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Market Highlights, July 5: RIL, SBI lead fag-end recovery; benchmarks end flat; HDFC Bank down 4%

Stock Market Highlights on July 5: Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses

SI Reporter New Delhi
BSE, stock market
Photo: Bloomberg

2 min read Last Updated : Jul 05 2024 | 3:47 PM IST

Key Events

3:47 PM

Tech View :: 'Nifty Bank is stuck in 53,000-53,200 range'

The Bank Nifty index witnessed a volatile trading session, mainly declining due to a fall in HDFC Bank. The index is currently stuck in a range with resistance visible at 53,000-53,200, where aggressive call writing is observed, and support at the 52,300-52,100 zone.

The index needs to break decisively on either side for trending moves. However, within the range, the view remains bullish, and declines should be utilized to buy the index.

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

3:46 PM

Tech View :: 'Last-hour spike in Nifty shows resilient bullish trend'

The index started with a gap down. However, after the initial weakness, Put writers returned heavily. The 24,200 level witnessed heavy writing on the put side, marking a short-term support for Nifty. The last-hour spike in the Nifty shows the resilience of the bullish trend. This strength is likely to prevail in the market until it breaks below 24,200 decisively. A fall below 24,200 might induce profit booking in the market.

Views by: Rupak De, Senior Technical Analyst, LKP Securities.

3:43 PM

Currency check :: Rupee ends flat vs US Dollar

3:41 PM

Broader markets :: Mid, SmallCap indices end near record highs

3:39 PM

Sensex Heatmap :: RIL, SBI surge over 2% to help benchmarks trim losses

3:38 PM

Closing Bell :: Nifty ends in green, holds 24,300

3:37 PM

Closing Bell :: Sensex ends sharply off lows aided by RIL

3:24 PM

Bajaj Auto stock up 2% on launch of world's 1st CNG bike; Hero Moto down 3%

In March, Bajaj had said that in CNG bikes, carbon dioxide emission is down by almost 50 per cent, carbon monoxide by 75 per cent, and non-methane hydrocarbons by 90 per cent when compared to gasoline. He had also said it would effectively double mileage or halve the cost of fuel. READ MORE

3:14 PM

Restaurants Brand Asia stock rallies 5% after HDFC Mutual Fund buys stake

Reportedly, Goldman Sachs India Equity Portfolio has sold a total of 88,57,188 shares in June 2024, with transactions including 47,97,361 shares at Rs 104.05 on June 25 and 40,59,827 shares at Rs 105.53 on June 14, totaling approximately Rs 92.76 crore divested from its holdings in Restaurant Brands Asia. READ MORE

3:01 PM

Divgi TorqTransfer Systems surges 11% on Maha govt's 'mega project' status

Shares of Divgi TorqTransfer Systems zoomed 10.6 per cent at 787.15 per share on the BSE in Friday's intraday. This came after the company received a letter from the Ministry of Industries. READ MORE

2:50 PM

IPO ALERT:: EFFWA IPO subscribed 9.9 times on Day 1 of the offer period.


2:41 PM

101 BSE stocks now in Rs 1 trillion market cap club; RVNL, MDL new entrants

RVNL, MDL, Samvardhana Motherson International, Cummins and Indus Towers, have joined the elite club in CY24; These stocks have surged up to 174% thus far this year. READ MORE


2:32 PM

Utkarsh Small Fin Bank stock down 3.5% on muted Q1 loan growth sequentially

Utkarsh Small Finance bank reported a 2.7 per cent Q-o-Q rise in gross loan portfolio. READ MORE

2:19 PM

RBI has cancelled licence of 7 co-operative banks since Jan: Here's why

Co-operative banking involves small financial institutions established by a group to meet the capital needs of their specific community. READ MORE

2:06 PM

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%

The developer has to complete the entire construction and development of the 'new building'; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building. READ MORE


Closing Bell on Friday, July 5, 2024: Equity markets settled in the negative zone on Friday, weighed largely by HDFC Bank, Titan Company, Tata Steel, and M&M. Though the benchmarks fell roughly 0.6 per cent in the intraday trade, they ended flat amid a fag-end recovery led by Reliance Industries.

The BSE Sensex hit an intraday low of 79,479, before ending at 79,997, down 53 points or 0.07 per cent. Similarly, the Nifty50 hit a low of 24,169 before closing at 24,324, up 21 points or 0.09 per cent. 

Shares of RIL gained 2.58 per cent, helping the Sensex, and Nifty indices recoup losses. This was followed by SBI (2.5 per cent), NTPC (1.9 per cent), HUL (1.89 per cent), L&T (1.3 per cent), and Nestle India (1.2 per cent).

HDFC Bank (down 4.4 per cent), Titan Company, M&M, Tata Steel, and Tata Motors weighed.

On the contrary, the BSE MidCap, and SmallCap indices hit record highs in the intraday trade, and closed 0.7 per cent higher each,

Sectorally, the Nifty Private Bank, Financial Services, and Bank indices fell 1 per cent each. On the upside, the Nifty FMCG, Pharma, and PSU Bank indices added more than 1 per cent each.

Topics :Stock MarketMARKET LIVEMARKET WRAPMarket newsstock market tradingMarkets Sensex Nifty

First Published: Jul 05 2024 | 7:30 AM IST