Sensex extends winning run into 11th day, gains 320 pts; Nifty nears 20,200

CLOSING BELL ON SEPTEMBER 15, 2023: The BSE Sensex hit a new life-time high at 67,927, and the Nifty registered a peak at 20,222 on Friday

4:13 PM

Tech View :: Key levels on Nifty, Bank Nifty to watch out

Nifty50
Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark. In the short term, there is potential for the Nifty to move towards the 20,480-20,500 range on the upside.

 

Bank Nifty

The sentiment remains positive as the Bank Nifty approaches its all-time high. The strong presence of Put writers at 46,000 has supported the index to stay in positive territory. The trend is anticipated to stay bullish as long as the Bank Nifty remains above the 46,000 mark. In the short term, there is potential for the Bank Nifty to reach levels around 46,700 and 47,000 on the upside.

Views by: Rupak De, Senior Technical analyst at LKP Securities. 

 

4:11 PM

Comment :: 'Global markets now eye US Fed, BoE, BoJ decisions'

The market is inching towards a new direction with renewed buying in auto and IT stocks in expectation of strong festive demand and a strong deal wins. Better-than-expected economic data from China and stimulus hopes further added optimism in global markets. The ECB hinted at a potential pause in rates due to receding inflation, while investors are now focused on central bank meetings next week, with the US Fed, BoE, and BoJ set to announce their rate decisions.

Views by: Vinod Nair, Head of Research at Geojit Financial Services.

4:09 PM

IPO Update :: Yatra Online issue subscribed 10% till 4:00 PM on day 1

4:08 PM

IPO Update :: Samhi Hotels issue subscribed 11% till 4:00 PM on day 2

4:07 PM

IPO Update :: Zaggle Prepaid issue subscribed 39% till 3:45 PM on Day 2

4:05 PM

IPO Update :: RR Kabel issue subscribed 18x till 3:30 PM

3:56 PM

Nifty Auto index outperforms, jumps 1.6%

3:54 PM

BSE Smallcap Heatmap:: Den Networks, Andrew Yule zoom 12%; KIMS drops 5%

3:51 PM

BSE Midcap Heatmap:: Voda Idea, GIC, IOB soar up to 8%; Ajanta Pharma sheds 5%

3:47 PM

Broader Market Check:: MidCaps, SmallCaps gain in tandem with benchmark Nifty50; India VIX declines nearly 4%

3:45 PM

Nifty 50 Losers:: BPCL, HUL, Asian Paints slip over 1%

3:44 PM

Nifty 50 Gainers:: Bajaj Auto zooms 6%; Hero Moto, M&M rally 2%

3:40 PM

Sensex 30 Heatmap:: 20 Gainers v/s 10 Losers

3:39 PM

CLOSING BELL:: NSE Nifty50 settles 89 pts higher at 20,192

3:33 PM

CLOSING BELL:: S&P BSE Sensex extends rally for the 11th straight day, ends 320 pts higher at 67,840

The BSE benchmark index has rallied 3,007 points in the last 11 trading sessions.

3:19 PM

Mahindra & Mahindra surges 3%; market cap touches Rs 2 trillion-mark

Along with a strong order book in the SUV segment and a leading position in the domestic tractor segment, M&M is now gradually introducing its global portfolio to expand its addressable market. READ MORE

3:05 PM

Bandhan MF looks to go beyond smallcaps, plans first active microcap fund

Bandhan Mutual Fund is looking to launch the first active microcap fund. The fund house has filed papers with the Securities and Exchange Board of India (Sebi) for an equity scheme, which will invest in stocks of companies having a market capitalisation (m-cap) lower than 50 per cent of the smallest midcap company (as per AMFI stock classification). READ

2:52 PM

TotalEnergies in talks to invest in Adani Green's projects: Report

Total is looking to buy stakes in some of Adani Green’s projects as part of its drive to expand its portfolio of clean energy projects, sources told Bloomberg, who asked not to be identified as the discussions are private. The French group could invest about $700 million in total into the projects. READ HERE

2:41 PM

SpiceJet clears $1.5 million payment due to Credit Suisse after SC warning

Indian airline SpiceJet on Friday said that it has cleared its $1.5 million dues to Credit Suisse. It comes days after the Supreme Court warned the airline's chairman Ajay Singh to make the payment or go to Tihar jail. READ

2:30 PM

Robust inflows in July and August 2023: Arbitrage funds are back in favour

Investors typically park their short-term money in arbitrage funds because they are tax-friendly and can deliver better post-tax returns than some debt funds. READ MORE

2:09 PM

Home sales in Mumbai to cross Rs 1 trillion this year: JLL-Naredco report

Residential sales in Mumbai are likely to cross Rs 1 trillion in 2023 and may breach the Rs 2 trillion mark in 2030 due to rising demand, a report released on Friday showed. It added that, by value, Mumbai accounts for 40 per cent of the total residential sales in the country. READ MORE

1:54 PM

Oil India jumps 6%, rebounds to 1-year high after 3 weeks: Read why

With crude crossing $94 per barrel, upstream companies like OIL India will benefit from higher net crude realisations; company also exploring ways to repatriate its dividends worth $150 million from Russia. READ MORE

1:41 PM

Infosys signs $1.5 bn contract to leverage AI solutions for 15-year period

India's second-largest software services exporter Infosys said it signed a $1.5 billion contract for a 15-year period with a "global company". Under the deal, Infosys will provide enhanced digital experiences and business operation services, leveraging the company's platforms and artificial intelligence (AI) solutions, it said on Thursday. READ MORE

1:27 PM

Cholamandalam Investment joins Rs 1-trillion market cap club; hits new high

Cholamandalam Investment and Finance Company (Chola) became the third non banking financial company (NBFC) to surpass the Rs 1-trillion market capitalisation (market cap) mark, as the stock hit a record high on the BSE in Friday's intraday trade. READ MORE

1:13 PM

Asian Market Update:: Nikkei, Hang Seng, Kospi rally over 1%

Source: Yahoo Finance 

12:58 PM

After laptops, tablets, govt moots import licence for broadband gear

Senior telecom industry executives said that such a move would make home broadband services more expensive and lead to supply chain bottlenecks. READ MORE

12:43 PM

ALERT :: Siyaram Silk increases buyback price to Rs 720; stock hits 16-month high

12:31 PM

ALERT :: Greaves Electric Mobility launches E-3W 'Greaves Eltra'

>> Greaves Electric Mobility announces the launch of electric cargo three-wheeler vehicle 'Greaves Eltra'

>> Features:

• Power capability of 9.5 kW at peak performance,
• 10.8 kWh battery pack
• Capable of covering over 100 kilometres per charge,
• 140 cubic feet of storage capacity

12:21 PM

ALERT :: Sensex near day's high, tops 67,800 intraday

12:11 PM

Is Nifty PSU Bank nearing an interim peak? Keep an eye on this pivot point

Nifty PSU Bank

Outlook: May be nearing an interim peak

Pivot Point: 4,935

 

Apart from the recent outperformance, the Nifty PSU Bank index has registered over 4-fold growth in the last three years. The index stood at 1,232 at the end of September 2020. Given this sustained uptrend, select momentum oscillators, namely the RSI (Relative Strength Index) has entered overbought zone for the second time in this period. READ MORE