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Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most

Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.

SI Reporter New Delhi
Sensex
(Photo: Bloomberg)

2 min read Last Updated : Jun 30 2022 | 4:40 PM IST

Key Events

4:21 PM

Nifty tech view: Index stuck in sideways trend

The Nifty index is stuck in a sideways trend where the immediate support is placed at 15,700 and resistance is at 15,900 level.

The index once breaches the level of 15,900 on the upside will see sharp short covering on the upside towards 16,200 levels.

The lower-end support if broken can see a fall towards 15,500-15,400 zone where fresh put writing has been seen.
 
The immediate support on the downside is placed at 33,200-33,000 zone and the upside resistance is placed at 34,000 where a significant amount of call writing has been observed. The index needs to break out of this range on either side for getting a directional move.

Views by Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.


4:15 PM

Closing view: Banks, Energy stocks helped recover from lows

"Shaking off a weak lead from the global market, domestic indices recouped its losses backed by banking and energy stocks. Asian and European markets struggled to regain footing amid global recession fears, leading to a resurgent US dollar, which benefitted from safe-haven demand. FII selling nearing exhaustion provided comfort to the jittery Indian market". 

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

 

4:10 PM

Nifty Banks, Financials sole sectoral gainers; Metals, IT Realty, Auto top drags

 

4:05 PM

Broader markets suffer larger cuts; end up to 0.9% lower

 

4:00 PM

Nifty top 5 losers and winners

 

3:55 PM

Sensex heatmap: 19 of 30 shares close in red; Banks lead gains

 

3:50 PM

Closing Bell: Nifty sheds 19 points, ends below 15,800

 

3:45 PM

Closing Bell: Sensex erases 360 point gain to end flat

 

3:11 PM

Rupee relatively better placed than other global currencies against USD: FM

The rupee breached the psychologically significant level of 79 per dollar level for the first time ever on Wednesday and has also hit a series of new lows this month. Read here

3:03 PM

Delta Corp cracks 9%, stock nears 52-week low amid taxation uncertainty

The GST Council has decided to refer the report of the Group of Ministers on casinos, online gaming and horse racing back to the panel of ministers for further deliberation. READ MORE


2:49 PM

S&P BSE Metal down over 250 points; Vedanta, NALCO shed 3%

2:41 PM

Telcos' 5G bids seen muted as private firms jostle for airwaves: Report

Top telecom giants have failed to lobby govt to stop private networks allocation that will let various enterprises to get airwaves without auction. READ MORE


2:33 PM

Gold prices set for worst quarter since early 2021 as dollar dominates

Spot gold was flat at $1,817.01 per ounce by 0615 GMT. U.S. gold futures were little changed at $1,816.90. READ MORE


2:23 PM

Pricol, Minda: Here's why you should consider buying auto ancillary stocks

According to the technical charts, auto ancillary stocks, like Talbros Automotive, Jupiter Wagons and Minda Industries are likely to rise another 15 per cent in the upcoming trading sessions. READ MORE


2:17 PM

IOC to invest Rs 740 crore to raise Digboi refinery capacity in Assam

In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes. READ MORE


CLOSING BELL

Stock market highlights: 
The equity markets ended Thursday's volatile session on a tepid note, erasing the day's gains amid weakness in US stock futures, European markets and due to the weekly F&O expiry.
 

The key benchmark indices kept swinging between the red and green zones throughout the choppy session and closed flat. The BSE Sensex closed 8 points lower at 53,018. The index had risen 136 points to touch an intra-day high of 53,377. 

The NSE Nifty50 index closed 19 points down at 15,780. The index had moved 90 points higher to its day's high of 15,890.

On the Sensex, only 11 stocks closed in green. Axis Bank, SBI, Kotak Bank, NTPC, L&T, Reliance, ICICI Bank, Titan and PowerGrid rose 0.3-1.7 per cent. Divis Labs, Britannia and SBI Life were the additonal winners on the Nifty. 

On the downside, Tech M, Bajaj twins, Tata Steel, IndusInd Bank, HCL Tech, M&M, Nestle, Ultratech Cement, Eicher Motors, Cipla, BPCL JSW Steel, Shree Cement and Coal India were the top drags across the two benchmarks, closing up to 3.5 per cent lower. 

The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.  
 
Sectorally, Nifty Banks and financials were the sole outperformers, ending around 0.5 per cent up. On the flip side, metals led losses closing 2 per cent down. Other top drags were auto, IT, realty, and PSBs, which cracked a per cent each. 

Topics :SensexInflationMARKET LIVENiftyBSE NSEMidcap smallcap stocksIndian marketsRIL stockCrude Oil PriceTata SteelPVRbiocon stockBuzzing stocksStock to watchMarket trendsEquity marketsMarkets F&OReliance IndustriesHDFCCrude OilFederal Reserve

First Published: Jun 30 2022 | 8:18 AM IST