Share Market Today - Nifty Closes at 15,727.90, S&P BSE Sensex closes at 52,568.94
Stock Market Today – 08th July, 2021
The Indian equity benchmarks fell harshly on Thursday on the back of weak global cues. The Sensex fell as much as 626 point and Nifty 50 index briefly fell below its important psychological level of 15,700. Global stocks fell tracking a slump in Asia amid a widening crackdown on the tech sector in China and concern over the strength of the country's economic recovery, while oil prices also sagged on supply uncertainty.
The Sensex declined points 486 or 0.92 percent to close at 52,569 and Nifty 50 index dropped 152 points to end at 15,728.
Selling pressure was brad-based seventeen of 19 sector gauges compiled by the National Stock Exchange ended lower led by the S&P BSE Metal index's over 2 percent decline. Banking, Energy, Finance, Pharma, Auto and FMCG indices also fell around 1 percent.
On the other hand, Power and Utilities indexes managed to close higher.
Mid- and small-cap shares outperformed their larger peers as S&P BSE MidCap index declined 0.25 percent and SmallCap index ended on a flat note.
Tata Motors was top Nifty loser; the stock fell nearly 4 percent to close at ₹317. JSW Steel, Hindalco, ONGC, Tata Steel, ICICI Bank, Sun Pharma, State Bank of India, Dr Reddy's Labs, Kotak Mahindra Bank, Cipla, Hindustan Unilever and Grasim Industries also fell between 1.5-3.4 percent.
On the flipside, Tech Mahindra, SBI Life, Eicher Motors, Bajaj Auto, HCL Technologies and IndusInd Bank were among the notable gainers.
European markets fell ahead of European Central Bank President Christine Lagarde's news conference where it is set to release a strategy update that could see it allow for higher inflation. Germany's DAX was down 1.3 percent, French CAC40 index dropped 1.9 percent and FTSE 100 fell 1.53 percent.
Stock Market Today – 07th July, 2021
Equity markets recommenced their upward journey after a one-day pause on Wednesday, as investors looked past overnight weakness on Wall Street and focused on stock-specific developments.
The S&P BSE Sensex index jumped 193.5 points, or 0.37 percent, to end the volatile session at a new closing peak of 53,055 levels while the NSE's Nifty50 closed at 15,880, up 61 points or 0.39 percent.
Tata Steel, JSW Steel, Bajaj Finserv, Hindalco, UPL, Nestle India, HDFC, IndusInd Bank, and Adani Ports ended as the top gainers on the benchmarks, up between 1 percent and 5 percent.
On the downside, Titan Company, ONGC, SBI Life, Maruti Suzuki, Shree Cement, and Reliance Industries were the top laggards, down up to 2 percent.
In the broader markets, the BSE MidCap and SmallCap indices rallied 0.58 percent and 0.38 percent, respectively.
Sectorally, realty and metal indices rose 2 percent each as unsold real estate inventory declined further in Q2CY21 and as Tata Steel's capex plans gave sentimental push to peer stocks.
Meanwhile, all other key sectoral indices gained up to 0.6 percent each, except the Nifty Auto index, which slipped 0.07 percent.
US equity-index futures rose along with stocks in Europe as investors awaited minutes from the Federal Reserve's latest meeting for clues on policy makers' thinking on interest rates and stimulus. Bonds stabilized after a rally. The Stoxx Europe 600 Index climbed 0.6 percent, led by gains in commodity sectors.
In Asia, stocks fell with Chinese tech firms in Hong Kong retreating after Beijing's cybersecurity probe of ride-hailing giant Didi Global Inc. Hang Seng declined 0.4 percent, Japan's Nikkei tumbled 0.96 percent, and South Korea's Kospi down 0.6 percent.
Meanwhile, Oil rose to $75 a barrel after a steep drop from multi-year highs in the previous session amid uncertainty about OPEC+ supply policy. Brent crude was up 86 cents or 1.2% at $75.39 a barrel. U.S. West Texas Intermediate gained 58 cents, or 0.8%, at $73.95.
Stock Market Today – 06th July, 2021
Equity benchmark Sensex closed slightly lower after a choppy session on Tuesday, tracking losses in index majors TCS, Infosys and Reliance Industries amid a largely weak trend in global markets.
The 30-share BSE index ended 18.82 points or 0.04 percent lower at 52,861.18. The broader NSE Nifty fell 16.10 points or 0.1 percent to 15,818.25.
Bank Nifty outperformed the Nifty index by ~1%, as a sharp rally was seen in major heavyweights like HDFC Bank & Kotak Bank.
Nifty Midcap 100 index closed ~0.1% lower.
Top Sensex Losers
Tech Mahindra was the top loser in the Sensex pack, shedding over 2 percent, followed by TCS, Maruti, Reliance, Sun Pharma and Infosys.
Top Sensex Gainers
UltraTech Cement, HDFC Bank, Bajaj Finance, Titan and ICICI Bank were among the gainers.
Elsewhere in Asia, bourses in Shanghai and Hong Kong closed in the negative terrain, while Seoul and Tokyo ended with gains.
Stock exchanges in Europe were trading in the red in mid-session deals.
The rupee was down 24 paise to close at 74.55 against the US dollar.
Meanwhile, international oil benchmark Brent crude was trading 0.39 percent higher at USD 77.46 per barrel.
Foreign institutional investors were net sellers in the capital market on Monday as they offloaded shares worth ₹338.43 crore, as per exchange data.
Stock Market Today – 05th July, 2021
Market bulls were back on Dalal Street on Monday, after a volatile week, as an across-the-board buying kept benchmarks parked near day's high levels. Bucking the muted trend in the global markets, the Indian market rose over half a percent higher amid strong gains in realty, banking, metals, and fertiliser stocks.
Among the frontline indices, the S&P BSE Sensex hit an intra-day high of 52,919 before settling at 52,880 levels, up 395 points or 0.75 percent. On the NSE, the Nifty50 index gained 115 points, or 0.71 percent, to close at 15,834 levels.
Furthermore, in the broader markets, the BSE SmallCap index scaled fresh record peak of 25,809 in the intra-day trade but eased mildly to close at 25,790 levels, up 0.87 percent. Individually, about 32 stocks including Route Mobile, TTK Prestige, Tata Elxsi, Tata Coffee, Tata Communications, PNC Infratech, CCL Products, Action Construction Equipment, Dollar Industries and JK Paper hit their respective record highs today.
In the MidCap space, the index ended 0.35 percent higher at 22,585 levels.
Meanwhile, shares of India Pesticides Ltd made a strong debut on the bourses as they got listed at Rs 360, commanding a 22 percent premium over the issue price of Rs 296 on the BSE. Post listing, the stock extended its gains and moved higher to Rs 368, a 24 percent jump against its issue price. The shares, however, witnessed mild profit booking at higher levels and closed at Rs 342 apiece on the BSE.
Sectorally, all, except the IT and Pharma indices, ended in the green. Of these, the Nifty Realty index was the top gainer, up nearly 3 percent.
World stocks clung close to record highs on Monday as worries about the Delta variant of Covid-19 offset positive sentiment from surging eurozone business activity and a welcome US jobs report.
The STOXX index of 600 leading European companies was flat, reversing earlier losses. French shares, however, sank 0.4 percent as Health Minister Olivier Veran warned France could be heading for a fourth wave of the pandemic due to the highly transmissible Delta variant.
Covid-19 angst also weighed on Japan shares, with the Nikkei falling 0.6 percent, to a two-week low, following a surge in infections in Tokyo. MSCI’s broadest index of Asia-Pacific shares outside Japan, was flat. China’s blue-chip stock index recovered from earlier losses to close 0.1 percent higher.
International benchmark Brent crude futures slipped slightly to $76.10 per barrel following a rise last week from below $74.40 per barrel.
Stock Market Today – 30th June, 2021
Equity markets ended the last day of the first half of the calendar year 2021 (H1-CY21) in the red as US stock futures indicated a weak start on Wall Street later in the day. Dow Jones Futures were down 150 points, or 0.45 percent, at 2:45 PM while S&P 500 Futures and Nasdaq Composite Futures slipped 0.3 percent each.
In Europe as well, shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors. The pan-European Stoxx 600 fell 0.9 percent by mid-morning, with autos tumbling 2.4 percent.
In Asia, shares ended mixed. Japan's Nikkei dipped 0.07 percent but South Korea's Kospi and China's Shanghai Composite added 0.3 percent and 0.5 percent, respectively.t
Given this, the frontline S&P BSE Sensex cooled off 393 points from day's high to end at 52,483 levels, down 67 points or 0.13 percent. The Nifty50 also eased 27 points, or 0.17 percent, to settle at 15,721 level.
Nifty Top Gainers
Reliance Industries, Infosys, Maruti Suzuki, and Kotak Bank gained between 0.3 percent and 1.3 percent to support the indices
Nifty Top Losers
ICICI Bank, HDFC, HUL, HDFC Bank, Bajaj Finserv, Tata Steel, and Tech Mahindra were the losers.
Trend in the broader markets was mix. The BSE MidCap slipped 0.03 percent while the BSE SmallCap index ended 0.56 percent up.
Sectorally, all but the Nifty IT index ended 0.6 percent higher. All other indices settled lower with the Nifty Media index down 0.8 percent and the Nifty Bank index down 0.7 percent.
Shares of Cipla hit a record high of Rs 997.20 as they rose nearly 2 percent on the BSE in intra-day trade on Wednesday after the Drugs Controller General of India (DCGI) permitted the firm to import Moderna's Covid Vaccine with emergency use authorisation in India. In the past two days, the scrip has gained 4 percent.
Shares of Uflex hit a fresh lifetime high after they zoomed 20 percent to Rs 573 on the BSE in intra-day trade on Wednesday on the back of a robust March quarter (Q4FY21) result. India's largest multinational flexible packaging company and a global player in polymer sciences posted a 163 percent year-on-year (YoY) jump in its consolidated net profit at Rs 264.7 crore supported by healthy operational performance.
Stock Market Today – 29th June, 2021
Financials, autos, and metals exerted pressure on the bourses, dragging the benchmark indices nearly half a percent lower on Tuesday. Besides, valuation concerns flagged by global agency HSBC and economic growth concerns raised by S&P, in the wake of the second wave of the Covid-19 pandemic, added to investor woes.
In their Asian outlook conference for the second half of 2021, brokerage firm HSBC said on Tuesday that the valuation of the Indian stock market has become a concern now after a sharp run-up from their March 2020 low. It maintains a 'neutral' rating on Indian equities and opines that the government’s latest stimulus measures announced Monday are marginally positive. However, relative to the economic dislocation seen in India, the package is not very large, it believes.
S&P, meanwhile, cut India's FY22 GDP growth forecast to 9.5 percent from 11 percent projected earlier and said that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years.
Against this backdrop, the frontline S&P BSE Sensex ended the day at 52,549.6 levels, down 186 points or 0.35 percent while the broader 50-share Nifty closed at 15,748 levels, down 66 points or 0.42 percent.
Nifty Top Gainers
PowerGrid, HUL, Nestle India, Cipla, Divis Labs, and IndusInd Bank eked out gains of up to 2 percent to end the day as the top Nifty gainers.
Nifty Top Losers
On the flipside, ONGC, Indian Oil Corporation, Hindalco, Kotak Bank, ICICI Bank, and Bajaj Auto declined in the range of 1.6 percent to 2.5 percent to settle as top laggards.
The broader markets too reversed their gains with the BSE MidCap and SmallCap indices closing 0.42 percent and 0.07 percent lower, respectively amid losses in Oil India, SJVN, NHPC, Adani Transmission, Vodafone Idea, IFCI, Srei Infra, and Gujarat Mineral Development Corporation.
From a sectoral viewpoint, the Nifty Bank, Auto, Metal, and PSB index slipped between 1 percent and 1.5 percent on the NSE while the Nifty Pharma and FMCG indices advanced 0.5 percent each.
Global shares inched back from record highs on Tuesday on concerns about new coronavirus outbreaks in Asia undercutting an economic recovery, while investors remained on edge over the United States’ exit from accommodative policy.
European stocks, as measured by the pan-European STOXX 600 index, were up 0.4 percent, helped by a jump in industrial, financial and mining stocks, sectors set to benefit from economic improvements.
In contrast, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 percent lower as recent positive momentum stalled as some countries re-imposed lockdowns to contain the spread of the Delta variant of the virus.
Japan’s Nikkei fell 0.8 percent, while in Australia the ASX/200 index closed down 0.1 percent. Chinese stocks lost 0.92 percent as investors booked profits after a rally on the back of the country’s strong rebound from the impact of the COVID-19 pandemic.
Stock Market Today – 28th June, 2021
Equity indices declined in the fag-end of the session on Monday, even as Finance Minister Nirmala Sitharaman announced relief measures for an economy, battered by a second wave of Covid-19, and which is bracing for a possible third wave.
Among notable steps, FM Sitharaman announced Rs 1.1-trillion loan guarantee for Covid-affected sectors. Health sector, she said, will receive attention for scaling up infrastructure on cities and towns other than the eight metros.
That apart, she announced an additional Rs 1.5 trillion for Emergency Credit Line Guarantee Scheme, launched as part of Atmanirbhar Bharat package
After hitting a lifetime high of 53,126 in the morning deals, the benchmark S&P BSE Sensex slipped into the red to end at 52,735 levels, down 189 points or 0.36 percent. The broader Nifty50, on the other hand, closed at 15,815 levels, down 46 points or 0.29 percent. The index scaled new peak of 15,915.6 earlier today.
The broader market, on the contrary, resumed their uptrend and outperformed the headline indices. The BSE MidCap index ended at 22,639 levels, up 0.40 percent while the BSE SmallCap index shut shop at 25,111, up 0.46 percent.
Individually, shares of Thyrocare Technologies tumbled 11.5 percent to hit a low of Rs 1,281 per share after nearly 3.74 lakh shares changed hands on the BSE by 3:15 PM. Docon Technologies, along with API Holdings, the parent company of unicorn PharmEasy, an online medical platform, had said on Friday that it will acquire 66.1 percent equity stake in diagnostic chain firm for Rs 4,546 crore. They also made an open offer for acquisition of additional 26 percent stake in Thyrocare at a price of Rs 1,300 per share for Rs 1,788.16 crore.
Meanwhile, newly listed Dodla Dairy closed at Rs 609 per share, after debuting at Rs 550, a 28 percent premium over its initial public offer (IPO) issue price of Rs 428 per share on the National Stock Exchange (NSE). KIMS, on the other hand, ended at Rs 987.5 after listing at Rs 1,009, up 22 per cent against its issue price of Rs 825 per share on the National Stock Exchange (NSE).
Nifty Top Gainer
Dr Reddy’s Laboratories, Hindalco Industries, Divi’s Laboratories, Tata Steel and Tech Mahindra were the top gainers.
Nifty Top Losers
HDFC Life, Titan Company, Shree Cement, TCS and Coal India were the top losers
European travel stocks sank 2% on Monday on the back of a spike in COVID-19 cases across Asia, while worries of a sudden tapering in ultra-loose global monetary policy in the wake of rising inflation pushed pan-European STOXX 600 down 0.2 per cent.
In Asia, Japan's Nikkei was down 0.06 per cent and South Korea's Kospi eased 0.03 per cent.
Stock Market Today – 25th June, 2021
Markets started the July F&O series with impressive gains on Friday as hefty buying in metals, financials, and pharma sectors lifted indices for the second day. The Nifty PSU Bank index closed 2.7 percent higher on the National Stock Exchange (NSE) amid renewed privatisation buzz and fund-raising by banks.
That apart, the Nifty Metal index zoomed 2.5 percent after Russian government said it is preparing new export taxes from August 1 for steel products, nickel, aluminium and copper which will cost their producers $2.3 billion.
The Nifty Bank, Private Bank, Pharma, and auto indices, meanwhile, rose between 0.7 percent and 1.6 percent.
Overall, the frontline S&P BSE Sensex index added 226 points, or 0.43%, to settle the session at 52,925 levels while the Nifty50 index shut shop at 15,863-mark, up 73 points or 0.46 percent.
In the broader market, the BSE MidCap and SmallCap indices advanced 1 percent and 0.4 percent, respectively.
Nifty Top Gainers
Tata Steel was top Nifty gainer, Axis Bank, State Bank of India, ICICI Bank, Hindalco, Maruti Suzuki, Coal India, Tata Motors, JSW Steel and Bajaj Finserv also rose between 1.3-3 percent.
Nifty Top Losers
Reliance Industries was top Nifty loser, the stock dropped 2.4 percent to close at ₹2,102. NTPC, Titan, Hindustan Unilever, Asian Paints, UPL, ONGC, Nestle India, Britannia Industries, Bajaj Auto and UltraTech Cement also declined between 0.5-2 percent.
Asian shares rose on Friday, tracking gains on Wall Street overnight that lifted the Nasdaq and the S&P 500 indexes to record highs after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.
Japan's Nikkei closed 0.66 percent higher while South Korea's Kospi rallied 0.5 percent and Australia's ASX200 was last up 0.45 percent. China's Shanghai index, too, surged 1.1 percent.
In Europe, however, shares traded lower as a slide in healthcare-related stocks more than offset a boost from the financial sector. The pan-European STOXX 600 index slipped 0.06 percent, Germany's DAX declined 0.24 percent, and France's CAC40 fell 0.2 percent.
Stock Market Today – 24th June, 2021
The Indian benchmark indices ended the final session of the June series of futures & options (F&O) over half a per cent higher, with major contribution from information technology (IT) stocks. Heavyweight Reliance Industries, meanwhile, was the top Sensex laggard, falling 2.35% even though the company's chairman Mukesh Ambani made a slew of announcements at the firm's 44th annual general meeting (AGM).
In Reliance AGM, Ambani said that Yasir Al-Rumayyan, Chairman of Saudi Aramco and Governor of PIF, will join the Board of Reliance Industries as Independent Director. Besides, he said that Reliance Industries will invest Rs 75,000 crore in new energy business over the next three years.
Among the headline indices, the S&P BSE Sensex rose 393 points, or 0.75%, to close at 52,699, while the broader Nifty50 index ended the session at 15,790, up 103 points, or 0.66%.
The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79%, leading the gainers, while the Nifty PSU Bank index, down 1.4%, bled the most.
The broader markets, meanwhile, underperformed their benchmark peers, with the S&P BSE MidCap and SmallCap indices ending 0.51 and 0.22% lower, respectively.
Among other individual stocks, Shyam Metalics and Energy (SMEL) made a strong debut on the bourses, with the stock listing at Rs 380, a 24 per cent premium over its issue price, on the National Stock Exchange (NSE). The stock ended the session at Rs 375.50.
Meanwhile, Sona BLW Precision Forgings (Sona Comstar) made a quiet debut on the bourses, with the stock getting listed at Rs 302.40 -- a 4% premium over its issue price of Rs 291 per share on the BSE. The stock, however, extended gains in intra-day deals to end the session at Rs 362.85 per share.
Nifty Top Gainers:
Infosys was the top gainer among blue-chip stocks, up 4%. TCS, JSW Steel, Tech Mahindra, L&T and Asian Paints were among other top performers.
Nifty Top Losers
RIL was the worst hit in the Nifty50 universe, ending 3% lower after the conglomerate's AGM. Indian Oil, CIL, Shree Cement, Bharti Airtel, ONGC and BPCL were among other losers.
Sensex Top Gainers:
Infosys was the top gainer among blue-chip stocks, up 4%. TCS, Wipro, Tech Mahindra, L&T and Asian Paints were among other top performers.
Sensex Top Losers
RIL was the worst hit, ending 3% lower followed by, Coal India, Bharti Airtel, HDFC and Titan were among other losers.
European shares rose on Thursday as investors focused on a steady economic rebound against the backdrop of fears of a tapering in global monetary stimulus, while technology stocks jumped following an overnight rally in their U.S. peers.
The pan-European STOXX 600 was up 0.6 per cent by 0803 GMT, with financial services, retail and bank stocks among the biggest gainers. German shares gained 0.5 per cent as data showed the business climate index rose again in June after hitting a two-year high last month, while nervousness over a Bank of England policy meeting on Thursday weighed on the FTSE 100.
Meanwhile, international oil benchmark Brent crude was trading 0.16 per cent higher at USD 75.31 per barrel.
Stock Market Today – 23rd June, 2021
Benchmark indices snapped their three-day winning streak and ended half a percent lower on Wednesday as investors booked profits at higher levels. Besides, a cut in India's CY21 growth forecast by Moody's further dampened the sentiment on the Street.
Moody's Investors Service on Wednesday slashed India's growth projection to 9.6 percent for the calendar year 2021, from its earlier estimate of 13.9 percent, and said faster vaccination progress will be paramount in restricting economic losses to the June quarter.
Barring the auto segment, all other sectoral indices settled the session in the red with the Nifty Metal (1 percent) and IT (0.87 percent) indices nursing the steepest losses.
Overall, the S&P BSE Sensex index closed at 52,306 levels, down 282.6 points or 0.54 percent while the Nifty50 index ended at 15,687 levels, down 86 points or 0.54 percent.
Nifty Top Gainers
Maruti Suzuki was top Nifty gainer the stock rose nearly 3 percent. Hindalco, Mahindra & Mahindra, Bajaj Finance, Eicher Motors, Bajaj Auto, State Bank of India, Titan, Tata Consumer Products, HDFC Life and UltraTech Cement were also among the gainers.
Nifty Top Losers:
Wipro, Adani Ports, Kotak Mahindra Bank, Tech Mahindra, Shree Cements, Divis Labs, Tata Consultancy Services, HDFC, HCL Technologies, Hindustan Unilever, Indian Oil, Infosys and Reliance Industries were among the losers.
Sensex Top Gainers
Maruti, Titan, Bajaj Finserv and M&M were among the gainers
Sensex Top Losers
Kotak Bank was the top loser in the sensex pack, shedding over 1 percent followed by L&T, Tata Steel, HDFC, TCS, Reliance Industries, HCL, and ICICI Bank.
In the mid-, and small-cap segment, PNB Housing Finance, Central Bank of India, United Breweries, Adani Enterprises, PNB Gilts, Dhanlaxmi Bank, and Indian Overseas Bank dragged the BSE MidCap and SmallCap indices 0.26 per cent and 0.43 percent lower, respectively.
Shares of Bharat electronics rallied almost 12% on exchange in intra-day trade today after the company reported strong quarterly numbers
European stocks hovered below record highs on Wednesday as inflation worries overshadowed data showing a rise in June business activity. The pan-European STOXX 600 was down 0.2 percent, France's CAC 40 fell 0.56 percent, and Germany's DAX declined 0.64 percent.
Mood in the Asian market, however, was mixed where Japan's Nikkei closed 0.03 percent down but South Korea's Kospi and China's Shanghai index gained 0.38 percent and 0.25 percent, respectively.
As regards the US market, Futures of all three main Wall Street indices were up in the range of 0.06 percent to 0.16 percent.
Meanwhile, international oil benchmark Brent crude was trading 0.84 percent higher at USD 75.44 per barrel
Stock Market Today – 22nd June, 2021
Markets witnessed a volatile day of trade as across the board profit booking weighed in during the closing part of the trade.
The 30-share BSE Sensex hit a fresh record high of 53,057 level in early deals but trimmed gains to end at 52,589 levels, up 14 points or 0.03%. On the NSE, the Nifty50 index ended at 15,773 levels, up 26 points or 0.17 percent.
In the broader market, small-cap stocks ended 0.83 percent higher on the BSE while the BSE MidCap index closed 0.33 percent up.
Nifty Top Gainers
Maruti Suzuki, up 5%, on the NSE was the biggest gainer on the Nifty today after the company decided to hike vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs. It zoomed nearly 6 percent in the intra-day deals to hit a high of Rs 7,300-mark.
UPL, Shree Cement, Wipro, SBI Life, Adani Ports, Tata Consumer, L&T, UltraTech Cement, Tata Motors, and ONGC were the other top-performing stocks on the 50-share index.
Nifty Top Losers
Asian Paints, Bajaj Finance, HUL, Nestle India, Sun Pharma, Kotak Bank, Tech M, and IndusInd Bank underperformed the index.
Sensex Top Gainers
Maruti Suzuki, L&T, UltraTech Cement, TCS and Titan were among major gainers.
Sensex Top Losers
Losers were Asian Paints, Bajaj Finance, Nestle, HUL and Sun Pharma.
Sectorally, the Nifty Auto index was the best performing index, up 1.4 percent. The Nifty Bank and Realty indices, on the other hand, slipped 0.3 percent each.
European shares gave up early gains on Tuesday, with growth-linked technology and healthcare stocks leading declines, as signs of rising inflation fanned fears of a sooner-than-expected tightening in global monetary policies. The pan-European STOXX 600 was down 0.1 percent.
Meanwhile, Futures of all three main Wall Street indices indicated a flat-to-negative start later today.
Earlier in Asia, Japan's Nikkei zoomed over 3 percent, South Korea's Kospi added 0.7 percent, and China's Shanghai Composite rallied 0.8 percent.
Stock Market Today - 21st June, 2021
Given weak Asian cues, the benchmark S&P BSE Sensex and the Nifty50 indices hit the day's low of 51,740 and 15,506, respectively in early morning trade. However, low-level buying emerged quickly too recover losses. By the close, the Sensex index was at 52,574 levels, up 230 points or 0.44%. On the NSE, the Nifty50 index was at 15,746 levels, up 63 points or 0.4%
Nifty Top Gainers:
Adani Ports (up 5 percent) was the top Nifty gainer today, trailed by NTPC, Titan, SBI, Tata Steel, Bajaj Finserv, Grasim, and HDFC.
Nifty Top Losers:
UPL (down over 4 percent), Wipro, Hindalco, Tata Motors, TCS, Maruti Suzuki, and Tech Mahindra were the top laggards.
Sensex Top Gainers:
NTPC was the top gainer in the Sensex pack, rallying around 4 percent, followed by Titan, SBI, HUL, IndusInd Bank and UltraTech Cement.
Sensex Top Losers:
On the other hand, Maruti, TCS, Tech Mahindra and L&T were among the laggards.
Broader markets outperformed the large-caps today with the BSE MidCap and SmallCap indices gaining 0.8 percent each.
Sectorally, the Nifty PSU Bank index ended 4% higher amid reports that the two financial institutions might be privatized. The Centre has shortlisted Central Bank of India and Indian Overseas Bank for divestment, as per the media reports.
Further, the Nifty Realty index was up 2 percent and the Nifty Metal, Private Bank, Bank, and FMCG indices gained up to 1 percent each. On the contrary, the Nifty IT and Auto indices slipped 0.2 percent and 0.36 percent, respectively.
Global Stock Markets:
Elsewhere in Asia, bourses largely ended with losses. In Europe, equities were trading on a positive note in mid-session deals.
International oil benchmark Brent crude was trading 0.18 percent higher at USD 73.64 per barrel.
Stock Market Today - 18th June, 2021
The Indian equity benchmarks showed a strong recovery from intraday low levels and broke their two-day losing streak as late buying in Reliance Industries, HDFC Bank, Bajaj Finance, Hindustan Unilever and Infosys helped contradict selling pressure in State Bank of India, Mahindra & Mahindra, NTPC and ONGC.
The Sensex advanced 21 points to close at 52,344 and Nifty 50 index declined 8 points to settle at 15,683.
7/11 sectors of National Stock Exchange ended lower. Nifty Bank showed a strong recovery from intraday lows as the index recovered 878 points from the day's lowest level. FMCG, Financial Services, and Private Bank indices also closed on a positive note.
ONGC was the top Sensex loser falling around 4%, followed by NTPC, PowerGrid, M&M, Nestle India, SBI, and HCL Tech. On the other hand, HUL, Bajaj Auto, Bharti Airtel, Bajaj Finserv were among the Sensex Top gainers.
On the other hand, auto, IT, media, pharma, and metal stocks faced selling pressure.
Mid- and small-cap shares underperformed their larger peers as Nifty Midcap 100 index fell 1 percent and the Nifty Smallcap 100 index slipped 0.8 percent.
SBI cards & Payment services stock plunged over 6% today as Carlyle group was looking to sell its stake worth rs. 5000 cr in the company
Global Stock markets
Stocks were aground just below record highs on Friday, with investors left looking for direction after digesting the US Federal Reserve’s more hawkish stance.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan was flat after falling for four sessions. Chinese blue-chip A shares were also witnesses marginal change, along with Japan’s Nikkei.
International oil benchmark Brent crude was trading 0.73 % lower at USD 72.55 per barrel.
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Nifty started the day around 18600, but it witnessed selling pressure as the IT stocks corrected sharply and thus the benchmark index traded under pressure. However, the index recovered the losses from the lows towards the end and closed around the opening levels with a negligible loss.
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