SENSEX Financial News

While consolidation at the level of Nifty and Sensex is taking place, bulls are taking control of more sectors. Even the internal breadth of sectoral indices are on the positive side on most of the day.

Havells India Ltd. traded 0.63 per cent lower in Tuesday's session at 01:03PM (IST).

ICICI Lombard General Insurance Company Ltd. dropped 1.33 per cent to Rs 1363.5 at 12:38PM (IST) in Tuesday's trade. The counter has hit a high of Rs 1389.9 and low of Rs 1356.7 so far during the session.

DCM Shriram Industries(up 3.42%), Dwarikesh Sugar Industries(up 1.25%), Triveni Engineering & Industries(up 0.98%), BAJAJHIND(up 0.93%), Dhampur Sugar Mills(up 0.87%), Kothari Sugars & Chemicals(up 0.56%), Bannari Amman Sugars(up 0.54%), Rana Sugars(up 0.43%), Vishwaraj Sugar Industries(up 0.31%) and Balrampur Chini Mills(up 0.26%) were among the top gainers. Uttam Sugar Mills(down 1.18%), Ugar Sugar Works(down 1.04%), Dalmia Bharat Sugar & Industries(down 0.95%), EID Parry(down 0.76%), Ponni Sugars(Erode)(down 0.59%), AVADHSUGAR(down 0.59%), MAGADHSUGAR(down 0.33%), Simbhaoli Sugars(down 0.21%) and K.M.Sugar Mills(down 0.19%) were among the top losers.

Macrotech Developers(up 0.72 per cent) were among the top gainers. DLF(down 3.7 per cent), Oberoi Realty(down 2.57 per cent), Godrej Properties(down 2.53 per cent), SOBHA(down 2.23 per cent) and Mahindra Lifespace Developers(down 1.61 per cent) were the top losers on the index.

Domestic benchmark index NSE Nifty fell 31.7 points to 19722.1, while the BSE Sensex traded 89.47 points down at 66438.2. On the other hand, Jeena Sikho Lifecare, Orient Green Pwr, KIOCL, Dilip Buildcon and IFGL Refractories stocks hit their fresh 52-week highs today.

Vedanta Ltd. rose 0.15 per cent to Rs 276.5 at 10:50AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

Bandhan Bank(up 1.84 per cent), IDFCBANK(up 1.43 per cent), HDFC Bank(up 0.39 per cent), Punjab National Bank(up 0.16 per cent) and ICICI Bank(up 0.05 per cent) were among the top gainers. IndusInd Bank(down 0.52 per cent), AU Small Finance Bank(down 0.35 per cent), Federal Bank(down 0.22 per cent), State Bank of India(down 0.19 per cent) and Bank of Baroda(down 0.17 per cent) were the top losers on the index.

Benchmark NSE Nifty index rose 35.4 points to 19789.2 amid buying in frontline bluechip stocks. However, stocks such as SMVD Poly Pack, Advitiya Trade India, Jalan Transolutions, Viji Finance and UPL, touched their fresh 52-week low.

Ipca Laboratories(up 2.0 per cent), Laurus(up 1.15 per cent), Zydus Lifesciences(up 1.14 per cent), Dr Reddys Laboratories(up 1.08 per cent) and Divis Laboratories(up 0.8 per cent) were among the top gainers. Natco Pharma(down 0.84 per cent), Abbott India(down 0.12 per cent) and Glenmark Pharmaceuticals(down 0.04 per cent) were the top losers on the index.

The BSE Sensex was trading 82 points or 0.12% higher at 66,610. Nifty50 was trading at 19,771, up 17 points or 0.09% at around 9.20 am.

Crude oil prices rose to a fresh three-month high on signs of tightening global supply and rising demand through the rest of this year. Brent crude futures gained 0.67% to $85.56 per barrel, while US West Texas Intermediate crude futures fell 0.29% to $81.56.

The Sensex climbed 367 points to settle at 66,527, while the broader Nifty jumped 107 points to end at 19,753. Stocks that were in focus include names like Nazara Tech, which rose 4.66%, Ujjivan SFB, which gained 8.92%, and SBI Card, whose shares fell 0.14% on Monday.Here's what Riches Vanara, Technical And Derivatives Analyst at StoxBox, recommends investors should do with these stocks when the market resumes trading today:Nazara Tech On the weekly chart the stock is making a rounding bottom pattern and a decisive close above 740 level will confirm the pattern breakout.

MUMBAI — The strong inflows into midcap and smallcap funds drove the outperformance of the broader market in the recent months, but the risk-reward doesn’t seem too favourable at the current juncture, according to Mayur Patel, fund manager — listed equity, 360 ONE Asset. It’s worth noting that the price-to-book valuation discount of the midcap and smallcap Indices compared to largecap indices, have significantly narrowed, he said.

“The core part of your portfolio should make up for the majority of your portfolio. The mix of core and satellite depends totally on your risk appetite,” says Srikanth Subramanian, CEO, Kotak Cherry. In an interview with ETMarkets, Subramanian said: “We have seen a fair amount of sector rotation in the markets where almost every sector has contributed to markets attaining new highs” Edited excerpts:Market are climbing new peak every day with Sensex at 66000 while Nifty50 is above 19500 levels – is the market running ahead of fundamentals? Markets have surpassed the 19800 mark and are trending higher. On one-year forward EPS levels, Nifty50 is now trading above 20 price-to-earnings (PE) levels.

Day trading guide for today: After falling for two straight session, Indian stock market ended higher on Monday following positive. Taking cue from positive global market trends, NSE Nifty ended 107 points higher at 19,753 levels, BSE Sensex surged 367 points and closed 66,527 while Bank Nifty gained 183 points and closed at 45,651 levels. Broad market outperformed key benchmark indices as both small-cap and mid-cap indices climbed to a new peak on Monday session.

₹701.17 crore on Monday, while DIIs bought securities for a net total of ₹2,488.07 crore.Auto shares will be under lens today as companies will declare their monthly sales figures, Market participants will also be closely observing the upcoming release of the US manufacturing Purchasing Manager's Index (PMI) data, US services PMI data as well as US non-farm payrolls scheduled between August 1 and August 4.Wall Street and global stocks edged up on Monday as traders looked ahead to corporate earnings and a key employment report due this week.The central government has more than doubled the windfall profit tax on the production of crude oil with effect from 1 August, showed an official order.The tax, levied in the form of special additional excise duty has been raised from Rs. 1600 a tonne to Rs.

Buy or sell stocks for today: Following strong global market sentiments, Indian stock market resumed uptrend after falling for two straight sessions. NSE Nifty gained 107 points and closed at 19,753 levels, BSE Sensex went up 367 points and closed at 66,527 mark whereas Bank Nifty finished 183 points higher at 45,651 levels.

₹701.17 crore in the Indian markets on Monday. “While FIIs remained net buyers of Indian equities in July, overseas fund flows could be choppy this week as a depreciating currency against the dollar after the Fed’s interest rate hike by 25 bps can prompt them to offload their holdings in local equities," said Shrikant Chouhan, head of research, retail, Kotak Securities Ltd. Moreover, the Fed‘s indication of an additional rate hike amid the uncertain inflation trends may influence global investor sentiments, that may lead to fund outflow from emerging markets while bolstering investments in secure US bonds, said Chouhan In fact, FPIs had started curtailing positions a few days prior to the rate hike in anticipation of the Fed’s move, said analysts.

₹701.17 crore, while domestic institutional investors (DIIs) bought securities for a net total of ₹2,488.07 crore. FIIs purchased shares worth a net of 13,922.01 crore rupees for the month up to July 31, while DIIs sold shares worth a net of 1,184.33 crore rupees. Whereas, the India's foreign exchange reserves fell by $1.9 billion for the week ended July 21 to $607.03 billion, according to Reserve Bank of India figures released on Friday.

NEW DELHI : The aggregate holdings of retail investors in stocks listed on the National Stock Exchange rose to a record high of ₹22.1 trillion as of June 2023, a Mint analysis of data sourced from primeinfobase.com showed. The analysis covered 1,910 companies that had retail shareholders as of 30 June 2023 and whose latest data is available. The value of retail holdings in these companies has risen nearly 15% since 31 March, while it has jumped 23% from a year ago.