NIFTY Financial News

The NSE Nifty index traded 101.3 points down at 19569.8, while BSE Sensex was down 345.45 points at 65531.57 as of 10:50AM(IST)on October 19. In the Nifty index, LTIMindtree Ltd.(up 4.57 per cent), Bajaj Auto Ltd.(up 4.39 per cent), IndusInd Bank Ltd.(up 2.97 per cent), Hero MotoCorp Ltd.(up 1.95 per cent) and Bharat Petroleum Corporation Ltd.(up 0.50 per cent) were among the top gainers.

MphasiS Ltd. traded 1.61 per cent up in Thursday's trade at 10:30AM (IST). Around 9,661 shares changed hands on the counter.

Indowind Energy(up 4.86%), RTNPOWER(up 4.83%), Jaiprakash Power Ventures(up 4.71%), Energy Development Company(up 4.68%), GE Power India Limited(up 3.12%), Suzlon Energy(up 2.42%), NLC India(up 1.36%), Adani Power(up 1.29%), Orient Green Power Company(up 1.09%) and Inox Wind Energy(up 0.79%) were among the top gainers. Torrent Power(down 2.29%), Alstom T&D India(down 1.88%), PTC India(down 1.26%), Kalpataru Projects International(down 1.19%), Voltamp Transformers(down 1.02%), SJVN(down 0.88%), Power Grid Corporation of India(down 0.87%), Hitachi Energy India(down 0.68%), KEC International(down 0.67%) and KPI Green Energy(down 0.66%) were among the top losers.

Bajaj Auto Ltd.(up 4.54 per cent), Hero MotoCorp Ltd.(up 2.1 per cent) and TVS Motor Company Ltd.(up 0.52 per cent) were among the top gainers. Bharat Forge Ltd.(down 1.5 per cent), Tata Motors Ltd.(down 1.02 per cent), Balkrishna Industries Ltd.(down 1.01 per cent), Tube Investments of India Ltd.(down 0.96 per cent) and Ashok Leyland Ltd.(down 0.91 per cent) were the top losers on the index.

Benchmark NSE Nifty index fell 99.0 points to 19572.1 amid selling in frontline bluechip stocks. However, stocks such as Gensol Engg, Winsome Yarns, Delta Corp, Xelpmoc Design and Navin Fluorine, touched their fresh 52-week low.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Brent crude futures, the global oil benchmark, fell 0.47% to $91.07 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 288.25 points, or 0.44%, lower at 65,588.77, while the NSE Nifty declined 86.95 points, or 0.44%, to 19,584.15.

₹8,416 crore as on Sept 30, 2023. REIT is a trust that owns, operates or finances income-generating real estate.

Feroze Azeez, Deputy CEO, Anand Rathi Wealth, “the Indian market has operated with high inflation and a high interest rate economy for long periods of time. So, I do not see that as a big risk for India and if you look at the correlation between yields and the cash flows of FII, the correlation is significantly lower this time around.” In the US 10-year, 4.8% has been breached. What are the other downside risks to the markets that can play out over the next year or so because markets are very close to all-time highs? Of course, the 10-year Fed rate is at 4.8%. The last 10 years’ average of the 10-year Fed rate is 2.2%. We are trading at 150% greater in the US market. If you compare that to the Indian situation, the 10-year G-Sec average for the last 10 years is close to 6.8%. We are at 7.3%, that is just less than 10%. But in the US 10-year, there is a 150% rise, that is point one.

Sensex plunged 551 points to settle at 65,877, while the Nifty declined 140 points to end at 19,671. Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped 10% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Ultratech Cement — Buy on dips After a narrow range consolidation, the stock took support near 100 day SMA (Simple Moving Average) around 8250 level. The anchor VWAP band shows a crucial support within the range of 8240 to 8270 zone.

Buy or sell stocks for today: Following mixed and choppy trade in Asian markets, Indian stock market ended lower on Wednesday. Nifty 50 index went down 140 points and closed at 19,671 levels, BSE Sensex corrected 551 points and ended at 65,877 mark whereas Bank Nifty index finished 520 points lower at 43,888 levels.

Day trading guide for today: Following weak global market sentiments, Indian stock market ended lower on Wednesday session. Nifty 50 index went down 140 points and closed at 19,671 levels, BSE Sensex corrected 551 points and ended at 65,877 mark whereas Bank Nifty index finished 520 points lower at 43,888 levels.

BSE Sensex closed 551.07 points, or 0.83%, lower at 65,877.02, while the NSE Nifty 50 declined 140.40 points, or 0.71%, to settle at 19,671.10. “Profit booking ensued in Indian markets, spurred by weak global sentiments and escalating Middle East tensions. A sudden rise in the tension has led to instability in energy prices.

BSE Sensex closed 551.07 points lower at 65,877.02, while the NSE Nifty 50 declined 140.40 points to settle at 19,671.10. Nifty 50 formed a long bear candle on the daily chart, which is indicating a double top type pattern at 19,840 levels as per daily chart. Nifty is placed within a broader high low range of 19,840-19,635 levels and is now placed at the edge of downside breakout of the lower range.

₹1,831.84 crore, according to NSE data. DIIs bought equities resulting in an inflow of ₹1,469.50 crore, the exchange data showed.Global shares dragged on Wednesday amidst deepening fears over the Middle East conflict and as a downbeat forecast for the semiconductor sector weighed on sentiment.Oil prices advanced as the mounting strife in the Middle East appeared to pose a growing threat to supply.

Wipro, an erstwhile software bellwether now undergoing a protracted turnaround, on Wednesday reported a marginal on-year increase in the September-quarter net profit that declined nearly 8% sequentially, mirroring an industry-wide sluggishness in deal conversions and cautious discretionary spending in primary revenue-generating markets either side of the Atlantic water margin. India's fourth-largest software company also gave a tepid outlook, citing an «uncertain» business environment. Another sharp headcount reduction and circumspect business projections were worse than the grim forecast provided earlier by larger peers, such as Tata Consultancy Services (TCS) and Infosys, for a near $250-billion outsourcing industry that accounts for one-eighth weighting on the Nifty.

A total of about ₹8,717.65 crore was potentially made over the last two fiscals by the senior-to-top management of 12 large-sector frontliners in the Nifty 50, showed the data put together for ET by ESOP Direct. About 100 million options were issued — mostly to senior management — in FY22 and FY23 by these 12 companies.

₹11,593.08 crore and bought stocks for ₹9,761.24 crore, resulting in an outflow of ₹1,831.84 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,166.53 crore and offloaded shares worth ₹6,697.03 crore, resulting in an inflow of ₹1,469.50 crore, the exchange data showed. The 30-share BSE Sensex plunged 551.07 points, or 0.83%, to end at 65,877.02.

Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns over elevated oil prices and US interest rates as well as the Middle East conflict. The NSE Nifty 50 index closed 0.71% lower at 19,671, while the S&P BSE Sensex fell 0.83% to 65,877. Here's how analysts read the market pulse: «As long as the index is trading below 19800, the weak sentiment is likely to continue and could slip till 19600-19575. On the flip side, a minor pullback rally is possible if the index surpasses the intraday resistance of 19720, and above the same, we could see one quick intraday rally till 19780,» said Shrikant Chouhan, Head of Research (Retail) at Kotak Securities. Rupak De, Senior Technical analyst at LKP Securities, said, «Nifty found resistance at 19,850, which led to a fall towards 19,650.

Nifty ended 141 points lower ahead of Thursday's weekly expiry to form an evening star candle on the daily chart, which is considered to be a bearish reversal pattern. Nifty has now formed a double-top formation on daily and intraday charts and a bearish candle on daily charts, indicating further weakness from the current levels. The Futures Open Interest (OI) in the Nifty indicated a buildup of fresh short positions in index futures. Call writers were seen offloading their positions at the 19,800 strike, leading to a strong down in Nifty today.

Shares of Coforge Ltd.(up 0.6 per cent) and Persistent Systems Ltd.(up 0.07 per cent) ended the day as top gainers in the pack. On the other hand, L&T Technology Services Ltd.(down 5.63 per cent), MphasiS Ltd.(down 1.55 per cent), LTIMindtree Ltd.(down 1.12 per cent), Wipro Ltd.(down 0.96 per cent) and Tech Mahindra Ltd.(down 0.87 per cent) finished as the top losers of the day.

Benchmark NSE Nifty closed 140.4 points down at 19671.1 amid selling in frontline bluechip counters. However, stocks such as Vaxtex Cotfab, Nakoda Group Of Ind, Xelpmoc Design, Rajesh Exports and TCI Express, touched their fresh 52-week lows.