Stock Market Highlights: Nifty momentum indicators blinking buy. What traders should do on Monday
07:49 PM
Apple suppliers slide on China anxiety, threat from Huawei
Apple shares have tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.
Several Wall Street analysts on Friday said the selloff was overdone, saying any revenue hit for Apple would likely be small due to the phone’s popularity in China. After two days of declines, Apple shares stabilized in early Friday trading, up 0.9%.
07:15 PM
BofA sees ECB hiking all three policy rates by 25 bps next week
The brokerage expects “very little” forward outlook for the following meetings but said the bias would be towards pausing and not cutting rates.
While convictions on the hike next week are “not strong”, in the absence of large surprises, if the ECB does not hike in September, “July would be the last hike of this cycle”, BofA Global Research wrote in a note.
07:13 PM
US stocks open subdued in cautious trading ahead of inflation data
The Dow Jones Industrial Average fell 13.32 points, or 0.04%, at the open to 34,487.41.
The S&P 500 opened higher by 0.16 points, or 0.00%, at 4,451.30, while the Nasdaq Composite gained 5.88 points, or 0.04%, to 13,754.71 at the opening bell.
06:59 PM
6 capital goods stocks touched their new 52-week high; do you own any?
The 52-week high is of significant interest to specific traders and investors as it functions as a vital technical signal for evaluating a stock’s current value and forecasting potential price changes.
06:49 PM
Adani group stocks market cap crosses Rs 11 lakh crore
Adani Enterprises shares jumped 0.38%, while that of Adani Ports and Adani Power rose 1.92% and 2.84%, respectively. Adani Wilmar and Adani Green also ended the day in green, and on the other hand, Adani Total Gas and Adani Energy closed with cuts.
06:41 PM
SAT defers hearing on SEBI’s confirmatory order to Sept 13
The Securities Appellate Tribunal (SAT) on Friday postponed to September 13 the final hearing on a plea challenging a SEBI’s confirmatory order that barred Zee Entertainment Enterprises’ Punit Goenka and Subhash Chandra from holding any key positions in the company and other organisations. After hearing rejoinders from counsels Abhishek Manu Singhvi and Navroz Seervai, representing Goenka and Chandra, SAT said it will continue the hearing on September 13.
SAT further stated that on September 14, it will hear Goenka and Chandra’s rejoinders.
06:08 PM
Dollar set for longest weekly winning streak since 2014, yuan plumbs 2007 low
China’s onshore yuan meanwhile ended its domestic session at the weakest since 2007, as it battles capital outflow pressures and a widening yield gap with major economies.
The U.S. dollar index, which measures the greenback against major peers, was last 0.05% lower at 105 but remained not far from the previous session’s six-month high of 105.15.
06:07 PM
India’s forex reserves snap 2-week fall
India’s foreign exchange reserves halted a two-week losing streak and rose to $598.90 billion as of Sep. 1, the Reserve Bank of India’s data showed on Friday. That was an increase of $4.04 billion from the previous week, the biggest gain in nearly two months. Reserves had fallen by a total of $7.3 billion in the prior two weeks. The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee . The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI’s reserves. Foreign exchange reserves include India’s Reserve Tranche position in the International Monetary Fund. For the week the forex reserves data pertains, the rupee fell marginally against the dollar and traded in a range of 82.5225 to 82.8075. The rupee ended at 82.9450 on Friday, down 0.4% this week.
05:37 PM
Tech View: Nifty momentum indicators blinking buy. What traders should do on Monday
The short term trend of Nifty continues to be positive. “We expect Nifty to move into new all-time highs beyond the 20K mark in the coming week. The potential upside target of larger triangle upside breakout comes around 20100-20200 levels for the near term. Immediate support is placed at 19650 levels,” said Nagaraj Shetti of HDFC Securities.
Daily and hourly momentum indicators have a positive crossover which is a buy signal.
Global markets stumbled as they processed August’s jobless claims data from the US and the rise in gas prices due to strikes in Australia, rekindling further slowdown. The domestic market, however, showcased its resilience once more by rallying, seemingly unfazed by global distress signals. Although selling was seen in IT and pharma stocks due to weak global cues, the gains in infra, industrial, and capital goods stocks due to improved order inflows coupled with the persistent preference for mid- and small-cap stocks contributed to the ongoing rally.
– Vinod Nair, Head of Research at Geojit Financial Services
Benchmark Indices ended the week today just a few percentage away from record highs ahead of the G20 Summit buoyed by good support from the Bank Nifty ( on positive newsflow from the RBI) as well as the PSU & Infrastructure stocks. Despite a deficient monsoon the mood in the market was optimistic as PSU stocks across sectors exhibited positive investor appetite.
– S Ranganathan, Head of Research at LKP securities
03:40 PM
Top gainers & losers in closing trade
03:39 PM
Closing Bell: Sensex extends rally to 6th day, ends 333 pts higher; Nifty holds 19,800; PFC jumps 13%, Sobha 11%
03:31 PM
Balaji Amines withdraws Draft Red Herring Prospectus (“DRHP”) filed with SEBI by Balaji Speciality Chemicals.
03:18 PM
European stocks head towards longest losing run since 2016
The pan-European STOXX 600 index fell 0.6%, putting it on course for its longest run of losses since November 2016.
Equity markets globally have come under pressure this week after upbeat U.S. economic data fuelled expectations of interest rates staying higher for longer, while weak data from Europe and China raised concerns about the health of the global economy.
03:06 PM
Yuan ends domestic session at weakest since 2007 as outflow pressure builds
The onshore yuan ended the domestic trading session at 7.3415 per dollar, its weakest close since Dec.26, 2007.
02:53 PM
August demat account additions top 3 million for the first time in 19 months
About 3.1 million demat accounts were added in August, compared with 2.98 million added in the preceding month of July, according to a report by ICICI Securities.
Demat additions have grown for four months in a row now. This should lead to strong H1FY24 results for capital market players, the brokerage said.
02:20 PM
Sensex Today | Stock Market Live Updates: Nifty Realty jumps over 2%; check out the top gainers from the pack
02:02 PM
Share Market Live Updates: European stocks stabilise after seven-day selloff
The pan-European STOXX 600 index rose 0.3% after marking a seven-day losing run on Thursday, its longest such streak since February 2018.
French luxury giant LVMH added 0.7% after slumping earlier this week on concerns about sputtering economic growth in China.
01:34 PM
Sensex Today | Stock Market Live Updates: Broader markets hit fresh record highs!
01:14 PM
EMS IPO fully subscribed within hours of opening. check GMP and other details
The strong demand was led by non-institutional investors, whose category was subscribed 1.89 times and retail investors with 1.64 times subscription. There were no bids yet from qualified institutional buyers.
According to market sources, the company’s shares are trading at a premium of Rs 125 in the unlisted market.
01:09 PM
Japan’s Nikkei slumps to weekly loss on US rate jitters, iPhone ban
Tech and industrial companies were among the biggest losers, with chip-making equipment giant Tokyo Electron dropping 3.83% to become the Nikkei’s biggest drag, shaving off 85 index points.
12:44 PM
Share Market Live Updates: Shreyas Shipping & Logistics’ delisting floor price set at Rs 292 per share
Shares of Shreyas Shipping fell by 0.70% to the day’s lows of Rs 371.55 on the NSE.
12:24 PM
Stock Market Live Updates: Australian shares end lower on weak China data, US rate hike jitters
The S&P/ASX 200 index ended 0.2% lower at 7,156.7, The benchmark lost 1.7% in the week, posting its biggest weekly loss since Aug 18.
12:09 PM
Sensex Today | Share Market Live Updates: Sectoral Watch | Realty, financial services, consumer durables jumps over 1% each
11:32 AM
Crypto Price Today: Bitcoin rises above $26,200; Ethereum holds above $1,600 level
Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.32% in the last 24 hours.
Other top crypto tokens were also trading higher on Friday. Solana, Polkadot, and Litecoin surged over 1%.
11:18 AM
Stock Market Live Updates: HSBC to halt corporate remittances to and from Russia – Nikkei
11:12 AM
Share Market Live Updates: Dollar charges toward longest weekly winning streak since 2014
In Asia, China’s yuan plumbed new lows in both the onshore and offshore markets, as it battles capital outflow pressures and a widening yield gap with major economies.
11:00 AM
Zepto elevates Ankit Agarwal to Chief Product Officer
Agarwal said his focus will be on building a product team that makes the “most customer-obsessed choices, and at the same time operates with very high financial discipline.”
10:44 AM
Sensex Today | Stock Market Live Updates: As the world comes to India for G20 summit, here are D-Street’s top P20 stocks for your portfolio
We reached out to money managers to filter out P20 (20 portfolio) stocks as the India growth story, which is the best among large economies, is getting wider attention and appreciation with the G20 presidency.
10:23 AM
Kotak Mahindra Bank said on Friday that the Reserve Bank of India has approved the appointment of Dipak Gupta as the interim managing director and CEO for two months.
10:20 AM
Sensex Today | Share Market Live Updates: Shares of Shemaroo Entertainment opened with a 5% lower circuit after the firm said that tax officials carried out search operations on its premises on September 5.
10:05 AM
Landmark Cars surged 7% after the company said that it signed a Letter of Intent with Mahindra and Mahindra to open a dealership in Howrah in the state of West Bengal.
09:51 AM
Sensex Today | Stock Market Live Updates: Power stocks in focus amid India’s soaring power demand
09:42 AM
Sensex Today | Stock Market Live Updates: Natco Pharma have been named defendants along with others in an antitrust lawsuit in the US.
09:39 AM
BLOCK DEAL IN ZOMATO | 26 lakh shares chnage hands
09:36 AM
Rupee rises 10 paise to 82.13 against US dollar in early trade
09:33 AM
Sensex Today | Stock Market Live Updates: Buzzing shipping stocks!
09:25 AM
Morning view by Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
This, and the hyper activity in the mid-and small-cap segments, point to the active participation of retail investors in the rally. Also, the ‘buy on dips’ strategy is working well for traders. This market construct has the potential to take the rally to near the Nifty record high of 19991. Frontline banking and IT stocks assisted by L&T and RIL have the potential to sustain the rally in the near-term. Bubble building up in segments of small-caps is an area of concern.
09:23 AM
Sensex Today | Stock Market Live Updates: Yes Bank, Vi among top movers in opening trade
09:20 AM
Opening Bell: Sensex rises 130 points, Nifty above 19,750; Cochin Shipyard soars 9%, IRFC 5%
09:08 AM
Pre-open session: Sensex rises 120 points; Nifty above 19,770
08:01 AM
Stock Markets Live Updates: Asian stocks stumble as ‘dollar juggernaut’ on a roll
Asia’s stockmarkets dipped on Friday, with tech shares tumbling on deepening Sino-U.S. tensions, while the dollar was set to seal its longest winning streak in nine years as investors braced for U.S. interest rates to stay higher for longer.
08:00 AM
Markets Live Updates: Buoyant dollar on course for its longest weekly winning streak since 2014
The dollar was headed for its longest weekly winning streak in nine years on Friday, bolstered by a resilient run of U.S. economic data that has also put the end of the Federal Reserve’s rate-hike cycle into question.
07:59 AM
Markets Live Updates: Gold set for weekly dip with resilient US economy in focus
Gold prices firmed on Friday but were set for a weekly decline as the dollar and Treasury yields held firm with strong U.S. economic data raising concerns of the Federal Reserve keeping interest rates higher for longer.
07:26 AM
Markets Live Updates: GIFT Nifty (Earlier SGX Nifty) signals a positive start
GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, higher at 19,782.50, signaling that Dalal Street was headed for positive start on Friday.
07:25 AM
Tech View: Bull calls of Nifty @ 20,000 getting louder
Nifty today surpassed the immediate resistance of 19650 levels to close 116 points higher and formed a long bull candle on the daily chart.The overall chart pattern is indicating a larger upside breakout of broader consolidation/triangle pattern of the last 5 weeks and this is opening a potential upside target for Nifty around 20,000-20200 levels over the next couple of weeks, said Nagaraj Shetti of HDFC Securities.
07:25 AM
Rupee hits all-time low of 83.23 against US dollar
The rupee depreciated for the fourth straight day to settle 10 paise lower at its lifetime low of 83.23 against the US dollar on Thursday amid a firm American currency and foreign capital outflows.
07:25 AM
Markets Live Updates: Tokyo shares open lower
Tokyo stocks opened lower on Friday as US tech shares tumbled, led by Apple on the back of worries over China.The benchmark Nikkei 225 index lost 0.57 percent, or 187.69 points, at 32,803.39 in early trade, while the broader Topix index lost 0.35 percent, or 8.28 points, at 2,373.67.
07:25 AM
S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters
The S&P 500 and Nasdaq fell on Thursday, with the biggest drag from Apple and a sell-off in chip stocks over concerns about China’s iPhone curbs, while a fall in weekly U.S. jobless claims fed worries about interest rates and sticky inflation.
07:25 AM
Markets Live Updates: Oil prices ease on demand concerns, still headed for weekly gain
Oil prices fell for a second session on Friday, weighed down by lingering concerns over slower global demand, but were still headed for a second consecutive weekly gain amid expectations of tightening supplies.
07:24 AM
Sensex, Nifty on Thursday
The 30-share BSE benchmark Sensex advanced 385 points or 0.58% to settle at 66,265. The broader NSE Nifty surged 116 points or 0.59% to end at 19,727.
