Stock Market Today- Sensex, Nifty end in the red
Sensex and Nifty Today– Indian stock market indexes opened higher on Thursday amid negative cues from the global markets. Nifty opened at 16018.85 levels, up by 52.2 points while Sensex made a positive opening of 174.47 points at 53688.62 levels. Indian stock market erased all its early gains in the afternoon session and closed in the red today.
Stock market news and updates today
Indian stock market was trading in the upbeat mode in the morning, led by gains in Healthcare, FMCG, and Consumer Durables stocks. Traders were optimistic with the private report stating that the Indian economy is projected to grow 7.1%-7.6% in the current financial year despite geopolitical tension and higher commodity prices across the world.
Traders also took note of commerce and Industry Minister Piyush Goyal’s statement that the new Australian government supports the trade pact signed with India, and they are expected to soon approach their parliament for approval of the agreement. Markets ignored the WPI numbers, which cooled to 15.18% in June from 15.88% in May.
However, the markets erased all gains in the second half as come concerns came with India Rating and Research report that stated Non-bank finance companies (NBFCs) may rely more on banks for their funding requirements as interest rates are hardening in the capital market.
On the global front, the other Asian markets were mostly closed in the red on Wednesday. The highly anticipated report on US inflation for the month of June turned out to be even worse than expected boosting bets the Federal Reserve could get more aggressive than earlier it was thought. European markets are trading in the red on Wednesday on fear of recession and ahead of US key corporate earnings from the financial sectors.
Sensex and Nifty at the close today
The Nifty index declined 28 points or 0.18 percent and closed at 15938.65 levels while Sensex was down by 98 points or 0.18 percent and finished at 53416.15 levels. The Bank Nifty index ended lower today by 176.60 points or 0.51 percent on the spot level and ended at 34651.20
The broader markets also closed in the red, as the Nifty midcap index declined by 24.35 points or 0.09 percent and closed at 27803.50 levels. The Nifty smallcap index closed lower by 100.45 points or 1.14 percent and finished at the 8694.70 level
Nifty top gainers and losers today
The top gainers in the Nifty50 index were Sun Pharma, ONGC, Dr. Reddy’s Labs, Kotak Mahindra, and Maruti Suzuki whereas the top losers were Hero Motorcorp, Axis Bank, HCL tech, SBI, and Tech Mahindra
The midcap top gainers were Hind Zinc, Adani Total Gas, and Bharat Forge and the top losers were Varun Beverages, Oil India, and Canara Bank
The top gainers in the Nifty smallcap index were Ceat, Edelweiss, and Aarti Drugs and the top losers were Birlasoft, Birla Corp, and KEI Industries
The most active stocks in the Nifty index in terms of value were Reliance, TCS, and Kotak Bank. The most active stocks in terms of volume were ONGC, ITC, and Bharti Airtel
On the sectoral front, Oil & Gas, Pharma, Consumer Durables, and Auto were closed higher today. The sectors that drag the markets were PSU Banks, IT, Banking, Media, and Financial Services.
If you like the post “Stock Market Today- Sensex, Nifty end in the red” please share it with others.
You may also like to read, Trade Setup for Thursday 14 July 2022: Stock market news
Must read before opening Demat & Trading account online
Happy Investing!!
Editorial desk
