SENSEX Financial News

Nifty remained weak for most of the session but late-hour buying helped the index close 62 points higher at 19,633. Also Read: What changed for market overnight: Gift Nifty, RBI policy to global market cues for Sensex today Nifty formed a positive candle on the daily chart with a long lower shadow.

Buy or sell stocks for today: Reversing from morning weakness, Indian stock market ended higher on Wednesday session. NSE Nifty added 61 points and closed at 19,632 levels, BSE Sensex went up 149 points and ended at 65,995 mark whereas Bank Nifty index lost 83 points and closed at 44,880 levels.

Day trading guide for today: Despite mixed Asian stock market trends on China's deflation worries, Indian stock market reversed from morning worries and ended higher on Wednesday. Nifty index added 61 points and finished at 19,632 levels, Sensex gained 149 points and closed at 65,995 mark whereas Bank Nifty index went down 83 points and closed at 44,880 levels.

Axis Bank on Wednesday said it will raise its stake in insurer Max Life to 16.2% from 9.99% by infusing 16.12 billion rupees ($194.6 million) through a preferential allotment of shares.Axis Bank along with its entities acquired a 12.99% stake in Max Life in 2021, and through this new investment, they will own 19.02% in the insurer.Max Financial Services, the holding company of Max Life, will hold about 80.98% in the insurer.The proposed infusion by Axis Bank in Max Life will help it to support its future growth ambitions, Max Financial Services said in a statement.The investment is subject to regulatory approvals and will strengthen the lender's position in the life insurance business, Axis Bank said, adding that Axis Entities would have the right to appoint the chairman. (Reuters)The Finance Ministry has conveyed to the Rajya Sabha that a cumulative sum of over ₹35,000 crore has been amassed by public sector banks and five prominent private banks in India since 2018.

Delta Corp, Balrampur Chini Mills, Hindustan Copper, and Indiabulls Housing Finance are the five stocks that are a part of the F&O ban list by the stock exchange for Thursday. 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.

₹598 crore during Wednesday's session. As per the NSE data, FIIs cumulatively bought ₹9,342.47 crore of Indian equities, while they sold ₹8,698.36 crore --- resulting in an inflow of ₹644.11 crore. Meanwhile, DIIs infused ₹8,041.44 crore and offloaded ₹8,639.32 crore, registering an overall outflow of ₹597.88 crore.

The NSE Nifty index ended the session 61.7 points up at 19632.55, while BSE Sensex rose 149.31 points to 65995.81. In the Nifty index, Dr.

Shares of Mahindra Lifespace Developers(up 1.15 per cent) ended the day as top gainers in the pack. On the other hand, Brigade Enterprises(down 3.82 per cent), Prestige Estates Projects(down 2.51 per cent), Godrej Properties(down 2.15 per cent), Indiabulls Real Estate(down 1.61 per cent) and Oberoi Realty(down 1.59 per cent) finished as the top losers of the day.

Nifty ended higher on August 9, on late-session buying activity just one day before the monetary policy outcome. The three-day meeting of the six members of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) started on August 8 will conclude on Thursday (August 10). Economists believe the RBI will maintain a status quo on rates and stance.

Sensex recovered 550 pts from day’s low to end 149 pts or 0.23% higher at 65,996 in the last leg of trade on Wednesday. Ahead of US inflation data and the Reserve Bank of India's (RBI’s) policy decision due on Thursday, the broader NSE Nifty rose 62 points or 0.32% to end at 19,632.

Nifty ended higher on Wednesday, thanks to late-session buying activity just a day before the monetary policy outcome. The three-day meeting of the six members of the monetary policy committee (MPC) of the Reserve Bank of India (RBI) is underway and it will conclude on Thursday (August 10). Experts believe the RBI will maintain a status quo on rates and stance and the domestic market may not see any significant reaction to the RBI MPC outcome since the market has factored in this status quo.

Moneycontrol, Naik said that he will continue to be associated with the company as chairman of the two information technology (IT) subsidiaries, an advisor to the board, and chairman of the employees’ trust. "I have decided that by 2025, I will give up everything and only run the trust and my two trust social work ventures," Naik said as reported by Moneycontrol. Naik has served the company for more than 58 years.

Shriram Finance Ltd. traded at Rs 1851.7 on BSE at 01:14PM (IST) on Wednesday, down 0.62 per cent from previous close. The stock quoted a 52-week low price of Rs 1147.05 and a high of Rs 1899.9.

Adani Power Ltd. traded 0.49 per cent down at Rs 278.9 on Wednesday at around 12:38PM (IST), while the benchmark BSE Sensex declined 287.8 points to 65558.7. As many as 497,541 shares changed hands on the counter with a total value of Rs 1390.0 crore.

Ashok Leyland Ltd. traded at Rs 183.35 on BSE at 12:28PM (IST) on Wednesday, down 0.17 per cent from previous close. The stock quoted a 52-week low price of Rs 133.1 and a high of Rs 186.45.

The NSE Nifty index traded 74.9 points down at 19495.95, while BSE Sensex was down 292.43 points at 65554.07 as of 11:00AM(IST)on August 09. In the Nifty index, Dr.

On the BSE, Anjani Finance(down 19.98 per cent), Kay Power Ppr(down 12.70 per cent), Goenka Bus. & Fin.(down 12.69 per cent), Tranway Technologies(down 12.31 per cent) and FGP Ltd(down 11.40 per cent) were among the stocks that plunged over 5 per cent during the session.

Phoenix Mills(up 0.4 per cent) and Macrotech Developers(up 0.19 per cent) were among the top gainers. Brigade Enterprises(down 3.13 per cent), Prestige Estates Projects(down 2.55 per cent), Oberoi Realty(down 2.5 per cent), Godrej Properties(down 2.39 per cent) and Indiabulls Real Estate(down 1.83 per cent) were the top losers on the index.

Marico Ltd. traded 0.49 per cent higher in Wednesday's session at 10:35AM (IST).

SRF Ltd. traded 0.46 per cent up at Rs 2287.5 at 10:45AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 316.8 points to 65529.7. The scrip had closed at Rs 2277.15 in the previous session.

Tasty Bite Eatables(up 20.00%), Zydus Wellness(up 4.52%), Emami(up 2.16%), Dodla Dairy(up 1.58%), Dangee Dums(up 1.54%), ADF Foods(up 1.40%), Bikaji Foods International(up 1.38%), Mrs Bectors Food Specialities(up 1.30%), Parag Milk(up 0.99%) and Jyothy Labs(up 0.97%) were among the top gainers. Nakoda Group(down 4.45%), Adani Wilmar(down 3.58%), JHS Svendgaard Laboratories(down 1.94%), Hatsun Agro Product Ltd(down 1.09%), Hindustan Unilever(down 0.80%), P & G Hygiene(down 0.70%), Bajaj Consumer(down 0.34%), Patanjali Foods(down 0.32%), Umang Dairies(down 0.23%) and Colgate Palmolive(India)(down 0.19%) were among the top losers.