NIFTY Financial News

Shares of Glaxosmithkline Pharmaceuticals(up 0.63 per cent), Abbott India(up 0.24 per cent) and Ipca Laboratories(up 0.06 per cent) ended the day as top gainers in the pack. On the other hand, Dr Reddys Laboratories(down 2.17 per cent), Biocon(down 1.96 per cent), Zydus Lifesciences(down 1.8 per cent), Gland Pharma(down 1.62 per cent) and Glenmark Pharmaceuticals(down 1.29 per cent) finished as the top losers of the day. The Nifty Pharma index closed 1.11 per cent down at 15025.2. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Nifty to decline for the second consecutive session while investors directed their attention towards the Jackson Hole symposium in search of indications about the future direction of interest rates. Media reports suggested the dollar held firm near an 11-week peak while the US Treasury yields stabilised below 14-year highs ahead of the US Federal Reserve Chair Jerome Powell's speech at Jackson Hole.

Shriram Finance Ltd. traded 0.29 per cent lower in Friday's session at 12:48PM (IST).

We take a look at what analysts are saying on the stocks of the Nifty financial service index.This becomes important because it is a sector which tends to lead the market in both directions. Whether it is upward or southward movement.

Lexus Granito(up 1.99%), Madhav Marbles and Granites(up 1.58%) and Oriental Trimex(up 1.33%) were among the top gainers. Orissa Minerals Development Company(down 2.50%), MOIL(down 2.18%), Ashapura Minechem(down 1.92%), Pokarna(down 1.64%), KIOCL(down 1.29%), Gujarat Mineral Dvpt Corporation(down 1.17%), NMDC Ltd(down 1.03%), Aro Granite Industries(down 0.83%) and Coal India(down 0.50%) were among the top losers. The NSE Nifty50 index was trading 138.6 points down at 19248.1, while the 30-share BSE Sensex was down 449.29 points at 64803.05 at around 11:00AM. Bajaj Finserv(up 1.32%), Oil & Natural Gas Corporation(up 0.61%), Bajaj Finance(up 0.46%), Bharat Petroleum Corporation(up 0.21%), Maruti Suzuki(up 0.14%) and Asian Paints(up 0.08%) were among the top gainers in the Nifty pack. On the other hand, IndusInd Bank(down 2.33%), Larsen & Toubro(down 1.72%), State Bank of India(down 1.59%), Tech Mahindra(down 1.55%), Adani Enterprises(down 1.5%), Apollo Hospitals Enterprises(down 1.29%), UltraTech Cement(down 1.14%), HDFC Bank(down 1.13%), Hindalco Industries(down 1.1%) and Dr Reddys Laboratories(down 1.05%) were trading in the red.

Mahindra Lifespace Developers(up 0.92 per cent) and SOBHA(up 0.19 per cent) were among the top gainers. Macrotech Developers(down 3.39 per cent), Oberoi Realty(down 2.06 per cent), DLF(down 1.74 per cent), Godrej Properties(down 1.52 per cent) and Indiabulls Real Estate(down 0.94 per cent) were the top losers on the index. The Nifty Realty index was down 1.54 per cent at 531.7 at the time of writing this report. Benchmark NSE Nifty50 index was down 128.85 points at 19257.85, while the BSE Sensex was down 436.88 points at 64815.46. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. Shares of Jio Financial Servic, Vodafone Idea, Reliance Power, Suzlon Energy and GMR Infra were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Virescent Renewable, KFIN Technologies, Gabriel India and Kaynes Technology In hit their fresh 52-week highs in today's trade, while Sadhana Nitro, Penta Gold, Zeal Global Services, Suumaya Lifestyle and Shrenik hit fresh 52-week lows in trade.

Sensex declined 480.05 points to 64772.29. As many as 149,768 shares changed hands on the counter with a total value of Rs 992.0 crore. The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15. On the technical charts, the 200-DMA of the stock stood at Rs 642.14, while 50-DMA was at Rs 638.36. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up.

Tata Power Company Ltd. traded 1.1 per cent down in Friday's trade at 10:56AM (IST).

Triveni Engineering & Industries(up 0.28%) and DCM Shriram Industries(up 0.08%) were among the top gainers. BAJAJHIND(down 5.60%), KCP Sugar & Industries(down 2.65%), Simbhaoli Sugars(down 2.62%), Rana Sugars(down 2.54%), K.M.Sugar Mills(down 2.49%), Shree Renuka Sugars(down 2.46%), Vishwaraj Sugar Industries(down 1.93%), Dhampur Sugar Mills(down 1.89%), AVADHSUGAR(down 1.72%) and Mawana Sugars(down 1.71%) were among the top losers. The NSE Nifty50 index was trading 128.6 points down at 19258.1, while the 30-share BSE Sensex was down 440.0 points at 64812.34 at around 10:50AM. Bajaj Finserv(up 1.1%), Oil & Natural Gas Corporation(up 0.64%), Bharat Petroleum Corporation(up 0.24%), Maruti Suzuki(up 0.19%), Asian Paints(up 0.11%) and Bajaj Finance(up 0.09%) were among the top gainers in the Nifty pack. On the other hand, IndusInd Bank(down 2.41%), Larsen & Toubro(down 1.83%), Tech Mahindra(down 1.38%), State Bank of India(down 1.33%), Adani Enterprises(down 1.26%), Apollo Hospitals Enterprises(down 1.18%), UltraTech Cement(down 1.18%), Divis Laboratories(down 1.12%), Tata Consultancy(down 1.0%) and HDFC Bank(down 0.94%) were trading in the red.

Nagarjuna Fertilizers & Chem(up 5.00%), ZUARIAGRO(up 1.20%), Khaitan Chemicals & Fertilizers(up 0.16%) and Mangalore Chemicals & Fertilizers(up 0.09%) were among the top gainers. Rashtriya Chemicals & Fertilizers(down 2.79%), Fertilizers & Chemicals Tranvancore(down 2.42%), Southern Petrochemicals Industries(down 2.28%), Deepak Fertilizers & Petrochemicals(down 2.10%), Madras Fertlizers(down 1.96%), Rama Phosphates(down 1.72%), Coromandel International(down 1.58%), Sikko Industries(down 1.49%), Chambal Fertilisers & Chemicals(down 1.19%) and National Fertilizer(down 1.16%) were among the top losers. The NSE Nifty50 index was trading 132.65 points down at 19254.05, while the 30-share BSE Sensex was down 432.0 points at 64820.34 at around 10:39AM. Bajaj Finserv(up 1.03%), Oil & Natural Gas Corporation(up 0.69%), Bajaj Finance(up 0.64%), Bharat Petroleum Corporation(up 0.27%), Maruti Suzuki(up 0.17%) and Asian Paints(up 0.15%) were among the top gainers in the Nifty pack. On the other hand, IndusInd Bank(down 2.46%), Larsen & Toubro(down 1.69%), Tech Mahindra(down 1.46%), State Bank of India(down 1.32%), Apollo Hospitals Enterprises(down 1.29%), Adani Enterprises(down 1.27%), Divis Laboratories(down 1.26%), Dr Reddys Laboratories(down 1.2%), UltraTech Cement(down 1.16%) and Hindalco Industries(down 1.06%) were trading in the red.

Domestic benchmark index NSE Nifty fell 130.1 points to 19256.6, while the BSE Sensex traded 432.14 points down at 64820.2. On the other hand, KFIN Technologies, Virescent Renewable, Kaynes Technology In, Gabriel India and Global Pet Industrie stocks hit their fresh 52-week highs today. In the Nifty 50 index, Bajaj Finserv, ONGC, Bajaj Finance, BPCL and Maruti Suzuki were among the top gainers on the NSE. IndusInd Bank, L&T, SBI, Adani Ent.

Ashok Leyland Ltd. rose 0.26 per cent to Rs 185.35 in Friday's trade.

Fed Chair Jerome Powell's speech at a global central bank gathering. Selling was seen across all sectors. The BSE Sensex was trading 445 points or 0.68% lower at 64,807.

On a disappointing day of trade, the Indian equity markets ended on a negative note after coming off significantly from the high point of the day. The Nifty saw a positive start to the day.

equities in the last 5 months somewhat fizzled out after inflation concerns resurfaced this month with the Reserve Bank of India’s hawkish view and firming up of oil prices. However, this time around neither is inflation going to be a major cause of concern nor will it lead to sharp rate increases, according to Gautam Sinha Roy, executive vice president and fund manager — equity at ICICI Prudential Life Insurance Co. “While the hike in this rate cycle has been steep, we believe we are somewhere close to the peak of the cycle…So, from the markets point of view, fear of further sharp rate hikes leading to dampening of risk appetite is unlikely,” Roy said in an interview with ETMarkets. Edited excerpts:Inflation and rate hike concerns are making a comeback both on the domestic andglobal fronts. Is this likely to dampen the Indian market momentum in the near term? We believe inflation is not going to be a major cause of concern in the medium term.

Indian stock market is expected to open lower on Friday tracking losses in global peers amid a rise in US Treasury yields as traders await Federal Chairman Reserve Jerome Powell’s speech for clues on the interest rate outlook. Asian markets traded lower, while US stocks ended in the red on Thursday as investors sentiment turned cautious. On Thursday, the Indian benchmark equity indices, Sensex and Nifty, closed lower on profit booking in shares of select heavyweights.

Day trading guide for today: Despite positive opening, Indian stock market snapped three days rally and ended lower on Thursday. NSE Nifty lost 57 points and closed at 19,386 levels while BSE Sensex shed 180 points and ended at 65,252 mark. However, Bank Nifty index finished 17 points higher at 44,496 levels.

₹5,797 crore during the session.India is likely to skip selling sovereign green bonds this fiscal year as investors demand higher yields despite their eco-friendly label, said a senior government official.The earlier plans to issue ₹15,000-16,000 crore in green bonds during the second half of FY24 have been put on hold.“Green bonds haven’t provided any benefits yet. What is the point of issuing green bonds with so many conditions if it costs the same as other bonds," the person said.

Also Read: 5 things that changed for market overnight: Gift Nifty, Jerome Powell’s speech to global market cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: The Nifty remained under the bear's grip as selling pressure emerged around the day's high, which resulted in a decline below 19,500. “On the upper side, resistance is expected to persist in the range of 19,450-19,500. A definitive breakout or a closing above 19,500 could potentially trigger a rally in the index.

«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action in the broader market,» 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 positive startGIFT Nifty on the NSE IX traded 18.5 points, or 0.10 per cent, higher at 19,311.50, signaling that Dalal Street was headed for positive start on Friday.

«Nifty in the meantime is expected to remain in a narrow range with some stock-specific action in the broader market,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions:STATE OF THE MARKETS