NIFTY Financial News

Benchmark NSE Nifty index rose 52.1 points to 19362.25 amid buying in frontline bluechip stocks. However, stocks such as Parenteral Drug, Melstar Info, Penta Gold, CMI Ltd and Ankit Metal Pwr, touched their fresh 52-week low.

Adani Power shares gained 5% to the day's high of Rs 321.90 on the NSE in Monday's trade, maintaining a two-session winning streak, following an 8.1% stake sale to the US-based investment firm GQG, along with other investors in a $1.1 billion deal last week. The other nine stocks from the Adani Group stable were also up in the morning session, riding on the positive sentiments. In the Nifty pack, Adani Ports & Special Economic Zone was the top gainer, up 2.4% while Adani Enterprises was higher by 2%.

SRF Ltd. traded 1.24 per cent up in Monday's trade at 10:51AM (IST). Around 3,428 shares changed hands on the counter.

It was yet another day of strong consolidation for the markets. The NIFTY consolidated heavily while exhibiting a corrective intent in the process.

The BSE Sensex was trading 160 points or 0.25% higher at 65,109. Nifty50 was trading at 19,355, up 45 points or 0.23% at around 9.32 am.

India VIX was down by 0.80% from 12.24 to 12.14 levels in the previous trading session. Volatility rose to 12.5 during the day and has been holding above 12 from the last few sessions.

Delta Corp, Gujarat, Narmada Valley Fertilizers & Chemicals, Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

NEW DELHI: After headline index Nifty ended in the red for the fourth consecutive week, conditions appear unfavorable for most long trades, opines Rupak De, Senior Technical analyst at LKP Securities. “The price action demonstrates an inability to sustain higher levels, curtailing the scope for significant upward movements. This pattern indicates a market environment where caution and strategic planning are crucial, considering the challenges posed to sustaining profitable long positions,” he says.

lending rate by 10 basis points, lower than expected 15 bps reduction. The five-year lending rate was left unchanged.

Day trading guide for today: On account of weak global cues on China's Evergrande Group's bankruptcy crisis, Indian stock market ended lower for second straight session on Friday last week. NSE Nifty lost 55 points and ended at 19,310 levels, BSE Sensex shed 202 points and closed at 64,948 mark whereas Bank Nifty index corrected 40 points and finished at 43,851 levels. Infosys contributed the most to the Nifty 50 index decline, while Hero MotoCorp had the largest percentage drop falling by 2.1 per cent.

Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 19,313 level as compared to the Nifty futures’ previous close of 19,316. The Nifty index remained range bound on Friday and closed lower by 55 points at 19,310.

Buy or sell stocks for today: Following weak global market sentiments, Indian stock market ended lower on second day in a row on Friday. NSE Nifty lost 55 points and ended at 19,310 levels, BSE Sensex shed 202 points and closed at 64,948 mark whereas Bank Nifty index corrected 40 points and finished at 43,851 levels.

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Indian stock market is expected to open on a flat note Monday following mixed global cues. The domestic benchmark equity indices ended lower for the fourth consecutive week, the longest stretch of weekly declines in over a year. A sharp spike in domestic retail inflation, weak industrial production for June, worries over likely another interest rate hike by the US Federal Reserve, depreciation in rupee against US dollar, FII outflow, rising US bond yields and slowing China’s economy weighed on investors sentiment.

Reliance would be in focus as Jio financial services is set to be listed today. «We expect domestic as well as global markets to remain under pressure. The action is likely to continue in the broader market along with sectorial rotation,» 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 19100 to 19500 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETS

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 28 MARCH 2005CATEGORY EQUITYTYPE MULTI CAPAUM* Rs.18,974 croreBENCHMARK NIFTY 500 MULTICAP 50:25:25 TOTAL RETURN INDEX WHAT IT COSTS NAV** GROWTH OPTION Rs.201.40IDCW** Rs.50.59MINIMUM INVESTMENT Rs.100MINIMUM SIP AMOUNT Rs.1,000EXPENSE RATIO# (%) 1.72EXIT LOAD For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.#AS ON 30 JUNE 2023 *AS ON 31 JULY 2023 **AS ON 14 AUGUST 2023FUND MANAGER ASHUTOSH BHARGAVA/ SAILESH RAJ BHAN (in pic) 1 YEAR, 10 MONTHS /18 YEARS, 4 MONTHSRecent portfolio changes New entrantsFSN E-Commerce Ventures, NTPC, Shriram Finance, Timken India (June).

large-cap equity diversified funds in India. For a long time, this was the go-to category of funds to serve as the core holding of any mutual fund portfolio. Many of the funds had long track records and the companies they invested in were also well understood.

After a sharp rally between April and July this year, the markets turned volatile in August. The Nifty 50 and BSE Sensex have lost nearly 3% from their July 2023 lifetime high values.

Steel Authority of India (SAIL), Granules India 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 Monday. 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.

NEW DELHI : There has not been any meaningful change in Kotak Institutional Equities’ earnings growth outlook for FY24-25 following the June quarter results. Its chief executive officer and co-head Pratik Gupta said the market will continue to consolidate around the current levels for the next few months and there is no major catalyst for a sharp rally or a sustained correction. He believes India’s valuations are not cheap, and index earnings yield is also relatively unattractive versus bond yields.

Bandhan Mutual Fund has launched Bandhan Nifty IT Index Fund, which is an open-ended equity scheme tracking Nifty IT Index. In a statement, the AMC said the scheme will aim to capture the growth potential of the Indian Information Technology (IT) sector. The