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Disclaimer: This content has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Benchmark Indices register marginal declines while broader indices show resilience - October 16th, 2023
India’s foreign exchange reserves have witnessed a continuous fall for five consecutive weeks, reaching USD 584.74 billion as of October 16, 2023.
In the recent market session, Indian markets experienced minor setbacks on Monday. The Sensex saw a modest decline of 0.17%, closing just below the 66,200 mark, while the Nifty recorded a 0.1% drop, ending below 19,800. On the other hand, Nifty Midcap reported a 0.21% increase and Nifty Smallcap showed a moderate 0.37% surge.
In terms of sector performance, several segments displayed notable gains. Leading the way was Nifty Metal, followed by Nifty PSU Bank, Nifty Auto, and Nifty Energy as the top-performing sectors. Conversely, Nifty Pharma, Nifty Realty, Nifty Media, and Nifty FMCG faced challenges during the trading session.
Within the Nifty 50 index, significant gains were observed in stocks such as Hero MotoCorp, which surged over 2%, along with JSW Steel, Tata Steel, and Coal India. On the flip side, Divi’s Laboratories, Nestle India, TCS, and IndusInd Bank experienced declines, making them the leading decliners in the index.
Broader market stocks also displayed positive movements. Notable gains were recorded in FACT, NMDC, IIFL, and GNFC, while Adani Power, Gujarat Fluorochem, JB Chemicals and Pharma, and Finolex cables faced losses.
Additionally, India’s foreign exchange reserves have witnessed a continuous decline for five consecutive weeks, reaching USD 584.74 billion as of October 6. This figure represents the lowest level in over five months and reflects a decrease of USD 2.17 billion from the previous week. Over the previous four weeks, the reserves had contracted by nearly USD 12 billion.
Looking at the global perspective, Federal Reserve officials appear inclined to maintain unchanged interest rates for the second consecutive month in their upcoming meeting. However, they are not ruling out the possibility of future tightening measures.
In recent days, policymakers with varying positions on monetary policy have indicated their readiness to delay a rate hike during the October 31 to November 1 meeting, citing the recent upturn in bond yields, which has exerted constraints on financial conditions.
Nonetheless, considering the robust performance of the labour market and signs of a sturdy economy, the Federal Open Market Committee is unlikely to completely abandon the prospect of future rate hikes.
Overall, market sentiment appeared to be optimistic, with 1079 stocks advancing compared to 957 stocks declining, indicating a positive mood in the market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Benchmark indices close higher with Nifty Energy being the top gainer - October 17, 2023
HDFC Bank reported robust financial results for the July-September quarter, with a 50% increase in net profit compared to the previous year.
In the recent market session, Indian markets displayed moderate gains on Tuesday, with the Sensex witnessing a modest surge of 0.39% to close above the 66,400 mark. The Nifty also recorded a 0.4% increase, ending above 19,800. Meanwhile, the Nifty Midcap reported a 0.35% increase, and Nifty Smallcap showed a substantial 0.88% surge.
Nearly all sectors contributed to the positive market performance, with Nifty Energy leading the way, closely followed by Nifty PSU Bank, Nifty Financial Services, and Nifty FMCG, all as top-performing sectors. There were no major underperforming sectors.
Within the Nifty 50 index, significant gains were observed in stocks such as BPCL, which surged by over 2%, alongside Power Grid, SBI Life, and HDFC Life. However, Tata Motors, L&T, UPL, and IndusInd Bank faced declines, positioning them as the leading decliners in the index.
In the broader market, stocks displayed positive movements, with notable gains in FACT, IRFC, MRPL, and Latent View Analytics. In contrast, Emphasis, Dalmia Bharat, Anupam Rasayan India, and GNFC recorded losses.
Furthermore, HDFC Bank reported robust financial results for the July-September quarter, with a 50% increase in net profit compared to the previous year. On a sequential basis, net profit rose by 33.7%, and the bank’s net interest income for the quarter grew by over 30% year-on-year, reaching Rs 27,385 crore.
Overall, market sentiment appeared optimistic, with 1,254 stocks advancing compared to 759 stocks declining, reflecting a positive mood in the market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Indian Markets experience substantial declines with mixed sectoral performance - Oct 18, 2023
Bajaj Finance reported a consolidated net profit of Rs 3,551 crore for the July-September quarter of the current financial year, reflecting a 28% increase from the same quarter of the previous year.
In the most recent market summary, Indian markets faced notable setbacks on Wednesday. The Sensex concluded the day with a dip of 0.83%, slipping below the 66,900 level, while the Nifty saw a decline of 0.71%, closing below the 19,700 level. Additionally, the Nifty Midcap recorded a substantial 0.9% drop, and the Nifty Smallcap posted a more moderate decline of 0.34%.
In terms of sector performance, several segments displayed remarkable upward movement, with Nifty Pharma leading the gains, closely followed by Nifty Auto and Nifty Media. However, a majority of sectors underperformed, with Nifty PSU Bank experiencing the most significant losses, alongside Nifty Financial Services, Nifty Bank, and Nifty Energy, all grappling with challenges during the trading session.
Within the Nifty 50 index, considerable gains were observed in Pharma stocks such as Cipla, Dr Reddy’s Laboratories, Tata Motors, and Sun Pharma. Conversely, Bajaj Finance, Bajaj Finserv, NTPC, and Axis Bank registered declines, positioning them as the top decliners in the index.
Furthermore, stocks in the broader market demonstrated positive movements. Noteworthy gains were recorded in SunTV, Prestige, IRB, and Suzlon Energy, while Syngene, Biocon, Hudco, and Zensar Technologies faced losses.
On October 17, Bajaj Finance reported a consolidated net profit of Rs 3,551 crore for the July-September quarter of the current financial year, reflecting a 28% increase from the same quarter of the previous year. This result, while positive, missed estimates. Bajaj Finance attributed its net profit growth to improved net interest income, increased loan bookings, and enhanced asset quality. Notably, the number of loans booked during the quarter rose by 26% to 8.53 million, up from 6.76 million in the corresponding period of the previous year.
Overall, the market sentiment appeared pessimistic, with approximately 633 stocks advancing compared to 1,402 stocks declining, signifying a prevailing negative market sentiment, exacerbated by global uncertainties.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian Markets Experience subdued performance amidst mixed earnings season - October 20, 2023
On the closing day of this week(16 October - 20 October), the Indian stock markets exhibited a restrained performance, influenced by a mixed earnings season.
On the closing day of the week, the Indian stock markets exhibited a restrained performance, influenced by the mixed earnings season. The Sensex wrapped up the day with a 0.35% decrease, slipping below the 65,400 mark, while the Nifty registered a 0.42% decline, concluding below 19,600. In contrast, Nifty Midcap experienced a substantial 1.13% drop, and Nifty Smallcap declined by 0.79%.
When examining sector performance, most sectors underperformed, with Nifty PSU Bank, Nifty Metal, Nifty Pharma, and Nifty FMCG ranking among the top losers.
Within the Nifty 50 index, noteworthy gains were witnessed in Nifty Bank and Nifty IT, especially with Kotak Bank surging over 1.5%. This was followed by impressive performances from IndusInd Bank, SBI Life, and TCS. On the flip side, ITC experienced a decline of over 2%, and Tata Steel, Divi’s Laboratories, and Hindustan Unilever were the leading decliners in the index.
Furthermore, stocks in the broader market demonstrated positive movements, with CG Power, UBL, Angel One, and MCX recording significant gains. Conversely, IGL, Mphasis, Nmdc Steel, and MGL faced losses.
Federal Reserve Chair Jerome Powell indicated that the US central bank is inclined to maintain interest rates at their current levels during the upcoming meeting while also acknowledging the potential for a future rate hike if signs of resilient economic growth emerge.
Overall, market sentiment leaned slightly towards pessimism, as around 560 stocks advanced while 1,466 stocks recorded declines, reflecting a prevailing negative sentiment in the market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian Markets Experience significant declines with Nifty Smallcap among the top losers - October 23,2023
In Monday’s trading session, the Indian stock markets experienced notable declines, with the Sensex closing the day with a 1.26% decrease, slipping below the 64,600 mark. The Nifty, in a similar vein, registered a 1.34% decline, concluding below the 19,300 level. Broader indices suffered even more substantial losses, with the Nifty Midcap and Nifty Smallcap plunging by 2.66% and 3.59%, respectively.
Assessing sector performance, there were no major sectors showing positive movements. Nifty Media witnessed a sharp drop of over 4%, while Nifty PSU Bank, Nifty Metal, and Nifty Realty were among the top sectors experiencing losses.
Within the Nifty 50 index, notable gains were observed in stocks such as Bajaj Finance and M&M. On the contrary, LTI Mindtree experienced a decline of over 3%, and Adani Enterprises, Hindalco, and Adani Ports were the leading decliners in the index.
In the broader market, certain stocks demonstrated positive movements, with IPCALAB, UBL, CreditACC, and BSE Stock recording significant gains. In contrast, Lauras Labs, Bank of India, SJVN, and Central Bank faced losses.
Additionally, on October 21, ICICI Bank reported a 35.7% year-on-year growth in standalone profit and a 24% rise in net interest income for the July-September quarter of fiscal year 2023-24 (Q2). The bank’s standalone profit reached Rs 10,261 crore for the quarter, rising from Rs 7,557.84 crore in the same period last year.
Overall, market sentiment leaned heavily towards pessimism, with around 137 stocks advancing and 1,930 stocks recording declines, highlighting a prevailing negative sentiment in the broader market.
Closing bell: Indian Markets register substantial declines with Nifty PSU Bank among the top gainers - October 25, 2023.
In the trading session of Wednesday, Indian stock markets witnessed substantial declines.
In the trading session of Wednesday, Indian stock markets witnessed substantial declines, as the Sensex closed the day with a 0.81% decrease, slipping below the 64,100 mark. Similarly, the Nifty registered a 0.83% decline, concluding below the 19,200 level. Broader indices also experienced minor losses, with the Nifty Midcap and Nifty Smallcap both dipping by 0.65% and 0.24%, respectively.
Analyzing sector performance, Nifty PSU Bank and Nifty Metal were the sole sectors showing positive movements. In contrast, Nifty Media saw a significant drop of over 1%, followed by Nifty IT, Nifty Realty, and Nifty Financial Services, which ranked among the top sectors facing losses.
Within the Nifty 50 index, notable gains were observed in stocks such as Coal India, Tata Steel, Hindalco, and Tata Consumer Product. Conversely, Infosys witnessed a decline of over 2%, with Adani Enterprises, Cipla, and Apollo Hospitals leading the decliners within the index.
In the broader market, certain stocks displayed positive movements, with TATAELXSI, FACT, WELSPUNIND, and AMBER recording significant gains. Conversely, RVNL, Mazdock, TANLA, and DATAPATTNS faced losses.
Oil prices remained relatively stable, with indications of reduced U.S. supplies offsetting economic data that raised concerns about the energy demand outlook. Brent crude futures saw a marginal increase of just 2 cents, reaching USD 88.09 per barrel.
Overall, market sentiment leaned heavily toward pessimism, with approximately 536 stocks advancing and 1,510 stocks recording declines, reflecting a prevailing negative sentiment in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Indian Markets close substantially lower amidst higher volatility - October 26, 2023
In Thursday’s trading session, the Indian stock markets experienced substantial declines with Nifty Metal among the top losers.
In Thursday’s trading session, the Indian stock markets experienced substantial declines, with the Sensex closing the day with a 1.41% decrease, falling below the 63,200 mark. Similarly, the Nifty registered a 1.39% decline, concluding below 18,900 level.
Broader indices also registered losses, with the Nifty Mid-cap and Nifty Small-cap both dipping by 1.16% and 0.34%, respectively.
Throughout the day, no major sectors traded positively, while Nifty Metal led the losses with a significant drop of over 1% followed by Nifty Auto, Nifty Financial Services, and Nifty Bank were among the top sectors facing losses.
Noteworthy gains were observed in stocks such as Axis Bank, ITC, HCL Technologies, and Adani Ports within the Nifty 50 index. In contrast, M&M witnessed a decline of over 4%, with Bajaj Finance, UPL, and Asian Paints leading the decliners in the index.
In the broader market, some stocks displayed positive movements, with JSWENERGY, SONACOMS, SONATASOFTW, and ANGELONE recording significant gains. Conversely, PAYTM, JUBLFOOD, WELSPUNIND, and CAMS faced losses.
Private sector lender Axis Bank reported a net profit of Rs 5,864 crore for the July-September FY24 quarter, surpassing market estimates. The net interest income (NII) was also higher than expected, at Rs 12,315 crore.
Overall, the market sentiment was predominantly pessimistic, with approximately 754 advancing stocks and 1,262 declining stocks, indicating a negative sentiment in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian Markets close substantially higher with Nifty Small-cap leading the way - 27 October
In the Friday market session, the Indian stock markets displayed significant gains. The Sensex closed the day with a substantial 1.01% increase, surpassing the 63,700 mark, while the Nifty registered a strong 1.01% surge, concluding above the 19,000 level.
The broader indices also experienced notable gains, with the Nifty Mid-cap and Nifty Small-cap both surging by 1.54% and 2.01%, respectively.
Throughout the trading day, all major sectors exhibited positive trends, with Nifty PSU Bank leading the way with an impressive 4% surge, followed by Nifty Media, Nifty Realty, and Nifty Energy.
Significant gains were evident in individual stocks, including Axis Bank, which rose by over 3%, along with HCL Technologies, Coal India, and Adani Enterprises within the Nifty 50 index. In contrast, Dr Reddy’s Laboratories, UPL, SBI Life, and Asian Paints were among the top decliners in the index.
In the broader market, several stocks displayed positive movements, with MAZDOCK, ADANIPOWER, WELSPUNIND, and IOB recording substantial gains. Conversely, PRESTIGE, IGL, APARINDS, and INTELLECT faced losses.
On the commodity front, oil prices rebounded on Friday, recovering from a previous drop of more than USD 2 per barrel. This recovery was attributed to receding concerns about an expanded conflict in the Middle East and signs of reduced demand from the United States, the world’s largest oil consumer. Brent crude futures increased by 45 cents, equivalent to 0.5%, reaching USD 88.38 per barrel.
Overall, market sentiment remained predominantly optimistic, with approximately 1,684 advancing stocks and 338 declining stocks, reflecting a positive outlook in the broader market.
Indian markets close moderately higher with Nifty Realty among the top gainers - October 30, 2023
In Monday’s session, the Indian stock markets posted moderate gains, with the Sensex rising by 0.52% to surpass the 64,100 mark, and the Nifty registering a 0.49% surge to close above 19,100.
The Indian stock markets posted moderate gains today, with the Sensex rising by 0.52% to surpass the 64,100 mark, and the Nifty registering a 0.49% surge to close above 19,100. The broader indices, including the Nifty Mid-cap and Nifty Small-cap, also saw slight gains, increasing by 0.09% and 0.15%, respectively.
Positive trends were observed across major sectors throughout the trading day, with Nifty Realty leading the way with a substantial 2% surge. Other sectors, including Nifty Energy, Nifty Bank, and Nifty Financial Services, also performed well.
Individual stocks made significant moves, with BPCL showing a remarkable increase of over 3%, along with Ultratech Cement, ONGC, and Reliance within the Nifty 50 index. Conversely, UPL, Tata Motors, Maruti Suzuki India, and Axis Bank were among the top decliners in the index.
In the broader market, several stocks displayed positive movements, including Vodafone Idea, PB Fintech Ltd, Finolex Cables, and Mangalore Refinery and Petrochemicals, which recorded substantial gains. However, M&M Financial Services, Petronet LNG, AAVAS Financiers, and Indiamart Intermesh faced losses.
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 20,300 crore from Indian equities this month, primarily due to a sharp surge in the US treasury yield and the uncertainty resulting from the Israel-Hamas conflict. Interestingly, FPI activity in the Indian debt market has seen an infusion of Rs 6,080 crore during the same period.
Overall, market sentiment remained predominantly optimistic, with around 1033 advancing stocks and 988 declining stocks, reflecting a positive outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian markets close moderately lower with Nifty Realty among the top gainers
On Wednesday, the Indian stock markets encountered modest setbacks, as the Sensex recorded a 0.44% decline, closing below the 63,600 mark, and the Nifty experienced a 0.47% drop, settling below the 19,000 level.
On Wednesday, the Indian stock markets encountered modest setbacks, as the Sensex recorded a 0.44% decline, closing below the 63,600 mark, and the Nifty experienced a 0.47% drop, settling below the 19,000 level. The broader indices, including the Nifty Mid-cap and Nifty Small-cap, also registered losses of 0.26% and 0.07%, respectively.
Despite the overall downward trend, certain sectors displayed positive momentum during the trading day. Notably, Nifty Realty took the lead with a substantial 1.5% surge, followed by Nifty Media and Nifty Pharma, while Nifty Metal, Nifty IT, and Nifty Auto found themselves among the day’s top losers.
Within the individual stock landscape, there were notable movements. Sun Pharma stood out with a remarkable gain of over 2.5%, along with BPCL, Hindalco, and Bajaj Auto within the Nifty 50 index. Conversely, Adani Enterprises, Coal India, SBI Life, and Asian Paints faced declines in the index.
In the broader market, several stocks exhibited positive performances, including Vodafone Idea, Indus Towers Ltd, Birlasoft, and Granules, all of which recorded substantial gains. However, Max Financial Services, Petronet LNG, Natco Pharma, and Indiamart Intermesh faced losses.
Furthermore, on October 31, India increased the windfall tax on petroleum crude to Rs 9,800/ton from Rs 9,050/ton, effective from November 1, as per a government notification. The windfall tax on aviation turbine fuel was reduced to nil from 1 rupee per litre, and diesel’s tax was lowered to Rs 2/litre from Rs 4/litre, according to the notification.
These changes were influenced by crude oil prices, which were trading around USD 85 per barrel due to supply constraints and geopolitical tensions. In the preceding fortnightly review on October 17, the government had decreased the special additional excise duty (SAED) on crude petroleum to Rs 9,050/ton, effective from October 18.
In summary, the prevailing market sentiment leaned towards pessimism, with approximately 737 advancing stocks compared to 1,267 declining stocks, signifying a negative outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian markets close higher with Nifty Midcap among the top gainers!
On Thursday, the benchmark indices wrapped up the trading session on a positive note. The Sensex marked a remarkable gain of 0.77%, closing above the 64,000 level, while the Nifty surged by 0.76%, closing above the 19,100 level. Simultaneously, the broader indices, including the Nifty Midcap and Nifty Smallcap, also closed with substantial increases of 1.39% and 1.34%, respectively.
The top-performing sectors of the day included Nifty Realty, Nifty PSU Bank, Nifty Metal, and Nifty Energy, with no major sectors underperforming.
Individual stock movements were significant, with Britannia leading the gainers with an impressive surge of over 2.5%. Indusind Bank, Hindalco, and Apollo Hospitals within the Nifty 50 index also posted notable gains. In contrast, Hero Motocorp, Tech Mahindra, Bajaj Auto, and Bajaj Finance faced declines in the index.
In the broader market, several stocks exhibited positive performances, with Vodafone Idea, Rec Ltd, Triveni Turbine Ltd, and Krbl Ltd recording substantial gains. However, Gland Pharma, Fact, Deepak Fertilizers, and Jbm Auto faced losses.
Notably, the government’s Goods and Services Tax (GST) collections saw a robust 13% year-on-year increase in October, reaching Rs 1.72 lakh crore, marking the second-highest revenue collection ever.
Check: GST Collection in October 2023
The broader market sentiment remained optimistic, with approximately 1,438 advancing stocks compared to 589 declining stocks, underscoring a favourable outlook in the broader market.
Indian markets close higher with Nifty Smallcap leading the gains: November 1, 2023
In a recap of Friday’s market action, the benchmark indices concluded the trading session on a positive note.
In a recap of Friday’s market action, the benchmark indices concluded the trading session on a positive note. The Sensex made a moderate gain of 0.44%, closing above the 64,300 level, while the Nifty surged by 0.51%, closing above the 19,200 level. Simultaneously, the broader indices, including the Nifty Midcap and Nifty Smallcap, also closed with substantial increases of 0.7% and 1.21%, respectively.
The top-performing sectors of the day encompassed Nifty Realty surging over 2.5% followed by Nifty Media, Nifty Bank, and Nifty IT, with no major sectors underperforming.
Notable individual stock movements included Apollo Hospitals leading the gainers with an impressive surge of over 5%. Adani Ports, Eicher Motors, and LTIMindtree within the Nifty 50 index also posted notable gains, while Bajaj Finserv, Dr Reddy’s Laboratories, SBI Life, and Indusind Bank faced declines.
In the broader market, several stocks exhibited positive performances, with Dr Lal Path Labs, L&T Finance Holdings, JK Laksmi Cement, and Amber Enterprises recording substantial gains. However, MRF, One 97 Communications, Kec International, and Aegis Logistics faced losses.
Moreover, oil prices experienced a 1% surge on Thursday, halting a three-day decline, as renewed risk appetite returned to the financial markets following the US Federal Reserve’s decision to maintain its benchmark interest rates. Brent crude futures rose by USD 1.77, or 2.1%, reaching USD 86.43 per barrel.
Check out: Oil Prices Rise Despite US Crude Stock Increases and Fed Rate Hold - #3
This increase in oil prices correlated with the broader rally in financial assets triggered by the Fed’s decision to keep its benchmark interest rate steady within the range of 5.25% to 5.50% during its recent meeting on Wednesday.
The broader market sentiment remained optimistic, with approximately 1,319 advancing stocks compared to 687 declining stocks, underscoring a favourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Indian markets close higher with Nifty Metal among the top gainers | November 6, 2023!
Description: In a recap of Monday’s market performance, the benchmark indices concluded the trading session on a positive note.
In a recap of Monday’s market performance, the benchmark indices concluded the trading session on a positive note. The Sensex recorded a modest gain of 0.92 per cent, closing above the 64,900 level, while the Nifty surged by 0.94 per cent, closing above the 19,400 level. Concurrently, the broader indices, encompassing the Nifty Midcap and Nifty Smallcap, also ended the day with substantial increases of 0.88 per cent and 1.39 per cent, respectively.
The top-performing sectors of the day included Nifty Metal, which surged by over 1 per cent, followed by Nifty Energy, Nifty Pharma, and Nifty Realty, with Nifty PSU Bank being the sole sector underperforming.
Individual stock movements featured Divis Laboratories leading the gainers with a remarkable surge of over 4 per cent within the Nifty 50 index, followed by Hero Motocorp, Eicher Motors, and L&T, while SBI, Hindustan Unilever, Titan, and Tata Motors faced declines.
In the broader market, several stocks exhibited positive performances, with Deepak Nitrite, FSN E commerce Ventures, Amber Enterprises, and Metropolis Healthcare recording substantial gains. However, Zee Entertainment Ltd, One 97 Communications, Angel One and Triveni Turbine encountered losses.
The selling spree by Foreign Portfolio Investors (FPIs) continued, as they withdrew over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November. This trend is attributed to rising interest rates and geopolitical tensions in the Middle East, following withdrawals of Rs 24,548 crore in October and Rs 14,767 crore in September.
The broader market sentiment remained optimistic, with approximately 1,419 advancing stocks compared to 617 declining stocks, emphasizing a favourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
7 November, 2023: Indian markets close lower with Nifty Pharma among the top gainers!
On Tuesday, the benchmark indices concluded the trading session with a slight negative tone. Both the Sensex and Nifty witnessed a modest decline of 0.3% each, closing just below the levels of 65,000 and 19,500, respectively. In contrast, the broader indices, which encompass the Nifty Midcap and Nifty Smallcap, wrapped up the day with modest increases of 0.28% and 0.75%, respectively.
Sectoral performance exhibited noteworthy trends, with Nifty Pharma leading the gainers, surging by over 1%. Following closely were Nifty PSU Bank, Nifty Bank, and Nifty Energy. However, Nifty Realty, Nifty Media, and Nifty Auto saw declines.
Within the individual stock landscape, Sun Pharma stood out as the top gainer in the Nifty 50 index, with a remarkable surge of over 1.5%. It was followed by BPCL, NTPC, and Dr Reddy’s Laboratories. Conversely, Hero Motocorp, Bajaj Finance, Coal India, and JSW Steel faced declines.
In the broader market, several stocks showcased positive performances, with Hindustan Petroleum Corp, Alkem Laboratories, Jyothy Labs, and BSE recording substantial gains. However, Godrej Properties, Oberoi Realty, Kec International, and Angel One encountered losses.
The oil market experienced a slight uptick on Monday, driven by the commitment of top oil exporters Saudi Arabia and Russia to extend voluntary oil output cuts until the end of the year. Meanwhile, investors remained watchful regarding potential U.S. sanctions on Iranian oil. Brent crude futures increased by 41 cents, or 0.5%, reaching USD 85.30 a barrel.
The broader market sentiment remained optimistic, with approximately 1,082 advancing stocks compared to 946 declining stocks, emphasizing a favorable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Indian markets close higher with Nifty Realty among the top gainers!
On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.
On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note, with the Sensex closing 0.05% higher above the 64,900 level, and the Nifty concluding higher by 0.19% above the 19,400 level. Similarly, the broader indices, including the Nifty Midcap and Nifty Smallcap, saw significant increases of 0.99% and 0.7%, respectively.
Sectoral performance exhibited notable trends, with Nifty Realty leading the gainers, surging by over 1.5%. Following closely were Nifty Pharma, Nifty Metal, and Nifty FMCG. However, Nifty Financial Services, Nifty IT, Nifty Bank, and Nifty Media witnessed declines.
Within the realm of individual stocks, BPCL emerged as the top gainer, with an impressive surge of over 3%, followed by Adani Ports, Asian Paints, and Cipla. Conversely, ICICI Bank, NTPC, Infosys, and Tech Mahindra were among the top losers within the Nifty 50.
In the broader market, several stocks displayed positive performances, with Hindustan Petroleum Corp, Poonawalla Fincorp, NLC India Ltd, and Angel One recording substantial gains. However, Bhel, Bharat Forge, Easy Trip Planners, and Affle (India) faced declines.
On Tuesday, oil prices reached new lows not seen in 2½ months, with mixed economic data from China countering the effects of Saudi Arabia and Russia extending output cuts. Brent crude futures experienced a significant decline of USD 2.64, equivalent to 3.11%, reaching USD 82.53 per barrel.
The broader market sentiment remained optimistic, with approximately 1,126 advancing stocks compared to 900 declining stocks, underscoring a favourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Indian markets closed on a lower note with Nifty Realty among the top gainers - 9 November, 2023!
On Thursday, the Indian benchmark indices concluded the trading session on a negative trajectory.
On Thursday, the Indian benchmark indices concluded the trading session on a negative trajectory, witnessing the Sensex closing 0.22% lower below the 64,900 level and the Nifty finishing down by 0.25% below the 19,400 level. The broader market painted a mixed picture with Nifty Midcap registering a 0.22% increase and Nifty Smallcap recording a 0.24% decline.
Sectoral dynamics showcased significant movements, with Nifty Realty leading the gainers with an impressive surge of over 1%. Notable performers also included Nifty Auto and Nifty Bank. Conversely, sectors like Nifty FMCG, Nifty IT, Nifty Metal, and Nifty Energy experienced declines.
Individual stock movements featured M&M as the top gainer, boasting a remarkable surge of over 4%, followed by Apollo Hospitals, Coal India, and Power Grid. On the flip side, Adani Enterprises, Hindustan Unilever, Adani Ports, and Tata Consumer found themselves among the top losers within the Nifty 50.
In the broader market landscape, several stocks showcased positive performances, with Power Fin Corp, Prestige Estate, Aegis Logistics Ltd, and Metropolis Healthcare recording substantial gains. However, Tube Invest of India, Deepak Nitrite, Krbl Ltd, and Amber Enterprises faced declines.
Oil prices continued their downward trajectory on Wednesday, extending the decline to the lowest level in over three months. Concerns over weakening demand in the United States and China contributed to this decline. Brent crude futures experienced a decrease of 54 cents, reaching USD 81.07 per barrel. Simultaneously, the Dollar index registered a 0.06 percent increase in futures, reaching 105.61, and the value of one dollar remained around Rs 83.24.
The broader market sentiment remained pessimistic, with approximately 770 advancing stocks compared to 1246 declining stocks, indicating an unfavourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: Indian markets closed on a higher note with Nifty Energy among the top gainers - 10 November, 2023!
On Friday, the Indian benchmark indices concluded the trading session on a positive trajectory.
The week concluded on a positive note for the Indian benchmark indices, with the Sensex and Nifty both closing higher. The Sensex recorded a 0.11% gain, securing its position above the 64,900 level, while the Nifty ended the day 0.15% higher, surpassing the 19,400 level. Furthermore, the broader market displayed a positive trend, with Nifty Midcap and Nifty Smallcap both registering a 0.48% and 0.47% increase.
Sectoral performance showcased significant movements, with Nifty Energy leading the gainers, closely followed by Nifty Metal, Nifty Financial Services, and Nifty Bank. However, sectors such as Nifty Media, Nifty IT, and Nifty Auto experienced declines.
Individual stock movements were notable, with NTPC emerging as the top gainer, boasting a remarkable surge of over 2%. ONGC, Tech Mahindra, and Tata Consumer Product also delivered strong performances. On the flip side, Hero Motocorp, M&M, HCL Technologies, and Titan found themselves among the top losers within the Nifty 50.
In the broader market landscape, several stocks showcased positive performances, with Fortis Healthcare Ltd, KPIT Technologies, MCX, and Global Health recording substantial gains. However, Zee Entertainment, Piramal Enterprises, Data Patterns, and Amber Enterprises faced declines.
The equity market continued to attract investors in October, as data from the Association of Mutual Funds of India (AMFI) indicated increased net flows across all categories of equity funds. Notably, small-cap mutual fund schemes received substantial inflows, totalling Rs 4,495 crore in October 2023, up from Rs 2,678 crore in the previous month.
Overall, equity funds received inflows worth Rs 19,957 crore, a significant increase from September’s Rs 14,091 crore. October marked the third-highest monthly inflow into equity funds in 2023, and the fourth consecutive month where all equity fund categories recorded positive net inflows.
The broader market sentiment remained optimistic, with approximately 1029 advancing stocks compared to 978 declining stocks, underscoring a favourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: November 13, 2023 - Benchmark indices close lower with Nifty PSU Bank among the top gainers!
On Monday, the Indian benchmark indices wrapped up the trading session on a downward trend.
On Monday, the Indian benchmark indices wrapped up the trading session on a downward trend, with the Sensex closing 0.5% lower, slipping below the 65,000 mark, while the Nifty concluded down by 0.42%, settling below 19,500. In contrast, the broader market, including the Nifty Midcap and Nifty Smallcap, recorded gains of 0.07% and 0.68%, respectively.
Sectoral dynamics saw significant movements, with Nifty PSU Bank leading the gainers with an impressive surge of over 2.5%. Notable performers also included Nifty Energy and Nifty Metal. However, sectors like Nifty Financial Services, Nifty IT, and Nifty Media experienced declines.
Among individual stock movements, Coal India emerged as the top gainer, with a remarkable surge of over 5%, followed by Eicher Motors and Hindalco. On the flip side, SBI Life, Bajaj Finance, and Infosys found themselves among the top losers within the Nifty 50.
In the broader market landscape, several stocks delivered positive performances, with Union Bank, Indian Bank, BSE, and Hindustan Copper recording substantial gains. On the other hand, Page Industries, Prestige Estate, Glenmark Pharmaceuticals, and Global Health faced declines.
On the auspicious occasion of Diwali, during the Muhurat trading session on Sunday evening, Dalal Street witnessed a surge in buyers, leading to a surge in benchmark indices, albeit with lower trading volume. The BSE Sensex climbed 354.77 points (0.55%) to 65,259.45, and the NSE Nifty 50 rose by 100.20 points (0.52%) to 19,525.55.
Additionally, broader markets outperformed, with the Nifty Smallcap 100 gaining 1.14%, the Nifty Midcap rising 0.61%, and the Nifty 500, increasing by 0.61%.
The broader market sentiment exhibited a degree of pessimism, with approximately 762 advancing stocks compared to 1,276 declining stocks, suggesting a less favourable outlook in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Closing bell: 15 November, 2023: Benchmark indices close higher with Nifty Realty among the top gainers!
On Wednesday, the Indian benchmark indices wrapped up the trading session on a positive note.
On Wednesday, Indian benchmark indices witnessed a bullish trend, with the Sensex climbing 1.14%, surpassing the 65,600 mark, and the Nifty rising 1.19%, closing above 19,600. The broader market mirrored this enthusiasm, as Nifty Midcap and Nifty Smallcap notched up gains of 0.96% and 1.32%, respectively.
In the sectoral arena, Nifty Realty stole the spotlight, leading gainers with an impressive surge of over 2.5%. Nifty IT and Nifty Metal also contributed to the positive momentum.
Eicher Motors took the lead among individual stocks, experiencing a remarkable surge of over 5%, followed by Tech Mahindra and Hindalco. Conversely, Bajaj Finance, Indusind Bank, and Power Grid were among the top losers within the Nifty 50.
In the broader market scene, several stocks posted positive performances, with Oberoi Realty, Mphasis, Angel One, and Manappuram Finance recording substantial gains. On the flip side, Nmdc, Fortis Healthcare, Natco Pharma, and Creditaccess Grameen faced declines.
Oil prices strengthened on Tuesday, buoyed by the International Energy Agency’s upward revision of demand growth forecasts, coupled with positive signals from OPEC and a U.S. inflation slowdown. Brent crude contracts for January rose by USD 1.06, or 1.28%, reaching USD 83.58 a barrel.
The broader market sentiment suggests an optimistic trend, with 1293 advancing stocks compared to 736 declining stocks, signalling an overall positive sentiment in the broader market.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.