Sensex ends 33 pts down in choppy trade; HDFC duo drops 3%, Maruti up 3.5%

Closing Bell on July 5, 2023: The Nifty50 ended at 19,399 level, up 10 points or 0.05 per cent, rising for a seventh consecutive session

Photo: Bloomberg

Stock market highlights: Snapping its five-day winning run, the S&P BSE Sensex settled 33 points, or 0.05 per cent, lower at 65,446 levels on Wednesday. The Nifty50, on the other hand, ended at 19,399 level, up 10 points or 0.05 per cent, rising for a seventh consecutive session.

The gains were, however, capped by selling pressure in HDFC twins (down 3 per cent each), Eicher Motors (2.7 per cent), Tata Consumer Products, Hindalco, Bajaj Finserv, Hindalco, UPL, JSW Steel, Tata Motors, Wipro, and Axis Bank.

On the upside, Divis Labs (up 6 per cent), Bajaj Auto, HDFC Life, Hero MotoCorp, Maruti Suzuki, Tech M, IndusInd Bank, HUL, ITC, and ICICI Bank lent support.

The broader BSE MidCap and Smallcap indices, on the flipside, gained up to 0.7 per cent. M-cap of BSE listed firms hit Rs 300 trillion on Wednesday.

Among sectors, the Nifty Auto and FMCG indices advanced over 1.5 per cent each, followed by the Nifty PSU Bank index (up 1 per cent). On the downside, the Nifty Financial Services index slipped 0.8 per cent.

IPO Update

Senco Gold IPO was subscribed 2-times till 3:30 PM on the second day of the offer with portion set aside for retail investors seeing subscription level of 3 times, NII 2 times, and QIB 12 per cent. The offer closes on Thursday, July 6.

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