Nse nifty

The Nifty50 extended losses for the second consecutive session on September 15, dragged by technology, pharma, select banking & financial services and FMCG stocks. The index witnessed a formation of the bearish candle on the daily charts and closed below the psychological 18,000-mark on the weekly expiry day. The index has made an attempt for the third straight session to surpass 18,100 but failed. Hence, 18,000-18,100 is expected to be a crucial area to watch going ahead and if the index decisively surpasses the same then a march towards record high levels is highly likely, with crucial supports at 17,700 & 17,500 levels, experts said. The broader markets fared much better than the 50-share benchmark index as the Nifty Midcap 100 gained 0.4 percent and Smallcap 100 index ended flat. The breadth was slightly tilted towards losers as about 1,122 shares declined against 855 advancing shares on the NSE. The Nifty50 started off the day higher at 18,046 and climbed up to … [Read more...] about Technical View | Nifty forms bearish candle, fresh round of selling likely if index breaks 17,800

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The National Stock Exchange has added two more stocks to its F&O ban list for September 20 after the scrips crossed 95 percent of the market-wide position limit. Delta Corp and Escorts Kubota are the latest to be added to the list. Both traded in opposite direction on September 19 with Delta Corp falling 4.6 percent and Escorts rising 8 percent. Escorts Kubota was the third biggest gainer in the futures & options segment, rising 8 percent to end at a record closing high of Rs 2,086 on Monday and formed large bullish candle which resembles Bullish Engulfing kind of pattern formation on the daily charts. Also it has a given a strong breakout of small downward sloping resistance trend line adjoining September 2 and September 16. Delta Corp has seen the formation of a bearish … [Read more...] about NSE adds two more stocks to F&O ban list for Tuesday

The Nifty extended gains for the second consecutive session on September 20, tracking positive Asian counterparts and closed 1.1 percent, or 194 points, higher at 17,816. The rally was across sectors, with the Nifty Pharma emerging as the biggest gainer rising 3 percent followed by auto, banking & financial services and metal indices. The index formed a decent bullish candlestick pattern on the daily charts. If it closes decisively above 17,820, the Friday's high, and sustains in following sessions then 18,000-18,100 on the Nifty can't be ruled out in the near term, with crucial support at 17,400-17,500, experts said. "The Nifty had started to gap up and remained range-bound during the day. On the higher end, 17,900 has acted as resistance leading to a close near the day's low," Rupak De, Senior Technical Analyst, LKP Securities, said. Also read: Sensex, Nifty gain over 1% despite volatility and profit booking Close The trend will likely remain … [Read more...] about Technical View | A decisive close above 17,820 can push Nifty above 18,000, say experts

The Nifty50 on September 30 gained strength after an initial hour of volatility and as the day progressed, it comfortably extended its northward journey to give a decisive close. The index not only settled above the crucial psychological level of 17,000 but also topped the 200-day moving average (DMA) of 16,982. It gained 1.6 percent and hence snapped a seven-day losing streak. It was a good start to the October series. The market rallied after the Monetary Policy Committee's decision came in on expected lines with the announcement of a 50 bps hike in the repo rate. The 50-share benchmark index witnessed a strong bullish candlestick pattern on the daily charts which engulfed the previous two red candles. There was a Hammer kind of pattern on the weekly charts, the bullish reversal pattern formed at the downtrend, especially after Friday's sharp recovery. The index has fallen for the third consecutive week now, down 1.3 percent. The Hammer is a bullish reversal pattern formed … [Read more...] about Technical View | Nifty forms Hammer pattern on weekly scale, possible trend reversal can take index towards 17,400

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Banking stocks have been on fire over the past three months, driving the gains of the broader market, and have been second only to fast-moving consumer goods stocks in terms of gains. For perspective, the Nifty Bank has surged by 25 percent while the broader Nifty 50 gained 14 percent in this period. Other sectoral indices have underperformed, with gains not more than 20 percent and some such as information technology showing a drop of 1 percent. Foreign portfolio investors have been loading up on banking and financial shares in August and the trend seems to have continued, so far, this month as well. The banking index that gained 11 percent in August on the back of foreign investors’ buying has further risen by 5 percent so far in September. What’s more, mutual funds too have been … [Read more...] about As Bank Nifty gallops, investors must watch deposit trend

Nifty50 rejig will see weights of Bharti Airtel and HDFC Life going up. (Photo by Anna Nekrashevich/Pexels) Adani Enterprises could see the maximum inflow and Shree Cement the maximum outflow after the Nifty indices rejig takes effect on Friday, according to Edelweiss Alternative and Quantitative Research. The former is being included in the Nifty50 index and the latter is being excluded from the same index after the semi-annual exercise. Actually, two Adani Group stocks will be among the top three to see the maximum inflow after this rejig, said the Edelweiss Alternative and Quantitative Research report. Adani Enterprises, which will be added to the Nifty 50 after an upgrade from the Nifty Next 50, could see an inflow of $189 million. Adani Total Gas , which will be included in the Nifty Next 50, will likely see an inflow of $42 million. PSU stocks BEL , HAL and IRCTC , which are new entrants in the Nifty Next 50 index, could get inflows of $45 million, $29 … [Read more...] about Nifty rejig: $189 million inflow into Adani Ent, $56 million outflow from Shree Cement

Stock Market News, stock market, stock Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian benchmark equity indices continued to slide further on September 28, for the sixth straight session, dragged by banks, financials and metal companies amid weak global cues. At 10:28am the Sensex was at 56,851.62, down 255.9 points or 0.45 percent, while the Nifty50 slipped 60.85 points or 0.36 percent to 16,946.55, below the psychological level of 17,000. Blaming it on the bearish global trend, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, Nasdaq is down 33.2 % from the peak and S&P 500 is down 24.3% from the peak. The Euro Stoxx 50 is down 24.3% from its peak. These are clear bearish signals from markets in the developed world. India is a distinct outlier with only 8.5 percent decline from the peak … [Read more...] about Sensex, Nifty drag for sixth straight session: Key factors behind the selloff

Stock Market News Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Indian equities started the week gone by on a positive note despite SGX Nifty indicating a sluggish start. However, after surpassing the 17650 mark, the index slipped into a consolidation mode and for the remaining part of the session, we witnessed a slender range with undertone being strongly bullish. During the mid-week, markets had slightly turbulent moves, but we managed to weather them successfully. In last couple of sessions, the oversold US market rebounded, which provided a much-needed trigger for Nifty to come out of the recent congestion phase. With some hint of profit booking on Friday, Nifty concluded the week convincingly above 17800 by adding 1.68 percent to the previous weekly close. Domestic market has maintained its sturdy structure over the last … [Read more...] about Nifty may head towards 18200-18350; buy on dips, suggests Sameet Chavan of Angel One

Stock pickers will have fun through the next few months, believes Shrikant Chouhan of Kotak Securities. "Whenever the market is under the influence of news flows from global markets, we see action or momentum shifting to mid-cap and small-cap stocks from large-cap companies," says Chouhan, based on his 24 years of experience in equity and derivatives research. The executive vice-president of Kotak Securities, who also heads the team of fundamental and technical analysis research, told Moneycontrol that they are positive on Reliance Industries where the strategy should be to buy on dips. Excerpts from the interview: What are the charts of Reliance Industries telling you ahead of its Annual General Meeting? Close For several weeks, volatility has been largely controlled. Actually, since May 2022, the stock is trading within a trading range of Rs 2,365 and Rs 2,820. In July, the stock fell to Rs 2,365, however, it rebounded from there, which is an indication … [Read more...] about MC Interview | Shrikant Chouhan of Kotak Securities bullish on RIL, says stock pickers to have fun over next few months

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of private lender IndusInd Bank gained nearly four percent intraday on September 16, while the benchmark indices shed a percent each. The stock was fuelled by the re-appointment of Sumant Kathpalia as the MD and CEO of the bank for another three years. The scrip was quoting Rs 1,247 apiece on the NSE at 11:50 am, while its peers HDFC Bank , ICICI Bank , Axis Bank were trading in the red. Follow our market blog for all the live updates On September 15, after market hours, the bank informed exchanges: "The Board of Directors has considered and approved the re-appointment of Mr. Sumant Kathpalia as the Managing Director & CEO of the Bank, for a further period of three years, with effect from March 24, 2023 up to March 23, 2026." This is subject to the approval of the … [Read more...] about Re-appointment of top boss fuels IndusInd Bank; stock up 4 percent, top Nifty gainer