NIFTY Financial News

EPFO) has started discussions with the finance ministry to invest all of its redemption proceeds from exchange-traded funds (ETFs) back into the stock market. It has proposed measures that would maximise equity returns while shielding gains from market volatility, said people with knowledge of the matter. The central board of trustees, the EPFO's apex decision-making body, had at its meeting in the last week of March allowed the EPFO to reinvest its redemption proceeds from its investments in ETFs. Such a measure, which would further step up the flow of retirement funds into equities, has to be approved by the finance ministry.

Metropolis Healthcare Ltd, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank and Manappuram Financeare the 11 stocks that are a part of the F&O ban list by the stock exchange for Friday. The NSE updates the list of securities in F&O ban for trade everyday.

I am 41 years old and work at a PSU bank, earning a gross monthly pay of ₹1.8 lakh. I reside in a company-leased accommodation and receive around ₹30,000 per month in perks. Medical expenses for my family are fully reimbursed. Our monthly expenses total approximately ₹25,000. My financial assets include: bank fixed deposit (FD) of ₹30 lakh, savings account balance of ₹2.5 lakh, balance in US checking account of $65,000, investment in shares and sovereign gold bond worth ₹10 lakh, investment in mutual funds worth ₹21.57 lakh, systematic investment plans (SIPs) of ₹5,000 in SBI Consumption Opportunity, ₹10,000 in SBI Small Cap, ₹2,000 in SBI Magnum Global Fund, ₹1,000 in focused equity), and have ₹16 lakh in public provident fund (PPF). I own one apartment (possession pending) valued at ₹50 lakh, and another (yielding monthly rental of ₹15,000) valued at ₹65 lakh. I have a home loan of ₹18 lakh and a ₹10 lakh car loan. I have insurance coverage of ₹1 crore with a term plan. How can I invest for a robust financial plan?

Here's what analysts predict for the market: “The US market displayed a positive trend as a declining US PMI reignited hopes for a prolonged rate pause, calming US bond yields. While optimism in the domestic market was apparent in the IT sector, sentiments in other major sectors likely waned due to global uncertainties.

₹5,797 crore during the session. As per the NSE data, FIIs cumulatively bought ₹12,992.74 crore of Indian equities, while they sold ₹11,467.87 crore --- resulting in an inflow of ₹1,524.87 crore.

Nifty on Thursday ended 57 points lower to form a significant bearish engulfing candle pattern on the daily chart, indicating potential weaknesses ahead. Thursday’s move signals chances of Nifty sliding down to or breaking below the immediate support of 19300-19250 levels in the near term.

Shares of Indiabulls Real Estate(up 10.45 per cent), Godrej Properties(up 1.09 per cent), SOBHA(up 0.7 per cent), DLF(up 0.59 per cent) and Mahindra Lifespace Developers(up 0.34 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises(down 2.05 per cent), Macrotech Developers(down 1.76 per cent), Phoenix Mills(down 0.2 per cent) and Prestige Estates Projects(down 0.02 per cent) finished as the top losers of the day. The Nifty Realty index closed 0.2 per cent up at 540.0. Benchmark NSE Nifty50 index ended down 57.3 points at 19386.7, while the BSE Sensex stood down 180.96 points at 65252.34. Among the 50 stocks in the Nifty index, 17 ended in the green, while 33 closed in the red. Shares of Suzlon Energy, GMR Infra, Indian Railway Fin, South Indian Bnk and JP Power were among the most traded shares on the NSE. Shares of Global Pet Industrie, Kopran Ltd, Greenchef Appliances, S Chand & Co and Bajaj Hindusthan Su hit their fresh 52-week highs in today's trade, while Shreeoswal Seeds, Jio Financial Servic, Penta Gold, Sadhana Nitro and Hotel Rugby hit their fresh 52-week lows.

Reliance Industries and HDFC Bank, ahead of the release of Reserve Bank of India (RBI) minutes of the Monetary Policy Committee (MPC) meeting today as well as annual central bank summit in Jackson Hole, Wyoming, on Friday. Officials of the Federal Reserve, the European Central Bank, the Bank of England, and the Bank of Japan are meeting in Jackson Hole, Wyoming, for their yearly conference on central banking. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the positive territory.

Nifty Midcap stocks to new 52-week highs on August 24 reflects strong market optimism and growth potential across various sectors. This surge in stocks, including Shriram Finance, Mphasis, and Bharat Forge signifies the resilience and potential for growth within these companies. The data was sourced from StockEdge at 2.20 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. APL Apollo TubesAPL Apollo Tubes achieved a noteworthy feat by hitting a new 52-week high of Rs 1663.9 on August 24.

«So, broadly, the last three to six months, the entire rally in last one year is actually led by earnings growth. It is not just price growth,» says Ishmohit Arora, School of Intrinsic Compounding.Before we talk about market, give me a pulse of how is the sentiment on street among investors, young investors, HNI investors? Is it getting frothier in terms of behavioural finance? Are there so much excitement on street or is there caution even among them?The interesting thing is everyone is a bit sceptical about the returns that they have seen in the last three to six months and when you speak to a lot of other investors, then everyone is a bit sceptical. Even we are also a bit sceptical but the interesting thing is, whenever we think that we are a bit sceptical, we always end up finding some new interesting opportunities. So, broadly, the last three to six months, the entire rally in last one year is actually led by earnings growth.

Nifty largecap stocks to new all-time highs on August 24 reflects the market's optimism and the growth potential of various sectors. This surge in stocks, including Bharat Electronics, Axis Bank, Dr Reddy's Laboratories, Hindustan Aeronautics, and Larsen & Toubro underscores the market's resilience and potential for growth. The data was sourced from StockEdge at 2 p.m., and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. Bharat ElectronicsBharat Electronics marked a historic moment by achieving a new all-time high of Rs 135.5 on August 24.

₹213.45 apiece on the BSE with a market capitalization of ₹1.35 lakh crore. On BSE, Jio Financial Services shares were locked at ₹215.90 apiece.

Best-performing ELSS Mutual Funds in 3 years (till August 22, 2023): Direct and regular plans of most of the tax-saving ELSS funds have given double-digit annualised returns in 3 years. However, not all of them have been able to beat their respective benchmark indices.

Stock market today: Ahead of RBI policy meeting minutes release and US Fed Chairman Jerome Powell's speech at much awaited Jackson Home meeting, which is beginning today, banking and financial stocks are in uptrend for the last two sessions. Bank Nifty index has rallied to the tune of over 950 points in last two day. Barring ?HDFC Bank shares, all Bank Nifty stocks are in green zone.

The NSE Nifty index traded 28.0 points up at 19472.0, while BSE Sensex was up 92.32 points at 65525.62 as of 11:25AM(IST)on August 24. In the Nifty index, IndusInd Bank Ltd.(up 1.80 per cent), Bharat Petroleum Corporation Ltd.(up 1.73 per cent), Adani Enterprises Ltd.(up 1.62 per cent), Asian Paints Ltd.(up 1.29 per cent) and Bajaj Auto Ltd.(up 0.99 per cent) were among the top gainers. On the other hand, Hindalco Industries Ltd.(down 0.94 per cent), Mahindra & Mahindra Ltd.(down 0.56 per cent), Divi's Laboratories Ltd.(down 0.52 per cent), Tata Consultancy Services Ltd.(down 0.51 per cent) and Hero MotoCorp Ltd.(down 0.47 per cent) were among the top losers.

Bajaj Holdings & Investment Ltd. rose 1.43 per cent to Rs 7165.0 in Thursday's trade.

Vedanta Ltd. traded 0.52 per cent up in Thursday's trade at 11:06AM (IST).

Ipca Laboratories(up 2.69 per cent), Gland Pharma(up 1.44 per cent), Natco Pharma(up 1.11 per cent), Torrent Pharmaceuticals(up 1.11 per cent) and Biocon(up 1.04 per cent) were among the top gainers. Pfizer(down 0.54 per cent), Divis Laboratories(down 0.34 per cent), Alkem Laboratories(down 0.27 per cent), Glaxosmithkline Pharmaceuticals(down 0.18 per cent) and Dr Reddys Laboratories(down 0.1 per cent) were the top losers on the index. The Nifty Pharma index was up 0.28 per cent at 15324.7 at the time of writing this report. Benchmark NSE Nifty50 index was up 39.85 points at 19483.85, while the BSE Sensex was up 142.19 points at 65575.49. Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red. Shares of Suzlon Energy, GMR Infra, Indian Railway Fin, Manappuram Finance and South Indian Bnk were among the most traded shares on the NSE. Shares of Kopran Ltd, Bajaj Hindusthan Su, VELS Film Internatio, Titagarh Wagons and GMR Infra hit their fresh 52-week highs in today's trade, while Jio Financial Servic, Penta Gold, Sadhana Nitro, TVS Supply Chain Sol and Shrenik hit fresh 52-week lows in trade.

Cholamandalam Investment & Finance Company Ltd. traded 1.31 per cent up at Rs 1101.3 on Thursday at around 10:56AM (IST), while the benchmark BSE Sensex advanced 253.22 points to 65686.52. As many as 23,784 shares changed hands on the counter with a total value of Rs 261.0 crore. The stock quoted a 52-week high price of Rs 1214.6 and a 52-week low of Rs 658.0. On the technical charts, the 200-DMA of the stock stood at Rs 883.0, while 50-DMA was at Rs 1112.71.

The NSE Nifty index was trading 77.1 points up at 19521.1, while BSE Sensex was up 259.71 points at 65693.01 at the time of writing this report. In the Nifty index, Adani Enterprises Ltd.(up 2.22 per cent), IndusInd Bank Ltd.(up 2.01 per cent), Bharat Petroleum Corporation Ltd.(up 1.84 per cent), Adani Ports & Special Economic Zone Ltd.(up 1.39 per cent) and Axis Bank Ltd.(up 1.29 per cent) were among the top gainers. While Hindalco Industries Ltd.(down 0.81 per cent), NTPC Ltd.(down 0.20 per cent), ITC Ltd.(down 0.17 per cent), Mahindra & Mahindra Ltd.(down 0.16 per cent) and Divi's Laboratories Ltd.(down 0.16 per cent) were among the top losers in the index.

Aries Agro(up 6.43%), Khaitan Chemicals & Fertilizers(up 3.06%), Rashtriya Chemicals & Fertilizers(up 2.17%), G S F C(up 1.71%), Southern Petrochemicals Industries(up 1.68%), Mangalore Chemicals & Fertilizers(up 1.52%), Gujarat Narmada Valley Fertilizers (up 1.24%), National Fertilizer(up 1.24%), Coromandel International(up 1.23%) and Chambal Fertilisers & Chemicals(up 0.89%) were among the top gainers. Nagarjuna Fertilizers & Chem(down 3.61%), Paradeep Phosphates(down 0.43%), Agro Phos(down 0.42%) and Fertilizers & Chemicals Tranvancore(down 0.40%) were among the top losers. The NSE Nifty50 index was trading 105.3 points up at 19549.3, while the 30-share BSE Sensex was up 384.92 points at 65818.22 at around 10:14AM. Adani Enterprises(up 2.22%), IndusInd Bank(up 1.88%), UltraTech Cement(up 1.81%), Adani Ports & Special Economic Zone(up 1.55%), Bajaj Auto(up 1.35%), Larsen & Toubro(up 1.3%), ICICI Bank(up 1.22%), Bharat Petroleum Corporation(up 1.17%), Bajaj Finserv(up 1.13%) and TATA CONSUMER PRODUCTS(up 0.97%) were among the top gainers in the Nifty pack. On the other hand, Hindalco Industries(down 0.27%) and Divis Laboratories(down 0.04%) were trading in the red.