Sensex, Nifty surge after 3-day drop; IRFC jumps over 5%
The S&P BSE Sensex was up 627.23 points to 71,814.09 at 10:03 am, while the NSE Nifty50 gained 185.10 points to 21,647.35. broader market indices also gained momentum, in line with the broader mood on Dalal Street. Key Points
India TodayBFSI stocks: They shed weight much before others do, time to be contrarian and buy?
The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist. Key Points
Economic TimesSensex plunges 800 points: What’s making Dalal Street nervous?
At one point, the S&P BSE Sensex was down nearly 900 points and the NSE Nifty 50 was down over 200 points. By 10:30 am, Sensex was trading 795.48 points lower at 59,635.52. Even broader market indices fell sharply as volatility rose sharply. Key Points
India TodayBank relief and Alibaba plans nudge stocks higher
MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for the first time since the middle of 2021. Key Points
FinancialexpressSensex, Nifty open higher as hopes of SVB acquisition boosts sentiments
The Nifty 50 index was up 0.45% at 17,020.64 as of 9:53 a.m. IST. The S&P BSE Sensex rose 0.41% to 57,772.59. The broader Asian equity indexes were subdued. Key Points
India Today
Will Fitch cut in the US ratings impact Indian market? Hemang Jani answers
The Indian earnings season is going well with about 33 Nifty companies delivering decent numbers. Despite the downgrade of the US rating by Fitch Ratings from AAA to AA+, there is no need to be too concerned as the broader trend for the Indian market is positive. The hospitality industry is looking particularly good with strong traction in occupancy and pricing. Key Points
Economic TimesMidcaps trump smallcaps in 2024 as investors seek valuation comfort in an overheated race. What lies ahead
If we look at the last five years, only once has this happened in 2022, where midcap stocks (1.38% returns) outshined the smallcap peers (-1.38%). Taking a slightly wider view, the midcap index has outperformed the smaller index (in terms of market cap) in six out of the last 10 years (including 2024). Key Points
Economic TimesSensex gains 535 pts, Nifty hits new high on bullish sentiment
The 30-share benchmark Sensex and the broader 50-share NSE scaled new heights on Thursday following a bullish sentiment, which analysts say, was propelled... Key Points
The Tribune IndiaIndian shares fall as L&T slides after results disappoint
BENGALURU (Reuters) -Indian shares opened lower on Wednesday, weighed down by a fall in Larsen & Toubro on missing profit estimates, and tracking weakness in broader Asian equities ahead of the U.S. Key Points
ThePrintAmazon’s Audible fired over 100 employees
Amazon's Audible division to reduce its workforce by approximately 5 per cent as part of the company's broader efficiency strategy. The move follows similar layoffs in other Amazon units. Key Points
India Today
Stock market today: Sensex, Nifty 50 end lower dragged by banks, energy stocks; mid, smallcaps outperform
Domestic equity benchmark indices end in red amid weak cues from Asian markets and volatile trading trends. broader market outperforms benchmark indices in today's session. Key Points
mintSensex zooms 700 points after 6-day fall. 6 factors behind the U-turn
While S&P BSE Sensex jumped 624 points or 1% to hit the day's high of 63,772.22, the broader Nifty50 gained 190 points to scale an intraday high of 19,046. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
Even at the time of volatility movement with slightly more bearish bias which the nifty and broader market has witnessed in the last four weeks, some stocks have witnessed consistent improvement in their scores, which makes it worth looking at them. The stocks from sectors like power distribution, tech based marketplace, have come to the list. But this time there is a difference, a number of these stocks where the score has improved the recommendation has stayed as “ hold”. So, there is an element of caution which seems to have come into broader analyst recommendations. Key Points
Economic TimesApple set for record high ahead of mixed-reality headset launch
Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Key Points
mintNifty will cross 20,000 before Diwali; next 2-3 years belong to midcaps: Sanjiv Bhasin
As a basket of stocks, midcaps are still going to rule the roost and we are closer to year end where again the Diwali effect, the left out feeling is going to be humongous. So, the next two-three years belong to midcaps and we will take it from here till the election and Budget that they can still outperform. Key Points
Economic Times
Nifty 50 witnessing consolidation in narrow range, broader indices outperform; Bank Nifty sees mixed trend
Bank Nifty and Nifty are looking to US indices for directional cues, while the broader markets are outperforming. Ashok Leyland, Axis Bank, BEL, Bharat Forge, BPCL, L&TFH, Motherson, NTPC, Tata Communications are amid stocks to be bullish on. Key Points
FinancialexpressAsia shares wobble on China angst; long-end US bond yields rise with dollar
By Rae Wee SINGAPORE (Reuters) - Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary Key Points
ThePrintStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
While the nifty and sensex have been touching new highs, if one looks at the market breadth, it is showing signs of profit booking. The way things are panning out, it is clear that divergence between what is happening to nifty and the broader market level might continue further. Nifty which has underperformed mid and small cap indices is witnessing a catch up. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesSensex, Nifty gain as Reliance powers D-Street rally; Q3 GDP data in focus
The S&P BSE Sensex was up 236.14 points to 72,541.02 at 10:03 am, while the NSE Nifty50 gained 44.70 points to 22,006.55. In contrast, broader market indices continued to struggle for momentum. Key Points
India TodayThese largecaps have ‘strong buy’ and ‘buy’ recos with upside potential of over 20%
As the market opens for trading after a holiday, the first hour of trading would go into adjusting with what happened in global markets. The short term movement aside, one needs to take into account that in the next few days movement of the broader market indices like Nifty and Sensex and also the market breadth would be determined by the outcome of the state elections.ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic Times
How will the midcaps and smallcaps fare this week? Shibani Sircar Kurian answers
“At least in the near term, largecaps are better placed than midcaps and smallcaps. While on a longer term basis, of course, there are many industries where being present in mid and smallcaps is possibly the only way to play the overall India growth story, but in the near term, valuations are stretched on a relative as well as absolute basis.” Key Points
Economic TimesBeating Volatility: 4 largecap stocks from different sectors with upside scope of up to 16%
Just because the broader stock markets indices like Nifty and Sensex have not fallen sharply in one trading session, the current wave of correction is not making it to headlines. In the last month, Nifty and Sensex have corrected. The broader market is still under the control of bulls. But as they say, volatility comes without any prior notice, so it would be better for oneself to be prepared and probably if one is thinking of taking exposure, staying with large caps might be a better idea. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified in the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesSensex, Nifty continue slide as IT and financials sink; LTIM falls 11%
Stock market crash: The S&P BSE Sensex was down 620.68 points to 70,880.08 at 9:47 am, while the NSE Nifty50 tumbled 204.50 points to 21,367.45. A similar slide was seen in domestic-focused broader indices. Key Points
India TodaySensex, Nifty fall for 3rd straight day amid global slide; IT stocks tumble
The S&P BSE Sensex fell 535.88 points to 71,356.60, while the NSE Nifty50 slid 148.45 points to settle at 21,517.35. broader market indices also ended today’s trading session on a weak note. Key Points
India TodayETMarkets Smart Talk: India stands out in terms of growth and policy stability albeit at higher valuation:
If we were to look at consensus earnings estimates for FY24/FY25, this number has been upgraded with each passing quarter depicting the resiliency of earnings. We expect earnings resiliency to continue and be supportive of the markets in general. Banking has been trailed by the broader indices despite strong earnings and trade at reasonable valuation; we expect it to do well. Key Points
Economic Times
Sell-on-rise likely in Nifty, broader market indices: Nagaraj Shetti
Nagaraj Shetti predicts continued weakness in OMCs with eroded upside momentum. Shetty further says that another 5-7% downside in the three OMC stocks is likely. Market lacks buying support, with Nifty facing downside pressure. Small Cap 100 support at 13,200 levels. Sell-on-rise opportunity in NMDC with a downside target at Rs 175. Key Points
Economic TimesNifty scales new lifetime high; Sensex retreats from record to slip below 80K
Among the 30-share Sensex pack, State Bank of India, Reliance Industries, Hindustan Unilever, NTPC, Larsen & Toubro, Nestle India, Power Grid, ITC, JSW Steel and Sun Pharmaceuticals were the... Key Points
The Tribune IndiaEven for long-term investors, putting more checks and balances is the key: 4 largecap stocks with upside p
While Nifty and Sensex have seen some respite and given the fact that few mega stocks have the ability to push indices even higher, one cannot rule out the possibility of reading the headlines “ nifty forms a new high” very soon. But as we have seen in the recent past, what nifty does and what is happening in the broader market can be very different. So, it would be better to focus on what is happening in sectors and companies, are there some tailwinds that are likely to lead to better overall growth of the sector and hence the companies. Even in those sectors stick with companies that have a proven track record of surviving economic cycles and on financial parameters they are better placed than others. Because it is finally the earnings which will determine whether the stock is able to outperform or underperform broader market indices. We take a look at four stocks where on two parameters, that is net margins and return on equity, the companies are clearly better placed and there are clear sectoral tailwinds. Key Points
Economic TimesPre-market action: Here's the trade setup for today's session
Large caps are better placed in terms of valuation comfort and growth visibility. However, volatility in the broader market cannot be ruled out. Key event to watch – BOE interest rate decision, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Key Points
Economic TimesAdani Group stocks plunge up to 13% amid market rout; erase Rs 90,000 crore in m-cap
Adani Enterprises and Adani Ports & Special Economic Zone cracked around 7%., while Adani Power, Adani Wilmar, ACC, Ambuja Cements, and New Delhi Television shed up to 5%. The fall in the group stocks was amid weakness in the overall market. Key Points
Economic Times
Sensex, Nifty gain as strong Q3 GDP growth lifts mood on Dalal Street
The S&P BSE Sensex was up 639.51 points at 73,139.81 at 10:02 am, while the Nifty50 rose 201.65 points to 22,184.45. broader market indices also opened the day on a positive note. Key Points
India TodayAn AI failure database can help foster innovation safety
Experimental technologies thrive on a 'culture of failure' as that’s how we learn from mistakes. We can mitigate AI risks by recording and analyzing mishaps. This is how aviation grew safer. Key Points
mintSmallcap rally steady despite high valuations as 52 stocks gain in double digits
As elevated valuations cap the upside in the broader market, smallcap rally was subdued but steady with 52 stocks gaining in double digits during the week. Mid and smallcaps had witnessed strong rallies over the past few months thus making valuations a little stretched. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
While the volatility has been in nifty every now and then, the difference this week was that the mid-cap segment also participated in the correction and breadth was negative. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor calculated risk takers: 4 smallcap stocks with upside potential of up to 32%
It was the second time in the last ten days that banks are leading to decline in the market and the midcap index is trading with cuts which were greater than broader market indices. Yesterday should serve as a reminder to all those who have been buying stocks in the last few weeks without even bothering to look both at fundamentals and valuations. For all those who are looking at taking fresh exposure in small and mid-cap segments it would be better that rather than doing post facto analysis they should do more homework by looking at some fundamental ratios and business of the company. Despite doing all this, one should be ready to see a draw down as risk cannot be eliminated but only managed. Key Points
Economic Times
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While the nifty is moving in and out green, there are clear signs of profit booking taking place in the broader market with market breadth being negative. While the initial part of any volatility is led by large caps, as this time it is being led by banks, but there is a higher probability that the large caps are able to stabilize much before any part of the market. So, if one is thinking of fresh exposure to the market it would be better to stick with large caps. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesSensex, Nifty end lower in volatile session; HUL falls nearly 4%
The S&P BSE Sensex closed 259.58 points lower at 71,423.65, while the NSE Nifty50 fell 50.60 points lower at 21,571.80. The broader market indices also ended the trading session on a flat note. Key Points
India TodayPoaching row: Cognizant CMD Rajesh Nambiar says no impact on business
Over the past weeks, the poaching war among IT heavyweights has heated up, with Bengaluru-headquartered Infosys accusing Cognizant of allegedly resorting to unethical poaching tactics. As per reports, Cognizant CEO Ravi Kumar, who was previously with Infosys, has hired nearly 20 senior leaders in the company - several of them were earlier with Infosys and Wipro. Key Points
Economic TimesSensex, Nifty end higher as IT stocks rebound; TCS, Infosys among gainers
The S&P BSE Sensex rose 178.58 points to 72,026.15, while the NSE Nifty50 rose 52.20 points to settle at 21,710.80. broader market indices also gained in line with the benchmarks. Key Points
India TodaySensex, Nifty end higher amid strong rally in financial and realty stocks
The S&P BSE Sensex ended 490.97 points higher at 71,847.57, while the NSE Nifty50 gained 141.25 points to settle at 21,658.60. The broader market indices also put up a strong performance, in line with the benchmarks. Key Points
India Today
Sensex, Nifty end lower for 2nd straight day; IT, banking shares tumble
The S&P BSE Sensex ended 379.46 points lower at 71,892.48, while the NSE Nifty50 settled 76.10 points lower at 21,665.80. All the broader market indices also ended the day in negative territory. Key Points
India TodaySensex, Nifty open lower as financials and IT stocks face selling pressure
The S&P BSE Sensex fell 0.187 per cent to 72,158.10 at 9:18 am, while the NSE Nifty50 declined 0.10 per cent to 21,720. The broader market indices were mixed, but most were trading with a positive bias. Key Points
India TodaySensex, Nifty settle at record closing peaks; IT stocks shine
The S&P BSE Sensex ended 929.60 points higher at 70,514.20, while the NSE Nifty50 was up 256.35 points to settle at 21,182.70. broader market indices also ended the trading session with stellar gains. Key Points
India TodaySensex, Nifty end marginally higher amid cautious trade; IT stocks hit
The S&P BSE Sensex rose 33.57 points to 69,584.60 at the closing bell, while the NSE Nifty 50 gained 19.95 points to 20,926.35. broader market indices performed better than the benchmark indices, registering gains across the board. Key Points
India TodayStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
After the last few weeks of correction, the broader market indices like nifty and sensex have been showing signs that bears will have to wait before they can make any serious attempt to control the street. However, recent RBI changes have impacted sectors like banks and financial services and if one looks at the overall composition of every index, when this sector gets impacted everything else gets impacted. That is probably the reason why indexes are moving in range bound mode today. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
After the last few weeks of correction, the broader market indices like nifty and sensex have been showing signs that bears will have to wait before they can make any serious attempt to control the street. Even the Samvat 2080 started with a bullish gap up opening in Sunday's special trading session. though it needs to be seen whether there is follow up in coming days. Being a truncated week of trading, volumes are likely to be low. So be cautious rather than being overtly bullish. These selected stocks depict a strong upward trajectory in their overall average score. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesChinese bid to revive growth to make a difference; 5 metal stocks that can deliver up to 38% returns
Last week, when broader market indices were correcting sharply, it was metal stocks which were able to keep their head above water. This has happened for the third time in the last two months, that metal stocks have been able to inch upward when other sectors are under strong pressure. Is it an indication that global commodity markets are finally expecting the Chinese economy to recover after a long sluggish phase or it is just another spike which may fizzle out as soon as lower than expected number for China comes. Key Points
Economic TimesFIIs sell nearly ₹1887 crore in Indian stocks; DIIs pull out ₹2.23 crore - 2 Aug
Major drags included Tata Motors (down 3.19%), Bajaj Finserv (down 2.89%), HDFC Bank (down 1.25%), and Reliance Industries (down 1.05%). The broader market lagged behind the main indices. Key Points
mintStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 23%
As broader market indices witness minor consolidation, which normally happens when they are close to all time high as some resistance is bound to come. Some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%
As broader market indices witness minor consolidation, which normally happens when they are close to all time high as some resistance is bound to come. Some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic Times
Zee Entertainment shares fall over 6.50 per cent
In the broader equity market, the 30-share BSE benchmark traded with a gain of 328.44 points or 0.52 per cent at 63,053.15. Key Points
FinancialexpressDalal Street minions pip giants and how! 20 smallcap stocks give over 20% weekly returns
As Sensex traded in a narrow range last week, 20 smallcap stocks have given over 20% returns. The S&P BSE Smallcap index surpassed the benchmark with a 2.4% gain. Nucleus Software Exports reported its best-ever revenue of Indian rupees (INR) 635 crore for FY23 which led it to achieve a whopping 41% increase last week, while Force Motors and Brightcom Group followed with over 37% and 27% gains respectively. Money managers are bullish on the broader market and expect the uptrend to continue in the small-cap stocks despite possible consolidation in benchmark indices. Key Points
Economic TimesEquity markets log gains for second day: power shares advance
The 30-share BSE Sensex rose 74.61 points or 0.12% to settle at 60,130.71 Key Points
The HinduSensex, Nifty gain in cautious trade ahead of key macro data
The S&P BSE Sensex was up 132.89 points to 60,290.61 at around 9:35 am, while the NSE Nifty 50 was traded 52.80 points higher at 17,775.10. The broader markets were also trading in positive territory, but with modest gains. Key Points
India TodaySensex, Nifty rise as global banking turmoil eases; Adani Group stocks recover
The S&P BSE Sensex rose 346.37 points to 57,960.09 at today’s closing, while the NSE Nifty50 settled 129 points higher at 17,080.70 on F&O expiry day. broader markets also gained in line with benchmark indices as volatility dropped sharply. Key Points
India Today
Sensex, Nifty snap 2-day losing streak to end higher amid positive global cues
The Nifty 50 index closed 0.24% higher at 16,985.70, and the S&P BSE Sensex rose 0.22% to 57,653.86. The broader Asian equity indexes were largely subdued. Key Points
India TodaySensex, Nifty open lower for 2nd straight session; financials drag
The S&P BSE Sensex fell 139.57 points to 57,785.71 at around 9:33 am, while the NSE Nifty 50 was down nearly 50 points at 17,026.95. All broader market indices were also marginally trading in the red. Key Points
India TodaySensex, Nifty rebound nearly 1% on firm global trends, buying in Reliance
The broader NSE Nifty advanced 119.10 points or 0.70% to settle at 17,107.50 Key Points
The HinduSensex, Nifty tumble as global banking turmoil spooks Dalal Street
The S&P BSE Sensex was down 511.52 points at 57,478.38 at 9:32 am, while the NSE Nifty 50 fell 155.50 points to 16,944.55. broader markets also fell sharply in early trade. Key Points
India TodayBanks, IT lift Sensex 355 pts higher, Nifty atop 17,100; auto, pharma dip
CLOSING BELL: IT major TCS ended marginally in red amid high volatility a day after Gopinathan's resignation. In the broader markets, realty stocks also ended with solid gains. Key Points
Business Standard
Markets extend gains in see-saw trade; metal, banking stocks sparkle
Sensex rose 355.06 points to settle at 57,989.90; Nifty gained 114.45 points to end at 17,100.05 Key Points
The HinduMarkets halt 5-day losing streak after Credit Suisse lifeline lifts mood; Metals underperform, Tata Steel top loser
At home, banking stocks recovered, while metal stocks witnessed heavy selling pressure. Smallcap stocks saw money going out in the broader market. However, investors remain on the edge regards to turmoil in banks globally. Key Points
mintSensex, Nifty see muted opening amid volatility; banking stocks drag
The S&P BSE Sensex opened 136.83 points higher at 60,829.37 at 9:30 am, while the NSE Nifty 50 went up marginally by 38.70 points to 17,883.30. broader markets were also trading mixed as sentiment remained weak. Key Points
India Today