Stock Market Today: Sensex, Nifty Resume Declines After One-Day Breather As Infosys, RIL Weigh
The Nifty ended 0.81% or 197 points lower at 24,100.50 and the Sensex fell 0.73% or 581.79 points to close at 78886.22. Intraday, the Nifty fell as much as 0.90% and the Sensex fell 0.84%.
KEY HIGHLIGHTS
- Oldest First
Rupee Ends Flat Against US Dollar
Rupee closed flat at 83.96 against the US dollar.
The currency fell to a record low of 83.99 during the day.
It closed at 83.95 on Wednesday.
Source: Bloomberg
Sensex, Nifty Resume Declines After One-Day Breather As Infosys, RIL Weigh: Closing Bell
Benchmark equity indices erased its initial gains after the monetary policy maintained status quo and ended lower as the RBI governor's commentary was hawkish while also tracking European markets and some Asian indices which closed with losses.
The Nifty ended 0.81% or 197 points lower at 24,100.50 and the Sensex fell 0.73% or 581.79 points to close at 78886.22. Intraday, the Nifty fell as much as 0.90% and the Sensex fell 0.84%.
"The Index is oscillating in a wide range where the downside seems to be protected at 23,965 near 50 day moving average while the higher side is capped at 24,330, bearish gap zone, and a breakout on either side is a must for a clear picture," said Aditya Gaggar, director of Progressive Shares.
Shares of Infosys Ltd. Reliance Industries Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., and Asian Paints Ltd. pulled the Nifty lower.
While those of HDFC Bank Ltd., Tata Motors Ltd., Bharti Airtel Ltd., HDFC Life Insurance Co., and ITC Ltd. cushioned the fall.
Most sectoral indices were lower with Nifty IT being the top loser.
Market breadth was skewed in favour of sellers. Around 2,113 stocks declined, 1,787 stocks rose, and 107 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.44% and 0.16% lower, respectively.
On BSE, all sectors ended lower except BSE Healthcare out of 20. The BSE Metal declined the most and was the worst performing sector.
Market At Close
Nifty, Sensex continue downtrend after one day rise
Nifty ends 0.81% or 197 points lower at 24,100.50
Sensex ends 0.73% or 581.79 points lower at 78886.22
Broader indices also ended lower; Nifty Midcap 100 ended 0.35% lower and Nifty Smallcap 250 ended 0.30% down
Among sectoral indices, Nifty IT fell the most and Nifty Pharma was the top gainer
HDFC Life and Tata Motors were top Nifty gainers
LTIMindtree and Grasim Industries were top losers among Nifty stocks
Page Industries Q1 Earnings (Consolidated, YoY)
Revenue up 4% at Rs 1,278 crore vs Rs 1,229 crore
EBITDA up 2% at Rs 244 crore vs Rs 239 crore
EBITDA margin at 19.1% vs 19.4%
Net profit up 4.4% at Rs 165 crore vs Rs 158 crore
SJVN To Consider Selling Stake In SJVN Green
To consider selling stake in unit SJVN Green Energy on August 13
Source: Exchange filing