NIFTY Financial News

Tube Investments of India Ltd.(up 3.13 per cent), Sona BLW Precision Forgings Ltd.(up 1.08 per cent), Balkrishna Industries Ltd.(up 0.78 per cent), Bajaj Auto Ltd.(up 0.62 per cent) and Tata Motors Ltd.(up 0.59 per cent) were among the top gainers. Samvardhana Motherson International Ltd.(down 1.41 per cent), Mahindra & Mahindra Ltd.(down 0.21 per cent), Eicher Motors Ltd.(down 0.17 per cent) and Bharat Forge Ltd.(down 0.11 per cent) were the top losers on the index. The Nifty Auto index was up 0.24 per cent at 15981.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 30.95 points at 19559.75, while the BSE Sensex was up 107.71 points at 65735.85. Among the 50 stocks in the Nifty index, 33 were trading in the green, while 17 were in the red. Shares of Indian Railway Fin, YES Bank, MMTC, JP Power and NHPC were among the most traded shares on the NSE. Shares of Century Extrus, MMTC, Vinsys IT Services, Raymond and Pritika Engineering hit their fresh 52-week highs in today's trade, while Penta Gold, Sanco Industries, N K Industries, GNA Axles and Arvee Laboratories hit fresh 52-week lows in trade.

Adani Power Ltd. traded 1.96 per cent higher in Tuesday's session at 10:25AM (IST).

rupee ended 3 paise lower at 82.75 a dollar. “The rupee is expected to appreciate today amid improving risk appetite in global equities. Increasing hopes of China’s stimulus and Fed pause in its interest rate hike cycle could limit the upside in the dollar.

midcap and smallcap stocks are abuzz on Dalal Street with their strong outperformance this year. The Nifty Midcap 100 index has jumped more than 27% this year so far, crossing the 40,000-mark for the first time ever on Tuesday. Nifty Smallcap 100 index also stands at around 30% returns year-to-date.

BHEL), Balrampur Chini, Hindustan Copper, The India Cements and Indiabulls Housing Finance. 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 BHEL stood at 105.8% on Monday with OI reported by Trendlyne at 100.6 million. It was up 8.8% from the previous session. The MWPL for Hindustan Copper stood at 102.1% with OI reported at 38.1 million.

“While there could be multiple sectors that would benefit from this event, the broader themes that would hog limelight could be the energy sector, power sector, automobiles, cement, commodities such as metals, space/defence to name a few,” says Nitin Rao, CEO, InCred Wealth. In an interview with ETMarkets, Rao said: “The focus on switching to clean energy/decarbonization / moving away from fossil fuels, exhibits a lot of opportunities for companies operating in the oil & gas/energy sector” Edited excerpts:The market seems to be finding some resistance at higher levels – what is your take on markets at current?After a significant rally from March 2023 lows, markets peaked around 20th July this year close to 20,000 on the Nifty 50 index. After almost a 1.5-year period, markets broke out of the 17800 – 18700 range that it had been trading in since October 2021.

Day trading guide for today: On account of strong global cues, Indian stock market ended higher on second day in a row on Monday. NSE Nifty ended 93 points higher at 19,528 levels, BSE Sensex gained 240 points and finished at 65,628 mark whereas Bank Nifty index went up 142 points and closed at 44,578 levels.

Sensex and Nifty rallied for the second straight session on Monday. The BSE benchmark Sensex climbed 240 points to settle at 65,628, while Nifty rose 93 points to end at 19,528.80. Stocks that were in focus included names like Kotak Bank, which fell 0.37%, IDFC First Bank, which gained 5.78%, and Nazara Tech, whose shares jumped 10.20% on Monday. Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today.Kotak Mahindra Bank — BuyOn the weekly chart, the stock has been trading in a range of 3% since the last 4 weeks and the only positive thing in this setup after a sharp sell off is that the stock is not making a new low. This seems to be a positive sign and can be seen as supply is getting exhausted.

Indian stock market is likely to open lower on Tuesday following weak global cues. The trends on Gift Nifty also indicate a weak start for the Indian benchmark index. The Gift Nifty was trading at around 19,593 level as compared to the Nifty futures’ previous close of 19,614.

Buy or sell stocks for today: Following strong global market cues on strong US job market buzz, Indian stock market ended higher on Monday. NSE Nifty gained 93 points and closed at 19,528 levels, BSE Sensex went up 240 points and finished at 65,628 mark whereas Bank Nifty index added 142 points and ended at 44,578 levels.

Dish TV India Ltd promoter entity World Crest Advisors, seeking to prevent Yes Bank Ltd and JC Flowers Asset Reconstruction Pvt. Ltd from transferring or encumbering Dish TV shares.“In light of prima facie finding, that JC Flowers, presently registered as beneficial owner, is having all the rights, benefits and liabilities attached to the securities held by depository and including voting rights, as well as the prima facie finding that no case of fraud has been established by the plaintiff, the interim relief sought for in the present application cannot be granted," said a bench led by Justice R.I.

Indian stock market is expected to open lower on Tuesday following weakness in Asian markets ahead of key economic data releases in the region. The US markets were shut for a holiday. The Reserve Bank of Australia will announce its interest rate decision, while the purchasing managers index readings from China, India and Hong Kong will also be released today.

equities rallied for a second consecutive day following strong macro data and firm global cues. Investors would keep an eye on services PMI data from Europe, UK and India, due later today. «Going ahead, domestic positives should continue to support indices with broader market sustaining momentum. Sectoral rotation would continue with niche and underperforming sectors likely to do well,» 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 8.5 points, or 0.04 per cent, higher at 19,607.50, signaling that Dalal Street was headed for muted start on Tuesday.

Uday Kotak’s successor as chief executive of the bank he founded could be quicker than otherwise — at least in theory — since the due diligence on ‘fit and proper’ criterion for both internal candidates isn’t expected to be unusually lengthy. Kotak Mahindra Bank’s nomination and remuneration committee has offered the Reserve Bank of India (RBI) the names of two internal candidates — KVS Manian and Shanti Ekambaram — to succeed Asia’s richest banker at the corner office at India’s third-most valued private lender. The nominations are seen as a departure of sorts from recent trends wherein most lenders offered at least one external candidate as potential successors to outgoing chief executives.

₹6,833.29 crore, resulting in an outflow of ₹3,367.67 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹10,461.54 crore and offloaded shares worth ₹7,898.06 crore, resulting in an inflow of ₹2,563.48 crore, the exchange data showed. The BSE benchmark Sensex climbed 240.98 points, or 0.37%, to end at 65,628.14.

Asset Management Ltd., one of India's newest fund houses, is getting ready to introduce mutual fund schemes. Zerodha has submitted draft offer documents to the market regulator for the launch of two schemes, the Zerodha Tax Saver (ELSS) Nifty Large Midcap 250 Index Fund and the Zerodha Nifty Large Midcap 250 Index Fund (ZN250), in accordance with its mandate to establish passive schemes.

Zerodha has filed papers with the Securities and Exchange Board of India (Sebi) to launch two passive funds. The two funds are Zerodha Tax Saver (ELSS) Nifty LargeMidcap 250 Index Fund and Zerodha Nifty LargeMidcap 250 Index Fund. Both are passive index funds, tracking the Nifty LargeMidcap 250 Index Fund. Zerodha Tax Saver Nifty LargeMidcap 250 Index Fund is an open-ended passive equity linked savings scheme, with a statutory lock-in period of 3 years. The fund will invest in stocks comprising the Nifty LargeMidcap 250 index in the same proportion as in the index, while offering deduction on such investment under the 80C income tax. The Zerodha Nifty LargeMidcap 250 index fund is also an open-ended scheme, but a normal diversified scheme.

Domestic benchmark index NSE Nifty ended 93.5 points up at 19528.8, while the BSE Sensex closed 240.98 points up at 65628.14. On the other hand, MMTC, Indian Railway Fin, De Neers Tools, All E Technologies and JP Associates stocks hit their fresh 52-week highs today. In the Nifty 50 index, Coal India Ltd, Wipro, HCL Tech, UltraTech Cem.

Future Consumer(up 6.25%), Nakoda Group(up 4.79%), Hatsun Agro Product Ltd(up 2.14%), Marico(up 1.44%), Varun Beverages(up 1.38%), P & G Hygiene(up 1.19%), Dodla Dairy(up 1.07%), Dabur India(up 0.82%), Gillette India(up 0.76%) and ADF Foods(up 0.75%) stood among the top gainers. Umang Dairies(down 3.01%), Emami(down 2.26%), Bajaj Consumer(down 1.98%), Parag Milk(down 1.23%), Prataap Snacks(down 1.20%), Dangee Dums(down 1.18%), Tasty Bite Eatables(down 1.02%), Bikaji Foods International(down 1.01%), Jyothy Labs(down 0.88%) and Vadilal Industries(down 0.84%) were among the top losers of the day. The NSE Nifty50 index ended 93.5 points up at 19528.8, while the 30-share BSE Sensex closed up 240.98 points at 65628.14. Coal India Ltd.(up 4.6%), Wipro Ltd.(up 4.26%), HCL Technologies Ltd.(up 3.93%), UltraTech Cement Ltd.(up 3.87%), Tata Steel Ltd.(up 3.69%), Hindalco Industries Ltd.(up 2.83%), Tech Mahindra Ltd.(up 2.33%), NTPC Ltd.(up 2.21%), Grasim Industries Ltd.(up 1.63%) and Infosys Ltd.(up 1.47%) stood among the top gainers in the Nifty pack. On the other hand, Mahindra & Mahindra Ltd.(down 0.97%), Axis Bank Ltd.(down 0.89%), ITC Ltd.(down 0.8%), Nestle India Ltd.(down 0.8%), Asian Paints Ltd.(down 0.73%), Bajaj Finance Ltd.(down 0.68%), Bajaj Auto Ltd.(down 0.67%), Titan Company Ltd.(down 0.52%), Cipla Ltd.(down 0.52%) and Kotak Mahindra Bank Ltd.(down 0.5%) closed in the red.

Energy Development Company(up 19.83%), PTC India(up 7.31%), Torrent Power(up 6.06%), Jaiprakash Power Ventures(up 5.49%), CESC(up 5.44%), NLC India(up 4.27%), Transformers and Rectifiers(India)(up 3.80%), Kalpataru Projects International(up 3.76%), Adani Power(up 3.48%) and DPSC(up 3.04%) stood among the top gainers. RTNPOWER(down 5.00%), Suzlon Energy(down 3.60%), Karma Energy(down 3.00%), Inox Wind Energy(down 1.99%), Voltamp Transformers(down 1.65%), Adani Energy Solutions(down 0.88%), Orient Green Power Company(down 0.36%) and Inox wind(down 0.15%) were among the top losers of the day. The NSE Nifty50 index ended 93.5 points up at 19528.8, while the 30-share BSE Sensex closed up 240.98 points at 65628.14. Coal India Ltd.(up 4.6%), Wipro Ltd.(up 4.26%), HCL Technologies Ltd.(up 3.93%), UltraTech Cement Ltd.(up 3.87%), Tata Steel Ltd.(up 3.69%), Hindalco Industries Ltd.(up 2.83%), Tech Mahindra Ltd.(up 2.33%), NTPC Ltd.(up 2.21%), Grasim Industries Ltd.(up 1.63%) and Infosys Ltd.(up 1.47%) stood among the top gainers in the Nifty pack. On the other hand, Mahindra & Mahindra Ltd.(down 0.97%), Axis Bank Ltd.(down 0.89%), ITC Ltd.(down 0.8%), Nestle India Ltd.(down 0.8%), Asian Paints Ltd.(down 0.73%), Bajaj Finance Ltd.(down 0.68%), Bajaj Auto Ltd.(down 0.67%), Titan Company Ltd.(down 0.52%), Cipla Ltd.(down 0.52%) and Kotak Mahindra Bank Ltd.(down 0.5%) closed in the red.

Retail investors are betting big on small-cap funds as the category constitutes more than 50% of net inflows of actively managed equity fund categories. They should now preferably deploy money in these funds in a staggered manner through systematic investment plans (SIPs) or systematic transfer plans (STPs) and avoid lumpsum investments as valuations are turning expensive and the Nifty Smallcap 250 Index is at its all-time high.