NIFTY Financial News

Tube Investments of India Ltd. gained 0.62 per cent to Rs 2835.0 in Tuesday's trade.

Tata Power Company Ltd. traded 0.22 per cent higher in Tuesday's session at 11:58AM (IST).

Voltamp Transformers(up 4.71%), Reliance Power(up 4.59%), RTNPOWER(up 4.21%), Torrent Power(up 4.14%), Inox Wind Energy(up 3.21%), Adani Power(up 2.85%), Inox wind(up 2.75%), Hitachi Energy India(up 2.57%), Suzlon Energy(up 2.51%) and Alstom T&D India(up 1.96%) were among the top gainers. NHPC(down 1.00%), ADANIGREEN(down 0.84%), Kalpataru Projects International(down 0.69%), Orient Green Power Company(down 0.67%), Indo Tech Transformers(down 0.45%), Energy Development Company(down 0.31%), Karma Energy(down 0.12%), PTC India(down 0.08%) and JSW Energy(down 0.08%) were among the top losers. The NSE Nifty50 index was trading 23.05 points up at 19416.65, while the 30-share BSE Sensex was up 61.44 points at 65277.53 at around 10:50AM. HDFC LIFE INSURANCE(up 4.02%), SBI Life(up 2.46%), Adani Enterprises(up 1.46%), Bajaj Finance(up 1.34%), NTPC(up 1.23%), ITC(up 0.93%), Bajaj Finserv(up 0.85%), Power Grid Corporation of India(up 0.67%), Larsen & Toubro(up 0.48%) and Oil & Natural Gas Corporation(up 0.48%) were among the top gainers in the Nifty pack. On the other hand, Cipla(down 0.88%), Titan Company Ltd(down 0.79%), Eicher Motors(down 0.7%), LTIMindtree Ltd(down 0.66%), Tata Consultancy(down 0.57%), Tech Mahindra(down 0.55%), Infosys(down 0.48%), Sun Pharmaceutical Industries(down 0.45%), Divis Laboratories(down 0.36%) and Nestle India(down 0.34%) were trading in the red.

Godrej Consumer Products Ltd. traded 0.99 per cent up in Tuesday's trade at 10:56AM (IST).

Adani Power have risen 15% in three sessions and are poised for another 10% upside from here riding on the current momentum but any fresh move in the stock should only be made on declines for a favourable risk-to-reward ratio, experts tell ETMarkets. Notwithstanding an 8.1% stake sale to the US-based investment firm GQG and other investors in a $1.1 billion deal last week, the stock has displayed significant momentum since hitting a 52-week low of Rs 132.40 on the NSE on February 28 as a fallout of the Hindenburg report. The stock has since then given multibagger returns of 145%. Despite market upheavals over the past one month where the 50-stock Nifty has delivered a negative return of 1.42%, this Adani stock has rallied more than 37%. Adani Power shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) and Monday's move has taken the stock into an overbought zone.

Benchmark NSE Nifty index rose 6.7 points to 19400.3 amid buying in frontline bluechip stocks. However, stocks such as Jio Financial Servic, ABM International L, VELS Film Internatio, Lloyds Metals and Allcargo Terminals, touched their fresh 52-week low. Overall, 27 shares traded in the green in Nifty50 index, while 23 traded in the red. In the Nifty 50 index, HDFC Life, Adani Ent., SBI Life, NTPC and Bajaj Finance were among top gainers, while Titan Company, Cipla, Tech Mahindra, TCS and LTIMindtree traded in the red. The BSE Sensex was trading 7.82 points up at 65223.91 at 10:14AM(IST). Traders were seen piling up positions in Telecommunications, Trading, Miscellaneous, Infrastructure and Plastics sectors, while selling was visible in Banks, Irrigation & Allied Services, Building Materials, Gems and Jewellery and Metals — Ferrous sectors.

Sona BLW Precision Forgings(up 1.4 per cent), Bharat Forge(up 1.03 per cent), Ashok Leyland(up 0.64 per cent), Maruti Suzuki(up 0.49 per cent) and Tata Motors(up 0.47 per cent) were among the top gainers. Samvardhana Motherson International(down 0.42 per cent), TVS Motor Company(down 0.26 per cent), Hero MotoCorp(down 0.12 per cent), Eicher Motors(down 0.11 per cent) and Balkrishna Industries(down 0.08 per cent) were the top losers on the index. The Nifty Auto index was up 0.32 per cent at 15477.45 at the time of writing this report. Benchmark NSE Nifty50 index was up 11.15 points at 19404.75, while the BSE Sensex was up 24.47 points at 65240.56. Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Reliance Power and Suzlon Energy were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Yuken India, Dredging Corp and Vascon Engineer hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, VELS Film Internatio and Lloyds Metals hit fresh 52-week lows in trade.

Adani Power Ltd. traded 3.73 per cent up at Rs 337.2 on Tuesday at around 10:00AM (IST), while the benchmark BSE Sensex declined 0.71 points to 65215.38. As many as 1,840,866 shares changed hands on the counter with a total value of Rs 6243.0 crore. The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55. On the technical charts, the 200-DMA of the stock stood at Rs 251.79, while 50-DMA was at Rs 262.94.

Gland Pharma(up 0.89 per cent), Biocon(up 0.37 per cent), Natco Pharma(up 0.36 per cent), Pfizer(up 0.24 per cent) and Dr Reddys Laboratories(up 0.2 per cent) were among the top gainers. Aurobindo Pharma(down 1.37 per cent), Granules India(down 0.94 per cent), Cipla(down 0.63 per cent), Sanofi India(down 0.54 per cent) and Glenmark Pharmaceuticals(down 0.52 per cent) were the top losers on the index. The Nifty Pharma index was down 0.24 per cent at 15296.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 5.85 points at 19399.45, while the BSE Sensex was up 6.56 points at 65222.65. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Suzlon Energy and Reliance Power were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Dredging Corp, Yuken India and Mohini Health & Hygi hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, Lloyds Metals and VELS Film Internatio hit fresh 52-week lows in trade.

rupee ended at 83.11 a dollar. The US 10-year Treasury yields hit the highest since 2007 on bets that a resilient US economy will push the Federal Reserve to keep interest rates higher for longer. Investors will keep an eye on the Fed Chair Jerome Powell's comments at the Jackson Hole Economic Symposium from August 24 to 26.

Day trading guide for today: On account of rally in metal, power and IT stocks, Dalal Street ended higher on Monday. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels. However, broad market outperformed key benchmark indices.

Adani Enterprises, Adani Power, Paytm, Tata Power, Union Bank of India are among stocks that will be in focus in today's trade.Asian equities ticked higher on Tuesday following the overnight rally in big tech that spurred a rebound in Wall Street stocks, though elevated Treasury yields kept risk sentiment in check.Tokyo stocks opened higher, with the benchmark Nikkei 225 index adding 0.92% in early trade, while the broader Topix index rose 0.71%. Shares advanced in South Korea as well, and Hong Kong stocks opened slightly higher after seven successive losses.Financial stocks may be under pressure after S&P Global Ratings downgraded the ratings of five US lenders on “tough" environment amid higher interest rates.Overnight on the Wall Street, The S&P 500 rose 30.06 points to 4,399.77 for its first gain in five days.

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

Also Read: 6 things that changed for market overnight: Gift Nifty, Treasury yields, Arm IPO to global market cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19,250. “A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19,250 mark, there is a potential upward trajectory towards the 19,500 level.

«In the near term, we expect the market to trade in a broader range with buying seen at lower levels. Stock specific action is likely to dominate,» Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19200 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a muted startGIFT Nifty on the NSE IX traded 3 points, or 0.02 per cent, higher at 19,391.50, signaling that Dalal Street was headed for flat start on Tuesday.

Buy or sell stocks for today: On account of buying in metal, power and IT stocks, Indian stock market ended higher on Monday session. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels.

Jio Financial Services fell 5% on debut Monday amid expectations of a flood of sale orders from passive funds which can't hold the shares anymore. But the company is confident of making strides in lending business with the best of technology. The shares which listed earlier than anticipated fell to ₹251.75 on the BSE, giving it a market value of ₹1.6 lakh crore, after opening trade at ₹265 apiece.

Nifty and the Sensex will sell almost 150 million shares on its imminent exit from benchmark indices. However, analysts said the stock would likely turn attractive once the near-term pricing pressure abates, thanks to its ability to leverage the ₹1 trillion of net worth bestowed in the form of Reliance Industries Ltd (RIL) treasury stock that emanates from the 2002 merger of Reliance Petroleum Ltd with RIL.

Steel Authority of India (SAIL), Metropolis Healthcare Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the 11 stocks that are a part of the F&O ban list by the stock exchange for Tuesday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Jio Financial Services made its official debut on the exchanges, listing at a price slightly higher than its derived price. While the listing was a booster shot, the stock succumbed to selling, largely by passive index funds, who needed to adjust their portfolio ahead of the exit of Jio Financial from Nifty 50 and Sensex. The stock will be removed from the indices on Thursday, provided it does not hit the price band for two consecutive days.

Jio Financial Services (JFSL) will move out of the trade-for-trade segment and be part of the rolling segment, effective September 4, BSE and NSE said via separate circulars. Shares of the demerged entity of Reliance Industries (RIL) were officially listed on the exchanges on Monday at a slight premium to the derived price. On July 20, stock exchanges added Jio Financial to key indices, including the Sensex and Nifty 50, following the demerger of the financial services business Reliance Strategic Investments.