News for Oracle Financial Services Software Limited (OFSS.NS)

Indian markets ended flat on Friday, with gains in Reliance Industries offsetting losses in IT stocks amid cautious market sentiments. Global uncertainties due to U.S. tariffs and trade policy concerns weighed on investor sentiment. While Nifty showed short-term potential, analysts suggest focusing on large caps and fundamental stocks for future growth amidst ongoing market volatility.

NSE announced changes in Nifty indices constituents effective March 28, impacting various companies and stock prices.

Factor investing in India combines active and passive strategies, aiming for higher returns through smart beta models and indices.

The Indian market extended its winning streak to a third session, driven by gains in financials and Reliance Industries. Positive sentiment followed softened U.S. inflation data, boosting hopes for a Federal Reserve rate cut. Wall Street also saw strong earnings reports, further enhancing market sentiment.

Among sectors, Jain is overweight on automobiles, private banks, cement, consumer and chemicals

Oracle Financial Services Software, Siemens and Cummins India are among top 10 foreign MNC shares listed in India in terms of market capitalisation growth

UBS Group AG sold shares of seven companies, including Oil India Ltd. and Dixon Technologies (India) Ltd., for Rs 4,961 crore via open market transactions on Friday. The Swiss financial services company offloaded shares of seven companies through separate bulk deals on the National Stock Exchange through its affiliate UBS Principal Capital Asia offloaded shares of seven companies.

Swiss financial services company UBS Group AG on Friday sold shares of seven companies, including Oil India and Dixon Technologies (India), for Rs 4,961 crore via open market transactions.

A shareholder of Dixon Technologies India Ltd. sold 1.15% stake in the company for Rs 904.12 crore through open market transactions on Friday. UBS Principal Capital Asia Ltd. offloaded 6.86 lakh shares, or 1.15%, at Rs 13,178.47 apiece, according to the bulk deal data on the NSE. The details of the buyers were not disclosed.

Stock Market: A total of 19 stocks have declined over 20% thus far in the calendar year 2024, even as the Sensex and Nifty have rallied up to 14%; here are the key levels to watch out on these 6 stocks.

Oracle Financial Services Software Ltd. on Wednesday reported a 10.17% sequential rise in net profit for the first quarter of this financial year, beating analyst estimates.

The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.

Based on the OI percentage, a total of 74 stocks were on the short-covering list which included Vodafone Idea, IndiaMART InterMESH, Biocon, Page Industries, and Sun TV Network.

Stocks to watch: Check out the companies making headlines before the opening bell today, on March 28, 2024.

Nifty on Monday ended 32 points higher to form a small positive candle on the daily chart with minor upper and lower shadow. During the day, Nifty managed to hold on to the support zone of 21,900 – 21,850 where support parameters in the form of the 40-day average and the previous swing low were placed.

Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement.

A short build-up was seen in 67 stocks including Canara Bank, Oracle Financial Services Software, India Cements, Metropolis Healthcare, and IndiaMART InterMESH.

A long build-up was seen in 98 stocks, which included ABB India, Eicher Motors, Siemens, Maruti Suzuki India and Oracle Financial Services Software

Nifty on Thursday ended 162 points higher to form a long bull candle with a long lower shadow on the daily charts as the short-term trend of Nifty turned up sharply after a small decline.