NIFTY Financial News

Day trading guide for today: On account of strong global market cues as China’s factory activity for August expanded and its central bank announced a cut in reserve requirements to boost the economy, Indian stock market finished higher on Friday. NSE Nifty went up 181 points and ended at 19,435 levels, BSE Sensex gained 555 points and closed at 65,387 mark while Bank Nifty index finished 446 points higher at 44,436 levels. Upstream oil companies were in the limelight as Brent crude surged to a 1-month high on the back of tighter US inventories and Russia signalled to curb oil export.

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 9 AUGUST 2005CATEGORYEQUITYTYPE LARGE & MIDCAPAUM* Rs.2,802 croreBENCHMARK NIFTY LARGE MIDCAP 250 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.85.90IDCW** Rs.21.69MINIMUM INVESTMENT Rs.1,000MINIMUM SIP AMOUNT Rs.100EXPENSE RATIO* (%) 1.99EXIT LOAD For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.#AS ON 31 JULY 2023 *AS ON 31 JULY 2023 **AS ON 29 AUGUST 2023FUND MANAGER MANISH GUNWANI 6 MONTHSRecent portfolio changes New entrants Ajanta Pharma, Apar Industries, Asahi India Glass, Aurobindo Pharma, Crompton Greaves Consumer Electricals, GE T&D India, Gland Pharma, Hindalco Inds, Hitachi Energy India, Indian Bank, Jio Financial Services, KEC International, Macrotech Developers, M&M Financial Services, Navin Fluorine International, NHPC, Polycab India, REC, Siemens, Sona BLW Precision Forgings, The Federal Bank, Vishnu Chemicals.Complete exits Aditya Birla Capital, Cholamandalam Investment & Finance Company, Container Corporation of India, Emami, Equitas Small Finance Bank, Housing Development Finance Corporation, IndusInd Bank, K.P.R.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market ended higher on Friday session. NSE Nifty gained 181 points and closed at 19,435 levels, BSE Sensex went up 555 points and ended at 65,387 mark whereas Bank Nifty index finished 446 points higher at 44,436 levels.

Nifty is located around the 19,200 and 19,600 zones, respectively. On the other hand, the areas of support and resistance for the Bank Nifty are 43,600 and 45,000, respectively, Aamar Deo Singh, Head Advisory, Angel One, tells ETMarkets. It is recommended to stay light until we see a clear trend emerging because the short-term and medium-term charts are not in sync in such situations, which usually results in turbulent trading sessions, he says.

Here's how analysts read the market pulse:«Investor sentiments were mostly cloudy due to mixed market trends on the global and domestic fronts. Concerns about the progress of US policy measures weighed on both domestic and global markets after the Fed Chair expressed his commitment to managing inflation within target bounds.

Nifty Auto index has rallied by 24% YTD. Initially, we had a sceptical view regarding the sector’s outlook due to fading pent- up demand and high vehicle costs. However, lower input costs and price hikes have driven margin expansion leading to stable earnings growth.

Nifty has started the September series on a bullish note, as the index has moved above the 21EMA for the first time in several days. This suggests the potential for a bullish reversal. Additionally, the index has broken out of a falling channel, further indicating increasing bullish sentiment.

Sensex and Nifty50 ended the week on a high, with metals, realty, and auto stocks outperforming others. Amid a host of important domestic and global events lined up for this week, here's what lies ahead for the stock markets. «Domestic equities cheered impressive growth in India's Q1 GDP and core sector output. Nifty opened positive on Friday and strengthened during the day to close near the day’s high.

₹6.06 lakh crore widened to 33.9 per cent on year and the eight core sectors posted a growth of 8 per cent in July which is slightly lower than 8.2 per cent posted in June. On the macro front, some of the key factors that will be in focus in the coming days are India’s S&P global services PMI, forex reserves data, Euro zone S&P global composite PMI, UK Services PMI, Euro Zone Q2 GDP, US factory orders, S&P global US services PMI, crude oil prices, foreign and domestic investors' activities will drive the market, according to analysts. In the coming week, four initial public offerings (IPO) await the bourses among main board and small-and-medium enterprises (SME) segment.

Foreign portfolio investors (FPIs) emerged net sellers in August with a muted performance on D-Street on rising US bond yields and a stronger dollar, compared to the earlier three months of sustained buying. FPIs bought ₹12,262 crore worth of Indian equities and infused a total of ₹18,338 crore as of August 31, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹12,262 crore-figure also includes bulk deals and investment in primary market.

Buy or sell stock: Following strong global cues, Indian stock market reversed the trend on Friday and ended higher. All key benchmark indices logged handsome gains but broad market indices failed to outperform key benchmark indices. NSE Nifty gained 181 points and closed at 19,435 levels, BSE Sensex surged 555 points and ended at 65,387 mark while Bank Nifty index went up 446 points and finished at 44,436 levels.

During the week, over 100 smallcap stocks delivered double-digit weekly returns with 15 of them offering over 25% gains. RailTel was the top gainer in the smallcap pack with 46% return, followed by India Pesticides (41.9%), Optiemus Infracom (36.3%) and HLV (33.7%). About nine stocks, including Jaiprakash Associates, Pearl Global, Himadri Speciality, MTAR Tech, Bajaj Healthcare, among others delivered between 20-25% gains during the week. In the midcap segment, eight stocks, including BHEL, Vodafone Idea, IRFC among others rose in double digits. While BHEL gained nearly 30%, Voda Idea and IRFC were up 15% each. In the Sensex pack, Tata Steel topped the charts with 8.7% returns, followed by Maruti Suzuki at 8.66% and NTPC at 5.85%. Sector wise, there was heavy buying in metal stocks in anticipation of further stimulus measures from the Chinese government.

The wonderful as well as worrying thing about credulity is that it's truly truth-agnostic. It is as immune and susceptible to falsities as it is to facts — the truth being whatever one ends up believing.

Adani Group companies recovered on Friday with the market valuation going up by Rs 13,500 crore a day after a report by OCCRP alleged that billionaire Gautam Adani used family associates to secretly invest hundreds of millions of dollars through «opaque» Mauritius-based investment funds to fuel the rise in group stocks.

Motilal Oswal Financial Services, reiterates 'buy' rating for Max Healthcare with a target price of ₹660, and sees an potential upside of 15% for the stock from Wednesday's close price of ₹575. After gaining for three consecutive sessions, on Friday, Max Healthcare shares ended in red at ₹574 apiece, down 2.48% on NSE.

₹122.52 billion ($1.48 billion) in August. FIIs emerged as net sellers in August on the back of a stronger dollar and high US bond yields. The domestic institutional investors (DIIs) emerged as net buyers in August and extended their buying spree in the first session of September as well.

Nifty closed above the 19,400 level on value-buying in power, metal and oil stocks following strong domestic macro data and global cues. In September, domestic markets will be driven by macro data along with global trends, before getting ready for the second-quarter earnings of current fiscal 2023-2024 in October. Amidst this, brokerages have recommended buying one PSU stock in September.

Friday was a great day for the the bulls. The coll...

₹20.6k crore in cash market for the August month. FIIs long ratio is now at 50 per cent vs 59 per cent index futures implying more of hedged short positions into the September series. With the VIX being at lower levels of 11-12 per cent first dip towards 19,100-19,000 might be more prudent for fresh long positions, said the brokerage in its report.

Domestic benchmark index NSE Nifty ended 181.5 points up at 19435.3, while the BSE Sensex closed 555.75 points up at 65387.16. On the other hand, Integrated Personnel, Pokarna Ltd, Rossell India, Railtel Corp and HLV Ltd. stocks hit their fresh 52-week highs today. In the Nifty 50 index, NTPC, ONGC, JSW Steel, Tata Steel and Maruti Suzuki were among the top gainers on the NSE in the today's trade. Meanwhile, Cipla, HDFC Life, Dr.

Nifty on Friday moved above the 21-EMA after a gap of several days and formed a long bull candle on the daily charts. On the weekly charts, a reasonable bull candle with minor lower shadow was seen. After showing a false downside breakout of 19250 levels on Thursday, the market seems to have reversed sharply on the upside, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The formation of a bullish pattern-like inverted hammer of last week seems to have confirmed this week with sizable upside bounce in the market.