Stock markets close higher on buying in Reliance, HDFC Bank
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Deccan Herald
an hour ago
- Deccan Herald
Markets end lower; HDFC Bank, foreign fund outflows drag
After the initial euphoria, the BSE Sensex later lost momentum and ended 287.60 points or 0.34 per cent lower at 83,409.69. During the day, it dropped 546.52 points or 0.65 per cent to 83,150.77.
Time of India
2 hours ago
- Time of India
Stock market update: Nifty Auto index advances 0.32%
NEW DELHI: The Nifty Auto index closed on a positive note on Wednesday. Shares of Balkrishna Industries Ltd.(up 3.61 per cent), Bharat Forge Ltd.(up 2.12 per cent), MRF Ltd.(up 1.91 per cent), Maruti Suzuki India Ltd.(up 1.45 per cent) and Tata Motors Ltd.(up 0.7 per cent) ended the day as top gainers in the pack. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now Undo On the other hand, Tube Investments of India Ltd.(down 2.98 per cent), Exide Industries Ltd.(down 0.78 per cent), Bajaj Auto Ltd.(down 0.51 per cent) and Mahindra & Mahindra Ltd.(down 0.35 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.32 per cent up at 23899.85. Benchmark NSE Nifty50 index ended down 88.4 points at 25453.4, while the BSE Sensex stood down 287.6 points at 83409.69. Live Events Among the 50 stocks in the Nifty index, 23 ended in the green, while 27 closed in the red. Shares of Vodafone Idea, RattanIndia Power, Sagility India, PC Jeweller and JP Power were among the most traded shares on the NSE. Shares of Gabriel India, TN Telecom, Prime Focus, Euro India Fresh and Niraj Ispat Ind. hit their fresh 52-week highs in today's trade, while Jindal Worldwide, Stampede Cap(DVR), Ganga Forging, Sadhana Nitro and Raymond Realty hit their fresh 52-week lows.
New Indian Express
3 hours ago
- New Indian Express
Knee-Jerk reversal hits markets; Sensex ends at 83,409
CHENNAI: Indian markets on Wednesday (July 2) witnessed a knee-jerk reversal from early optimism, as domestic financial stocks succumbed to global uncertainty. However, underlying macroeconomic strength and selective sectoral gains helped limit the overall decline. Early gains were erased by late-session selling pressure, particularly in financial heavyweights such as HDFC Bank, Larsen & Toubro, and Reliance Industries. The decline was largely triggered by concerns over the upcoming US tariff deadline, sustained foreign capital outflows, and mixed global cues. The BSE Sensex closed at 83,409.69, down 287.60 points or 0.34%, after touching an intraday low of 83,150.77. The NSE Nifty 50 ended at 25,453.40, lower by 88.40 points or 0.35%. Broader markets were also weak. The Nifty Midcap index declined by 0.36%, while the Nifty SmallCap index slipped 0.41%. Volatility: The India VIX (volatility index) dropped 0.66% to close at 12.44, indicating slightly reduced near-term market volatility. Market Sentiment Drivers: According to analysts, investor sentiment was affected by: Global uncertainty, especially ahead of the US tariff decision expected by July 9 Continued foreign capital outflows Pressure in key sectors such as financials and real estate The near-term outlook remains cautious as markets await clarity on Q1 corporate earnings and trade developments. However, the broader trend is expected to remain range-bound, supported by macroeconomic stability and strong IPO momentum. July is expected to see approximately $2.4 billion worth of public issues.
