Sensex gyrates 294 pts, ends 19 pts down; Nifty holds 15,900; IT, banks dip

The mid- and small-cap indices meanwhile, outperformed and ended over 0.4 per cent higher each

4:05 PM

MARKET CLOSING COMMENTS :: Deepak Jasani, Head of Retail Research, HDFC Securities

Indian markets ended almost flat on July 16 even as interest returned to largecaps and volumes expanded. After making new intra day highs, mixed Asian and European markets weighed on the local markets. IT stocks came under profit booking despite encouraging numbers from Infosys and Wipro. Realty, Metals and Telecom stocks gained.  New age companies like IRCTC, BSE, ICICI Sec, CDSL, Angel Broking etc attracted fresh buying as investors were willing to bet on their long term growth trajectory. Zomato’s IPO got oversubscribed comfortably on the last day.

 

Nifty has found it difficult to breach 16000. Sectoral rotation could continue while select stocks could attract buying based on news and developments. On a weekly basis, Nifty has ended with a 1.49% gain after two weeks of losses. The coming week will witness more Q1 results (key among them being ACC, HCL Tech, Asian Paints, Bajaj Finance, Bajaj Auto, HUL, JSW Steel, ICICI Bank, ITC) and the stocks could react to these announcements.  The indices could continue to edge upwards in the coming week which is a truncated week with a holiday on Wednesday. Retail investors could do a bit of reshuffling from the smallcaps into mid and largecaps. 

3:53 PM

Tech View :: Rohit Singre, Senior Technical Analyst at LKP Securities

Index opened a day with gap up but saw some profit booking since the start of the day and closed a day at 15923. It seems the index has retested its breakout zone and is all set to move northwards, supports are shifted to 14850-14800 zone holding above said levels structure positive & any dip around said levels will be again buying opportunity with keeping stop out levels below 14770 zone and resistance is coming near 15960-16000 zone above 16k mark we may see the good move.

3:52 PM

MARKET VIEW :: Vinod Nair, Head Of Research at Geojit Financial Services

Indian market opened with gains however failed to maintain and ended flattish as profit booking was triggered in major sectors barring pharma. Buying interest was seen in the Pharma sector in anticipation of strong Q1 results. The risk of profit booking is rising due to elevated performance and lack of direction from the western developed markets with flat performance recently. FIIs continue as net sellers in the domestic equity market during the past few days.

3:51 PM

Tatva Chintan IPO subscribed 4 times on Day 1 itself

3:51 PM

Zomato IPO subscribed 38 times by 3.45 pm

-- The issue closes today

3:49 PM

Cyient hits 52-week high in intraday, ends 12% up

3:48 PM

Kitex Garments slips for 2nd day in a row

3:46 PM

Wipro ends flat after hitting new high on healthy June quarter performance

3:45 PM

Angel Broking surges 20% post Q1 show

>> In Q1FY22, Angel Broking’s net profit more-than-doubled at Rs 121.4 crore from Rs 47.3 crore in Q1FY21. On a sequential basis, profit grew 19 per cent from Rs 101.9 crore in Q4FY21. Gross revenues grew 92 per cent year-on-year and 13 per cent quarter-on-quarter at Rs 474.50 crore.

 

3:40 PM

BSE Midcap index ends 0.45% higher

-- The index hit fresh record peak of 23151.67 in intra-day

3:39 PM

BSE Smallcap index clocks another strong day

- The index had hit record high of 26510.32 in trade

3:37 PM

India VIX eases over 4.5%

The volatility index India VIX settled at 11.7, down 4.6 per cent

3:36 PM

Sector Watch :: Nifty IT, Nifty Private Bank decline the most

3:35 PM

Sensex Heatmap :: Top gainers & losers at close

3:33 PM

CLOSING BELL: Sensex snaps 2-day winning run; Nifty ends flat

BSE Sensex ended its two-day winning streak and settled at 53,140, down 19 points or 0.04%. Its NSE counterpart Nifty50 closed the day 0.80 points or 0.01 per cent lower at 15,923.