NIFTY Financial News

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled higher in the previous session supported by gains in select heavyweights, including HDFC Bank, Tata Steel amid positive global cues. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended with gains. European markets were trading in the green.

real estate, metals, and auto sectors. Nifty Realty, Auto, Metal, Consumer Durables ended in green with 0.63% to 1.7% gains. "Domestic indices traded in positive territory for the second consecutive day amid gains in global equities.

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₹305 crore during the session. As per the NSE data, FIIs cumulatively bought ₹10,515.8 crore of Indian equities, while they sold ₹10,453.97 crore --- resulting in an inflow of ₹61.51 crore. Meanwhile, DIIs infused ₹8,131.87 crore and offloaded ₹7,826.78 crore, registering an inflow of ₹305.09 crore.

Kunj Bansal, Investment-illiteracy.com, says “the market cannot keep moving in the same direction forever, especially if we talk of the upward movement of the market then the valuations will become completely unaffordable and fresh money will not find valuation comfort to come in. The market always touches a milestone and then comes back and gives opportunity to the investor.”The market is very slow, very sluggish. What do you do in these kinds of markets?These kinds of markets are required, otherwise the fresh money coming in will not get the valuation comfort.

Khaitan Chemicals & Fertilizers(up 12.01%), Deepak Fertilizers & Petrochemicals(up 5.49%), Aries Agro(up 4.10%), Rashtriya Chemicals & Fertilizers(up 2.95%), Sikko Industries(up 2.35%), Gujarat Narmada Valley Fertilizers (up 2.24%), Rama Phosphates(up 1.98%), National Fertilizer(up 1.92%), Chambal Fertilisers & Chemicals(up 1.53%) and G S F C(up 1.17%) stood among the top gainers. Nagarjuna Fertilizers & Chem(down 3.98%), Mangalore Chemicals & Fertilizers(down 1.85%), Coromandel International(down 0.60%) and Madhya Bharat Agro Products(down 0.41%) were among the top losers of the day. The NSE Nifty50 index ended 36.6 points up at 19342.65, while the 30-share BSE Sensex closed up 79.22 points at 65075.82. Hindalco Industries(up 2.18%), UPL Ltd(up 2.13%), Adani Ports & Special Economic Zone(up 1.99%), Hero MotoCorp(up 1.92%), Tata Steel(up 1.66%), Bajaj Auto(up 1.39%), Adani Enterprises(up 1.38%), JSW Steel(up 1.25%), HDFC LIFE INSURANCE(up 1.2%) and Tech Mahindra(up 1.12%) stood among the top gainers in the Nifty pack. On the other hand, Bharti Airtel(down 1.74%), Hindustan Unilever(down 1.16%), Axis Bank(down 0.96%), Reliance Industries(down 0.96%), Dr Reddys Laboratories(down 0.9%), IndusInd Bank(down 0.66%), Apollo Hospitals Enterprises(down 0.55%), Sun Pharmaceutical Industries(down 0.48%), TATA CONSUMER PRODUCTS(down 0.42%) and Kotak Mahindra Bank(down 0.4%) closed in the red.

rupee declined by 8 paise to settle at 82.71 (provisional) against the US currency on Tuesday due to a rebound in crude oil prices and greenback in the global markets. Foreign fund outflows from the equity markets also weighed on the rupee sentiment, forex dealers said. At the interbank foreign exchange, the domestic unit opened higher at 82.58 amid overnight losses in the US dollar against major global rivals. Volatile equity markets and recovery in crude oil prices during the day hit the rupee sentiment, dragging the unit to a day's low of 82.73. The rupee settled lower by 8 paise at 82.71 against the US dollar.

The NSE Nifty index closed 36.6 points up at 19342.65, while BSE Sensex ended up 79.22 points at 65075.82. On the other hand, Bharti Airtel Ltd.(down 1.74 per cent), Hindustan Unilever Ltd.(down 1.16 per cent), Axis Bank Ltd.(down 0.96 per cent), Reliance Industries Ltd.(down 0.96 per cent) and Dr.

The NSE Nifty index ended the session 36.6 points up at 19342.65, while BSE Sensex rose 79.22 points to 65075.82. In the Nifty index, Hindalco Industries Ltd.(up 2.18 per cent), UPL Ltd.(up 2.13 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.99 per cent), Hero MotoCorp Ltd.(up 1.92 per cent) and Tata Steel Ltd.(up 1.66 per cent) stood among the top gainers. On the other hand, Bharti Airtel Ltd.(down 1.74 per cent), Hindustan Unilever Ltd.(down 1.16 per cent), Axis Bank Ltd.(down 0.96 per cent), Reliance Industries Ltd.(down 0.96 per cent) and Dr.

Nifty settled higher on Tuesday, August 29, for the second consecutive session supported by gains in the shares of select heavyweights, including HDFC Bank, Larsen and Toubro and Tata Steel amid positive global cues. Sensex ended with a gain of 79 points, or 0.12 per cent, at 65,075.82.

Nifty ended in the green for the second consecutive session on Tuesday, supported by gains in the shares of select heavyweights, including HDFC Bank, Larsen and Toubro and Tata Steel amid positive global cues. However, losses in shares of Reliance Industries (RIL), Bharti Airtel and ICICI Bank capped the gains of the key indices. Global cues were largely positive.

Aashish Somaiyaa, CEO, White Oak Capital Management, points out that “bulk of whatever net flow is there, a good part of it is going into smallcaps. Those are the signs which tell us that there is some amount of froth in valuation. Some exuberance also points to that and in the last three-four months, suddenly the smallcap and micro cap index have shot up a lot. So, sharp movement in a short time that actually tells you a lot.”You must have read the latest note by Akash Prakash, which is based on your previous boss Raamdeo Agrawal’s recent presentation on flows. Raamdeo has made a presentation to a clutch of investors which is the talk of the town on how meaningful and sustainable domestic flows has the potential to become over the next decade or so. Are you seeing signs that now it is not about retail investors trying to time the market and gradually cyclicality is moving out of it? Yes, I definitely read that interesting piece by Mr Akash Prakash.

Golden Crossover stands as a noteworthy phenomenon, offering insights into potential trends and shifts in stock movement. This article delves into the essence of the Golden Crossover, highlighting its importance for traders and investors. The Golden Crossover is a pivotal technical analysis pattern that occurs when a short-term moving average crosses above a long-term moving average.

Cholamandalam Investment & Finance Company Ltd. fell 0.92 per cent to Rs 1083.3 in Tuesday's trade as of 02:10PM (IST) even as the benchmark Nifty ruled at 19357.05, up 51.0 points. The scrip had closed at Rs 1093.45 in the previous session.

Bharat Electronics Ltd. slipped 0.03 per cent to Rs 134.8 in Tuesday's trade as of 01:50PM (IST). The stock hit a high price of Rs 135.8 and low of Rs 134.2 during the session. The return on equity (ROE) for the stock stood at 21.53 per cent.

Some small finance banks are giving lucrative fixed deposit options. Is it advisable to opt for such FDs that offer 8-9% returns, instead of a normal debt mutual fund for short- to medium-term investment? Naveen Kukreja, Co-Founder and CEO, Paisabazaar.com: Fixed deposits with small finance banks offer higher capital protection and income certainty than debt mutual funds. The RBI has granted the status of scheduled banks to all existing small finance banks.

ICICI Lombard General Insurance Company Ltd. traded 0.74 per cent down at Rs 1317.0 on Tuesday at around 12:48PM (IST), while the benchmark BSE Sensex advanced 68.64 points to 65065.24. As many as 2,480 shares changed hands on the counter with a total value of Rs 3288.0 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 1198.26, while 50-DMA was at Rs 1345.56.

₹218.50 apiece on the BSE. According to an Economic Times report, around 0.8% equity of Jio Financial Services changed hands in the block deal. Jio Financial Services shares were also among the top gains on the Nifty index.

GAIL (India) Ltd. traded 0.17 per cent lower in Tuesday's session at 01:09PM (IST).

Page Industries Ltd. rose 0.47 per cent to Rs 39745.4 in Tuesday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 19326.55, up 20.5 points. The scrip had closed at Rs 39557.3 in the previous session.

In August 2021, one sector which had “ buy and strong buy” written all over it was IT or more commonly called software sector. In August 2023, a number of them have “hold” recommendations by analysts.