SENSEX Financial News

rupee depreciated 16 paise to end at 83.19 a dollar. Concerns over elevated crude oil prices, strong greenback and a widening trade deficit limited the upside for rupee.

Day trading guide for today: On account of strong global cues, Dalal Street ended higher on third day in a row on Friday. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

Indian stock market indices Sensex and Nifty are expected to open lower on Monday tracking weak global cues. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading at around 20,190 level as compared to the Nifty futures’ Friday close of 20,240.

L&T: The engineering and infrastructure conglomerate Larsen & Turbo (L&T) has declared a buyback of shares that will open on 18th September 2023 i.e. on Monday next week. This Larsen & Turbo buyback of shares will remain open till 25 September 2023.

₹10,000 per tonne. This marks an increase from the previous rate of ₹6,700 per tonne, which had been in effect for the past two weeks. The new tax rates are set to be implemented starting from Saturday, September 16.Additionally, in a notification issued by the Ministry of Finance, it was stated that the special additional excise duty (SAED) on diesel exports would be reduced to ₹5.50 per litre, down from the previous rate of ₹6 per litre.

Indian stock market indices, Sensex and Nifty are likely to open lower on Monday following weak global cues. Asian markets traded lower, while the US stock markets ended in the red last week. Foreign capital outflows, elevated crude oil prices and inflation concerns may cast shadow over the market, while strong domestic macroeconomic data with lower CPI and wholesale inflation are likely to provide comfort.

Buy or sell stocks for today: Following strong global market sentiments after better-than-expected Chinese economic data, Indian stock market ended in green terriroty for third straight session. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals.

Tech Mahindra, part of the Indian IT industry, rallied about 20% in the last 3 months which pushed the stock to a fresh 52-week high and the chart patterns suggest that the rally may not be over yet.Short-term traders can buy the stock now for a possible upside towards Rs 1350 in the next two to three weeks, suggest experts.

MUMBAI : The markets regulator’s attempts to warn retail investors about the risks of trading in derivatives appear to have fallen on deaf ears. The number of retail participants trading in derivatives on the National Stock Exchange (NSE) of India Ltd, the country’s largest stock exchange, hit a record in August. Market participants said the surge was fuelled by the growing popularity of relatively cheaper zero-day options, which expire daily.

market valuation of nine of the top-10 most valued firms rallied by Rs 1,80,788.99 crore last week, amid an overall buoyant trend in equities, with Tata Consultancy Services (TCS) emerging as the biggest gainer. Last week, the BSE benchmark jumped 1,239.72 points or 1.86 per cent.

Nifty and Bank Nifty, it seems likely that bears will think twice before confronting the bulls head-on, says Aamar Deo Singh, Head Advisory at Angel One. This is because the majority of broad-based technical indicators, such as the Advance-Decline Ratio, all-time high stock prices, and 84% of stocks that are trading above their 200-Day Moving Average, all indicate a rally that will span multiple sectors.What are your thoughts on Sensex and Nifty's current run in this series? Where do you see them this Friday?The Indian stock market's incredible surge continued to gain steam last week and doesn't seem to be slowing down. The Nifty finished the week with weekly gains of 1.88%, and a record high of 20,192, while Bank Nifty, not to be outdone, finished the week with weekly gains of 2.38%, just shy of its all-time high of 46,369 in July. Also, remaining in the 10–12 area was the India VIX, which represents investors' comfort and confidence.

Sensex and Nifty50 ended the week on strong footing hitting new all-time highs with PSU Banks, auto and IT stocks leading the gains. Amid a host of important domestic and global events lined up during this week.

US Federal Reserve policy meeting outcome, foreign fund inflow, crude oil prices, global cues, and more. Domestic benchmark indices Sensex and Nifty hit their fresh record highs last week with frontline index Nifty50 breaching the psychological 20,000-mark on the back of strong macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. The tone was positive from the beginning which strengthened further with rotational participation from the index majors across sectors.

macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. On Friday, September 15, Sensex closed at 67,838.63, up 320 points, or 0.47 per cent, while the Nifty settled at 20,192.35, rising 89 points, or 0.44 per cent. Both indices ended at their fresh closing highs on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra.

Foreign portfolio investors (FPIs) continued their selling streak and have emerged as net sellers so far in September, with a muted performance on D-Street on rising US bond yields and a stronger dollar. FPIs have sold ₹4,768 crore worth of Indian equities and offloaded a total of ₹2,968 crore as of September 8, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹4,768 crore-figure also includes bulk deals and investment in primary market.

Jupiter Hospital IPO: Listing date for the initial public offering (IPO) of Jupiter Life Line Hospitals Limited has been fixed on 18th September 2023. As per teh information available on BSE website, Jupiter Hospital shares will list on BSE and NSE on 18th September 2023 in speacial pre-open session. Meanwhile, grey market sentiments have remained bullish in regard to Jupiter Hospital IPO.

Buy or sell stocks: On account of strong global market sentiments after better-than-expected Chinese economic data, Indian stock market ended in green terriroty for third straight session. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

EMS IPO: Allotment of shares has been finalised and now focus has shifted towards EMS IPO listing date, which is most likely on 21st September 2023. Those who have applied for the EMS IPO can now check their EMS IPO allotment status online by logging in at BSE website — bseindia.com or at the official registrar's website — kosmic.kfintech.com. For more convenience, bidders can login at direct bse link — bseindia.com/investors/appli_check.aspx or at direct KFin Tech link — https://kprism.kfintech.com/ipostatus.

Nifty Bank is now approaching its all-time high and can even zoom past the 47,000-level, says Rupak De of LKP Securities. “The strong presence of Put writers at 46,000 has helped the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside,” he said.

MUMBAI : The BSE Sensex is poised to log its longest winning streak as retail investors continue to plough money into the markets. The 30-share index has now risen for 11 days in a row this month, matching the longest winning streak since 7 October 2007 when it rose for an identical number of days. Such long winning streaks have happened only four times: June 1983, October 2003, October 2007 and September this year.

Nifty scaled to lifetime highs. The domestic institutional investors (DIIs) were also net buyers and infused ₹1,938.57 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹9,870 crore of Indian equities, while they sold ₹9,575.31 crore --- resulting in an inflow of ₹294.69 crore.