F&O expiry: Sensex gains 209 pts; Nifty Metal index zooms 5%, PSB index 3%
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
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Stock market updates: Equity markets got their mojo back on Thursday, the day of monthly expiry of the July F&O series, as global markets stabilised after three-days of drubbing. Asian markets ended higher, led by Hong Kong's Hang Seng (up 3 per cent), while European stocks hit fresh record highs after US Federal Reserve Chair Jerome Powell kept interest rates unchanged and said the US central bank wishes to see "some strong job numbers" in coming months before tapering the bond buying programme.
Meanwhile in China, top securities regulator privately told global financial institutions that Beijing will consider the impact on markets when it introduces new policies in the future, The Wall Street Journal reported.
Against this backdrop, the S&P BSE Sensex gained 209 points, or 0.4 per cent, to end at 52,653 levels, led by Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma.
It's NSE counterpart Nifty50, meanwhile, ended tad below 15,800-mark at 15,779, up 69 points. The BSE Mid- and SmallCap indices, too, added 0.39 per cent and 0.90 per cent, respectively.
4:22 PM
TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities
The Nifty index managed to close the day on a positive note at 15,778 with gains of half a per cent and has formed a Doji candle pattern on the daily chart.
The index has formed a good base near 15,750-15,650 zone; Holding above these levels will help to sustain the bullish momentum.
Any dip around the above mentioned support will be a buying opportunity.
We may head towards upper band of the range which is 15,950-16,000 mark. Immediate resistance is near 15,800-15,875 zone.
The index has formed a good base near 15,750-15,650 zone; Holding above these levels will help to sustain the bullish momentum.
Any dip around the above mentioned support will be a buying opportunity.
We may head towards upper band of the range which is 15,950-16,000 mark. Immediate resistance is near 15,800-15,875 zone.
4:20 PM
MARKET RECAP :: S Ranganathan, Head of Research at LKP Securities
The Fed decision to keep interest rates steady and liquidity infusion by the PBOC brought back bulls today morning as Metals led the rally buoyed by an expected rise in steel consumption. Aluminum Stocks too joined the party today well supported by Midcap IT stocks
4:18 PM
MARKET RECAP :: Vinod Nair, Head of Research at Geojit Financial Services
Global markets were on track to rebound after the panic sell-off surrounding Fed policy and Chinese tech crackdown cooled off. Despite the hawkish commentary from Fed, it did not signal a rush to taper the stimulus measure. China’s attempt to calm investor's nerves also helped the market to take a breather. Meanwhile, metal stocks were sparked by the huge infrastructure fiscal package finalized in the US, in anticipation of high demand
4:14 PM
Volatility Alert
>> India VIX ends 5.5% lower at 12.95
4:12 PM
Sector Watch :: Only 3 of 15 constituents end higher
4:10 PM
Sector Watch :: PSBs rally on strong June quarter show
4:09 PM
Sector Watch :: Metal index surges 5%; Hindalco, Nalco, Tata Steel top gainers
4:06 PM
Balrampur Chini Mills leaps 7% on share buyback plan
4:04 PM
PVR ends nearly 2% higher on in-line Q1 result
3:58 PM
Maruti Suzuki slips 2% as Q1 nos miss estimates
3:57 PM
Tech M will be in focus in Friday's session
Information technology major Tech Mahindra reported a 39.17 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 1,353.2 crore for the April-June period of financial year 2021-22 (Q1FY22) as against Rs 972.3 crore posted in the corresponding quarter last year. On quarter-on-quarter basis, the profit rose by 10.12 per cent. READ MORE
3:54 PM
Index contributors :: Tata Steel, SBI, RIL top contributors towards today's gains
3:48 PM
Broader market :: BSE MidCap index underperforms, ends 0.4% higher
3:45 PM
Sectoral trends on the NSE
3:43 PM
Sensex Heatmap at Close
Top gainers: Tata Steel, Bajaj Finserv, SBI, HCL Tech
Top losers: Maruti Suzuki, Power Grid, Bajaj Auto, ITC
Top losers: Maruti Suzuki, Power Grid, Bajaj Auto, ITC
Topics : MARKET LIVE MARKET WRAP Markets Q1 results Maruti Suzuki US Federal Reserve Nestle India Tech Mahindra S&P BSE Sensex Nifty50 SGX Nifty Wall Street
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First Published: Jul 29 2021 | 8:14 AM IST
