Investors will maintain a cautious stance.
Sensex closed over 118 points down on Thursday.
Bajaj Finance was the top gainer in the Sensex pack, rising around 2 per cent, followed by Sun Pharma, Tech Mahindra, Axis Bank, Bajaj Auto and Infosys. NSE Nifty rose 76.40 points to 15,174.80.
The progress of the GST Bill in Parliament is also likely to remain in focus
The 30-share Sensex ended 79 points lower at 26,909 and the 50-share Nifty closed 25 points lower at 8,102.
The 30-share Sensex ended lower by 46 points at 27,842 and the 50-share Nifty slipped 17 points to trade at 8,378.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
The recovery was led by pharma majors led by Dr Reddy's Labs.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Most Asian markets ended with gains.
Sensex dull at close, Infosys rules, ITC drags.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
In line with Sensex, the broader indices also saw hefty losses. Large cap index tumbled 0.79 per cent, midcap 0.87 per cent and smallcap 0.57 per cent.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
The upcoming July derivatives expiry later in the week would also add some volatility to the market proceedings.
Participants are keenly waiting for the January IIP.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
The first quarter earnings season will dictate the trend in the equity markets in this holiday-shortened week amid absence of major macroeconomic drivers, say analysts. Besides, lacklustre global markets may increase volatility in the market, they added. Equity markets would remain closed on Wednesday for Bakri-Id.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Stock markets will focus on global trends for further direction in this holiday-shortened week as the earnings season is largely over, analysts said. Trade experts expect the key benchmark indices to move sideways as investors are trying to decode the impact of rising inflation on foreign portfolio investments. Inflation data released by the US and China last week have fanned fears of earlier than expected rate hike and boosted US bond yields.
The BSE Midcap and Smallcap indices have performed better than the front-liners
The BSE Midcap ended up 0.5% while the Smallcap index ended nearly 1% higher
Tata Motors was the top gainer on better-than-expected June quarter revenues
ONGC was the top performer while private banking major ICICI Bank extended gains
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
Nikunj Saraf, Vice President Choice Wealth, answers your Mutual Fund queries.
Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
The Nifty and Bank Nifty ended at record closing high of 7,913 and 15,865 respectively.
Markets closed the day in green on favourable domestic factors,
ONGC was the top gainer in the Sensex pack, rallying around 5 per cent, followed by NTPC, Reliance Industries, IndusInd Bank, Axis Bank and PowerGrid. NSE Nifty rose 115.35 points to reclaim 15,000 level.
Benchmark indices finished higher on hopes of economic reforms
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
Sensex, Nifty end lower on global concerns.
Gains were led by Tata Motors amid robust sales in June along with select financials.
Investors will remain cautious ahead of F&O expiry.
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