Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%
CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance
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CLOSING BELL
Stock market highlights: Benchmark indices rose for a fifth straight day, albeit amid volatility, as losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance.
Stock market highlights: Benchmark indices rose for a fifth straight day, albeit amid volatility, as losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance.
After staying around 250 points lower for better part of the day, the S&P BSE Sensex bounced 583 points from the lows to hit a high of 58,328 during the day. The 30-pack index eventually closed at 58,136, up 21 points or 0.04 per cent. The Nifty50, on its part, recovered from the lows of 17,216 to end at 17,345, up 5 points or 0.03 per cent.
In the broader market, the BSE MidCap and SmallCap indices advanced up to 0.5 per cent. Sectorally, the Nifty PSU Bank index surged 2.7 per cent, while the Nifty Realty index fell 1.7 per cent.
BS Special :: What's on FPIs' buying list?
In the broader market, the BSE MidCap and SmallCap indices advanced up to 0.5 per cent. Sectorally, the Nifty PSU Bank index surged 2.7 per cent, while the Nifty Realty index fell 1.7 per cent.
BS Special :: What's on FPIs' buying list?
Banks, information technology, capital goods and the automobile sectors could be on foreign portfolio investors’ radar as they turn back focus to Indian equities after a gap of around nine months, said analysts. While most analysts believe that the worst could be over as regards FII/FPI selling – and hence equity markets – they do warn against intermittent selling on the basis of macro-economic and geopolitical developments and how the policy-makers react to it. READ MORE
4:03 PM
Expert View:: Vinod Nair, Head of Research at Geojit Financial Services
"Global indicators did not favour bulls, with most Asian and Western markets trading over concerns of rising geopolitical tension between the US and China. Additionally, economic data point to a decrease in demand, major markets throughout the world are trading with recessionary fears. The domestic market, however, has proven resilient thanks to increased demand in heavyweights and a strengthening Indian rupee underpinned by falling US treasury yields & FIIs buying"
4:02 PM
Expert View:: Rupak De, Senior Technical Analyst at LKP Securities
"Nifty remained rangebound during the day as the index remained within the bands of 17,200 and 17,400. On the daily chart, the index has maintained its uptrend. The daily RSI is in bullish crossover and rising. The trend is likely to remain bullish as long as the Nifty holds above 17,000. On the higher end resistance is visible at 17,400-17,500."
4:02 PM
Expert View:: Kunal Shah - Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index continued its upward momentum but failed to surpass the level of 38,000 on a closing basis. The index is already trading in overbought territory on the short-term time frame and a profit booking cannot be ruled out from the current levels. The volatility is likely to increase ahead of the RBI policy and one should keep a buy-on-dip approach with immediate support at 37,400 levels."
3:53 PM
IndiGo up nearly 3% ahead of June quarter results
3:50 PM
Yes Bank extended its three-day winning streak, up 12%
Shares of YES Bank hit the highest level since January 2021. The stock has witnessed a sharp up move after the bank announced to raise equity capital of around 1.1 billion (Rs 8,900 crore) from funds affiliated with two global private equity investors - Carlyle and Advent International. READ MORE
3:47 PM
Zomato rallied 20% after the company narrowed its net loss in June quarter
3:42 PM
Secotoral Movers: Banks, Auto, FMCG outperforms the broader market
3:38 PM
Nifty50:: Top Five Gainers and Losers in trades today
3:36 PM
Sensex 30 Heatmap:: 14 gainers v/s 16 losers
3:35 PM
NSE Nifty50 ekes out 5 point gain at close
3:33 PM
S&P BSE Sensex ends almost flat amid late volatility
3:29 PM
RBI's financial inclusion index rises; showing growth across all segments
The RBI's composite financial inclusion index (FI-Index) capturing the extent of financial inclusion across the country rose to 56.4 in March 2022, showing growth across all parameters. READ MORE
3:22 PM
ALERT :: CCI approves divestment of IDFC AMC, says IDFC
3:17 PM
BSE 500:: Stocks at all-time high
Adani Enterprises, Adani Total Gas, Adani Transmission registered a new all-time high in trades on Tuesday. Similarly, Aster DM Healthcare and Blue Dart Express too logged a new record. VIEW MORE
3:11 PM
Godrej Properties MD Mohit Malhotra resigns
Realty firm Godrej Properties' MD and CEO Mohit Malhotra has resigned from the company, and Gaurav Pandey will succeed him with effect from January 1 next year. READ MORE
Topics : Sensex MARKET LIVE MARKET WRAP Nifty Market trends BSE NSE Indian markets Q1 results Crude Oil Price FII flows ITC Zomato Godrej Properties Siemens Varun Beverages Global Markets stock market investing Trading strategies Buzzing stocks stocks to watch
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First Published: Aug 02 2022 | 8:05 AM IST
