SENSEX Financial News

Indian Oil Corporation Ltd. traded 0.12 per cent up at Rs 90.98 at around 01:09PM (IST) on Monday. The stock had closed at Rs 90.87 in the previous session.

Page Industries Ltd. traded 0.25 per cent down at Rs 39200.0 at 12:38PM (IST) on Monday, even as BSE benchmark Sensex gained 38.3 points to 66321.04.

The stock quoted a 52-week high of Rs 775.0 and a 52-week low of 557.15. About 22,169 shares changed hands on the counter so far.

Tata Elxsi Ltd. traded 0.19 per cent down at Rs 7430.05 at 12:22PM (IST) on Monday, even as BSE benchmark Sensex dropped 3.93 points to 66278.81. The stock had closed at Rs 7444.65 in the previous session.

(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, advanced 0.11% to $90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 24.70 points or 0.04% lower at 66,258.04.

Benchmark NSE Nifty index fell 1.5 points to 19749.55 amid selling in frontline bluechip stocks. However, stocks such as Delta Corp, Gangotri Text, SS Infrastructure, SEL Manufact and Lakshmi Finance, touched their fresh 52-week low.

Forex traders said falling domestic inflation, rise in industrial production figures and improvement in trade deficit aided the local unit. However, geopolitical tensions, particularly the Israel-Hamas conflict, dented investor sentiments. At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.24, registering a gain of 6 paise over its previous close. On Friday, the rupee fell 6 paise to settle at 83.30 against the US dollar. «For now, a mild risk-off stance supports USD demand, but positive economic data and RBI intervention maintain the rupee's range between 83.05 and 83.30. The situation remains delicate, with the potential for rapid shifts in response to geopolitical developments,» CR Forex Advisors MD-Amit Pabari said. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent down at 106.53. Brent crude futures, the global oil benchmark, advanced 0.11 per cent to USD 90.99 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 161.12 points or 0.24 per cent lower at 66,121.62.

The NSE Nifty index was trading 4.75 points up at 19755.8, while BSE Sensex was down 26.2 points at 66256.54 at the time of writing this report. In the Nifty index, Coal India Ltd.(up 1.43 per cent), HCL Technologies Ltd.(up 1.43 per cent), LTIMindtree Ltd.(up 1.36 per cent), Hero MotoCorp Ltd.(up 1.34 per cent) and Oil And Natural Gas Corporation Ltd.(up 1.33 per cent) were among the top gainers.

Bharat Forge Ltd. traded at Rs 1120.25 on BSE at 11:01AM (IST) on Monday, up 0.25 per cent. The stock quoted a 52-week low price of Rs 743.0 and a high of Rs 1147.95.

LTIMindtree Ltd. traded 1.43 per cent up at Rs 5169.9 on Monday at around 10:00AM (IST), while the benchmark BSE Sensex declined 105.36 points to 66177.38. As many as 4,981 shares changed hands on the counter with a total value of Rs 2.56 crore.

Domestic benchmark index NSE Nifty fell 17.45 points to 19733.6, while the BSE Sensex traded 99.01 points down at 66183.73. On the other hand, Tantia Const, Prakash Pipes, MSTC Ltd., Landmark Prop and Jai Corp stocks hit their fresh 52-week highs today.

KCP Sugar & Industries(up 4.99%), BAJAJHIND(up 3.48%), Mawana Sugars(up 3.05%), Dalmia Bharat Sugar & Industries(up 3.02%), Dwarikesh Sugar Industries(up 2.78%), MAGADHSUGAR(up 2.74%), AVADHSUGAR(up 2.69%), Uttam Sugar Mills(up 2.51%), Simbhaoli Sugars(up 2.44%) and Sakthi Sugars(up 2.44%) were among the top gainers. were among the top losers.

Bandhan Bank Ltd. rose 1.53 per cent to Rs 244.5 at 10:10AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.

₹16,000 crores through regular systematic investment plan (SIP) investments. Statistics also underscore more investors taking an active interest in thematic or sectoral funds owing to their competitive returns. Considering how investing in these funds involves a lot of risk, numbers suggest the growing risk-averse nature of investors amidst growing optimism regarding the performance of the Indian stock market.

Also Read: 6 things that changed for the stock market over the weekend - Gift Nifty to falling US consumer sentiment Here’s what to expect from Nifty and Bank Nifty today: On the weekly chart, Nifty formed a long bull candle at the lows, post hammer candle pattern of last week. “The bulls were able to protect the level of 19600 during the day, thanks to the strong open interest (OI) build-up at the 19,600 strike price by put writers. The strength may continue as long as the index remains above 19,600.

Buy or sell stocks for today: Following weak global market cues, Indian stock market finished lower on Friday last week. Nifty 50 index lost 42 points and closed at 19,751 levels, BSE Sensex shed 125 points and closed at 66,282 mark whereas Bank Nifty index corrected 311 points and closed at 44,287 levels.

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Sensex fell 125.65 points, or 0.19%, to close at 66,282.74, while the Nifty 50 ended 42.95 points, or 0.22%, lower at 19,751.05. “The steady retail inflation in the US, the probability of further rate hikes in the US still remaining active, and the ongoing geo- political tensions, are factors that may dampen the market sentiment in the coming weeks too. But the reality of a strong domestic economy supports equities, and therefore, in any corrective downward movements it affords a significant amount of protection," said Joseph Thomas, Head of Research, Emkay Wealth Management.

The S&P BSE Sensex fell over 100 points, while the Nifty50 closed below 19,800 levels. Sectorally, buying was seen in auto, realty, and healthcare stocks while profit-taking was seen in banks, IT, metal, and the public sector. Stocks that were in focus include names like ITI, which was up by about 20%, HDFC Asset Management Company, which rose more than 3%, and Angel One, which pared gains after hitting an all-time high in trade on Friday to end in the red. We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view: Analyst: Sunil Gurjar, Founder Chartmojo, Author, CFTe ITI (All-Time High) The stock has been going up in great momentum, and on the daily time frame, it seems to be forming up trend continuation patterns and giving breakout from the same. If you look at Friday’s breakout candle, then it has taken the formation of bullish Marubozu candlestick, which is signifying a strong upside from hereon. One should keep Friday's breakout candle as an invalidation level. 21- EMA is a short-term trend identification moving average that signals that the stock is in strong upside momentum. HDFC AMC (52-Week high) The counter has been trading above all the key moving averages’ which seems to suggest that it is poised for a big run in the forthcoming trading session. The counter has given a pattern breakout with strong volume buildup as well, signalling big hands are also taking part in the stock. The breakout candle will act as an invalidation level for the bullish position and trail the trading position with the

Also Read: These 50 smallcap stocks log double-digit rise as Sensex settles marginally higher on volatile week; do you own? "The rebound from the sluggish start, propelled by positive expectations on Q2 earnings and moderation in global bond yield despite concerns over the Middle East conflict continues to hover. The release of higher-than-anticipated US inflation data and resulting increase in treasury yields marginally offset the positive trend by the end of the week,'' said Vinod Nair, Head of Research at Geojit Financial Services. Domestic benchmark equity indices slipped into the negative territory in the previous session despite some intraday recoveries.

Also Read: Dividend Stocks: TCS, HCL Tech, Glenmark Life Sciences, others to trade ex-dividend next week; check full list Nifty 50 lost 42.95 points to settle at 19,751.05. The Sensex falls 125.65 points to close at 66,282.74.