Sensex slips 372 points, Nifty below 16K; Reliance, HDFC twins sink 2%

The BSE Sensex fell 372 points at close to 53,514. The index had previously risen 325 points to the day's high.

4:15 PM

Nifty tech view: Key resistance for index at 15,800

Benchmark indices made a gap opening today amid positive global market cues and in line inflation data which was released yesterday.

 

Markets continued to trade in green in the morning session as investor sentiments were uplifted on the back of robust growth in industrial production (IIP) for the month of May at 19.6%. 

However, Nifty entered into negative terrain in the afternoon session and slipped below 16,000 as rupee hit record low for the third straight day.

Investors will be eyeing the US inflation data that is expected to be released today.

 

Investor sentiments also got hit after a private report stated that India’s fiscal deficit is likely to touch $105 billion i.e. 3% of GDP.

 

On the technical front, the key resistance level for Nifty 50 is 15,800 and on the downside, 16,200 can act as strong support. The key support and resistance levels for Bank Nifty are 34,500 and 35,500 respectively.

Views by Mohit Nigam, Head - PMS, Hem Securities 

4:12 PM

Closing view: Global markets in bear grip ahead of US inflation data

Strong domestic macro numbers and a fall in crude prices lifted Indian indices to open in positive territory while the gains were restrained by Europe’s negative market trend.

In line with expectations, the Indian CPI numbers eased marginally to 7.01%. Global markets were in a bear grip ahead of the release of the US inflation data which is expected to touch fresh highs of 8.8% owing to surge in gasoline and food costs.

Views by Vinod Nair, Head of Research at Geojit Financial Services.

4:10 PM

Rupee weakens by 3 paise to close at 79.63/$

4:07 PM

Shilpa Medicare surges 5% on receiving GMP certificate by UK regulator for new Bengaluru unit

 

 

4:04 PM

Mahanagar Gas gains 1% after raising CNG prices by Rs 4/kg in Mumbai

The company also increased domestic PNG prices by Rs 3/SCM to Rs 48.50/SCM, Bloomberg reported citing an emailed statement.

 

 

4:02 PM

CARE Ratings soars 15%; co to mull buyback on Jul 20

 

 

4:01 PM

Rossell India ends lower; co approves its merger with BMG Enterprises

 

3:58 PM

Market breadth remains split between winners & losers

 

3:56 PM

Private banks, oil & gas indices tank most; Pharma, FMCG outshine

 

3:53 PM

Broader markets close mixed; MidCaps firmly outperform

 

3:52 PM

Nifty losers: Financials, RIL, Airtel drag index to near day's low

 

3:50 PM

Nifty winners: Divis', HUL, JSW Steel, Cipla top gainers

 

3:47 PM

Sensex Heatmap: IndusInd Bank, Airtel tank 3%; 14 shares in red

 

3:45 PM

Closing Bell: Nifty50 ends below 16K on shedding 92 points; 23 shares end in red

 

3:44 PM

Closing Bell: Sensex ends 700 pts lower from day's high

 

3:25 PM

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3:15 PM

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3:02 PM

Gold prices steady as investors stand by for US inflation figures

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2:48 PM

BSE Midcap rises over 100 points; Clean Energy surges 5%

2:36 PM

European markets edge lower in trade

2:22 PM

Pharma stocks in pink of health; Laurus Labs gains 3%

2:09 PM

Global Check:: US stock futures marginally in green

Source: Investing.com

2:02 PM

Windfall tax review more likely now after fall in global crude prices

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1:56 PM

S&P BSE Sensex 30 Heatmap:: HUL, Asain Paints hold firm gains; RIL, HDFC twins weigh

1:51 PM

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1:40 PM

BSE 500:: Stocks falling significantly from the highs of the day

Adani Green has tumbled nearly 10 per cent from its high of the day so far. Similarly, Vakrangee, Responsive Industries, Suzlon Energy and KEC International were some of the other prominent stocks to lose notable ground from the highs of the day on Wednesday.

1:33 PM

IIP growth up just 1.7% compared to pre-Covid periods, manufacturing lags

Flat growth may prompt the monetary policy committee not to go for an aggressive rate hike in August. READ MORE

1:26 PM

Rupee hits record low for a third straight session; touches 79.66 vs dollar

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1:13 PM

KEC Intl, Macrotech, Godrej Cons: 5 breakout stocks to buy among Nifty 500

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1:07 PM

Market Check:: Sensex near day's low, down nearly 200 points