Stock Market Today: Indices trim early losses to finish marginally decrease, Sensex slips 111 factors; RIL drags

Sensex, Nifty, Share Prices Today: The benchmark fairness indices on the BSE and National Stock Exchange (NSE) trimmed their day’s losses to finish round 0.2 per cent decrease on Friday weighed by market heavyweight Reliance Industries (RIL).

The S&P BSE Sensex slipped 111.01 factors (0.21 per cent) to finish at 52,907.93 whereas the Nifty 50 settled at 15,752.05, down 28.20 factors (0.18 per cent). Both the indices had opened over 0.5 per cent decrease earlier within the day and slipped over 1.7 per cent throughout the intraday commerce earlier than trimming losses in the direction of the final hour of the session.

On the Sensex pack, RIL was the largest loser on Friday adopted by Power Grid Corporation of India, Bharti Airtel, NTPC, Maruti Suzuki India and Sun Pharmaceutical Industries. In distinction, ITC, Bajaj twins – Bajaj Finance and Bajaj Finserv, Asian Paints, Hindustan Unilever (HUL) and Housing Development Finance Corporation (HDFC) have been the highest gainers.

All the sectoral indices on NSE ended greater besides Nifty Oil & Gas which cracked 4.17 per cent after the federal government imposed an export tax on petrol, diesel and jet gasoline (ATF). On the opposite hand, Nifty FMCG surged 2.82 per cent, Nifty Realty climbed 1.58 per cent and Nifty Healthcare Index rose 1.05 per cent.

In the broader market, the S&P BSE MidCap index ended at 21,858.93, up 145.69 factors (0.67 per cent) whereas the S&P BSE SmallCap settled at 24,807.74, up 21.32 factors (0.09 per cent).

“Unfavorable cues from the domestic market led to a weak start due to weakness in the rupee and selling in oil refineries as the government imposed an additional export duty on petrol and diesel. Adding to the weakness, India’s factory output growth slowed down during June, as high inflation continued to dampen demand. However, the FMCG sector witnessed strong buying supported by declining commodity prices on the belief that the prices have peaked out,” stated Vinod Nair, Head of Research at Geojit Financial Services.

Global market

European shares edged greater after Asian benchmarks completed decrease Friday, as a quarterly report by Japan’s central financial institution rekindled worries in regards to the world’s third largest financial system. Shares have been barely greater in Europe in early buying and selling, after ending decrease in Asia, declining in Tokyo, Seoul, Sydney and Shanghai. Markets have been closed in Hong Kong for a vacation. Oil costs fluctuated all through the day.

In Paris, the CAC 40 gained 0.4 per cent to five,946.61, whereas Germany’s DAX edged up 0.3 per cent to 12,820.65. Britain’s FTSE 100 added 0.2 per cent to 7,180.70. The future for the Dow industrials slipped 0.4 per cent to 30,664.00. The S&P 500 future fell 0.3 per cent to three,777.00.

Japan’s benchmark Nikkei 225 dropped 1.7 per cent to complete at 25,935.62. Australia’s S&P/ASX 200 edged down 0.4 per cent to six,539.90. South Korea’s Kospi misplaced 1.2 per cent to 2,305.42. The Shanghai Composite fell 0.3 per cent to three,387.64.

-global market enter from AP