NIFTY Financial News

MOIL(up 4.22%), Lexus Granito(up 2.14%), Ashapura Minechem(up 1.00%), Oriental Trimex(up 0.68%), KIOCL(up 0.68%) and Coal India(up 0.57%) stood among the top gainers. Pokarna(down 1.48%), Gujarat Mineral Dvpt Corporation(down 1.35%), Aro Granite Industries(down 1.15%), Madhav Marbles and Granites(down 0.94%), NMDC Ltd(down 0.40%) and Orissa Minerals Development Company(down 0.35%) were among the top losers of the day. The NSE Nifty50 index ended 93.65 points down at 19253.8, while the 30-share BSE Sensex closed down 255.84 points at 64831.41. Maruti Suzuki India Ltd.(up 2.11%), Cipla Ltd.(up 1.73%), HDFC Life Insurance Company Ltd.(up 1.2%), Titan Company Ltd.(up 0.72%), Hindalco Industries Ltd.(up 0.67%), Tata Steel Ltd.(up 0.65%), Coal India Ltd.(up 0.56%), Tech Mahindra Ltd.(up 0.39%), LTIMindtree Ltd.(up 0.38%) and UltraTech Cement Ltd.(up 0.38%) stood among the top gainers in the Nifty pack. On the other hand, Adani Enterprises Ltd.(down 3.73%), Bharat Petroleum Corporation Ltd.(down 3.23%), Adani Ports & Special Economic Zone Ltd.(down 3.23%), Eicher Motors Ltd.(down 2.03%), Britannia Industries Ltd.(down 1.82%), Tata Consumer Products Ltd.(down 1.65%), UPL Ltd.(down 1.45%), Bajaj Finance Ltd.(down 1.44%), Bajaj Auto Ltd.(down 1.3%) and Apollo Hospitals Enterprise Ltd.(down 1.23%) closed in the red.

Benchmark NSE Nifty closed 93.65 points down at 19253.8 amid selling in frontline bluechip counters. However, stocks such as TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure, touched their fresh 52-week lows. Overall, 13 shares ended in the green in Nifty50 index, while 37 closed in the red. In the Nifty 50 index, Maruti Suzuki, Cipla, HDFC Life, Titan Company and Hindalco were among top gainers during the day, while Adani Ent., Adani Ports SEZ, BPCL, Eicher Motors and Britannia ended in the red. The BSE Sensex closed 255.84 points down at 64831.41. Traders piled up positions in Telecommunications, Electric/Electronics, Engineering, Cables and Consumer Durables sectors, while selling was witnessed in Banks, Irrigation & Allied Services, Shipping, Building Materials and Term Lending Institutions sectors during the day.

Shares of IDFC First Bank Ltd.(up 1.19 per cent) and Federal Bank Ltd.(up 0.38 per cent) ended the day as top gainers in the pack. On the other hand, Bank of Baroda(down 2.34 per cent), State Bank of India(down 1.06 per cent), IndusInd Bank Ltd.(down 1.02 per cent), Axis Bank Ltd.(down 1.0 per cent) and Kotak Mahindra Bank Ltd.(down 0.9 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.55 per cent down at 43989.15. Benchmark NSE Nifty50 index ended down 93.65 points at 19253.8, while the BSE Sensex stood down 255.84 points at 64831.41. Among the 50 stocks in the Nifty index, 13 ended in the green, while 37 closed in the red. Shares of IDFC First Bank, Suzlon Energy, Reliance Power, Ashok Leyland and Alok Industries were among the most traded shares on the NSE. Shares of Aeroflex Industries, Manugraph India, HLV Ltd., Hercules Hoists and North Eastern(PP)hit their fresh 52-week highs in today's trade, while TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure hit their fresh 52-week lows.

Nifty settled lower on the last day of August on Thursday, tracking weak global cues, while investors awaited India's gross domestic product (GDP) data for the April-June quarter of current fiscal (2023-2024) which is expected later today. India's GDP likely moved up to 7.7 per cent in the first quarter, recording the fastest annual pace in a year, supported by robust government capital expenditure and a strong services sector. However, some economists and rating agencies expect India's Q1 GDP print to beat the 8 per cent forecast of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC).

Shares of Gland Pharma Ltd.(up 9.15 per cent), Cipla Ltd.(up 1.73 per cent), Glenmark Pharmaceuticals Ltd.(up 1.52 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 1.08 per cent) and Natco Pharma Ltd.(up 0.83 per cent) ended the day as top gainers in the pack. On the other hand, Torrent Pharmaceuticals Ltd.(down 5.74 per cent), Ipca Laboratories Ltd.(down 1.92 per cent), Granules India Ltd.(down 1.45 per cent), Alkem Laboratories Ltd.(down 1.38 per cent) and Abbott India Ltd.(down 1.08 per cent) finished as the top losers of the day. The Nifty Pharma index closed 0.2 per cent down at 15095.9. Benchmark NSE Nifty50 index ended down 93.65 points at 19253.8, while the BSE Sensex stood down 255.84 points at 64831.41. Among the 50 stocks in the Nifty index, 13 ended in the green, while 37 closed in the red. Shares of IDFC First Bank, Suzlon Energy, Reliance Power, Ashok Leyland and Alok Industries were among the most traded shares on the NSE. Shares of Aeroflex Industries, Manugraph India, HLV Ltd., Hercules Hoists and North Eastern(PP)hit their fresh 52-week highs in today's trade, while TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure hit their fresh 52-week lows.

Karma Energy(up 5.00%), RTNPOWER(up 4.62%), Alstom T&D India(up 4.14%), Voltamp Transformers(up 3.02%), Kalpataru Projects International(up 2.91%), KEC International(up 1.63%), GE Power India Limited(up 1.46%), NLC India(up 1.36%), DPSC(up 1.08%) and PTC India(up 0.83%) stood among the top gainers. Reliance Power(down 5.20%), Suzlon Energy(down 5.03%), ADANIGREEN(down 4.31%), Adani Energy Solutions(down 3.53%), Inox wind(down 3.27%), Transformers and Rectifiers(India)(down 2.78%), Adani Power(down 2.16%), Jaiprakash Power Ventures(down 1.84%), JSW Energy(down 1.64%) and NHPC(down 1.47%) were among the top losers of the day. The NSE Nifty50 index ended 93.65 points down at 19253.8, while the 30-share BSE Sensex closed down 255.84 points at 64831.41. Maruti Suzuki India Ltd.(up 2.11%), Cipla Ltd.(up 1.73%), HDFC Life Insurance Company Ltd.(up 1.2%), Titan Company Ltd.(up 0.72%), Hindalco Industries Ltd.(up 0.67%), Tata Steel Ltd.(up 0.65%), Coal India Ltd.(up 0.56%), Tech Mahindra Ltd.(up 0.39%), LTIMindtree Ltd.(up 0.38%) and UltraTech Cement Ltd.(up 0.38%) stood among the top gainers in the Nifty pack. On the other hand, Adani Enterprises Ltd.(down 3.73%), Bharat Petroleum Corporation Ltd.(down 3.23%), Adani Ports & Special Economic Zone Ltd.(down 3.23%), Eicher Motors Ltd.(down 2.03%), Britannia Industries Ltd.(down 1.82%), Tata Consumer Products Ltd.(down 1.65%), UPL Ltd.(down 1.45%), Bajaj Finance Ltd.(down 1.44%), Bajaj Auto Ltd.(down 1.3%) and Apollo Hospitals Enterprise Ltd.(down 1.23%) closed in the red.

Shares of Persistent Systems Ltd.(up 3.56 per cent), Coforge Ltd.(up 3.17 per cent), MphasiS Ltd.(up 2.66 per cent), L&T Technology Services Ltd.(up 0.42 per cent) and Tech Mahindra Ltd.(up 0.39 per cent) ended the day as top gainers in the pack. On the other hand, Tata Consultancy Services Ltd.(down 1.0 per cent) finished as the top losers of the day. The Nifty IT index closed 0.2 per cent up at 31164.9. Benchmark NSE Nifty50 index ended down 93.65 points at 19253.8, while the BSE Sensex stood down 255.84 points at 64831.41. Among the 50 stocks in the Nifty index, 13 ended in the green, while 37 closed in the red. Shares of IDFC First Bank, Suzlon Energy, Reliance Power, Ashok Leyland and Alok Industries were among the most traded shares on the NSE. Shares of Aeroflex Industries, Manugraph India, HLV Ltd., Hercules Hoists and North Eastern(PP)hit their fresh 52-week highs in today's trade, while TCNS Clothing, Allcargo Terminals, Penta Gold, Vedanta and SS Infrastructure hit their fresh 52-week lows.

stock market brought remarkable achievements with several midcap stocks surging to all-time highs on August 31, 2023. This surge in stocks, including Persistent Systems, Maruti Suzuki, Bharat Forge, TVS Motor Company, and Indian Hotels Company signifies the resilience and potential for growth within these companies. The data was sourced from StockEdge at 1:30 p.m., and the updates from the real-time data could come with a lag.

MTAR Technologies, Kirloskar Oil Engines, Nazara Technologies, and Ion Exchange India will be added to the FTSE Global Smallcap index, effective September 15, global index aggregator FTSE Russell said. The changes are part of the semi-annual review of indices by the index aggregator. Nazara Technologies and Ion Exchange will be simultaneously removed from the FTSE Global Equity index series Micro-Cap. The news of the inclusion triggered strong buying action in the stocks in trade on Thursday. Shares of Ion Exchange rallied over 9% and hit a 1-month high of Rs 575 on the National Stock Exchange (NSE).

Even as the pace it was moving upward has slowed, the nifty auto index is still in bullish mode. In fact it was the one first sectoral index to start moving upward and form a new high.

MphasiS Ltd. traded 3.35 per cent up in Thursday's trade at 02:10PM (IST).

Colgate-Palmolive (India) Ltd. fell 0.11 per cent to Rs 1938.2 in Thursday's trade as of 02:05PM (IST) even as the benchmark Nifty ruled at 19294.8, down 52.65 points. The scrip had closed at Rs 1940.4 in the previous session.

WhiteOak Capital Mutual Fund has launched WhiteOak Capital Multi Cap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The new fund offer or NFO of the scheme is open for subscription and it will close on September 14. The scheme will reopen for subscription within five business days from the date of allotment of units under NFO. The investment objective of the scheme is to provide long-term capital appreciation / income by investing across market capitalisations and managing a diversified portfolio of large cap, mid cap and small cap stocks.

Marico Ltd. gained 0.04 per cent to Rs 571.0 in Thursday's trade as of 01:49PM (IST). The stock hit a high price of Rs 574.0 and low of Rs 566.55 during the session. The return on equity (ROE) for the stock stood at 34.66 per cent.

Tata Power Company Ltd. gained 0.72 per cent to Rs 249.2 in Thursday's trade as of 12:58PM (IST). The stock hit a high price of Rs 249.2 and low of Rs 246.55 during the session. The return on equity (ROE) for the stock stood at 11.58 per cent.

ICICI Lombard General Insurance Company Ltd. traded 0.32 per cent up at Rs 1324.15 on Thursday at around 01:03PM (IST), while the benchmark BSE Sensex declined 89.27 points to 64997.98. As many as 3,564 shares changed hands on the counter with a total value of Rs 4693.0 crore. The stock quoted a 52-week high price of Rs 1422.85 and a 52-week low of Rs 1049.1. On the technical charts, the 200-DMA of the stock stood at Rs 1200.16, while 50-DMA was at Rs 1347.45.

Varun Beverages Ltd. gained 0.69 per cent to Rs 906.75 in Thursday's trade.

Kotak Mutual Fund has launched Kotak Multi Asset Allocation Fund, an open-ended scheme investing in equity, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives. The new fund offer or NFO of the scheme is open for subscription, and it will close on September 24. The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity-related securities, debt and money market instruments, commodity ETFs and exchange traded commodity derivatives.

Bajaj Holdings & Investment Ltd. traded 0.18 per cent up in Thursday's trade at 11:26AM (IST).

Sikko Industries(up 4.97%), Paradeep Phosphates(up 1.36%), Mangalore Chemicals & Fertilizers(up 1.03%), Deepak Fertilizers & Petrochemicals(up 0.76%), Nagarjuna Fertilizers & Chem(up 0.59%), KRISHANA(up 0.41%) and National Fertilizer(up 0.15%) were among the top gainers. Khaitan Chemicals & Fertilizers(down 2.75%), Agro Phos(down 1.99%), Coromandel International(down 1.51%), Southern Petrochemicals Industries(down 1.34%), Aries Agro(down 0.97%), ZUARIAGRO(down 0.83%), Chambal Fertilisers & Chemicals(down 0.82%), Madras Fertlizers(down 0.79%), Rashtriya Chemicals & Fertilizers(down 0.73%) and Rama Phosphates(down 0.51%) were among the top losers. The NSE Nifty50 index was trading 27.3 points down at 19320.15, while the 30-share BSE Sensex was down 38.54 points at 65048.71 at around 10:50AM. Maruti Suzuki India Ltd.(up 1.58%), Hindalco Industries Ltd.(up 1.57%), LTIMindtree Ltd.(up 1.37%), Tech Mahindra Ltd.(up 1.26%), HCL Technologies Ltd.(up 1.22%), UltraTech Cement Ltd.(up 0.96%), Titan Company Ltd.(up 0.8%), Infosys Ltd.(up 0.61%), Coal India Ltd.(up 0.59%) and Tata Consultancy Services Ltd.(up 0.56%) were among the top gainers in the Nifty pack. On the other hand, Adani Enterprises Ltd.(down 3.25%), Adani Ports & Special Economic Zone Ltd.(down 2.71%), Bharat Petroleum Corporation Ltd.(down 1.36%), Eicher Motors Ltd.(down 1.34%), Bajaj Finance Ltd.(down 1.13%), Nestle India Ltd.(down 1.11%), Tata Consumer Products Ltd.(down 0.98%), Asian Paints Ltd.(down 0.96%), Britannia Industries Ltd.(down 0.89%) and UPL Ltd.(down 0.75%) were trading in the red.

Aro Granite Industries(up 2.88%), Oriental Trimex(up 1.36%), KIOCL(up 0.86%), MOIL(up 0.57%) and Coal India(up 0.55%) were among the top gainers. Gujarat Mineral Dvpt Corporation(down 1.84%), NMDC Ltd(down 1.50%), Pokarna(down 0.90%), Orissa Minerals Development Company(down 0.83%), Madhav Marbles and Granites(down 0.63%), Lexus Granito(down 0.27%) and Ashapura Minechem(down 0.20%) were among the top losers. The NSE Nifty50 index was trading 23.35 points down at 19324.1, while the 30-share BSE Sensex was down 23.32 points at 65063.93 at around 10:44AM. Maruti Suzuki India Ltd.(up 1.5%), Hindalco Industries Ltd.(up 1.46%), LTIMindtree Ltd.(up 1.32%), HCL Technologies Ltd.(up 1.19%), Tech Mahindra Ltd.(up 1.14%), UltraTech Cement Ltd.(up 0.89%), Titan Company Ltd.(up 0.77%), Infosys Ltd.(up 0.62%), Tata Consultancy Services Ltd.(up 0.6%) and Coal India Ltd.(up 0.59%) were among the top gainers in the Nifty pack. On the other hand, Adani Enterprises Ltd.(down 3.43%), Adani Ports & Special Economic Zone Ltd.(down 2.74%), Eicher Motors Ltd.(down 1.41%), Bharat Petroleum Corporation Ltd.(down 1.25%), Bajaj Finance Ltd.(down 1.2%), Nestle India Ltd.(down 1.04%), IndusInd Bank Ltd.(down 0.95%), Asian Paints Ltd.(down 0.92%), Tata Consumer Products Ltd.(down 0.92%) and Britannia Industries Ltd.(down 0.8%) were trading in the red.