SUN Financial News

Benchmark NSE Nifty closed 140.4 points down at 19671.1 amid selling in frontline bluechip counters. However, stocks such as Vaxtex Cotfab, Nakoda Group Of Ind, Xelpmoc Design, Rajesh Exports and TCI Express, touched their fresh 52-week lows.

Domestic benchmark index NSE Nifty ended 140.4 points down at 19671.1, while the BSE Sensex closed 551.07 points down at 65877.02. On the other hand, GKW Ltd, Cinevista Ltd, Signet Ind, IIFL Securities and Sastasundar Ventures stocks hit their fresh 52-week highs today.

Lexus Granito(up 2.11%), Ashapura Minechem(up 1.43%), Orissa Minerals Development Company(up 0.54%) and Sandur Manganese & Iron Ores(up 0.41%) stood among the top gainers. KIOCL(down 8.47%), MOIL(down 5.74%), Gujarat Mineral Dvpt Corporation(down 4.26%), Aro Granite Industries(down 3.52%), Pokarna(down 2.78%), NMDC Ltd(down 2.15%), Madhav Marbles and Granites(down 0.84%) and Coal India(down 0.14%) were among the top losers of the day.

Aditya Birla Sun Life AMC, said, “Our new passive offerings present an opportunity for investors to potentially earn higher returns, gain currency diversity, and access a trusted treasury market. It enables the investor to tap into the unique opportunity arising from a temporary yield curve dislocation in one of the world’s largest debt markets. At ABSLAMC, we always strive to offer innovative solutions that suit our investors' changing needs." The investment objective of the scheme is to generate returns that are in line with the performance of units of ETFs focused on US Treasury Bonds having maturity between 1-3 years.

Shares of Cipla Ltd.(up 3.16 per cent), Dr. Reddy's Laboratories Ltd.(up 2.4 per cent), Sun Pharmaceutical Industries Ltd.(up 1.46 per cent), Gland Pharma Ltd.(up 1.05 per cent) and Natco Pharma Ltd.(up 0.67 per cent) ended the day as top gainers in the pack.

Bajaj Consumer(up 3.91%), Vadilal Industries(up 2.46%), Euro India Fresh Foods(up 1.61%), ADF Foods(up 1.33%), Mrs Bectors Food Specialities(up 0.95%), Marico(up 0.65%), Hatsun Agro Product Ltd(up 0.63%), Emami(up 0.58%), Patanjali Foods(up 0.40%) and Godrej Consumer Products(up 0.23%) stood among the top gainers. Dangee Dums(down 4.61%), Jyothy Labs(down 3.43%), Nakoda Group(down 2.50%), JHS Svendgaard Laboratories(down 2.16%), TATA CONSUMER PRODUCTS(down 1.34%), Dabur India(down 1.16%), Heritage Foods(down 1.00%), Umang Dairies(down 0.91%), Bikaji Foods International(down 0.88%) and Adani Wilmar(down 0.86%) were among the top losers of the day.

Aditya Birla Sun Life Mutual Fund announced the launch of the Aditya Birla Sun Life US Treasury 3-10 Year Bond ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of ETFs focused on US Treasury Bonds having maturity between 3-10 years.

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says he would take a slightly contrary stance and move to the metal side. It is not a sector that everybody likes too much but the metal index has kept coming under pressure because of what has been happening in the dollar and rates but the Indian metal stocks have done much better during this phase despite low commodity prices and that is a positive sign. If we are at the fag end of the rally in the dollar, then it is time for commodity prices to pick up again and the metals pack to start outperforming significantly. I would move into the metal sector.” What is your own assessment? Do you think the dips will be bought into or do you see the slide continuing? It is a slightly tricky situation. We are going to be watching these key levels that I should probably put out. On Bank Nifty, we are going to watch around 43,780 and on the Nifty, around 19,640. If these levels break, then there is a chance that we continue to slip into the red and see the slide continue. But if these levels hold, then the continuation should be on the upside and well, Bank Nifty has actually not moved up much, so in that sense Bank Nifty is coming back to this particular zone almost the third or fourth time since August.

The NSE Nifty index was trading 19.45 points up at 19830.95, while BSE Sensex was up 5.03 points at 66433.12 at the time of writing this report. In the Nifty index, Cipla Ltd.(up 3.43 per cent), Dr.

Nifty stocks that currently exhibit this pattern. But first, let's understand what the Golden Crossover is and why it holds value for investors. The Golden Crossover is a crucial technical indicator that signifies a potential shift in market sentiment, marking the beginning of a bullish trend.

Ashish Kacholia portfolio: Amid Q2 results 2023 underway, retail investors and market observers are busy scanning portfolio of ace investors because it gives them an idea about the stocks on which stock market magnates are bullish upon. For such retail investors who follow portfolio of ace invetors, there is a piece of stock market news. Ace investor of Dalal Street, Ashish Kacholia has raised stake in one of his portfolio stocks despite getting 90 per cent return from this small-cap stock in YTD time.

objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty IT Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme will be achieved.

Biocon’s sales to grow 58% mainly led by the integration of acquired biosimilars operation of Viatris as well as sequential improvement in Fulphila/Semglee penetration in the US. It sees strong 28% growth in research services led by ramp up in CDMO and steady growth in small molecules. The company’s margins may expand 350 bps to 23.8% led by the integration advantage, improving biosimilars sales and improving margins in research services, the brokerage said.

Malaysian energy major Petronas, Indonesia's renewables firm Sun Energy and global commodities company Vitol are in talks to acquire TPG Capital's Rise Fund-backed Fourth Partner Energy, a renewables company that supplies green energy to commercial and industrial establishments, said two sources aware of the development. The majority stake sale is likely to value the company's equity base at around $450-$500 million, the sources said. TPG, which owns close to 50% stake in the business, is looking to completely exit the company through this transaction, the sources added.

The WNBA is competing for viewers during one of the busiest times on the sports calendar and the league is holding its own

exploration missions following the successful Chandrayaan-3 mission. These missions include journeys to planets like Mars and Venus. ISRO Chief S Somanath revealed that the space agency has formulated plans for multiple missions, including the inaugural human spaceflight as part of the Gaganyaan program.

Psyche spacecraft into the sky from NASA’s Kennedy Space Cente on a six-year journey to a rare asteroid, which also goes by the same name Psyche. The asteroid, which orbits the Sun between Mars and Jupiter, is believed to uniquely rich in metals. It is also believed that because of its high metal content, it could be a building block of an early planet. The NASA spacecraft to Psyche mission is big enough to almost cover a tennis court, which it solar arrays are deployed. «Scientists think Psyche may consist of significant amounts of metal from the core of a planetesimal, one of the building blocks of our solar system. The asteroid is most likely a survivor of multiple violent hit-and-run collisions, common when the solar system was forming,» NASA says on its website.

ANI. This mission is expected to reach its destination after a 110-day journey from Earth. Somath in a talk with reporters in Tamil Nadu's Madurai said, “Currently, it takes almost 110 days to travel from Earth to the L1 point.

Indian Space and Research Organisation (ISRO) Chief S Somnath on Sunday said that India's first solar mission, Aditya-L1 spacecraft will reach the Lagrange Point 1 (L1) by mid-January. «It is working very well… Currently, it takes almost 110 days to travel from Earth to the L1 point. So by the middle of January, it will reach the L1 point.

By Alberto Fajardo

solar eclipse painted a scintillating "ring of fire" across North, Central, and South America. While astronomers encouraged everyone to witness this rare event, it was vital to do so safely. Sunglasses were simply not enough to shield one's eyes from the powerful rays of the sun during this celestial show.