Today’s Market (July 25, 2022): Benchmark equity indices on the BSE and the National Stock Exchange (NSE) closed over 0.5% lower on Monday, with the market weighing heavily. Reliance Industries (RIL) and auto stocks.
The S&P BSE Sensex fell 306.01 points (0.55%) to end at 55,766.22, while the Nifty 50 shed 88.45 points (0.53%) to settle at 16,631.0.
In the Sensex pack, Mahindra & Mahindra (M&M), RIL, Maruti Suzuki India, Kotak Mahindra Bank, Tech Mahindra, UltraTech Cement, Nestle India, Dr Reddy’s Laboratories, Bajaj Finserv, Hindustan Unilever, Power Grid Corporation of India, Axis Bank, Sun Pharmaceutical Industries, Bajaj Finance and Infosys were the top losers.
In contrast, Tata Steel, Induslnd Bank, Asian Paints, HCL Technologies, Wipro, NTPC, State Bank of India, Larsen & Toubro, ITC, HDFC twins, ICICI Bank and Titan Company were the only gainers.
Among NSE sectoral indices, Nifty Auto fell 1.67%, Nifty Oil & Gas lost 1.36%, Nifty Healthcare Index fell 0.75%, Nifty Media fell 0.71% and Nifty PSU Bank fell 0.60%.
In the broader market, the S&P BSE MidCap ended at 23,666.44, up 6.07 points (0.03%), while the S&P BSE SmallCap ended at 26,739.14, down 34.27 points (0.13%).
“Markets opened lower on weak global cues, but rebounded during the day in a volatile session as the Street took stock of few big gains over the weekend. Financials were a interest pocket with Corporate India’s deleveraging and last fiscal year was brave for several metal companies High provisioning coverage of several large state-owned banks with a marked focus on written off accounts seems to provide comfort on the street for the current fiscal,” said S Ranganathan, head of research at LKP securities.
global market
-entrance from the AP
Global stocks fell on Monday after a retreat on Wall Street as investors awaited the next steps from the Federal Reserve in its quest to curb inflation. US futures were almost unchanged, while oil prices fell almost USD 1 a barrel.
Investors are awaiting the next moves from the US Federal Reserve, which is expected to raise its key interest rate again on Wednesday as it strives to combat inflation.
European stocks opened mostly lower, with Germany’s DAX down 0.3% to 13,219.67. Paris’ CAC 40 fell 0.1% to 6,213.17, while Britain’s FTSE 100 also lost 0.1% to 7,269.58. Dow industrials futures were unchanged and the S and P 500 were down just a fraction of a point.
In Asian trade, Tokyo’s Nikkei 225 fell 0.8% to 27,699.25 and Seoul’s Kospi rose 0.4% to 2,403.69. Hong Kong’s Hang Seng was down 0.2% at 20,562.94, while the Shanghai Composite index was down 0.6% at 3,250.39. In Australia, the S and P/ASX 200 were down 1.6 points at 6,789.90.
[ad_2]
Source link
