Sensex snaps 4-day losing run, up 345 pts; Nifty tops 16K; Auto, FMCG lead
CLOSING BELL: Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts
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CLOSING BELL
Stock market highlights: Benchmark indices moved sharply higher in the fag-end of the session, closing in the positive zone for the first time this week. The S&P BSE Sensex zoomed 345 points, or 0.65 per cent, to end at 53,761. The Nifty50, on the other hand, closed at 16,049, up 111 points or 0.7 per cent.
Stock market highlights: Benchmark indices moved sharply higher in the fag-end of the session, closing in the positive zone for the first time this week. The S&P BSE Sensex zoomed 345 points, or 0.65 per cent, to end at 53,761. The Nifty50, on the other hand, closed at 16,049, up 111 points or 0.7 per cent.
Tata Consumer Products, Titan, Eicher Motors, HUL, Tata Motors, Maruti, M&M, Nestle India, HDFC, L&T, and BPCL topped the charts, rising over 2 per cent each. Metal and IT stocks, including Tata Steel, HCL Tech, Wipro, and JSW Steel continued to lag, down up to 2.6 per cent.
In the broader market, the BSE MidCap index added 0.85 per cent, driven by IDBI Bank, TVS Motors, BEL, Cummins India, and Cholamandalam Finance. The BSE SmallCap index, too, gained 0.5 per cent.
Sectorally, the Nifty Auto index was the biggest gainer, up 2 per cent. The Nifty Metal, on the contrary, eased 0.8 per cent.
Global check
European stocks were higher on Friday morning, paring some of this week's losses after weaker-than-expected data from China fueled fears of a global economic downturn. The pan-European Stoxx 600 index rose 1 per cent during morning deals, with most sectors and major bourses in positive territory.
On Wall Street, US stock futures rose around 0.2 per cent each, following a disappointing start to the second-quarter earnings season on Thursday.
Earlier in Asia, Japan's Nikkei advanced 0.54 per cent, South Korea's Kospi 0.4 per cent, but China's CSI300 slipped around 2 per cent.
4:10 PM
Views by Rupak De, Senior Technical Analyst at LKP Securities.
Nifty tech view: Index may move towards 16,200 in short-term
The index remained sideward as it had been a lackluster session on the last day of the week.
However, the index was able to reclaim the 16,000 mark at the end. The momentum indicator has ended with a bullish crossover.
Over the short term, the index may move towards 16,170-16,200. On the lower end, support is visible at 15,900-15,850.
However, the index was able to reclaim the 16,000 mark at the end. The momentum indicator has ended with a bullish crossover.
Over the short term, the index may move towards 16,170-16,200. On the lower end, support is visible at 15,900-15,850.
Views by Rupak De, Senior Technical Analyst at LKP Securities.
4:08 PM
Views by Vinod Nair, Head of Research at Geojit Financial Services.
Closing view: Slower FII selling, fall in crude added optimism
Volatility has re-emerged and investors have turned their focus on upcoming Fed policy in the backdrop of heightened US inflation.
Fall in crude prices and reduction in FII selling added optimism to the domestic market while gloomy IT results, depreciating rupee and fear of global recession are restricting sizeable up move.
In addition to the Fed policy, the domestic market's near-term momentum will be influenced by ongoing quarterly earnings.
Fall in crude prices and reduction in FII selling added optimism to the domestic market while gloomy IT results, depreciating rupee and fear of global recession are restricting sizeable up move.
In addition to the Fed policy, the domestic market's near-term momentum will be influenced by ongoing quarterly earnings.
Views by Vinod Nair, Head of Research at Geojit Financial Services.
4:05 PM
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4:03 PM
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3:56 PM
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3:54 PM
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3:52 PM
Repco Home board approves raising up to Rs 4,000 cr via NCDs
3:48 PM
Nifty Auto, FMCG top sectoral winners; IT, Metals, PSBs sole drags
3:47 PM
Nifty Auto, FMCG top sectoral winners; IT, Metals,
3:46 PM
Midcaps firmly outshine broader market peers, largecaps
3:44 PM
Nifty losers: Tata Steel, HCL Tech, Power Grid, Wipro slip most
3:43 PM
Nifty gainers: Tata Consumer, Tata Motors, L&T additional winners
3:40 PM
Sensex heatmap: Only 11 stocks fall; HUL, Titan top winners
3:39 PM
Closing Bell: Nifty rises to 16,050; only 15 index stocks decline
Topics : Sensex MARKET LIVE MARKET WRAP Nifty Midcap smallcap stocks Q1 results Indian markets Trading strategies stock market investing Market trends L&T Tech Services ACC Tata Elxsi Glenmark Pharmaceuticals L&T Infotech Oberoi Realty Jindal Steel and Power Limited US retail sales Crude Oil Price Global Markets Crude Oil
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First Published: Jul 15 2022 | 8:11 AM IST
