NIFTY Financial News

The BSE Sensex was trading 238 points or 0.37% lower at 64,912. Nifty50 was trading at 19,292, down 73 points or 0.38% at around 9.18 am. From the Sensex pack, HCL Tech, TCS, Wipro, Tech Mahindra, and Infosys opened with cuts, whereas only NTPC, L&T, Bharti Airtel, and Sun Pharma opened with gains.

Passive funds are gradually gaining market share within the mutual fund industry as a jump in allocations to retirement products, a slew of scheme launches, and lower costs are driving investors to these schemes. The share of passive assets as a percentage of total assets under management has risen to 16% in July 2023 from 6% in July 2019, according to a Franklin Templeton Mutual Fund report. While a large part of this growth has been driven by flows from the Employees' Provident Fund Organisation, which allows asset managers to invest in exchange-traded funds (ETFs), industry officials said several differentiated product launches have been in the passive space, sparking investor interest.

Market expert Hemang Jani says he «would go with some of the midcap cement companies. So, NCL is something which has done very well in the last one month or so. It is a smallcap, Rs 1,000-crore cement company and the numbers were exceptionally good and you do hear more and more M&A related transactions and that could re-rate the entire sector.

rupee slumped 20 paise to end at a record closing low level of 83.15 a dollar. US July industrial production, retail sales and housing data pointed to a sound beginning to the third quarter.

MUMBAI — Agreya Capital Advisors believes in creating a portfolio that consists of strong growth sectors/stocks which could help in generating index-beating returns. The portfolio management services provider’s largecap fund has given close to 24% returns over a 1-year period, according to PMS Bazaar data. “We believe that avoiding weak sectors consistently through a process could potentially outperform indices.

Delta Corp, Gujarat, Narmada Valley Fertilizers & Chemicals, Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Balrampur Chini has moved out of the ban. 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.

Sensex and Nifty ended over half a percent lower each dragged by weak global cues. The Nifty index slipped 99 points to end at 19,365. The index found support at 19,300 level during the day.

Indian stock market is expected to open lower on Friday following selloff in global markets as rising treasury yields weighed on investors’ risk appetite. The Asian markets traded lower following an overnight decline on Wall Street after the treasury yields spiked. Concerns over China’s economic slowdown resurfaced and sentiment weakened after property developer Evergrande filed for bankruptcy protection in the US.

Day trading guide for today: Following weak global market cues, Indian stock market finished lower on Thursday. NSE Nifty went down 99 points and ended at 19,365 levels, BSE Sensex lost 388 points and closed at 65,151 mark whereas Bank Nifty index went off 55 points and closed at 43,891 levels.

Reliance Industries: Jio Financial Services is being removed from several FTSE Indices for failing to commence trading after 20 business days. A notice shared by FTSE Russell said that the company had also not announced a firm trading date since its inclusion on July 20. The omission will come into effect from August 22.

Buy or sell stocks for today: On account of weak global market sentiments, Indian stock market ended lower on Thursday. NSE Nifty lost 99 points and closed at 19,365 levels, BSE Sensex corrected 388 points and ended at 65,151 mark whereas Bank Nifty index went off 55 points and closed at 43,891 levels.

₹1,510.86 crore. DIIs after investing in the domestic market for straight-four sessions sold shares for ₹313.97 crore.More data came in Thursday showing a firm U.S.

«The escalation of US bond yields is expected to limit the influx of foreign investments into the Indian market, further impacting market dynamics,» said Vinod Nair, Head of Research at Geojit Financial Services. «The market has been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US mid sized banks. We expect this weakness to persist in the market in the near term in the absence of any positive trigger,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Option data suggests a broader trading range in between 19000 to 19700 zones while an immediate trading range was in between 19200 to 19500 zones. 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 16.5 points, or 0.09 per cent, higher at 19,299.50, signaling that Dalal Street was headed for positive start on Friday.

Nykaa, HDFC AMC, Indus Towers, Page Industries, ACCNykaa, HDFC AMC, Indus Towers, Page Industries and ACC have been excluded from Nifty Next50 in the latest revision of various NSE indices.Yatharth HospitalYatharth Hospital reported 73% year-on-year growth in its consolidated net profit at Rs 19 crore for the quarter ended June.Read more: What changed the market while you were sleepingConcord BiotechThe shares of Concord Biotech will debut on the exchanges today.

Delta Corp Ltd, Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC), Granules India Ltd, Hindustan Copper Ltd, Indiabulls Housing Finance Ltd, India Cements Ltd, Punjab National Bank, SAIL, and Zee Entertainment Enterprises Ltd (ZEEL) are the ten 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.

Nykaa, HDFC AMC among a list of stocks have been excluded from Nifty Next50 in the latest revision of various NSE indices. However, there were no changes made to the benchmark Nifty. The changes, which were brought about by the index maintenance sub-committee (Equity) of NSE Indices, will be effective from September 29.Indus Towers, Page Industries and ACC were also excluded from the Nifty Next50 index, which added PNB, Shriram Finance, Trent, TVS Motor and Zydus Life.

ACC Ltd. ACC 2 FSN E-Commerce Ventures Ltd. NYKAA 3 HDFC Asset Management Company Ltd.

₹1,510.86 crore. Domestic institutional investors (DIIs) after investing in the domestic market for straight-four sessions sold shares for ₹313.97 crore. As per NSE data, on August 17, FIIs' buy value was at ₹11,205.13 crore and sell value at 12,715.99 crore -- resulting in an outflow of ₹1,510.86 crore.

Golden Crossover stands out as a significant indicator. In this article, we unveil the essence of the Golden Crossover, why it holds importance in assessing stock movements, and spotlight 10 stocks, carefully selected by ETMarkets, that have recently witnessed this pattern. Within the ever-evolving world of stock trading, patterns and signals are like stars in the night sky, guiding investors toward their desired destinations.

Nifty on Thursday formed an Inside Bar candle on the daily chart. Now, till it holds below 19,420 zones some more profit-booking could be seen towards 19,300, then 19,250 zones, whereas resistance exists at 19,480 then 19,560 zones, said Chandan Taparia of Motilal Oswal. The negative chart pattern like lower tops and bottoms is active on the daily chart and the market has not shown any decisive upside bounce so far.

KIOCL(up 6.72%), Pokarna(up 6.62%), Ashapura Minechem(up 3.16%) and Gujarat Mineral Dvpt Corporation(up 2.15%) stood among the top gainers. Oriental Trimex(down 9.52%), MOIL(down 2.91%), Orissa Minerals Development Company(down 1.38%), Lexus Granito(down 1.33%), Madhav Marbles and Granites(down 0.47%), NMDC Ltd(down 0.47%), Coal India(down 0.32%) and Aro Granite Industries(down 0.21%) were among the top losers of the day.