F&O expiry: Nifty holds 16,800, Sensex dips 188 pts day ahead of RBI policy
CLOSING BELL: ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank sank
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CLOSING BELL
Stock market highlights: Equity markets settled lower after a volatile day on Thursday, the day of the monthly F&O (derivatives) expiry, as global cues remained unsupportive.
The S&P BSE Sensex ended at 56,410, down 188 points, while the Nifty50 closed at 16,818, down 41 points. Both the indices fell around 0.3 per cent each, slipping for a seventh consecutive session.
In the broader markets, the Nifty MidCap, and SmallCap indices added 0.4 per cent, and 0.6 per cent, respectively.
ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Abbott India, Jindal Steel, Escorts, tata Chemicals, SPARC, PVR, Suzlon Energy, and Allcargo Losgistics surged in the broader market space.
On the flipside, Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank, Dr Lal Path Labs, Vodafone Idea, Deepak Nitrite, Zendar Technologies, and Intellect Design Arena tumbled in trade today.
Among sectors, the Nifty Pharma index gained 1.3 per cent, followed by the Nifty PSU Bank index (up 1.1 per cent). On the downside, the Nifty IT index fell 0.9 per cent.
Global cues
Stock market highlights: Equity markets settled lower after a volatile day on Thursday, the day of the monthly F&O (derivatives) expiry, as global cues remained unsupportive.
The S&P BSE Sensex ended at 56,410, down 188 points, while the Nifty50 closed at 16,818, down 41 points. Both the indices fell around 0.3 per cent each, slipping for a seventh consecutive session.
In the broader markets, the Nifty MidCap, and SmallCap indices added 0.4 per cent, and 0.6 per cent, respectively.
ITC, Dr Reddy's Labs, Tata Steel, Sun Pharma, M&M, NTPC, and Nestle India were the top large-cap winners, while Abbott India, Jindal Steel, Escorts, tata Chemicals, SPARC, PVR, Suzlon Energy, and Allcargo Losgistics surged in the broader market space.
On the flipside, Asian Paints, Tech M, Wipro, TCS, Titan, Kotak Bank, Dr Lal Path Labs, Vodafone Idea, Deepak Nitrite, Zendar Technologies, and Intellect Design Arena tumbled in trade today.
Among sectors, the Nifty Pharma index gained 1.3 per cent, followed by the Nifty PSU Bank index (up 1.1 per cent). On the downside, the Nifty IT index fell 0.9 per cent.
Global cues
European stocks fell on Thursday as the initial reprieve after the Bank of England stepped in to calm the markets seemingly faded. The pan-European Stoxx 600 fell 1.6 per cent by mid-morning, with autos dropping 3.4 per cent to lead losses.
Futures on Wall Street for all three main indices were also down between 0.8 per cent and 1 per cent. Earlier in Asia, indices ended mixed with Nikkei rising 0.9 per cent, and Hang Seng slipping 0.5 per cent.
Futures on Wall Street for all three main indices were also down between 0.8 per cent and 1 per cent. Earlier in Asia, indices ended mixed with Nikkei rising 0.9 per cent, and Hang Seng slipping 0.5 per cent.
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Rupee closes marginally higher against US dollar, RBI intervention seen
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GLOBAL CHECK | European markets plunge on weak global cues
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GLOBAL CHECK | US equity futures fall: Dow Futures down 200pts
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MARKET COMMENT: Vinod Nair, Head of Research at Geojit Financial Services
The initial upticks of the domestic market were short-lived due to its weak global peers and declining rupee. As the yield differential between India and the US fell to a multi-year low of 348 bps, foreign investors are still departing from the Indian market. Amid the ongoing global trend of aggressive rate hikes, markets are braced for a 50 bps increase by RBI. Investors eagerly await the central bank’s intervention to aid bank liquidity, curb currency depreciation, and provide updates on its monetary stance & GDP outlook.
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Asian Paints, Hero Moto, Tech Mahindra top Nifty50 losers
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Broader markets outperform benchmark; India VIX slips 3%
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Nifty PSU Bank, Nifty Media, Nifty Pharma climb over 1%
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SENSEX HEATMAP: 14 out of 30 index constituents in green
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CLOSING BELL: Nifty50 closes below 16,850 levels
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CLOSING BELL: Sensex extends slide to seven days, down over 150 points
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Global markets :: Italy Producer Price Index soars 50.5% YoY
⚠️BREAKING:
*ITALY AUGUST PRODUCER PRICE INFLATION SOARS 50.5% Y/Y; PREV. 45.9%
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Reliance's retail unit launches its first in-house fashion store Azorte
Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store, as the billionaire Mukesh Ambani-led company continues to enter India's luxury market. READ MORE
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Increased construction activity to balance cement demand: India Cements
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Topics : MARKET LIVE MARKET WRAP Markets S&P BSE Sensex NSE Nifty Dalal Street stock markets RBI monetary policy stock market trading Global Markets Rupee vs dollar Nykaa Anupam Rasayan India Ltd. Torrent Pharmaceuticals US markets Crude Oil Price Blue Dart Express
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First Published: Sep 29 2022 | 8:21 AM IST
