05:49 PM
Conviction missing from timid Nifty. What traders should do on Wednesday
On the derivatives front, the strikes of 19400 saw the addition of call open interest.
Negative chart patterns like lower tops and bottoms continued as per daily chart and Nifty seems to be forming a smaller lower top as of now within a narrow range, analysts said.
The rupee exhibited a positive performance, recording gains of 0.13rs and reaching 82.97, driven by a weakened dollar index that dipped below 103$. Additionally, crude oil prices displayed a subdued trend in recent days, contributing to the rupee’s strength. Market attention remains focused on the upcoming release of the RBI MPC meeting minutes, anticipated for Thursday evening, which will offer insights into inflation and global economic concerns. Moreover, market participants are keenly watching the Jackson Hole symposium scheduled for Saturday, where the views of FED Chairperson Powell on interest rates will play a crucial role in influencing market sentiments. The rupee’s trading range is expected to be between 82.75 and 83.25.
– Jateen Trivedi, VP Research Analyst at LKP Securities
04:03 PM
Vodafone Idea plans to clear about Rs 2,400 cr dues by September
Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI.
03:51 PM
Rupee rises 19 paise to close at 82.94 (provisional) against US dollar.
Despite the support of positive international markets, Indian equities struggled to maintain their upward momentum due to lingering apprehensions over ongoing global uncertainties. Sectors closely tied to the Western economy, such as IT and pharma, faced challenges, while domestic-oriented sectors, alongside mid- and small-caps, exhibited resilience and gained traction. The influence of higher bond yields and concerns about potential rate hikes in the US is prompting FIIs to withdraw funds from the domestic market, contributing to the market’s volatility.
– Vinod Nair, Head of Research at Geojit Financial Services
03:34 PM
Top gainers & losers in closing trade
03:34 PM
Jio Financial Services: Exclusion from Sensex & Nifty postponed to Aug 28
Additionally, should JFSL not hit the lower circuit limit on either of the next 2 days, but hits the lower circuit limit on the 3rd day, the removal of JFSL from all the S&P BSE Indices will be deferred by another 3 days.
The combined outflow is projected to involve approximately 145 to 150 million shares, encompassing both Nifty and Sensex, said Nuvama.
03:33 PM
Closing Bell: Sensex ends choppy session on a flat note; Nifty below 19,400; BHEL soars 10%, Colgate drops 3%
03:07 PM
SBI Funds completes liquidation of assets in Franklin Templeton MF’s six debt schemes
With this, SBI Funds Management has liquidated 217 securities and disbursed around Rs 27,508 crore which constitutes 109 per cent of the value of the securities as on date of winding up — April 23, 2020, the company said in a statement.
03:05 PM
Global stocks extend comeback, U.S. yields hit new peaks
The MSCI All Country stock index climbed 0.4% in a second straight session of gains – pulling further away from Friday’s 2-1/2 month trough. Pan-European stocks gained 0.7%, while U.S. futures pointed to small gains for Wall Street later on.
But it was U.S. Treasuries that hogged the limelight once again, with benchmark 10-year yields climbing to 4.366% – their highest level since 2007 and up almost 40 bps month-to-date. [US/]
“There’s a more cautiously optimistic mood across financial markets,” said Fiona Cincotta, senior markets analyst at City Index in London.
02:54 PM
BHEL block deal to see 20.5 lakh shares changing hands. Company sees a sharp surge, hits a six-year high. Stock rises as much as 10%
02:53 PM
Comptroller & Auditor General (CAG) of India has highlighted underpayment of excise duty of Rs 1,078.09 crore including taxes to the Uttar Pradesh government by Radico Khaitan Ltd, the maker of 8 PM whisky and Magic Moments vodka.
02:11 PM
Mentha oil prices rise 18% so far in August. Should traders buy or book profits?
Mentha oil futures shot up over 4% to the day’s high of Rs 1,048.90 per kg on the MCX on Tuesday, taking the rally to 18% on a month-to-date (MTD) basis. The commodity is currently trading at a 4-month high level, riding on sentiments around the fall in output and the prices could remain firm, going ahead opine experts.
01:44 PM
Newgen Software Technologies gets purchase order worth $990,000; stock surges 8%
01:43 PM
Indian rupee’s fall to near record low fuels more hedging by exporters
Last Monday, the rupee slipped below the psychological level of 83 per U.S. dollar for the first time since October 2022, when it hit a record low of 83.29.
Indian exporters last Monday and Thursday hedged a total $3.6 billion via forwards, data from clearing house CCIL shows. The forex markets were off on Tuesday and Wednesday.
01:43 PM
Pakistan rupee hits record low vs dollar
The rupee has continue to decline as the country’s caretaker government struggles to stabilise the crisis-ridden economy.
Its previous record low was 298.93, which was hit on May 11.
01:33 PM
Share Market Live Updates: Only 3 realty stocks trade in the red at this hour
01:27 PM
London stocks bounce at open, Wood Group rises
The FTSE 100 was up 0.2% by 0715 GMT, while the midcap FTSE 250 index gained 0.6%.
The FTSE 100 could snap a seven-day losing streak, if gains last till the end of the trading session.
12:58 PM
Jupiter Hospitals raises Rs 123 cr in pre -IPO round; gets Sebi’s nod to float maiden public issue
Multi-specialty hospital chain Jupiter Life Line Hospitals has mobilised Rs 123 crore from institutional investors in the pre-IPO (initial public offering) round.In addition, the company has received capital markets regulator Sebi’s go-ahead to raise funds through its IPO.It received Sebi’s observation letter on August 11, an update with the regulator showed on Tuesday.The company issued 16.7 lakh shares at a price of Rs 735 apiece, according to a public announcement.
12:52 PM
Share Market Live Updates: Drug firm Glenmark Pharmaceuticals said it has entered into a pact with the US Department of Justice, Antitrust Division (DOJ) to resolve court proceedings related to the pricing of a drug.
12:40 PM
Greaves Retail partners with Usha Financial Services Ltd. to provide flexible financing services for the electric three-wheeler segment
12:34 PM
India’s new safety rating system for passenger cars will be implemented from Oct. 1, the country’s Ministry of Road Transport and Highways said on Tuesday.
12:11 PM
Share Market Live Updates: Dilip Buildcon through JV declared as L-1 bidder for tender floated by the Madhya Pradesh Jal Nigam, Madhya Pradesh
11:53 AM
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11:49 AM
Tokyo stocks close higher
Tokyo stocks closed higher on Tuesday, led by tech shares after overnight sector gains on Wall Street. The benchmark Nikkei 225 index added 0.92 percent, or 291.07 points, to 31,856.71, while the broader Topix index advanced 1.08 percent, or 24.22 points, to 2,265.71.
11:40 AM
Dollar eases before Jackson Hole, yen rises amid intervention jitters
The yen pulled away from a nine-month trough after Bank of Japan Governor Kazuo Ueda met with the prime minister, although he said exchange-rate volatility was not discussed.
11:23 AM
India says inflation pressures warrant govt, central bank vigilance
Inflationary pressures in India caused by global uncertainty and domestic disruptions will require greater vigilance by the government and the central bank, the finance ministry said in its monthly economic report on Tuesday.
11:02 AM
Aeroflex Industries IPO sails through within one hour of opening
- QIB Portion: NIL
- NII Portion: 1.39X
- Retail Portion: 1.50X
- Total: 1.05x
11:02 AM
Nifty Media jumps over 1%; check out the top movers
10:54 AM
Share Market Live Updates: Shares of Paytm climbed 3% to Rs 861.6 in Tuesday’s trade on BSE after the fintech firm on Monday said it is investing in AI to build an Artificial General Intelligence software stack.
10:43 AM
Jupiter Life Line Hospitals raised Rs 123 crore in pre-IPO round
The company, in consultation with the lead bankers had undertaken a further issue of specified securities, for cash consideration of 1.67 million shares at an issue price of Rs 735 per equity share (including a premium of Rs 725 per equity share). It saw participation from institutional investors, including SBI Magnum Children’s Benefit Fund, SBI Optimal Equity Fund, and SBI Healthcare Opportunities Fund, Neuberger Berman Emerging Markets Equity Fund, Neuberger Berman Europe Holdings LLC, and Neuberger Berman Strategic India Equity Master Fund Holdings Limited, High Conviction Fund – Series 1, Ashoka India Equity Investment Trust PLC, Think India Opportunities Master Fund LP, DC Ikka Limited.
10:36 AM
Oriana Power awarded a 20 MW AC solar photovoltaic project by a unit of Coal India
10:31 AM
Brigade Enterprises says 6.54 acres of land parcel acquired from Pfizer Healthcare India for an overall consideration of Rs 139 crore
10:30 AM
Stock Market Live Updates: Shares of billionaire Gautam Adani-led Adani Enterprises rose over 3% to Rs 2,721 in Tuesday’s intraday trade on NSE after the promoters of the Adani Group increased their stake in the conglomerate’s flagship company by 2.22% through open market purchases.
10:29 AM
Bhagyanagar India to consider overseas investment/acquisition in Srilanka either by way of equity or loan or both
10:05 AM
India bond yields inch up as 10-yr US yield hits 16-yr high
The benchmark 7.26% 2033 bond yield was at 7.2340%, as of 10:00 a.m. IST, after ending the previous session at 7.2208%, a trader with a primary dealership said.
“As expected, our bonds are not reacting in the exact manner in which U.S. yields have risen, but still the bias would be towards offers for today,” a trader with a private bank said.
09:58 AM
Stock Market Live Updates: Mahanagar Telephone Nigam (MTNL) plans to raise at least 4 billion rupees ($48.14 million) through government-guaranteed bonds maturing in 10 years, three bankers said on Tuesday; stock jumps 5%
09:44 AM
Patel Engineering says the company in a joint venture has been declared lowest bidder for an urban infrastructure development project; co’s share in contract is Rs 446 crore
There are two dominant factors influencing equity markets now. One, the resilient US economy is supporting global growth and global equity markets; this is a positive. Two, the sharp spike in US bond yields (the 10-year yield at 4.34% is the highest since 2007) is impacting capital flows to emerging markets like India; this is a negative for Indian markets. Sustained rise in FII inflows will happen only if the US bond yields decline. Clarity on this will emerge only after trends in U S inflation and Fed’s monetary stance indicate softening. Investors should wait for clarity on these macro trends. Meanwhile, long-term investors can accumulate high quality growth stocks. Large-cap banks are now fairly valued. The prospects for large-caps in the capital goods sector are bright.
– Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
09:35 AM
Sensex Today: Adani Enterprises opened 3% higher after top shareholder Kempas Trade and Investment hiked its stake in the company to 69.87% from 67.65%.
09:31 AM
Share Market Live Updates: Shares in India’s Jio Financial Services (JFS), part of Reliance Industries, fell a maximum of 5% for a second straight day on Tuesday as passive funds continued selling ahead of the stock exiting the benchmark indexes.
09:25 AM
Rupee rises 6 paise to 83.07 against US dollar in early trade.
09:23 AM
BLOCK DEAL | 31% equity block deal in SJS Enterprises
09:23 AM
BLOCK DEAL | Trident’s 10.9 lakh shares change hands
09:22 AM
Just In | LIC acquires 6.660% shareholding in Jio Financial Services Ltd. through demerger action by Reliance Industries Ltd.
09:21 AM
HEATMAP | 21 out of 30 top stocks open in the green
09:17 AM
Sensex Live Updates: Opening Bell: Sensex gains 50 points, Nifty above 19,400; Adani Power rallies 5%, Jio Financial tanks 5%
09:09 AM
Pre-open session: Sensex rises 50 points; Nifty above 19,420
07:59 AM
Markets Live Updates: Soaring yields leave Asian stocks struggling for headway
Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound.
07:31 AM
Share Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a muted start
GIFT Nifty on the NSE IX traded 3 points, or 0.02 per cent, higher at 19,391.50, signaling that Dalal Street was headed for flat start on Tuesday.
07:31 AM
Tech View: Nifty takes support near 50-DMA
Nifty exhibited a positive tone as it maintained levels above the crucial support point of 19,250. A breach below this level could potentially spark unease within the market, causing concerns among investors. However, as long as the index holds above the 19,250 mark, there is a potential upward trajectory to the 19,500 level. A confident breakthrough above 19,500 has the potential to catalyze a sustained and substantial market rally.
07:30 AM
Rupee falls 3 paise to close at all-time low of 83.13 against US dollar
The rupee depreciated by 3 paise and settled for the day at an all-time low of 83.13 against the US dollar on Monday, weighed down by a surge in crude oil prices and selling pressure by foreign investors.
07:30 AM
Markets Live Updates: Tokyo shares open higher after US tech rally
Tokyo stocks opened higher Tuesday after US tech shares surged overnight. The benchmark Nikkei 225 index added 0.92 percent, or 289.32 points, to 31,854.96 in early trade, while the broader Topix index added 0.71 percent, or 16.01 points, to 2,257.50.
07:30 AM
Nasdaq rallies with Nvidia, tech shares; investors look toward Jackson Hole
The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining.
07:30 AM
Markets Live Updates: Oil up on expected U.S. oil stock drawdown, but China gloom tempers gain
Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China’s economy limited the upside.
07:29 AM
Sensex Today: Sensex, Nifty on Monday
The BSE Sensex rose 267 points or 0.41% to settle at 65,216. The broader NSE Nifty surged 83 points or 0.43% to end at 19,393.