SENSEX Financial News

Max Healthcare Institute Ltd. traded 4.93 per cent lower in Wednesday's session at 02:05PM (IST).

Maruti Suzuki share price traded lacklustre on Wednesday. The stock fell over half a per cent in intraday trade on BSE and looked on course to extend the losses into the second consecutive session. The stock ended 0.30 per cent lower in the previous session.

Page Industries Ltd. traded 2.33 per cent lower in Wednesday's session at 01:34PM (IST).

Varun Beverages Ltd. dropped 0.51 per cent to Rs 914.25 at 01:39PM (IST) in Wednesday's trade.

Indian Hotels Company Ltd. traded 2.09 per cent down at Rs 411.75 at 12:58PM (IST) on Wednesday, even as BSE benchmark Sensex gained 253.79 points to 67474.92. The stock had closed at Rs 420.55 in the previous session.

IndusInd bank reached a settlement and have withdrawn insolvency litigations. "Coffee Day Global and IndusInd bank told the Chennai bench of National Company Law Appellate Tribunal (NCLAT) on September 13 that they have reached a settlement and that the two parties have withdrawn insolvency litigations. NCLAT took their submissions on record and set aside the order admitting Coffee Day Global to insolvency," Moneycontrol reported.

Bajaj Holdings & Investment Ltd. traded at Rs 7046.0 on BSE at 12:48PM (IST) on Wednesday, down 1.3 per cent.

The correction which the nifty and sensex has been witnessing for the last six weeks was finally felt by the large majority of the street on Tuesday. The reason after the last few months of the sharp rally, mid-cap indices and stocks witnessed a sharp correction.

MphasiS Ltd. traded at Rs 2449.2 on BSE at 12:18PM (IST) on Wednesday, down 0.75 per cent from previous close. The scrip quoted a 52-week low price of Rs 1660.65 and a high of Rs 2550.95. Earlier, the stock saw a gap down opening in the morning. A total of 3,610 lakh shares changed hands on the counter till 12:18PM (IST). The stock of MphasiS Ltd.

Voltas Ltd. gained 0.73 per cent to Rs 882.0 at 11:47AM (IST) in Wednesday's trade.

rupee witnessed a range-bound trading against the US dollar in early trade on Wednesday, as the support from positive macroeconomic data was negated by elevated crude oil prices and a firm American currency. Forex traders said domestic retail inflation data and industrial production figures were better than market expectations and supported investors' sentiments. However, investors are awaiting cues from the CPI data from the US to know the path the US FED will tread in its fight for lower inflation. At the interbank foreign exchange, the rupee was trading in a narrow range.

Ambuja Cements Ltd. dropped 0.8 per cent to Rs 441.5 at 11:11AM (IST) in Wednesday's trade.

Indiabulls Real Estate Ltd.(up 3.65 per cent), Sobha Ltd.(up 1.84 per cent), Mahindra Lifespace Developers Ltd.(up 1.13 per cent) and Prestige Estates Projects Ltd.(up 0.37 per cent) were among the top gainers. Macrotech Developers Ltd.(down 5.31 per cent), Phoenix Mills Ltd.(down 2.85 per cent), Brigade Enterprises Ltd.(down 1.12 per cent), Oberoi Realty Ltd.(down 1.09 per cent) and Godrej Properties Ltd.(down 0.61 per cent) were the top losers on the index. The Nifty Realty index was down 1.26 per cent at 569.95 at the time of writing this report. Benchmark NSE Nifty50 index was up 11.1 points at 20004.3, while the BSE Sensex was up 41.7 points at 67262.83. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 24 were in the red. Shares of Indian Railway Fin, Suzlon Energy, JP Power, Vodafone Idea and YES Bank were among the most traded shares on the NSE. Shares of PDS Multi&Fash, Ajanta Pharma, KEC Int., Cadsys(India)Ltd.

Nifty both showed significant volatility throughout the session, while the mid- and small-cap markets saw a big wave of selloffs. Despite new valuation concerns, the market declined.

retail inflation eased in August, but remained above the upper end of the central bank’s target band for a second consecutive month. The CPI inflation in August fell to 6.83% from 7.44% in July. The Index of Industrial Production (IIP) rose by 5.7% in July, according to the official data.

Sensex and Nifty50 closed flat on Tuesday. India VIX was up by 3% from 11.34 to 11.69 levels in the previous trading session. Volatility was on the rise and the index witnessed some profit booking after the rally of the last few sessions. On the weekly options front, the maximum Call OI is placed at 20100 and then towards 20200 strikes while the maximum Put OI is placed at 19900 and then towards 20000 strikes. Minor Call writing is seen at 20100 and then towards 20200 strikes while Put writing is seen at 20000 and then towards 19950 strikes. “Options data suggests a shift in a higher trading range in between 19750 to 20300 zones while an immediate trading range in between 19850 to 20150 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty witnessed a profit booking decline after touching a fresh all-time high of 20110 and took support near 19900 zones on Tuesday.

large cap funds as a core holding in their portfolio as such companies are better prepared than smaller companies to manage risk. Investors can participate in such companies using mutual fund schemes.How can an investor take exposure to large cap stocks using mutual funds?Large cap stocks are present in several mutual fund categories. While large cap funds have a minimum allocation of 80% to large cap stocks ranked 1-100 by market capitalisation, multi cap schemes need to have a minimum allocation of 25% to large caps. Although flexi cap and focused schemes are free to choose stocks based on the fund manager’s view of the market, most schemes end up allocating 50-70% to large cap stocks. There are many passive mutual fund schemes that mimic the index and give exposure to large cap stocks. Passively-managed schemes that track the Nifty 50, S&P BSE Sensex, Nifty Next 50, Equal Weight Nifty, and Nifty 100 have a portfolio of large cap stocks.What advantages do actively-managed large cap funds offer over passive funds?Passive funds invest in stocks in the same proportion of the index that they track. They have a low cost compared to active funds. However, actively managed funds give flexibility to buy stocks and allocate on the fund manager’s view of the market. The fund manager is free to decide the allocation to each stock in the portfolio, with the maximum allocation to a single stock at 10%. Based on the fund manager’s view of the market and valuations, s/he is free to exclude any stock or have a low weight.

BHEL), Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB), National Aluminium Company and Steel Authority of India (SAIL). 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. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. For BHEL, MWPL stood at 80.9% on Tuesday with OI reported by Trendlyne at 64.8 million. It was down 20.1% from the previous session. The MWPL for Delta Corp stood at 84.2% with OI at 13.7 million.

Indian stock market is expected to open on a cautious note Wednesday tracking mixed cues from global peers. The Asian markets traded mixed, while the US stock market ended lower overnight dragged by weakness in tech stocks. Investors’ sentiment may dampen as a surge in crude oil prices, with Brent oil trading above $92 a barrel, is expected to stoke inflation fears ahead of US inflation data.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty settled lower in the previous session, exhibiting significant volatility with the mid and smallcap spaces witnessing a strong wave of selloffs. Investors booked profits after the blue-chip index hit a record high near the open, while the small-caps and mid-caps snapped an 11-session winning run. Sensex closed at 67,221.13, up 94 points, or 0.14 per cent while the Nifty closed the day at 19,993.20, down 3 points, or 0.02 per cent.

Read More)Wipro Holdings (UK) has completed the transfer of its entire shareholding in Wipro 4C NV to Wipro IT Services UK Societas, with the effective date being September 12, according to reports. Both Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV operates as a step-down subsidiary.