.99. Among the 50 stocks in the Nifty index, 26 were trading in the green, while 24 were in the red. Shares of Reliance Power, Indian Railway Fin, JP Power, YES Bank and NBCC were among the most traded shares on the NSE. Shares of Fidel Softech, Artemis Medicare, HLV Ltd., Indian Card Clothing and Century Extrus hit their fresh 52-week highs in today's trade, while Bombay Metrics Suppl, Penta Gold, Sanco Industries, Tara Chand Logistic and Arvee Laboratories hit fresh 52-week lows in trade.

rupee depreciated 29 paise to end near its two-week low of 83.04 a dollar. The yen was at 147.66 per dollar, just shy of 147.8 per dollar, the lowest since November 4 it touched overnight. The euro was unchanged at $1.0721, having breached a three-month low of $1.0705 overnight.

₹1,725 crore. Meanwhile, DIIs registered a net inflow of ₹1,077.86 crore.US stocks dipped on Tuesday after a long weekend, weighed down by rising treasury yields and higher oil prices.

Indian stock market is likely to open on a cautious note Wednesday following mixed global cues. The trends on Gift Nifty indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 19,669 level as compared to the Nifty futures’ previous close of 19,650.

Indian stock market is expected to open on a cautious note Wednesday amid mixed global cues. While Asian markets traded mixed, US stock indices ended lower overnight as a rally in crude oil prices stoked inflation worries. Investors remained cautious as crude oil prices surged to 10-month high levels after Saudi Arabia and Russia announced to extend their voluntary oil production cut through the end of the year.

Day trading guide for today: Domestic equity benchmarks Sensex and Niftysettled higher in the previous session for the third straight day amid positive domestic macroeconomic data. Domestically focused mid-caps and small-caps outperformed the blue-chips setting record highs. The 30-share BSE Sensex ended higher by 152.12 points or 0.23 per cent at 65,780.26 level on Tuesday, September 5, while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24 per cent.

macroeconomic data, domestic benchmark equity indices ended in green for a third session in a row. The 30-share BSE Sensex ended higher by 152.12 points or 0.23% 65,780.26 level while the Nifty also closed at 19,574.90 level, up 46.10 points or 0.24%. India’s services activity continued to expand in August, but at a slower pace than in July.

₹100 crore from two entities backed by the Kamath brothers, Nitin and Nikhil, the co-founders of broking firm Zerodha. This investment was in private capacity and raises the family’s stake in the company to 3.5%. “This concept of investing in India has been encouraged —other investors like Rakesh Jhunjunwala did a fairly good job.

MUMBAI : High networth investor (HNI) and retail inflows into midcap and small cap stocks have helped these constituents steal the thunder from large-caps in the latest market rally from March to date. The Nifty Smallcap 100 index has surged 40.53% while the Nifty Midcap 100 has risen 35% from 20 March through 5 September.