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The one-hour <keyword id="23618998" type="General" weightage="100" keywordseo="Muhurat-trading" source="keywords">muhurat trading</keyword> session, which marks <keyword id="20963892" type="General" weightage="20" keywordseo="Diwali-2024" source="keywords">Diwali 2024</keyword> and the onset of Hindu Samvat 2081 on both NSE and BSE, is set to commence at 6 pm today and will conclude at 7 pm. Generally, investors and traders make symbolic stock buys during this hour-long session, since it is believed that purchases made during this time herald wealth and prosperity for one’s investments for the year to come. If you are looking for <keyword id="19910146" type="General" weightage="20" keywordseo="stock-recommendations" source="keywords">stock recommendations</keyword> to add to your portfolio, here are a few value picks by SAMCO and Kotak Securities you can consider: <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="261" meta.entityid="HDFC Bank">HDFC Bank</keyword> Ltd Holding period: 1 year Last Traded Price: Rs 1,734.30 Per the firm, “The bank has maintained a robust 10-year profit CAGR of 21.74%, operating with a NIM (net interest margin) of 3.5% and a low net NPA (non-performing assets) of 0.3%. Advances and deposits have shown steady growth. Currently, the stock trades below its 10-year average price-to-book value and at a price-to-earnings ratio of 19, offering a favorable risk-reward profile with a substantial downside buffer”. <keyword id="22086440" type="General" weightage="20" keywordseo="Vindhya-Telelinks" source="keywords" meta.keywordsubtype="org" meta.entityname="Vindhya Telelinks" meta.hostid="261" meta.entityid="Vindhya Telelinks">Vindhya Telelinks</keyword> Ltd Holding Period: 1 year Last Traded Price: Rs 1,992.55 SAMCO notes that this key cable manufacturing, which is a joint venture between Universal Cables Limited and Madhya Pradesh State Industrial Development Corporation, has shown robust growth over the last 5 years, nearly doubling revenues with a 14.3% CAGR. The company holds significant investments in Birla Cable Ltd, Birla Corporation Ltd, and Universal Cable Ltd, totaling Rs 3,618 crore—surpassing its market capitalization of Rs 2,545 crore. This solid investment base underscores Vindhya Telelinks’ strong fundamentals and financial potential. <keyword id="23763358" type="General" weightage="20" keywordseo="Ramco-Industries" source="keywords" meta.keywordsubtype="org" meta.entityname="Ramco Industries" meta.hostid="261" meta.entityid="Ramco Industries">Ramco Industries</keyword> Ltd Holding Period: 1 year Last Traded Price: Rs 244.89 SAMCO observes that over the past decade, sales grew at a 7% CAGR, while the share price rose at a 14% CAGR. Known for its financial stability, Ramco Industries boasts a low debt-equity ratio of 0.07 and has consistently paid dividends since FY17, currently yielding 0.31%. The stock’s attractive price-to-book multiple of 0.5 offers a solid margin of safety, highlighting its investment appeal. <keyword id="22786675" type="General" weightage="20" keywordseo="Gravita-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Gravita India" meta.hostid="261" meta.entityid="Gravita India">Gravita India</keyword> Holding Period: 12 months Last Traded Price: Rs 2,119 Kotak explains that Gravita India is the market leader in India’s emerging recycling industry with a focus on lead recycling. Gravita India is increasing its recycling capacity by a massive 72% to 500 ktpa by FY27E. “We expect the company’s earnings per share to grow by 31.8% in FY25E &amp; 31.6% in FY26E. We also expect an upside of 15% or more on this stock over the next 12 months”, adds Kotak’s note. <keyword id="23763359" type="General" weightage="20" keywordseo="S-H-Kelkar" source="keywords" meta.keywordsubtype="org" meta.entityname="S H Kelkar" meta.hostid="261" meta.entityid="S H Kelkar">S H Kelkar</keyword> and Company (SHKL) Holding Period: 12 months Last Traded Price: Rs 289.90 The company is a flavors &amp; fragrances (F&amp;F) supplier and has started to make inroads into the global market. SHK is well-placed to drive double-digit revenue growth. The company is a small but emerging contender in the vast F&amp;F market, with potential for margin expansion—higher-margin geographies &amp; operating leverage—allowing for over 15% return upside in the next 12 months. Kotak Securities further notes that FY25 will likely see more broad-based growth across sectors. However, the OMCs (oil marketing companies) may likely drag down overall profits. Most sectors and stocks are quite overvalued, with the degree of overvaluation ranging from: (1) low for most large-cap consumers, IT services, and pharmaceuticals (2) medium in the investment space (3) high in the case of several low-quality companies. "As the broader market valuations are rich, opportunities arising from market correction can be used to add quality stocks (with attractive valuations) from a long-term investment perspective," explains the research firm's note. SAMCO further advises adding a little glitter to your portfolio using GoldBees and SilverBees ETFs since there are recessionary fears in the US and geopolitical tensions across the world. Even central bankers like RBI have been adding gold to their vaults like never before. At present, markets are looking to secure their return on capital rather than seeking a return on capital. "Thus all of these make a strong case to add gold and silver to the portfolio. They will give stability to your portfolio this Samvat," adds SAMCO's note.

Muhurat trading 2024: 5 stock picks you can consider this time around

<keyword id="696744" type="General" weightage="20" keywordseo="hdfc-asset-management-company" source="Orion">HDFC Asset Management Company</keyword> (AMC) on Monday reported a 52% jump in profit after tax (PAT) at ₹477.5 crore for three months ended June 2023. In comparison, the asset management firm posted a PAT of ₹314.2 crore in the year-ago period, <keyword id="45123" type="General" weightage="20" keywordseo="hdfc" source="Orion">HDFC</keyword> AMC said in a regulatory filing. Revenue from operations rose 10% to ₹574.5 crore in the quarter under review, from ₹521.6 crore in the April-June quarter of the preceding fiscal. With a market share of 11.3 %, HDFC AMC's average assets under management (AAUM) grew to ₹ 4.86 lakh crore in the first quarter ended June 30, 2023 from ₹ 4.15 lakh crore in the year-ago period. The company serves a mutual fund customer base of 71 lakh individuals, with a total of 122 lakh live accounts. Shares of HDFC AMC settled marginally lower at ₹ 2,498.15 apiece on the BSE.

HDFC AMC Q1 profit after tax jumps 52% to ₹477 cr

Benchmark indices <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword> and Sensex recovered from their losses last week to close in greens on Monday. While Sensex inched up over 690 points to close at 79,476.63 points, Nifty closed the day over the 24k mark, at 24,213.30, up by 217 points. During the day, Sensex had soared 740.89 points, or 0.94%, to touch 79,523.13 points. From the 30-share Sensex pack, JSW Steel surged nearly 5% while Tata Steel jumped nearly 4%. Axis Bank, IndusInd Bank, HDFC Bank, State Bank of India, Kotak Mahindra Bank, and UltraTech Cement were also among the big gainers. On the other hand, Tech Mahindra, Lupin, Britannia, and Infosys were among the major laggards on Sensex. On Nifty, where 39 stocks advanced during the day and the remaining 11 saw declines, Tata Steel, Hindalco, and JSW Steel were among the top gainers. Adani Ports, ITC, Bharti Airtel, and Asian Paints were among the leading laggards. In Asian markets, Tokyo, Shanghai, and Hong Kong settled in the positive territory, while Seoul ended lower. Yesterday, the BSE benchmark tumbled 941.88 points, or 1.18%, to settle at 78,782.24, the lowest closing level since August 6. The Nifty had also tanked 309 points, or 1.27%, to close at 23,995.35. Foreign Institutional Investors (FIIs) continued with their hefty exodus, offloading equities worth Rs 4,329.79 crore today, according to exchange data. So far in November, DIIs (domestic institutional investors) have put in Rs 2,558.75 crore in Indian markets. Global oil benchmark Brent crude climbed 0.60% to $75.53 a barrel today. <h2>Banks, metals lead the party</h2> Aditya Gaggar, Director of Progressive Shares, explains that while bears dominated the first half of trading session by dragging the index lower; it was the banking counters that led to a sharp up move and pushed the index higher from its previous session's low. The Metal stocks also joined the party and pushed the index further higher to end the session at 24,213.30 with gains of 217.95 points. Mid and smallcaps also advanced but underperformed the frontline index", he added. Today's rally was largely led by banking scrips. The BSE Bankex jumped a staggering 1,218.58 points during the day. On NSE, both banks and financial services indices inched up by 1.94% and 1.98% respectively during the day. While PSU bank counters were up by 1.84%, private banks surged ahead with a 1.94% growth during the day. Metals were amidst the highest gainers, rising 2.84% during the day. All broad market indices closed the day in green, except for India VIX, which tumbled 4.08%.

Sensex, and Nifty rebound to greens, metals and banks lead the rally on bourses today

Both indices, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> closed the day in the red, recording marginal losses. While Sensex was down by around 581 points and was trading at 78,886.22 points at the close, Nifty was down by 0.74%, or around 180 points to close at 24,117.00 points. <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> (up by 1.63%), <keyword id="20079495" type="General" weightage="20" keywordseo="HDFC-Life" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Life" meta.hostid="261" meta.entityid="HDFC Life">HDFC Life</keyword> (up by 1.57%), SBI Life (up by 1.22%), Cipla (up by 1.06%) and HDFC Bank (up by 1.03%) were amongst the leading gainers during the day. On the other hand, LTI Mindtree (down by 4.09%), Grasim (down by 3.60%), Asian Paints (down by 3.37%), Apollo Hospitals (down by 3.09%) and Infosys (down by 2.94%) were amidst the day's leading laggards. Out of the 2,783 stocks traded during the day, 1,186 saw advances, while 1,528 declined and another 69 remained unchanged. 122 stocks hit their 52-week high, while 27 stocks also hit their 52-week low price. 115 stocks remained in the upper circuit today, while 57 stocks hit the lower circuit during the day's trade. W<keyword id="19989715" type="General" weightage="20" keywordseo="IT" source="keywords">it</keyword>h the exception of India VIX, which rallied 2.67% during the day, all other broad market indices closed the day in reds. Amidst sectoral indices, bank, financial services, media, pharma, private bank and healthcare recorded marginal gains, while IT, <keyword id="20102108" type="General" weightage="20" keywordseo="metal" source="keywords">metal</keyword>, realty and <keyword id="20051327" type="General" weightage="20" keywordseo="oil-and-gas" source="keywords">oil and gas</keyword> indices corrected over 1% each. In other news, <keyword id="19899808" type="General" weightage="20" keywordseo="rbi" source="keywords">RBI</keyword>'s MPC (Monetary Policy Committee) decided to leave the repo rate unchanged at 6.5%, making this the 9th consecutive time that the benchmark interest rates have not been hiked or slashed since February 2023. Said Anu Aggarwal, Head – Corporate Banking, Kotak Mahindra Bank said, “RBI's decision to hold the repo rate at 6.5% for the ninth consecutive time was on expected lines amid persistent inflationary pressures with June inflation coming in at 5.1%, and food in particular running away at 8.4%. We need to watch out for Fed action in September when a rate cut is near certain which will set the stage for our own likely cut by December. RBI's commitment to inflation target of 4% while our GDP growth is on track seems the right thing to do.” <h2>IT, Metal indices witness correction </h2>Aditya Gaggar, director of Progressive Shares notes that amid extreme volatility on either sides, Nifty50 settled the weekly expiry day on a weak foot at 24,117.00 with a loss of 180.50 points. Among the sectors, pharma was the best performer while IT and metal corrected the most. With a marginal loss of over 0.30% ,mid and small caps outperformed the frontline Index. "The index is oscillating in a wide range where the downside seems to be protected at 23,965 (near 50DMA) while the higher side is capped at 24,330 (bearish gap zone) and a breakout on either side is a must for a clear picture", he noted. Shrikant Chouhan, Head Equity Research, Kotak Securities says that today, the benchmark indices witnessed a volatile trading session, after a roller coaster activity the Nifty ends 197 points lower while the Sensex was down by 582 points. "Among Sectors, IT and Metal indices lost the most shed over 1.5%, whereas some buying was seen in selective media and pharma stocks. Technically, market consistently facing selling pressure at higher levels from the day highest levels Nifty/ Sensex shed over 250/800 points. A bearish candle on daily charts and double top formation on intraday charts indicates further weakness from the current levels. For the day traders intraday texture is non-directional hence level based trading would be the ideal strategy", said Chouhan.

Stock market closing: Sensex, Nifty close the day in red, IT, metal, realty and oil and gas indices dip 1% each

<keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> closed the day in the red. While Sensex dipped around 166 points to close at 78,593.07, well below the 80,000 mark it had breached recently, Nifty closed 0.26% down at 23,992.55, marginally below the 24,000 mark, as of August 6th, 2024. <keyword id="20107252" type="General" weightage="20" keywordseo="Britannia" source="keywords" meta.keywordsubtype="org" meta.entityname="Britannia" meta.hostid="261" meta.entityid="Britannia">Britannia</keyword> (up by 2.81%), <keyword id="19971670" type="General" weightage="20" keywordseo="JSW-Steel" source="keywords" meta.keywordsubtype="org" meta.entityname="JSW Steel" meta.hostid="261" meta.entityid="JSW Steel">JSW Steel</keyword> (up by 2.35%), <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Tech Mahindra" meta.hostid="261" meta.entityid="Tech Mahindra">Tech Mahindra</keyword> (up by 1.74%), <keyword id="20531945" type="General" weightage="20" keywordseo="Larsen-and-Toubro" source="keywords" meta.keywordsubtype="org" meta.entityname="Larsen and Toubro" meta.hostid="261" meta.entityid="Larsen and Toubro">Larsen and Toubro</keyword> (up by 1.70%) and <keyword id="20002610" type="General" weightage="20" keywordseo="Hindustan-Unilever" source="keywords" meta.keywordsubtype="org" meta.entityname="Hindustan Unilever" meta.hostid="261" meta.entityid="Hindustan Unilever">Hindustan Unilever</keyword> (up by 1.54%) were amongst the top gainers during the day. On the other hand, <keyword id="20079495" type="General" weightage="20" keywordseo="HDFC-Life" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Life" meta.hostid="261" meta.entityid="HDFC Life">HDFC Life</keyword> (down by 4.28%), SBI Life (down by 2.43%), BPCL (1.84%), Shri Ram Finance (down by 1.71%) and SBI Life (down by 1.47%) were the leading laggards. Out of the 2,813 stocks traded during the day, 1,031 stocks saw advances, while 1,703 saw declines, and another 79 remained unchanged. 72 stocks hit their 52-week high price, while 51 stocks also hit their 52-week low price today. 108 stocks hit the upper circuit, or maximum permissible price in a single trading session, while 131 stocks remained in the lower circuit. All broad market indices closed the day in red. India VIX dipped 7.97%, and amidst sectoral indices, financial services and PSU banks dropped over 1% each at the close of day's trade. With the exception of FMCG, IT, media, metal and realty, which managed marginal gains, all other sectors closed in the reds. Aditya Gaggar, director of Progressive Shares explains that although a strong opening reaching higher levels was seen in the opening trade; the index failed to hold its gains and gradually erased it. In the 2nd half of trading, selling pressure intensified, and the index wiped off all its gains to end the session at 23,992.55 with a loss of 63.05 points. "A mixed trend was seen across the board, where realty and IT were the top gainers, while PSU Banks corrected the most, followed by auto. From the broader markets, midcaps and small caps corrected by 0.61% &amp; 0.39% respectively, and underperformed the frontline index. The near-term outlook for Nifty50 turned bearish, unless it gives a convincing move above 24,400 while on the downside, 23,880 will be considered as immediate support", Gaggar continued. Shrikant Chouhan, Head Equity Research, Kotak Securities noted that while today, the markets opened higher due to positive Asian markets, they failed to sustain these levels and closed at the day's lowest point. "Although the market did not break the previous day's lows, it closed below the closing of the previous day. Apart from Nifty realty, metal, and IT, other indices closed in the red. Based on the short-term market structure, the trend-setting levels are 23,900/78,290. If the market falls below this, it may decline to 23,700 or 23,600/78,000-77,800, where it has support from retracements and long-term averages. It's advisable to consider selective buying around this level. On the upside, the major resistance levels are 24,150/79,000 and 24,400/79,700. It's recommended to reduce weak long positions around 24,300/24,400", he said. Rajesh Bhosale, Equity Technical Analyst, Angel One highlighted that the momentum favored the bears, and that the possibility of intermittent rebounds cannot be ruled out. "Therefore, any such bounces, similar to today, should ideally be viewed as selling opportunities. As for key levels, 24,250 appears to be immediate resistance, while the 24,350 - 24,400 range remains a challenging barrier for the bulls. Only a close above this range could potentially revive some positive momentum in the market. On the downside, immediate support is seen at 23,900 - 23,850, below which the Nifty may slip towards the 23,600 - 23,550 levels. Traders are advised to monitor these levels closely and adjust their trades accordingly, while also keeping an eye on global developments, as our markets are particularly influenced by global momentum", Bhosale continued. On the global front, oil prices rose by over 1% today, bouncing back from yesterday's losses, due to supply concerns stemming from the escalating Middle East conflict and strong U.S. services data. However, the fear of Iran retaliating against recent attacks in the region has increased fears of a broader war, threatening global supply stability and impacting oil forecasts. Furthermore, the US ISM Services PMI for July came in at 51.4, slightly above the month's forecast (51) and higher than June's reading (48.8). This is a positive sign, since it indicates a rebound in services sector, improvement in business activities, new orders and employment across industries like finance, healthcare and more. "With the Federal Reserve’s interest rate strategy under scrutiny, any positive US economic data could support the case for rate cuts", continued Chouhan. In response, global indices were seen trading in green. Nikkei 225 in particular, which had dropped around 12.4% yesterday, witnessing its worst crash since 1987, sharply rebounded about 3,217.04 points, or 10.23% to close at 34,675.46 points.

Stock market closing: Nikkei makes a sharp rebound, Sensex ends below 79k and Nifty slips below 24k

Both indices, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> closed the day in the green. While Nifty inched 0.24% past the 25,000 mark to close the day at 25,010.90, Sensex rose around 126 points to 81,867.55 points on August 1st, 2024. <keyword id="20030825" type="General" weightage="20" keywordseo="Power-Grid-Corporation" source="keywords" meta.keywordsubtype="org" meta.entityname="Power Grid Corporation" meta.hostid="261" meta.entityid="Power Grid Corporation">Power Grid Corporation</keyword> (up by 3.82%), <keyword id="19903245" type="General" weightage="20" keywordseo="Coal-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Coal India" meta.hostid="261" meta.entityid="Coal India">Coal India</keyword> (up by 3.47%), <keyword id="19923397" type="General" weightage="20" keywordseo="ONGC" source="keywords" meta.keywordsubtype="org" meta.entityname="ONGC" meta.hostid="261" meta.entityid="ONGC">ONGC</keyword> (up by 2.03%), <keyword id="19895995" type="General" weightage="20" keywordseo="HDFC-Bank" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Bank" meta.hostid="261" meta.entityid="HDFC Bank">HDFC Bank</keyword> (up by 1.97%) and Dr. Reddy (up by 1.96%) were amongst the day's gainers, while Mahindra and Mahindra (down by 2.78%), <keyword id="19950204" type="General" weightage="20" keywordseo="Tata-Steel" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Steel" meta.hostid="261" meta.entityid="Tata Steel">Tata Steel</keyword> (down by 1.37%), <keyword id="20366589" type="General" weightage="20" keywordseo="Hero-Moto-Corp" source="keywords" meta.keywordsubtype="org" meta.entityname="Hero Moto Corp" meta.hostid="261" meta.entityid="Hero Moto Corp">Hero Moto Corp</keyword> (down by 1.35%), Britannia (down by 1.32%) and Tata Motors (down by 1.21%) were amongst the day's top losers. Out of the 2,800 stocks traded during the day, 1,008 stocks saw advances, while 1,725 stocks saw declines, and another 67 stocks remained unchanged. 209 stocks touched their 52-week high price, and 27 stocks touched their 52-week low. 120 stocks hit the upper circuit during the day, while 93 stocks remained in the lower circuit. With the exception of Nifty 50 and 100, all other broad based indices closed the day in red. India VIX dipped by 2.41%, while small cap 50 plunged by 1.03%. As for sectoral indices, media (down by 1.89%) and realty (down by 1.70%) saw the maximum dips, while bank, FMCG, financial services ,oil and gas, healthcare and pharma closed the day in green. Aditya Gaggar, director of Progressive Shares says that Indian bourses began the August month on a strong note above the psychological barrier of 25,000. "But, negative divergence in RSI pulled the Index lower to settle the trade at 25,010.90 with gains of 59.75 points. Among the sectors, Energy was the top gainer while media and realty corrected the most. Broader markets underperformed the frontline index as mid and small caps corrected by 0.85% &amp; 0.98% respectively. The Index has formed a Spinning Top candlestick pattern which represents indecisiveness where the downside seems to be protected at 24,930 while the immediate resistance is placed at 25,100", he continued.

Stock market closing: Nifty inches past 25,000-mark, Tata Steel, Hero Moto Corp amidst day's leading laggards

<ul><li><keyword id="19896382" type="General" weightage="100" keywordseo="Sensex" source="keywords">Sensex</keyword> scaled the 85,000 level and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> breached the 26,000 mark for the first time.</li><li>The markets closed flat on Tuesday after a volatile session.</li><li>While Sensex reached an all-time intra-day peak of 85,163.23, <keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword> declined by 0.02%.</li></ul>Sensex scaled the 85,000 level and Nifty breached the 26,000 mark for the first time before paring gains to close flat in a volatile session on Tuesday, dragged by losses in <keyword id="19931572" type="General" weightage="20" keywordseo="FMCG" source="keywords">FMCG</keyword> and select <keyword id="20560617" type="General" weightage="20" keywordseo="banking-shares" source="keywords">banking shares</keyword>. The 30-share BSE benchmark declined by 14.57 points or 0.02% to settle at 84,914.04, snapping its three-day record-breaking run. China announcing stimulus measures to bolster its economy fuelled metal shares. In the morning trade, the 30-share BSE Sensex scaled the 85,000 level, jumping 234.62 points or 0.27% to scale a new all-time intra-day peak of 85,163.23. The index, however, hit a low of 84,716.07 in the afternoon session due to profit-taking at record levels. Selling in <keyword id="20002610" type="General" weightage="20" keywordseo="Hindustan-Unilever" source="keywords">Hindustan Unilever</keyword>, Kotak Mahindra Bank and <keyword id="19900482" type="General" weightage="20" keywordseo="ICICI-Bank" source="keywords">ICICI Bank</keyword> dragged the key index from the day's highs. The Nifty eked out gains of 1.35 points or 0.01% to close at a fresh high of 25,940.40. During the day, it climbed 72.5 points or 0.27% to hit a new record intra-day high of 26,011.55. Vinod Nair, Head of Research, Geojit Financial Services said, "Domestic benchmarks are attempting to sustain new highs, driven by the US Fed's aggressive rate cut. Meanwhile, the Chinese central bank's rate cut, and additional stimulus measures have positively influenced global investor sentiment, resulting in gains for domestic metal stocks." Conversely, FMCG and banking stocks exhibited declines due to profit-booking at higher levels, he said, adding that in the near term, strong inflows from FIIs, driven by the US Fed's dovish outlook and expectations of a rate cut by the RBI in October, are expected to maintain momentum. From the 30 Sensex firms, Hindustan Unilever, UltraTech Cement, Kotak Mahindra Bank, IndusInd Bank, Titan, Nestle, Bajaj Finance and Asian Paints were among the biggest laggards. Tata Steel, Power Grid, Tech Mahindra, HCL Tech, Mahindra &amp; Mahindra and JSW Steel were among the gainers. The BSE midcap gauge climbed 0.21% while the smallcap index dipped 0.04%. Among the indices, FMCG declined by 0.75%, telecommunication (0.57%), services (0.45%), financial services (0.40%), consumer durables (0.31%) and bankex (0.30%). “Technically, the index is oscillating within a rising channel and is trading near the upper trend line resistance of the channel pattern, which is around the range of 25,900-26,000 levels, making them a strong hurdle in the short term. Therefore, on the upside, 26,000 will act as an immediate hurdle for Nifty. If the index sustains above 26,000 it could test the levels of 26,200. On the downside, 25,600 will serve as strong support for the index,” said Hrishikesh Yedve, AVP Technical and Derivatives Research, Asit C. Mehta Investment Interrmediates. Metal surged 2.78%, power jumped 1.38%, utilities (1.18%), commodities (0.95%) and industrials (0.47%). "Although markets ended on a lacklustre note after a volatile session, key benchmark indices hit new milestones signifying that liquidity flows has remained strong as investors are confident of India's long term growth story," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. "Nifty ended on a flat note in a volatile session on Tuesday after crossing 26,000 for the first time. Asian stocks rose on Tuesday to their highest in more than two and half years, heartened by broad stimulus measures from China while expectations for more US rate cuts kept risk sentiment up," Deepak Jasani, Head of Retail Research, HDFC Securities, said. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the positive territory. Shanghai and Hong Kong markets ended significantly higher. European markets were trading in the green. The US markets ended higher on Monday. Foreign Institutional Investors (FIIs) bought equities worth ₹404.42 crore on Monday, according to exchange data. S&amp;P Global Ratings on Tuesday retained India's growth forecast at 6.8% for the current fiscal and said it expects the RBI to start cutting interest rates in its October monetary policy review. Global oil benchmark Brent crude jumped 2.35% to $75.64 a barrel. Rallying for the third day running on Monday, the BSE benchmark jumped 384.30 points or 0.45% to settle at an all-time high of 84,928.61. The NSE Nifty climbed 148.10 points or 0.57% to close at a record peak of 25,939.05. With inputs from PTI. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tata-nexon-ev-with-a-bigger-battery-launched-starting-at-13-99-lakh/articleshow/113631992.cms">Tata Nexon EV with a bigger battery launched starting at ₹13.99 lakh</a> <a href="https://www.businessinsider.in/stock-market/news/sebi-report-reveals-the-ugly-truth-of-fo-trading-in-india-93-of-retail-traders-incurred-losses/articleshow/113620397.cms">SEBI report reveals the ugly truth of F&amp;O trading in India – 93% of retail traders incurred losses</a> <a href="https://www.businessinsider.in/stock-market/webstories/manba-finance-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/113585986.cms">Manba Finance IPO – Price band to risk factors, all you need to know</a>

Sensex hits 85,000 level but closes flat as FMCG, banking shares drag

Benchmark <keyword id="19950208" type="General" weightage="20" keywordseo="bse-sensex" source="keywords">BSE Sensex</keyword> declined by 361 points on Tuesday, snapping its three-day gaining streak due to selling in index major <keyword id="19896380" type="General" weightage="20" keywordseo="reliance-industries" source="keywords">Reliance Industries</keyword>, <keyword id="19895995" type="General" weightage="20" keywordseo="hdfc-bank" source="keywords">HDFC Bank</keyword> and IT shares amid mixed global trends. The 30-share BSE <keyword id="19896382" type="General" weightage="20" keywordseo="sensex" source="keywords">Sensex</keyword> declined by 361.64 points or 0.50 per cent to settle at 72,470.30 with 20 of its components ending in the red and 10 in the green. During the day, it fell by 468.91 points or 0.64 per cent to 72,363.03 points. The broader Nifty of NSE declined 92.05 points or 0.42 per cent to 22,004.70 as 30 of its constituents dropped and 20 advanced. Among Sensex shares, PowerGrid fell the most by 2.07 per cent. Bharti Airtel dropped 1.99 per cent amid its subsidiary <keyword id="20275184" type="General" weightage="20" keywordseo="bharti-hexacom" source="keywords">Bharti Hexacom</keyword> announcing the launch of its Rs 4,275-crore IPO on April 3 at a price band of Rs 542 to Rs 570 per share. HDFC Bank declined 1.11 per cent contributing over 106 points to the total fall in Sensex. Reliance Industries fell 0.88 per cent, adding over 77 points to the fall. IT major Wipro dropped 1.5 per cent, Infosys by 1 per cent and TCS by 0.92 per cent and were a major drag on key indices. Kotak Mahindra Bank, UltraTech Cement, and Asian Paints were also among the losers. <keyword id="19955371" type="General" weightage="20" keywordseo="bajaj-finance" source="keywords">Bajaj Finance</keyword>, NTPC, Larsen &amp; Toubro, Axis Bank, Tata Motors, IndusInd Bank and Bajaj Finserv were among the gainers. "Aligned with global trends, the domestic market sustained its consolidation pattern, ending close to 22,000. While key data such as US GDP and inflation during the week may provide some clues on future rate cut paths, the fiscal year-ending truncated week, coupled with reduced trading volumes and monthly expiry, are likely to contribute to volatility.. "Generally, midcaps are performing well post the consolidation of the last 2-3 weeks, while the IT sector continued to experience sluggishness following weak global IT spending forecasts," said Vinod Nair, Head of Research, Geojit Financial Services. In the broader market, the BSE smallcap gauge declined 0.11 per cent while midcap index climbed 0.71 per cent. Among the indices, teck fell by 0.83 per cent, IT dipped by 0.57 per cent, bankex by 0.51 per cent and financial services by 0.26 per cent. Services jumped 1.48 per cent, realty climbed 1.45 per cent, industrials (0.95 per cent) and oil &amp; gas (0.84 per cent) were among the gainers. In Asian markets, Tokyo settled lower, while Seoul, Shanghai and Hong Kong ended in the positive territory. European markets were trading mostly in the green. Wall Street ended lower on Monday. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,309.76 crore on Friday, according to exchange data. Equity markets were closed on Monday for Holi. Global oil benchmark Brent crude dipped 0.17 per cent to USD 86.60 a barrel. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-20000-in-india/slidelist/108790651.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/best-smartphones-under-20000-in-india/slidelist/108790651.cms" target="_blank">Best smartphones under ₹20,000 in India</a><a href="https://www.businessinsider.in/stock-market/webstories/srm-contractors-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/108779163.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/webstories/srm-contractors-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/108779163.cms" target="_blank">SRM Contractors IPO – Price band to risk factors, all you need to know</a><a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/oneplus-12-review/articleshow/108723955.cms" target="_blank">OnePlus 12 review: A feature-packed device with promising battery back-up</a>

Sensex, Nifty snap 3-day winning run on selling in IT, banking shares

Both indices, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword>, closed the day in red. While Nifty was down by 0.27% and closed at 24,413.50, Sensex also dipped over 200 points and closed at 80,148.88 points on July 24th, 2024. <keyword id="20079495" type="General" weightage="20" keywordseo="HDFC-Life" source="keywords" meta.keywordsubtype="org" meta.entityname="HDFC Life" meta.hostid="261" meta.entityid="HDFC Life">HDFC Life</keyword> (up by 4.36%), <keyword id="19924892" type="General" weightage="20" keywordseo="Tech-Mahindra" source="keywords" meta.keywordsubtype="org" meta.entityname="Tech Mahindra" meta.hostid="261" meta.entityid="Tech Mahindra">Tech Mahindra</keyword> (up by 3.12%), <keyword id="19908646" type="General" weightage="20" keywordseo="BPCL" source="keywords" meta.keywordsubtype="org" meta.entityname="BPCL" meta.hostid="261" meta.entityid="BPCL">BPCL</keyword> (up by 2.91%), <keyword id="19903558" type="General" weightage="20" keywordseo="NTPC" source="keywords" meta.keywordsubtype="org" meta.entityname="NTPC" meta.hostid="261" meta.entityid="NTPC">NTPC</keyword> (up by 2.67%) and <keyword id="19906967" type="General" weightage="20" keywordseo="Tata-Motors" source="keywords" meta.keywordsubtype="org" meta.entityname="Tata Motors" meta.hostid="261" meta.entityid="Tata Motors">Tata Motors</keyword> (up by 2.46%) were amongst the top gainers of the day. On the other hand, Bajaj Finserv (down by 2.09%), Tata Consumers (down by 1.90%), Britannia (down by 1.88%), Axis Bank (down by 1.82%) and Bajaj Finance (down by 1.67%) were amongst the leading laggards. Bajaj Finance reported its Q1FY25 results recently. While its profits rose 14% YoY to Rs 3,912 crore, the firm's net interest income also reported a 25% jump. However, the stock was trading at Rs 6,614.90, down by over 1% today. The company's loan losses and provisions during April-June 2024 period jumped to Rs 1,685 crore, as opposed to Rs 995 crore during April-June 2023. Most midcap and small cap indices registered significant growth today. Mid cap 100 was up by 1.04%, small cap 100 was up by 1.76%. However, India VIX dipped by as much as 7.72%. Small cap 50 (up by 1.74%), small cap 250 (up by 1.86%) and microcaps (up by 2.68%) also saw healthy leads during the day. As for sectoral indices, consumer durables and oil and gas were up by over 1%, while media gained over 2% during the day. Auto, bank, <keyword id="19931572" type="General" weightage="20" keywordseo="fmcg" source="keywords">FMCG</keyword>, PSU and private banks closed the day in red. Mr. Aditya Gaggar Director of Progressive Shares noted that a mixed trend was seen in the markets where mid and smallcap segments were seen compounding their morning gains while Bank Nifty-led correction dragged the index lower to end the session at 24,413.50 with a loss of 65.55 points. "Media was the top gainer among the sectors followed by energy while profit-booking-led correction was seen in the FMCG segment. On the daily chart, the index has formed a spinning top candlestick pattern indicating indecisiveness between the bulls and bears. The level of 24,200 will remains a crucial support while 24,560 is considered as an immediate resistance", Gaggar continued. Out of the 2,770 stocks traded during the day, 1,992 stocks saw advances, while 700 declined, and 78 others remained unchanged. 130 stocks hit their 52-week high during the day, while 14 stocks hit their 52-week low price. 210 stocks hit the upper circuit, or maximum permissible trading price during a singular trading session, while 46 stocks hit the lower circuit, or the minimum permissible price allowed during one trading session.

You Searched For "HDFC AMC share price" and got 9 results

Muhurat trading 2024: 5 stock picks you can consider this time around

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HDFC AMC Q1 profit after tax jumps 52% to ₹477 cr

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Sensex, and Nifty rebound to greens, metals and banks lead the rally on bourses today

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Stock market closing: Sensex, Nifty close the day in red, IT, metal, realty and oil and gas indices dip 1% each

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Stock market closing: Nikkei makes a sharp rebound, Sensex ends below 79k and Nifty slips below 24k

Ira Alok Puranik

Stock market closing: Nifty inches past 25,000-mark, Tata Steel, Hero Moto Corp amidst day's leading laggards

Ira Alok Puranik

Sensex hits 85,000 level but closes flat as FMCG, banking shares drag

BI India Bureau

Sensex, Nifty snap 3-day winning run on selling in IT, banking shares

PTI

Stock market closing: Sensex dips 280 points to close in red, Nifty closes 0.27% down

Ira Alok Puranik

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