Sensex falls 732 pts from day's high, ends 100 pts down; Rupee at new low
CLOSING BELL: n the broader markets. the BSE MidCap index fell 0.4 per cent, but the BSE SmallCap inde rose by 0.2 per cent
 "MARKET LIVE: Sensex, Nifty slip into red; IT pack weak, US futures slide")
CLOSING BELL
Stock market highlights: An eventful day for the markets, where the benchmark Nifty50 index reclaimed the 16,000-mark in the intra-day trade for the first time since June 10, met with an anti-climatic end. Equities erased gains and ended lower on Tuesday after US stock futures suggested weaker opening for Wall Street later tonight.
The S&P BSE Sensex zoomed 631 points during the day, but settled 100 points, or 0.19 per cent, lower at 53,134. The Nifty50, too, hit a high of 16,026 intra-day, before closing at 15,811, down 26 points or 0.15 per cent.
PowerGrid, Shree Cement, Apollo Hospitals, Hindalco, Bajaj Finserv, ONGC, Tata Motors, and HUL were the top gainers on the 50-pack index, while ITC, Wipro, HDFC Life, Britannia Industries, Maruti Suzuki, and M&M were the top draggers.
Overall, the Nifty Metal index was the best performing sectoral index today, up 0.3 per cent. On the flipside, the Nifty IT index slipped 0.7 per cent.
In the broader markets. the BSE MidCap index fell 0.4 per cent, but the BSE SmallCap inde rose by 0.2 per cent. Little over 1,700 stocks advanced on the BSE today, as against around 1,570 stocks that closed in the red.
Q1FY223 Preview
Stock market highlights: An eventful day for the markets, where the benchmark Nifty50 index reclaimed the 16,000-mark in the intra-day trade for the first time since June 10, met with an anti-climatic end. Equities erased gains and ended lower on Tuesday after US stock futures suggested weaker opening for Wall Street later tonight.
The S&P BSE Sensex zoomed 631 points during the day, but settled 100 points, or 0.19 per cent, lower at 53,134. The Nifty50, too, hit a high of 16,026 intra-day, before closing at 15,811, down 26 points or 0.15 per cent.
PowerGrid, Shree Cement, Apollo Hospitals, Hindalco, Bajaj Finserv, ONGC, Tata Motors, and HUL were the top gainers on the 50-pack index, while ITC, Wipro, HDFC Life, Britannia Industries, Maruti Suzuki, and M&M were the top draggers.
Overall, the Nifty Metal index was the best performing sectoral index today, up 0.3 per cent. On the flipside, the Nifty IT index slipped 0.7 per cent.
In the broader markets. the BSE MidCap index fell 0.4 per cent, but the BSE SmallCap inde rose by 0.2 per cent. Little over 1,700 stocks advanced on the BSE today, as against around 1,570 stocks that closed in the red.
Q1FY223 Preview
Amid eroding consumer confidence and flaring inflation, India Inc will kick-start its April-June quarter (Q1FY23) earnings season this week. The period assumes significance as investors will watch out for the full-fledged impact of the Ukraine-Russia war, and the subsequent cost inflation. READ MORE
BS Special
BS Special
The government’s decision to impose excise duty on crude oil may have another casualty – the sentiment across public sector (PSU) stocks, said analysts, who feel the move will dampen investment sentiment across this space. That apart, the government's plan to mobilize funds via the privatisation route may also feel the heat going ahead, they said. READ MORE
4:08 PM
Views by Rupak De, Senior Technical Analyst at LKP Securities
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Nifty tech view: Trend may remain positive as long as index sustains above 15,800
Indian equities witnessed volatility as the Nifty failed to absorb selling pressure from the call writers leading to a close around the day's low.
Despite the selling, the Nifty held above the near-term moving averages.
The trend is likely to remain positive as long as it sustains above 15800. On the higher end resistance is visible at 16000/16200.
Despite the selling, the Nifty held above the near-term moving averages.
The trend is likely to remain positive as long as it sustains above 15800. On the higher end resistance is visible at 16000/16200.
Views by Rupak De, Senior Technical Analyst at LKP Securities
4:06 PM
Views by Vinod Nair, Head of Research at Geojit Financial Services
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Closing view: Uncertainty on recession, tightening monetary policy weighing on markets
Domestic market had started strong by extending its yesterday’s gains supported by strong macro numbers but global bourses opened weak to close with marginal losses.
The current trend in the global market indicates that the uncertainties around recession and tightening monetary policy continues to haunt investors’ confidence.
Dollar index opened sharply high affecting the performance of emerging currencies, depreciating INR.
The current trend in the global market indicates that the uncertainties around recession and tightening monetary policy continues to haunt investors’ confidence.
Dollar index opened sharply high affecting the performance of emerging currencies, depreciating INR.
Views by Vinod Nair, Head of Research at Geojit Financial Services
4:03 PM
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PTC India closes in 20% upper circuit; co receives satisfactory report by lenders-appointed agency
4:01 PM
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Marico slips 1% after acquiring additional 4% stake in Apcos Naturals
3:57 PM
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Radhe Developers soars 5%; co fixes July 15 as record date for stock split
3:55 PM
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Investors book profit in MMTC; co completes sale of Neelchal Ispat
3:53 PM
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Marksans Pharma surges over 14%; co to mull buyback on Friday
3:50 PM
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SmallCaps outshine broader market peers; buck overall trend
3:49 PM
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Financials pare day's gains; metals, pharma, energy packs defy trend
3:48 PM
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Nifty losers: ITC, Wipro, Maruti among top drags
3:46 PM
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Nifty winners: Shree Cement, PowerGrid, Bajaj Finserv limit downside
3:45 PM
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Sensex Heatmap: 11 of 30 shares end higher; Reliance, HUL lend support
3:44 PM
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Closing Bell: Nifty holds 15,800; erases 214 points-intraday gain
3:43 PM
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Closing Bell: Markets slip back into red after a day's relief; Sensex sheds 100 pts
3:30 PM![]()
Your mutilated banknote is money still: RBI rules for currency exchange
Soiled, mutilated or imperfect currency notes are not useless. Such notes can be exchanged by any bank branch or Reserve Bank of India (RBI) issue office on the condition that they are not fake. READ MORE
Topics : Sensex MARKET LIVE MARKET WRAP Indian markets Nifty BSE NSE stocks to watch Trading strategies Market trends Buzzing stocks HDFC HDFC Bank Tata Motors Punjab National Bank Vedanta Midcap smallcap stocks Sensex Markets Crude Oil Price Metal stocks
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First Published: Jul 05 2022 | 8:01 AM IST
