Stock Market Today: Nifty Snaps Longest Stretch Of Weekly Gaining Streak In Over Six Years
The Nifty closed at 24,704, down 1.22% or 306 points, and the Sensex closed at 80,981, up 1.08% or 885.60 points.
KEY HIGHLIGHTS
Nifty Snaps Longest Stretch Of Weekly Gaining Streak In Over Six Years: Market Wrap
India's benchmark equity indices snapped eight-week rally to end to at their lowest closing since July 25.
On Friday the benchmark reversed their five consecutive sessions of gains as the global sentiment was weaken by the poor results of the US tech giants and the country's economic data.
The Nifty closed at 24,704, down 1.22% or 306 points, and the Sensex closed at 80,981, up 1.08% or 885.60 points.
Shares of HDFC Bank Ltd., Sun Pharmaceutical Industries Ltd. and Dr. Reddy's Laboratories Ltd. led the gains.
While those of Larsen and Toubro Ltd., Reliance Industries Ltd. and Infosys Ltd. minimized the gains.
Broader markets ended lower on BSE. The S&P BSE Midcap and Smallcap indices ended 1.19% and 0.58% lower, respectively.
On BSE, all sectors ended lower except the BSE Healthcare. The BSE Realty declined the most to become the worst performing sector.
The market breadth was skewed in favour of sellers. Around 2,189 stocks declined, 1,726 stocks advanced, and 118 stocks remained unchanged on BSE.
Weekly Performance
On a weekly basis, the Nifty fell 0.37% and the Sensex closed 0.43% lower.
On NSE, six sectors ended lower and other six ended higher this week. The Nifty Realty declined the most to become the worst performing sector.
Markets At Close
The benchmark NSE Nifty 50 and BSE Sensex snapped a five-day winning streak on Friday
The benchmarks logged the biggest intraday fall since July 23
Nifty and Sensex reversed a eight-week winning streak on Friday's decline
Larsen & Toubro Ltd., Infosys Ltd., and Tata Consultancy Services Ltd. were top Nifty losers; HDFC Bank Ltd. Sun Pharmaceutical Industries Ltd. were top gainers
Tata Motors Ltd. declined nearly 5% after posting earning for April-June
Maruti Suzuki India Ltd. has reversed a six-day gaining streak as sales in July declined
Zomato Ltd. jumped over 19% to a record high as net profit in April-June rose
The NSE Nifty Pharma index hit a life time high of 22,005.10
The NSE Nifty Auto index fell to one-week low of 25,688.95
This week, the NSE Nifty Realty and Nifty declined the most, while the NSE Nifty Energy rose the most
Watch India Market Close At NDTV Profit
Kothari Industrial Enters Into Pact With Kickers
Kothari Industrial Corp has entered into a 30-year pact with Kickers for India and 8 other countries.
Source: Exchange filing
UPL Q1 Earnings Key Highlights (Consolidated, YoY)
Net loss of Rs 527 crore vs profit of Rs 102 crore
Revenue rose 1.1% at Rs 9,067 crore vs Rs 8,963 crore
Ebitda fell 13.5% at Rs 1,101 crore vs Rs 1,273 crore
Margin at 12.1% vs 14.2%
