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.
 "Sensex")
(Photo: Bloomberg)
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.
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.
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. 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.
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.
4:21 PM
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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 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.
Views by Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities.
4:15 PM
Views by Vinod Nair, Head of Research at Geojit Financial Services.
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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
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Nifty Banks, Financials sole sectoral gainers; Metals, IT Realty, Auto top drags
4:05 PM
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Broader markets suffer larger cuts; end up to 0.9% lower
4:00 PM
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Nifty top 5 losers and winners
3:55 PM
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Sensex heatmap: 19 of 30 shares close in red; Banks lead gains
3:50 PM
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Closing Bell: Nifty sheds 19 points, ends below 15,800
3:45 PM
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Closing Bell: Sensex erases 360 point gain to end flat
3:11 PM![]()
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Topics : Sensex Inflation MARKET LIVE Nifty BSE NSE Midcap smallcap stocks Indian markets RIL stock Crude Oil Price Tata Steel PVR biocon stock Buzzing stocks Stock to watch Market trends Equity markets Markets F&O Reliance Industries HDFC Crude Oil Federal Reserve
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First Published: Jun 30 2022 | 8:18 AM IST
