SENSEX Financial News

GAIL (India) Ltd. dropped 3.29 per cent to Rs 116.35 at 01:14PM (IST) in Wednesday's trade. The scrip hit a high of Rs 120.55 and low of Rs 115.85 so far during the session.

Shree Cements Ltd. traded at Rs 24015.55 on BSE at 12:33PM (IST) on Wednesday, down 0.32 per cent. The stock quoted a 52-week low price of Rs 20061.65 and a high of Rs 27013.0.

Siemens Ltd. traded 1.24 per cent up at Rs 3843.2 at around 12:18PM (IST) on Wednesday. The stock had closed at Rs 3891.15 in the previous session.

ICICI Lombard General Insurance Company Ltd. traded 1.08 per cent higher in Wednesday's session at 11:37AM (IST).

Shriram Finance Ltd. traded 0.45 per cent lower in Wednesday's session at 11:32AM (IST).

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Indiabulls Real Estate(up 3.65 per cent), Oberoi Realty(up 1.96 per cent), SOBHA(up 1.77 per cent), Phoenix Mills(up 0.79 per cent) and Brigade Enterprises(up 0.7 per cent) were among the top gainers. Mahindra Lifespace Developers(down 0.91 per cent), Macrotech Developers(down 0.37 per cent) and DLF(down 0.1 per cent) were the top losers on the index.

Varun Beverages Ltd. traded 0.77 per cent up at Rs 806.75 at 10:00AM (IST) on Wednesday, even as BSE benchmark Sensex dropped 322.46 points to 66136.85. The stock had settled at Rs 800.6 in the previous session.

GE Power India Limited(up 12.21%), KEC International(up 9.13%), Jyoti Structures(up 4.98%), Reliance Power(up 3.82%), Orient Green Power Company(up 3.24%), RTNPOWER(up 1.92%), Voltamp Transformers(up 1.62%), Hitachi Energy India(up 1.02%), KPI Green Energy(up 0.93%) and CESC(up 0.91%) were among the top gainers. Indo Tech Transformers(down 2.40%), Indowind Energy(down 1.81%), NHPC(down 1.73%), Suzlon Energy(down 1.30%), PTC India(down 1.28%), NTPC(down 1.18%), Tata Power Company(down 1.15%), SJVN(down 1.14%), ADANIGREEN(down 0.83%) and Jaiprakash Power Ventures(down 0.75%) were among the top losers.

“Midcaps operating in niche segments have done well, but considering valuations, we see more value in large caps at this juncture from a 1–2-year perspective,” says Ashutosh Tiwari, Managing Director & Head Institutional Equities at Equirus. In an interview with ETMarkets, Tiwari, said: “Avoid companies trading at high valuations and focus on those delivering good earnings growth and cash flows but trading at reasonable valuations. The margin of safety is more important right now” Edited excerpts:We have seen a dream run on D-St with Sensex hitting 67000 and Nifty50 heading towards the 20,000 marks. Is this too good to be true and we are running ahead of fundamentals? India has seen massive FII inflows from March to till date July of almost US$ 19.2bn vs net outflow of US$ 3.4bn in Jan-Feb and outflow of US$ 18.4bn in CY22.

₹92.85 crore, while DIIs bought securities for a net total of ₹1,035.69 crore.Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of earnings reports from U.S. companies.The mood among US investors stayed low as some analysts commented that the US stock market has moved up too quickly. While inflation has indeed come down since the summer and the economy has remained remarkably resilient, critics say it’s no guarantee inflation will continue to cool at the same rate.Wall Street took a step back from its big rally so far this year, and most stocks fell Tuesday following a mixed set of earnings reports from U.S.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty ended lower during Tuesday’s session on profit-booking select heavyweights, including Reliance Industries, Power Grid, State Bank of India, and ICICI Bank amid mixed global cues. Sensex remained volatile throughout the session and closed 68 points, or 0.10 per cent, lower at 66,459.31 while Nifty closed the day with a loss of 20 points, or 0.10 per cent, at 19,733.55. The BSE Midcpap index underperformed the benchmark Sensex, falling 0.23 per cent.

Piramal Enterprises, Hindustan Copper, and Indiabulls Housing Finance are the tow stocks that are a part of the F&O ban list by the stock exchange for Wednesday. 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.

FIIs) were the net sellers of securities worth of ₹92.85 crore, while domestic institutional investors (DIIs) bought securities for a net total of ₹1,035.69 crore. Domestic equity markets experienced minor losses. The market started positively, but profit booking led to a range bound trading session.

Nifty closed in the red on Tuesday on profit booking in select heavyweights, including Reliance Industries, Power Grid, SBI and ICICI Bank amid mixed global cues. Investors booked some profit in the absence of any fresh trigger.

Jaiprakash Power Ventures(up 9.84%), Orient Green Power Company(up 8.42%), Indo Tech Transformers(up 4.99%), Indowind Energy(up 4.94%), Jyoti Structures(up 4.69%), RTNPOWER(up 4.00%), DPSC(up 3.64%), Power & Instrumentation(Gujarat)(up 3.50%), Reliance Power(up 3.34%) and Tata Power Company(up 3.25%) stood among the top gainers. Power Grid Corporation of India(down 5.36%), Karma Energy(down 3.75%), Adani Transmissions(down 2.04%), Gujarat Industries Power(down 1.46%), Inox wind(down 1.37%), KEC International(down 1.34%), CESC(down 1.28%), GE Power India Limited(down 1.17%), Alstom T&D India(down 0.87%) and Kalpataru Projects International(down 0.71%) were among the top losers of the day.

Reliance Industries, Power Grid, SBI and ICICI Bank amid mixed global cues. Investors booked some profit in the absence of any fresh trigger. The domestic market is trading at a premium valuation.

SBI Cards and Payment Services Ltd. traded 2.06 per cent up at Rs 872.3 on Tuesday at around 01:39PM (IST), while the benchmark BSE Sensex advanced 31.29 points to 66558.96. As many as 24,265 shares changed hands on the counter with a total value of Rs 209.0 crore.

Shriram Finance Ltd. traded at Rs 1855.2 on BSE at 01:49PM (IST) on Tuesday, down 1.94 per cent from previous close. The stock quoted a 52-week low price of Rs 1147.05 and a high of Rs 1899.9.

Bharat Forge Ltd. traded at Rs 933.8 on BSE at 01:14PM (IST) on Tuesday, up 0.28 per cent. The stock quoted a 52-week low price of Rs 677.85 and a high of Rs 937.65.

ACC Ltd. traded at Rs 2006.0 on BSE at 01:19PM (IST) on Tuesday, down 0.52 per cent from previous close. The stock quoted a 52-week low price of Rs 1593.5 and a high of Rs 2784.95.