SENSEX Financial News

On the BSE, City Pulse Multiplex(down 14.70 per cent), Coffee Day Ent(down 14.57 per cent), Chandra Bhagat Pharm(down 14.00 per cent), Ambo Agritec(down 10.56 per cent) and UTL Industries (down 10.00 per cent) stood among the top losers in today's trade. In the Nifty pack, 46 stocks closed in the green, while 4 stocks ended in the red. The index closed 176.4 points up at 19996.35. On the BSE, Sarda Proteins, Ritesh Intnl, Corp Courier, Voltaire Leas and Concrete Credit Ltd. hit their fresh 52-week lows, while ITI Ltd, SJVN, Creative Casting, Ircon Intl.

The NSE Nifty index closed 176.4 points up at 19996.35, while BSE Sensex ended up 528.17 points at 67127.08. On the other hand, Coal India Ltd.(down 1.12 per cent), Oil And Natural Gas Corporation Ltd.(down 0.57 per cent), Bajaj Finance Ltd.(down 0.26 per cent), Larsen & Toubro Ltd.(down 0.26 per cent) and IndusInd Bank Ltd.(down 0.09 per cent) were among the top losers of the day.

The NSE Nifty index ended the session 176.4 points up at 19996.35, while BSE Sensex rose 528.17 points to 67127.08. In the Nifty index, Adani Ports & Special Economic Zone Ltd.(up 6.96 per cent), Adani Enterprises Ltd.(up 3.80 per cent), Power Grid Corporation of India Ltd.(up 2.26 per cent), Apollo Hospitals Enterprise Ltd.(up 2.22 per cent) and Axis Bank Ltd.(up 2.05 per cent) stood among the top gainers. On the other hand, Coal India Ltd.(down 1.12 per cent), Oil And Natural Gas Corporation Ltd.(down 0.57 per cent), Bajaj Finance Ltd.(down 0.26 per cent), Larsen & Toubro Ltd.(down 0.26 per cent) and IndusInd Bank Ltd.(down 0.09 per cent) were among the top losers of the day.

“The steep increase in stock prices simply reflects the irrational exuberance of investors in the mid-cap and small-cap parts of the market,” Sanjeev Prasad, co-head of institutional equities at the brokerage, wrote in a note. “There is no meaningful change in the fundamentals of most companies; in fact, they have worsened in many cases,” he said.Indian shares have surged on expectations for growth in the economy and corporate earnings, with a boom in retail investing particularly helping smaller stocks outperform.

Domestic benchmark index NSE Nifty ended 176.4 points up at 19996.35, while the BSE Sensex closed 528.17 points up at 67127.08. On the other hand, SJVN, Ircon Intl., ITI Ltd, Vikas Ecotech and Vikas Multicorp stocks hit their fresh 52-week highs today. In the Nifty 50 index, Adani Ports SEZ, Adani Ent., Power Grid, Apollo Hospital and Axis Bank were among the top gainers on the NSE in the today's trade. Meanwhile, Coal India Ltd, ONGC, Bajaj Finance, L&T and IndusInd Bank were among the top losers of the day.

The Indian financial markets have displayed remarkable resilience in recent years, even amidst a global macroeconomic environment fraught with uncertainty. This resilience can be attributed to a combination of the Indian economy’s strength and favourable policy actions aimed at achieving the ambitious goal of a $5 trillion GDP. Consequently, domestic investments in financial markets have surged, with monthly Systematic Investment Plan (SIP) flows in mutual funds exceeding INR 15,000 crore, accompanied by a growing influx of retail investors.

Jupiter Hospital IPO: Bidding for the initial public offering (IPO) closed on 8th December 2023 and in three days of bidding from 6th to 8th September 2023, the book build issue got subscribed 63.72 times. The QIB portion of the public issue received rave response from investors as the issue got subscribed whopping 187.32 times in QIB segment. Now, after closure of suubscription and strong response by investors, bidders are eagerly waiting for Jupiter Hospital IPO allotment date, which is most likely on 13th September 2023 i.e.

equity market benchmarks the Sensex and the Nifty have been in the green in September so far. Both indices are up over 3 per cent this month so far and analysts expect them to hit their all-time highs soon. However, the ongoing rally may not be sustained as the fundamentals are not supportive at this point.

CAMS (Computer Age Management Services) share price has strongly underperformed the equity benchmark Sensex in the last one year but the situation may change now as top brokerage firms believe the stock may see a decent rise from the current levels because of the company's "growing capabilities". In the last one year, the stock has lost nearly a per cent while the Sensex has gained over 11 per cent. The stock witnessed strong traction on Monday.

The BSE Sensex was trading 283 points or 0.43% higher at 66,882. Nifty50 was trading at 19,912, up 92 points or 0.46% at around 9.24 am. From the Sensex pack, HCL Tech, Tata Motors, NTPC, Wipro, and Power Grid opened with gains, while only Infosys, Bharti Airtel, and IndusInd Bank opened with cuts. Among individual stocks, SJVN shares opened over 6% higher after the company signed a power-purchase agreement with Bhakra Beas Management Board for an 18-megawatt solar power project. Adani Enterprises shares also opened 3% higher after the company's subsidiary in Singapore signed a joint venture agreement with Kowa Holding Asia, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. Sector-wise, Nifty PSU Bank rose 1.07% and Nifty Auto surged 0.54%.

Balrampur Chini, Delta Corp, Chambal Fertilizers & Chemicals, Hindustan Copper, The India Cements, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank (PNB) 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. The MWPL for Delta Corp stood at 92.4% on Friday with OI reported by Trendlyne at 15.5 million. It was down 2.8% from the previous session. The MWPL for Chambal Fertlizers stood at 96.5% with OI at 15.6 million.

Indian stock market is set for a muted opening on Monday amid mixed cues from global peers. The NSE IX's GIFT Nifty moved 7.5 points, or 0.04%, muted at 19,930.50. Asian equities were trading lower amid a lack of favourable cues, while the US stock market closed higher on Friday due to the long-term outlook of the domestic economy and as investors await the crucial US inflation statistics anticipated this week.

Day trading guide for today: Despite weak global sentiments, Dalal Street finished higher for six days in a row on Friday. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months. BSE Sensex finished 33 points higher at 66,598 mark whereas Bank Nifty index ended 278 points up at 45,156 levels.

Buy or sell stocks for today: Despite weak trend in global market, Indian indices finished higher for sixth straight session on Friday. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months.

₹4,203 crore worth of Indian equities and infused a total of ₹3,636 crore as of September 8.Wall Street stocks edged higher on Friday, but not by enough to keep Wall Street from closing out its first losing week in the last three amidst worries that the Fed will opt for rate hikes to put a tame on inflation.The Adani Group's promoter firm has recently bolstered its ownership in two of the conglomerate's publicly traded companies as part of its ongoing efforts to rebound from the adverse impact of critical reports.According to stock exchange disclosures made by the promoter group, they have raised their ownership in the flagship company, Adani Enterprises, from 69.87% to 71.93%. These additional shares were acquired through Kempas Trade and Investment Ltd and Infinite Trade and Investment Ltd.In a separate announcement filed with the stock exchange, the promoter group also revealed an uptick in their stake in Adani Ports and Special Economic Zone Ltd, moving from 63.06% to 65.23%.

global cues, Sensex and Nifty gained nearly 2% last week with all sectors participating in the broad-based rally which was backed by strong economic outlook and macroeconomic data such as robust GDP and PMI figures. Nifty is now just 172 points away from the all-time high of 19,992, made on July 20 and analysts are now eyeing 20,000 level this week itself. «In the broad market, mid- and small-cap stocks attracted strong buying interest, even though their valuations were relatively high. Moreover, heightened order inflows made sectors like infrastructure and realty particularly attractive to investors during the week,» said Vinod Nair, Head of Research at Geojit Financial services. Here are top 5 factors that may sway the market mood in the week:

macroeconomic data, crude oil prices, global cues, and more. Despite the US 10-year bond yield surpassing 4.3 per cent, the dollar index reaching above 50, and Brent crude trading at over $90, the Indian market displayed remarkable resilience last week. Frontline indices Sensex and Nifty settled higher for the sixth consecutive session on Friday, despite a cautious global market.

macroeconomic data, while sustained buying by domestic investors and the possibility of a pause in rate hikes by the US Federal Reserve added to the rally, despite a poor monsoon, a strong US dollar, higher bond yields and a surge in crude oil prices. In this week, the Nifty50 gained 1.97 per cent or 384.7 points to close at 19,820, while BSE Sensex added 1.85 per cent or 1,211.75 points to close at 66,598.91.

₹78 lakh. This happened due to wild swing in the premium within few seconds just before the prices became normal. As per the information available on social media platform Channel X, a trader reportedly reportedly punched an order to buy Sensex call option at 67000, which was quoting at a premium of ₹4 to ₹5.

Ratnaveer IPO: After announcement of Ratnaveer IPO allotment status, listing date for the initial public offering (IPO) of Ratnaveer Precision Engineering Ltd has been fixed on 11th September 2023. As per the BSE notice, effective from Monday, September 11, 2023, the equity shares of Ratnaveer Precision Engineering Limited shall be listed and admitted to dealings on the Exchange in the list of 'T' group of securities. Further in terms of SEBI circular No.

Buy or sell stocks: Despite weak trends from global market cues on rising China-US tension, Indian stock market finished higher on sixth day in a row. NSE Nifty gained 92 points and closed at 19,819 levels, registering best week in the last two months. BSE Sensex finished 33 points higher at 66,598 mark whereas Bank Nifty index ended 278 points up at 45,156 levels.