SENSEX Financial News

Agro Phos(up 4.11%), Fertilizers & Chemicals Tranvancore(up 2.70%), G S F C(up 2.47%), Madras Fertlizers(up 1.73%), Rashtriya Chemicals & Fertilizers(up 1.43%), Khaitan Chemicals & Fertilizers(up 1.37%), Gujarat Narmada Valley Fertilizers (up 1.31%), Aries Agro(up 1.14%), National Fertilizer(up 1.14%) and Deepak Fertilizers & Petrochemicals(up 1.06%) were among the top gainers. Nagarjuna Fertilizers & Chem(down 4.92%) and Coromandel International(down 0.32%) were among the top losers. The NSE Nifty50 index was trading 7.65 points up at 19401.25, while the 30-share BSE Sensex was up 12.41 points at 65228.5 at around 10:04AM. HDFC LIFE INSURANCE(up 3.26%), Adani Enterprises(up 2.45%), SBI Life(up 1.87%), NTPC(up 0.91%), Oil & Natural Gas Corporation(up 0.71%), ITC(up 0.69%), Maruti Suzuki(up 0.54%), Axis Bank(up 0.45%), Bajaj Finserv(up 0.33%) and Tata Motors(up 0.31%) were among the top gainers in the Nifty pack. On the other hand, Titan Company Ltd(down 1.1%), Cipla(down 0.71%), Tech Mahindra(down 0.65%), Tata Consultancy(down 0.64%), LTIMindtree Ltd(down 0.61%), Infosys(down 0.48%), Sun Pharmaceutical Industries(down 0.47%), Nestle India(down 0.43%), TATA CONSUMER PRODUCTS(down 0.41%) and Apollo Hospitals Enterprises(down 0.37%) were trading in the red.

Sona BLW Precision Forgings(up 1.4 per cent), Bharat Forge(up 1.03 per cent), Ashok Leyland(up 0.64 per cent), Maruti Suzuki(up 0.49 per cent) and Tata Motors(up 0.47 per cent) were among the top gainers. Samvardhana Motherson International(down 0.42 per cent), TVS Motor Company(down 0.26 per cent), Hero MotoCorp(down 0.12 per cent), Eicher Motors(down 0.11 per cent) and Balkrishna Industries(down 0.08 per cent) were the top losers on the index. The Nifty Auto index was up 0.32 per cent at 15477.45 at the time of writing this report. Benchmark NSE Nifty50 index was up 11.15 points at 19404.75, while the BSE Sensex was up 24.47 points at 65240.56. Among the 50 stocks in the Nifty index, 28 were trading in the green, while 22 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Reliance Power and Suzlon Energy were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Yuken India, Dredging Corp and Vascon Engineer hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, VELS Film Internatio and Lloyds Metals hit fresh 52-week lows in trade.

ICICI Prudential Life Insurance Company Ltd. gained 2.2 per cent to Rs 549.75 at 10:10AM (IST) in Tuesday's trade.

Adani Power Ltd. traded 3.73 per cent up at Rs 337.2 on Tuesday at around 10:00AM (IST), while the benchmark BSE Sensex declined 0.71 points to 65215.38. As many as 1,840,866 shares changed hands on the counter with a total value of Rs 6243.0 crore. The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55. On the technical charts, the 200-DMA of the stock stood at Rs 251.79, while 50-DMA was at Rs 262.94.

Gland Pharma(up 0.89 per cent), Biocon(up 0.37 per cent), Natco Pharma(up 0.36 per cent), Pfizer(up 0.24 per cent) and Dr Reddys Laboratories(up 0.2 per cent) were among the top gainers. Aurobindo Pharma(down 1.37 per cent), Granules India(down 0.94 per cent), Cipla(down 0.63 per cent), Sanofi India(down 0.54 per cent) and Glenmark Pharmaceuticals(down 0.52 per cent) were the top losers on the index. The Nifty Pharma index was down 0.24 per cent at 15296.5 at the time of writing this report. Benchmark NSE Nifty50 index was up 5.85 points at 19399.45, while the BSE Sensex was up 6.56 points at 65222.65. Among the 50 stocks in the Nifty index, 24 were trading in the green, while 26 were in the red. Shares of Vodafone Idea, Trident Ltd, Zomato, Suzlon Energy and Reliance Power were among the most traded shares on the NSE. Shares of NBI Industrial, Hindprakash Industri, Dredging Corp, Yuken India and Mohini Health & Hygi hit their fresh 52-week highs in today's trade, while Jio Financial Servic, ABM International L, Allcargo Terminals, Lloyds Metals and VELS Film Internatio hit fresh 52-week lows in trade.

The S&P BSE Sensex rose more than 260 points while the Nifty50 closed just below 19400 levels on Monday. India VIX was down by 1.48% from 12.14 to 11.96 levels in the previous trading session. Volatility rose above 12.5 during the day and later cooled off and comforted the bulls. On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes. Call writing is seen at 19500 and then towards 19600 strikes while the Put writing is seen at 19350 and then towards 19300 strikes. “Options data suggests a broader trading range in between 19000 to 19600 zones while an immediate trading range in between 19200 to 19500 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bullish candle on the daily frame and closed with gains of around 80 points near 19400 zones,” he said. “Now the index has to hold above 19350 zones, for an up move towards 19480 and 19560 zones whereas supports are placed at 19300 then 19250 zones,” recommended Taparia.We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Ajit Mishra, SVP — Technical Research, Religare Broking Ltd. told ETBureauAxis Bank: Buy| Target Rs 1010| Stop Loss Rs 925Dabur India: Buy| Target Rs 604| Stop Loss Rs 550GAIL India: Buy| Target Rs 123| Stop Loss Rs 110Expert: Kunal Bothra, Market Expert told ETNow J&K Bank: Buy| Target Rs 98| Stop Loss Rs 90Bajaj Finance: Buy| Target Rs 7200| Stop Loss Rs 6950Sona BLW Precision Forging: Buy| Target Rs 615| Stop Loss Rs 575Expert: Nooresh Merani, an independent technical analyst told ETNowIndusInd Bank: Buy| Target Rs

rupee ended at 83.11 a dollar. The US 10-year Treasury yields hit the highest since 2007 on bets that a resilient US economy will push the Federal Reserve to keep interest rates higher for longer. Investors will keep an eye on the Fed Chair Jerome Powell's comments at the Jackson Hole Economic Symposium from August 24 to 26.

Day trading guide for today: On account of rally in metal, power and IT stocks, Dalal Street ended higher on Monday. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels. However, broad market outperformed key benchmark indices.

Adani Enterprises, Adani Power, Paytm, Tata Power, Union Bank of India are among stocks that will be in focus in today's trade.Asian equities ticked higher on Tuesday following the overnight rally in big tech that spurred a rebound in Wall Street stocks, though elevated Treasury yields kept risk sentiment in check.Tokyo stocks opened higher, with the benchmark Nikkei 225 index adding 0.92% in early trade, while the broader Topix index rose 0.71%. Shares advanced in South Korea as well, and Hong Kong stocks opened slightly higher after seven successive losses.Financial stocks may be under pressure after S&P Global Ratings downgraded the ratings of five US lenders on “tough" environment amid higher interest rates.Overnight on the Wall Street, The S&P 500 rose 30.06 points to 4,399.77 for its first gain in five days.

Indian stock market is expected to open on a flat note on Tuesday following gains in Asian peers amid mixed global cues. The Asian markets traded mostly higher, while the US stocks ended mixed overnight, even as the treasury yields soared to 15-year high levels. On Monday, domestic equity indices, Sensex and Nifty ended with decent gains, snapping a two day losing streak.

Also Read: 6 things that changed for market overnight: Gift Nifty, Treasury yields, Arm IPO to global market cues for Sensex today Here’s what to expect from Nifty and Bank Nifty today: The Nifty index exhibited a positive tone as it maintained levels above the crucial support point of 19,250. “A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19,250 mark, there is a potential upward trajectory towards the 19,500 level.

Buy or sell stocks for today: On account of buying in metal, power and IT stocks, Indian stock market ended higher on Monday session. NSE Nifty gained 83 points and ended at 19,393 levels, BSE Sensex surged 267 points and finished at 65,216 mark whereas Bank Nifty index added 150 points and closed at 44,002 levels.

Nifty and the Sensex will sell almost 150 million shares on its imminent exit from benchmark indices. However, analysts said the stock would likely turn attractive once the near-term pricing pressure abates, thanks to its ability to leverage the ₹1 trillion of net worth bestowed in the form of Reliance Industries Ltd (RIL) treasury stock that emanates from the 2002 merger of Reliance Petroleum Ltd with RIL.

Steel Authority of India (SAIL), Metropolis Healthcare Ltd, Chambal Fertilizers and Chemicals, Gujarat Narmada Valley Fertilizers And Chemicals Limited, Delta Corp, Hindustan Copper, India Cements, Indiabulls Housing Finance, Punjab National Bank, Manappuram Finance, and Zee Entertainment Enterprises Ltd are the 11 stocks that are a part of the F&O ban list by the stock exchange for Tuesday. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95 per cent of the market-wide position limit and have been currently put in the ban period by the stock exchange, said NSE.

Jio Financial Services made its official debut on the exchanges, listing at a price slightly higher than its derived price. While the listing was a booster shot, the stock succumbed to selling, largely by passive index funds, who needed to adjust their portfolio ahead of the exit of Jio Financial from Nifty 50 and Sensex. The stock will be removed from the indices on Thursday, provided it does not hit the price band for two consecutive days.

Jio Financial Services (JFSL) will move out of the trade-for-trade segment and be part of the rolling segment, effective September 4, BSE and NSE said via separate circulars. Shares of the demerged entity of Reliance Industries (RIL) were officially listed on the exchanges on Monday at a slight premium to the derived price. On July 20, stock exchanges added Jio Financial to key indices, including the Sensex and Nifty 50, following the demerger of the financial services business Reliance Strategic Investments.

Nifty Midcap 100 topped the 38,100-mark on Monday, August 21, after a rebound in the global market after a significant correction prompted buying in domestic equities, particularly within the IT sector. Domestic benchmark indices Sensex and Nifty50 closed with decent gains on Monday, snapping their two-day losing run, on the back of positive global cues. Sensex ended the session with a gain of 267 points, or 0.41 per cent, at 65,216.09 while the Nifty50 rose 83 points, or 0.43 per cent, to settle at 19,393.60.

lending rate by 10 basis points. However, it surprised analysts by keeping the five-year rate unchanged. Analysts expected both rates to go down by 15 basis points (bps) as China, the world's second-largest economy, is facing problems like falling property prices, less spending, and decreasing credit growth.

lending rate by 10 basis points. However, it surprised analysts by keeping the five-year rate unchanged. Analysts expected both rates to go down by 15 basis points as China, the world's second-largest economy, is facing problems like falling property prices, less spending, and decreasing credit growth.

Kotak Institutional Equities believes investors may have "inflated expectations" from the sector which is highly competitive, and has cyclical nature of the business. The sector is capex-intensive and the profitability of the tyre manufacturers will also depend on commodity prices. Shares of a tyre company JK Tyre have surged over 106 per cent in the last one year.

Varun Beverages Ltd. traded 0.22 per cent up at Rs 901.1 on Monday at around 01:25PM (IST), while the benchmark BSE Sensex advanced 283.53 points to 65232.19. As many as 20,117 shares changed hands on the counter with a total value of Rs 180.0 crore.