CLOSING BELL: Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent

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	<b>CLOSING BELL<br />
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	Stock market highlights:&nbsp;</b>The volatile day in the markets ended mildly above the flat line on Friday as investors awaited India&#39;s retail inflation data for July. The S&P BSE Sensex gyrated around 425 points, before closing 130 points, or 0.22 per cent, higher at 59,463. The Nifty50 closed at 17,698, up 39 points or 0.22 per cent.</div>
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	In the broader markets, the BSE MidCap and SmallCap indices closed 0.15 per cent and 0.4 per cent higher, respectively. Among sectors, the Nifty IT and Pharma indices fell 1.15 per cent each, while the Nifty Oil and Gas index rose over 2 per cent.</div>
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	<strong>Stock of the day: Tata Elxsi</strong></div>
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	Shares of Tata Elxsi hit a new high at Rs 10,150 as they rallied 6.8 per cent on the BSE in Friday&rsquo;s intra-day trade on the back of strong growth outlook. Tata Elxsi is a subsidiary of Tata Sons. <a href="https://www.business-standard.com/article/markets/this-tata-group-stock-inches-towards-rs-10-000-mark-zooms-133-in-one-year-122081200310_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700

Business Standard

Sensex ends choppy day 130pts up ahead of inflation data; Nifty below 17700 | News on Markets - Business Standard

OPENING BELL | Sensex opens weak; sheds 60 points

Pre-open session: Nifty settles flat at 17,659

Pre-open session: Sensex falls 100 points

CURRENCY ALERT | Rupee weakens 4 paise to open at 79.67/$

Stocks to Watch: Bata India, Page Inds, NMDC, Apollo Hospitals, Oil India

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	Stocks to watch today: LIC, ONGC, HAL will report their June quarter results (Q1FY23) on Friday, August 12; NMDC hikes prices of lump iron ore by Rs 200 a tonne and fines by Rs 100 a tone. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-today-bata-india-page-industries-nmdc-apollo-hospitals-oil-india-q1-results-122081200119_1.html" target="_blank"><strong>Read here</strong><br />
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F&O Strategy: Nandish Shah recommends a Bull Spread on Lupin

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	The technical analyst from HDFC Securities recommends buying Lupin 700 Call and simultaneously selling 720 Call for the August series. <a href="https://www.business-standard.com/article/markets/f-o-strategy-nandish-shah-recommends-a-bull-spread-on-lupin-122081200133_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="Lupin" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-09/26/full/1537979166-0877.jpg?im=Resize,width=640" /></a></div>

Here's why Mehul Kothari expects NMDC, Wipro to gain in the near term

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	According to the technical analyst from Anand Rathi, NMDC can rally to Rs 124, while Wipro can surge to Rs 477-odd level. <a href="https://www.business-standard.com/article/markets/here-s-why-mehul-kothari-expects-nmdc-wipro-to-gain-in-the-near-term-122081200128_1.html" target="_blank"><strong>Read here</strong><br />
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	<img alt="Markets, bulls, bears, stocks, trading, technicals, market technical, technical analysis" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2021-05/20/full/markets-bulls-bears-stocks-trading-technicals-market-technical-technical-analysis-1621493660-65622620.jpg?im=Resize,width=640" /></a></div>

WATCH | Will Adani Wilmar, Patanjali Foods run out of steam as govt cuts edible oil prices?

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	The govt has directed edible oil suppliers to cut prices by as much as Rs 40 per litre to bring down inflation. Will players like Adani Wilmar and Patanjali Foods bear the brunt? Let us find out.<br />
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DIIs sell shares worth Rs 730 crore Thursday

FIIs buy Rs 2,298 crore of shares Thursday

Global rate hikes: Argentina central bank hikes rates by 950 bps

Argentina&rsquo;s central bank raised its benchmark interest rate by 950 basis points on Thursday as the country struggles with spiraling inflation that rose to a 20-year high of 71%<br />
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source: CNBC

Rupee weakens 12 paise to close at 79.64/$

IEA raises oil demand forecast: Brent moves up to $99/bbl levels

The International Energy Agency raised its oil demand growth forecast for this year as soaring gas prices drive some consumers to switch to oil.<br />
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US equity futures trade with tepid gains in overnight trade

SGX Nifty  hints positive open for markets, up 30pts

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