NIFTY Financial News

Shares of Punjab National Bank(up 2.9 per cent), Bank of Baroda(up 2.88 per cent), Bandhan Bank(up 1.65 per cent), Federal Bank(up 1.04 per cent) and State Bank of India(up 0.92 per cent) ended the day as top gainers in the pack. On the other hand, IndusInd Bank(down 0.8 per cent), AU Small Finance Bank(down 0.71 per cent), IDFCBANK(down 0.23 per cent), Kotak Mahindra Bank(down 0.19 per cent) and HDFC Bank(down 0.08 per cent) finished as the top losers of the day.

Transformers and Rectifiers(India)(up 7.68%), Inox wind(up 6.62%), Voltamp Transformers(up 4.20%), Inox Wind Energy(up 3.60%), NLC India(up 3.50%), Adani Power(up 2.54%), Hitachi Energy India(up 2.49%), Indowind Energy(up 2.23%), ADANIGREEN(up 1.90%) and PTC India(up 1.58%) stood among the top gainers. Orient Green Power Company(down 7.24%), Reliance Power(down 4.56%), KPI Green Energy(down 3.51%), Power Grid Corporation of India(down 2.60%), Indo Tech Transformers(down 2.37%), KEC International(down 2.17%), GE Power India Limited(down 2.11%), Jaiprakash Power Ventures(down 2.10%), Karma Energy(down 1.86%) and Alstom T&D India(down 1.59%) were among the top losers of the day.

Nagarjuna Fertilizers & Chem(up 10.00%), KRISHANA(up 2.05%), Coromandel International(up 0.94%), Aries Agro(up 0.53%), Fertilizers & Chemicals Tranvancore(up 0.48%), Chambal Fertilisers & Chemicals(up 0.47%), Paradeep Phosphates(up 0.46%), Deepak Fertilizers & Petrochemicals(up 0.18%) and Rashtriya Chemicals & Fertilizers(up 0.04%) stood among the top gainers. National Fertilizer(down 4.78%), Gujarat Narmada Valley Fertilizers (down 2.12%), Madhya Bharat Agro Products(down 1.83%), Rama Phosphates(down 1.70%), Mangalore Chemicals & Fertilizers(down 1.60%), Sikko Industries(down 1.39%), Agro Phos(down 1.31%), Madras Fertlizers(down 1.09%), G S F C(down 0.98%) and Khaitan Chemicals & Fertilizers(down 0.69%) were among the top losers of the day.

midcap and smallcap indices scored gains on Tuesday, August 8, amid weak global cues as China's weak economic data weighed on sentiment. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63. The index finally closed 107 points, or 0.16 per cent, lower at 65,846.50 while the Nifty ended 26 points, or 0.13 per cent, lower at 19,570.85, both snapping their two-day winning run.

You buy stocks for good times, and gold for bad times. No one could have said it better. And perhaps no one other than us Indians have planned better for bad times.

Domestic benchmark index NSE Nifty ended 26.45 points down at 19570.85, while the BSE Sensex closed 106.98 points down at 65846.5. On the other hand, Banco Products, Hisar Metal Ind, Sabar Flex India, Pritika Auto Ind and PTC Financial stocks hit their fresh 52-week highs today.

Shares of Gland Pharma(up 20.0 per cent), Biocon(up 4.5 per cent), Natco Pharma(up 3.66 per cent), Cipla(up 3.5 per cent) and Laurus(up 2.91 per cent) ended the day as top gainers in the pack. On the other hand, Ipca Laboratories(down 2.12 per cent), Divis Laboratories(down 1.64 per cent), Sun Pharmaceutical Industries(down 1.05 per cent), Abbott India(down 0.79 per cent) and Torrent Pharmaceuticals(down 0.54 per cent) finished as the top losers of the day.

The Nifty 50 index settled 0.13% lower at 19,571, while the S&P BSE Sensex declined 107 points or 0.16% to 65,846. From the Sensex pack, Power Grid, M&M, JSW Steel, Sun Pharma, Nestle and Relaince Industries closed in the red, whereas Tech Mahindra, Wipro, Bajaj Finance, SBI and Bajaj Finserv ended higher.Hero MotoCorp shares closed 4% higher after the 2-wheeler maker firm received more than 25,000 bookings for Harley-Davidson X440. Drug maker Gland Pharma closed with a 20% upper circuit after reporting a 41% rise in June-quarter revenue, aided by the acquisition of French firm Cenexi.

Nifty ended in the red while the second-rung midcap and smallcap indices eked out gains on Tuesday amid weak global cues as China's weak economic data weighed on sentiment. "China's imports contracted by 12.4 per cent in July, far more than forecasts for a 5 per cent drop.

Sushant Bhansali, CEO, Ambit Asset Management, says: “We expect that from here on, while Nifty might go another 25-30% odd in the next two or three years, the small and midcaps will probably deliver much more than that given the size and the opportunity set which they bring to the table in terms of the Indian economy.” Bhansali further says that from a valuation perspective, banks, NBFCs and IT are really comfortable. But the growth momentum in the banks and NBFCs is much beyond IT as of today.What is your market perspective? Do you think that we are getting a bit toppish and that is why a bit of consolidation and sideways move or do you see more legs to the rally?The rally has just started. We had almost one and a half years of lull between September 21 and March 23.

mutual fund (MF) investors as they are delivering amazing returns to existing investors. Although small caps are considered to be very risky, the 'risk hai toh ishq hai' line from Harshad Mehta's web series Scam 1992 is a reminder that we need to take some risks in our life at a certain point to reap benefits. Nippon India Small Cap Fund - Regular Plan is one such small-cap mutual fund plan that has given stellar returns, and grown the money of its investors.

ETFs, or exchange-traded funds, altered the landscape of investing for retail investors. Launched on the NSE (National Stock Exchange) on January 8, 2002, the ETF witnessed trading of Rs 1.30 crore on its very first day, according to the data of the NSE. This novel financial instrument was proof that one does not have to be an expert analyst to be able to park money in different asset classes.

Godrej Consumer Products Ltd. slipped 1.75 per cent to Rs 1012.5 in Tuesday's trade as of 02:00PM (IST).

Colgate-Palmolive (India) Ltd. fell 0.91 per cent to Rs 1975.0 in Tuesday's trade as of 01:34PM (IST) even as the benchmark Nifty ruled at 19578.75, down 18.55 points. The scrip had closed at Rs 1993.0 in the previous session.

Trent Ltd. slipped 0.43 per cent to Rs 1682.9 in Tuesday's trade as of 01:29PM (IST). It hit a high of Rs 1700.7 and low of Rs 1675.0 during the session.

Ambuja Cements Ltd. traded 2.75 per cent down in Tuesday's trade at 01:39PM (IST). Around 47,035 shares changed hands on the counter.

Cholamandalam Investment & Finance Company Ltd. gained 0.4 per cent to Rs 1071.35 in Tuesday's trade as of 12:07PM (IST).

United Spirits Ltd. traded 0.08 per cent higher in Tuesday's session at 12:12PM (IST).

Bharat Forge Ltd. slipped 0.17 per cent to Rs 908.1 in Tuesday's trade as of 12:02PM (IST). It hit a high of Rs 913.95 and low of Rs 907.45 during the session.

Marico Ltd. slipped 0.14 per cent to Rs 575.05 in Tuesday's trade as of 12:17PM (IST).

Given the high institutional holding, IT stocks tend to have a very strong and long phase of directional movement. After remaining under pressure for a long time, IT stocks had seen an up move post TCS results.