NIFTY Financial News

market, which closed lower for the second consecutive day on Thursday. Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625.

Foreign institutional investors (FIIs) continued to pull out money from the Indian market on Thursday leading to benchmark indices falling for the second consecutive day. Higher interest rate in the US coupled with geopolitical tensions in the Middle East have kept their spirits muted for quite some time.

₹11,195.58 crore and bought stocks for ₹10,102.11crore, resulting in an outflow of ₹1,093.47 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹7,249.75 crore and offloaded shares worth ₹6,513.60 crore, resulting in an inflow of ₹736.15 crore, the exchange data showed. The BSE Sensex lost 0.38% to end at 65,629.24.

Benchmark NSE Nifty closed 46.4 points down at 19624.7 amid selling in frontline bluechip counters. However, stocks such as Gensol Engg, Delta Corp, Winsome Yarns, Tarsons Products and V Mart Retail, touched their fresh 52-week lows.

Domestic benchmark index NSE Nifty ended 46.4 points down at 19624.7, while the BSE Sensex closed 247.78 points down at 65629.24. On the other hand, Aban Offshore, Shakti Pumps, GKW Ltd, DB(Intl)Stock and BPL Ltd stocks hit their fresh 52-week highs today.

Nifty 50 today: Domestic market benchmarks the Sensex and the Nifty 50 closed in the negative territory for the second consecutive session on Thursday, October 19 amid weak global cues. Top Asian peers, including Japan's Nikkei, China's Shanghai Composite Index and Hong Kong's Hang Seng fell about two per cent each while in Europe, the UK's FTSE, Germany's DAX and France's CAC fell up to a per cent during the trade as investors remained worried over the prospects of an escalation of the Israel-Hamas war into a bigger regional crisis.

Nifty 50 constituents, however, rescued the benchmarks from day's lows. The NSE Nifty 50 index settled 0.24% lower at 19,624, and the S&P BSE Sensex fell 0.38% to 65,629. From the Sensex pack, Wipro, Sun Pharma, Tech Mahindra, and NTPC closed in the red, while Nestle, UltraTech Cement, IndusInd Bank, and L&T closed in the green. Sector-wise, Nifty Metal declined 0.88%, and Nifty Financial Services fell 0.4%. Whereas auto, FMCG, media, and consumer durables closed higher.

Shares of IndusInd Bank Ltd.(up 2.11 per cent), Bank of Baroda(up 0.73 per cent), Federal Bank Ltd.(up 0.2 per cent) and Au Small Finance Bank Ltd.(up 0.09 per cent) ended the day as top gainers in the pack. On the other hand, Bandhan Bank Ltd.(down 3.75 per cent), Kotak Mahindra Bank Ltd.(down 0.85 per cent), ICICI Bank Ltd.(down 0.84 per cent), HDFC Bank Ltd.(down 0.31 per cent) and Punjab National Bank(down 0.26 per cent) finished as the top losers of the day.

Aditya Gaggar, Director of Progressive Shares believes that the earliest signs of recovery in the IT sector would only be visible from Q4FY24 or Q1FY25 onwards. In an interview with Mint, he said one can look at banking, infrastructure, auto, pharma, and chemicals sectors to invest. However, he emphasised that it is more of a stock-specific rather than a sector-driven market.

technical indicators can be a game-changer for investors. One such powerful indicator is the «Golden Crossover.» In this article, we'll delve into what the Golden Crossover is and why it's a crucial tool for assessing stock movement. The Golden Crossover is a widely recognized bullish technical pattern, particularly favored by traders and analysts for its ability to signal potential buying opportunities.

The benchmark Nifty index rose 2% in September but... moreThe benchmark Nifty index rose 2% in September but has been very volatile in October so far on back of rising US yields and the escalating Middle East conflict.

Sunteck Realty. The stock hit its 52-week high of ₹485.95 earlier this week on October 16. Currently trading at ₹474.50, it has already advanced 75 percent from its 52-week low of ₹271.25, hit on June 23, 2023.

SRF Ltd. gained 0.41 per cent to Rs 2253.9 in Thursday's trade. It hit a high of Rs 2260.4 and low of Rs 2218.35 during the session.

Trent Ltd. gained 0.54 per cent to Rs 2057.15 in Thursday's trade as of 12:48PM (IST). The stock hit a high price of Rs 2060.0 and low of Rs 2021.25 during the session.

Info Edge (India) Ltd. traded 0.22 per cent up at Rs 4212.0 on Thursday at around 12:07PM (IST), while the benchmark BSE Sensex declined 117.37 points to 65759.65. As many as 2,598 shares changed hands on the counter with a total value of Rs 1.08 crore.

GAIL (India) Ltd. fell 0.8 per cent to Rs 129.95 in Thursday's trade as of 11:52AM (IST) even as the benchmark Nifty ruled at 19645.3, down 25.8 points. The scrip had closed at Rs 131.0 in the previous session.

«So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates,» says Nilesh Shah, MD & CEO, Envision Capital. It is not alarming, but it is getting sticky. Markets are hitting a pause button. Do you think we have done for the year in terms of a level, in terms of where market would settle at? I would tend to think so that we have had a sharp kind of an up move over the last six to nine months and so, this calendar year. This financial year so far has been fantastic in terms of price moves, in terms of re-ratings and then that is got backed by strong earnings growth as well. So, on the whole, it has been a good time so far. In this year, probably for the first time, we are seeing some bit of chinks in the armour in terms of how the geopolitical equation now kind of changes or impacts macroeconomic stability, how crude oil behaves, impact on inflation, interest rates.

Escorts Kubota Ltd, part of the tractor segment, has rallied more than 40% in the last 3 months to hit a fresh record high in October and the chart pattern suggests that the rally may not be over yet. Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 in the next 3 months, suggest experts. The stock rose from Rs 2376 as of July 14, 2023, to Rs 3365 recorded on 16 October 2023 which translates into an upside of over 40% in 3 months. The stock hit a record high of Rs 3435 on 11 October 2023. It witnessed marginal selling pressure, which was in line with muted market sentiment, but the upside remains intact, suggest experts. The stock gave a breakout from a month-long consolidation last week which has opened room for the stock to head towards fresh record highs on the daily charts. “Despite closing at an all-time high, Escorts has provided a positive upward breakout with high volume.

Domestic benchmark index NSE Nifty fell 104.65 points to 19566.45, while the BSE Sensex traded 362.95 points down at 65514.07. On the other hand, Shakti Pumps, GKW Ltd, DB(Intl)Stock, PNB Gilts and Jindal Poly Investm stocks hit their fresh 52-week highs today.

Colgate-Palmolive (India) Ltd. traded 0.44 per cent up at Rs 2064.9 on Thursday at around 10:50AM (IST), while the benchmark BSE Sensex declined 348.4 points to 65528.62. As many as 1,967 shares changed hands on the counter with a total value of Rs 0.41 crore.

Zydus Lifesciences Ltd.(up 0.82 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 0.36 per cent), Lupin Ltd.(up 0.22 per cent) and Laurus Labs Ltd.(up 0.01 per cent) were among the top gainers. Ipca Laboratories Ltd.(down 1.76 per cent), Biocon Ltd.(down 1.71 per cent), Cipla Ltd.(down 1.61 per cent), Granules India Ltd.(down 1.17 per cent) and Dr.