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Closing bell
The Sensex closed lower by 217.86 points or 0.6 per cent at 36,323.77 and the Nifty ended down 82.05 points or 0.74 per cent at 10,936.85as the wholesale inflation jumped to a 54-month high of 5.77 per cent in June against 4.43 per cent in May.
Domestic sentiment was also hit as the country's trade deficit widened to a 43-month high of $16.60 billion in June compared with $12.96 billion in the same month last year. Weak global cues due to US-China trade war concerns fuelled the uptrend.
Top five Sensex gainers were NTPC, Infosys, HDFC, Wipro and HUL, while the major losers were Tata Steel, Tata Motors, Sun Pharma, Bharti Airtel and ICICI Bank.
Global markets
European stock markets inched higher as expectations for a flurry of bumper corporate earnings and merger speculation outweighed fears about the escalating trade conflict between Beijing and Washington. Read more
Bullion prices
Gold prices recovered by Rs 60 to Rs 31,150 per 10 grams. Silver also edged up by Rs 35 to Rs 39,950 per kg on increased offtake by industrial units and coin makers. Read more
Gold, silver futures
Gold prices rose Rs 59 to Rs 30,164 per 10 gram at the futures trade as speculators raised their bets owing to a firm global trend. Silver prices were higher by Rs 76 to Rs 39,122 per kg. Read more
'People must insist on invoice while buying diamonds'
Concerned over the alleged sale of synthetic diamonds under the guise of real diamonds, jewellers here have cautioned people against purchasing the precious stones without invoice so as to avoid being sold duplicates. Click here to read more
Sugar stocks turn sour
Shares of sugar producers fell in the afternoon trade on a report that the government may increase the fair and remunerative price for sugarcane by Rs 20 to Rs 275 per quintal. Read more
Jefferies outlook on metal cos
Indian metal companies are expected to report strong earnings in June quarter, as steel firms will benefit from the recent price hikes, says Jefferies.The brokerage says Tata Steel's group EBITDA is expected to be about Rs 7,200 crore ($1.05 billion), a rise of 11 per cent compared with the previous quarter. Read more
Pre-close trade
The Sensex plunged 207.49 points or 0.57 per cent to 36,334.14 and the Nifty dropped 79.65 points or 0.72 per cent to 10,939.25 as the wholesale inflation jumped to a 54-month high of 5.77 per cent in June against 4.43 per cent in May.
Domestic sentiment was also hit as the country's trade deficit widened to a 43-month high of $16.60 billion in June compared with $12.96 billion in the same month last year. Weak global cues due to US-China trade war concerns fuelled the uptrend.
Top five Sensex gainers were NTPC, Infosys, HDFC, Wipro and HUL, while the major losers were Tata Steel, Tata Motors, Sun Pharma, ICICI Bank and Bharti Airtel.
Top 10 Nifty gainers, losers
Sensex gainers, losers
BSE sectoral indices
Benchmark shares were trading down by nearly 0.5 per cent on heavy selling in realty, metal, healthcare and realty stocks amid weak global cues.
Domestic sentiment was hit as the WPI inflation jumped to 5.77 per cent in June and as the country's trade deficit widened to a 43-month high of $16.60 billion in June compared with $12.96 billion in the same month last year. Weak global cues also aided the downtrend.
The BSE index was down 121.49 points or 0.33 per cent at 36,420.14 and the NSE index down 60.1 points or 0.55 per cent at 10,958.80.
LIC board approves IDBI Bank buyout
Shares of IDBI Bank plunged as much as 7 per cent to Rs 53.30 after the LIC board has approved acquisition of up to 51 per cent stake in IDBI Bank. Now, the state-owned Life Insurance Corporation will approach the Securities and Exchange Board of India for its approval. Read more
WPI inflation
Inflation based on wholesale prices shot up to 5.77 per cent in June due to increasing prices of vegetables and fuel items. Wholesale Price Index-based inflation stood at 4.43 per cent in May and 0.90 per cent in June last year. Click here to read more
Lupin gets approval from UK MHRA
Lupin has received approval from UK MHRA (United Kingdom’s Medicines and Healthcare Products Regulatory Agency) for its Goa facility. The company shares were trading down 3.99 per cent at Rs 830.70 on the BSE. Read more
Suven gets product patent
Suven Life Sciences has been granted a product patent each by Europe and South Korea for a new chemical entity used in the treatment of disorders associated with neurodegenerative diseases. These patents are valid through 2033 and 2034, respectively. The company shares were trading down 0.85 per cent at Rs 215.40 on the BSE. Read more
Nifty 50 July Futures (10,988)
The near-term outlook is negative. Resistance is between 10,990 and 11,000 which is likely to cap the upside. A dip to test the next support region of 10,950-10,940 is likely now. Click here to read more
Indian shares were trading lower due to heavy selling in realty, healthcare, metal and infrastructure stocks amid weak global cues .
Domestic sentiment was hit as India's trade deficit widened to a 43-month high of $16.60 billion compared with $12.96 billion in the same month last year, as imports increased at a sharper rate of 21.31 per cent to $44.30 billion.
The Sensex was down 44.69 points or 0.12 per cent at 36,496.94 and the Nifty down 27 points or 0.25 per cent at 10,991.90.
Top five Sensex gainers were Infosys, Wipro, HUL, NTPC and Asian Paints, while the major losers were Tata Steel, Sun Pharma, ICICI Bank, Tata Motors and Bharti Airtel.
HUL hits record high
Shares of Hindustan Unilever today hit a record high ahead of quarterly results, and technicals suggest further upside. The shares climbed as much as 1.5 per cent to a record high of Rs 1,768.80. Read more
Multiplex operators tank 10-month low
Shares of Indian cinema theatre operators extended decline to a near 10-month low. PVR Ltd and INOX Leisure Ltd slumped as much as 3.6 per cent and 9.2 per cent, respectively. Read more
Aurobindo drops over 2%
Shares of Aurobindo Pharma dropped as much as 2.26 per cent to Rs 589.30 on the BSE. After opening the session higher at Rs Rs 610 against the previous close of Rs 602.90, the stock touched intraday high of Rs 612.15 and a low of Rs 589.30. Read more
Benchmark indices were trading down by nearly 0.5 per cent due to heavy selling in realty, healthcare, metal and infrastructure stocks amid weak Asian cues.
Domestic sentiment was hit as India's trade deficit widened to a 43-month high of $16.60 billion compared with $12.96 billion in the same month last year, as imports increased at a sharper rate of 21.31 per cent to $44.30 billion.
The Sensex was down 107.28 points or 0.29 per cent at 36,434.35 and the Nifty down 52.3 points or 0.47 per cent at 10,966.60.
Top five Sensex gainers were Infosys, HUL, Asian Paints, NTPC and IndusInd Bank, while the major losers were Tata Steel, ICICI Bank, Tata Motors, Sun Pharma and Coal India.
As per provisional data, foreign portfolio investors had sold shares worth Rs 1,104.65 crore, while domestic institutional investors bought shares worth Rs 872 crore.
Infosys jumps over 5%
Shares of India's No.2 software services exporter, Infosys Ltd, jumped as much as 5.1 per cent to Rs 1,384.40, and the brokerages are upbeat on the company’s growth prospects. Read more
PC Jeweller hits over 3-year low
Shares of PC Jeweller today hit over 3-year low as the company has cancelled the buyback offer. The stock plunged as much as 30 per cent to Rs 83.95, its lowest since December 2014. Read more
Dr Reddy's plunges to 5-week low
Shares of Dr Reddy's Laboratories plunged as Indivior has won a preliminary injunction against the company. The stock nosedived as much as 10.8 per cent to a five-week low of Rs 2,069.95. Read more
Brent crude falls to $74.85
Crude oil prices fell as fears of supply disruptions eased. File Photo
Oil prices fell as concerns about supply disruptions eased and Libyan ports resumed export activities, while traders eyed potential supply increases by Russia and other oil producers. Brent crude futures were down 48 cents, or 0.6 per cent, at $74.85 a barrel at 0302 GMT. Read more
Global forex market
The dollar paused at 112.39 yen, not far from a six-month top of 112.79 set on Friday. File Photo
The dollar paused at 112.39 yen, not far from a six-month top of 112.79 set on Friday. The index that tracks the dollar against six other major the currencies was barely changed at 94.750. Read more
The Sensex and Nifty were trading flat due to heavy selling in healthcare, metal, realty and consumer durables stocks amid weak Asian cues.
Domestic sentiment was dampened as India's trade deficit widened to an over three-and-a-half-year high of $16.6 billion due to costlier crude oil imports.
The BSE index was up 5.53 points or 0.02 per cent at 36,547.16 and the NSE index down 20.85 points or 0.19 per cent at 10,998.05.
Top five Sensex gainers were Infosys, Asian Paints, HUL, NTPC and Wipro, while the major losers were ICICI Bank, Sun Pharma, Tata Steel, Tata Motors and Reliance.
Asian shares fell as new data showed China's economy slowed slightly in the second quarter, compounded by fears of a full-scale Sino-US trade war looming over markets. After briefly moving higher on early gains in China's share markets, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent.
Asian markets
Asian shares were lower after data from China showed the world's second-largest economy slowed slightly in the second quarter, and as investors remain cautious over the impact of the heated Sino-US trade war. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 per cent. Read more
D-Street getting ready for Rs 14K cr IPOs
The IPO lane is getting busy as at least seven companies, including Lodha Developers and HDFC Mutual Fund, are expected to hit the capital market in the coming weeks to raise over Rs 14,000 crore. Read more
M-cap of Sensex cos surges Rs 1.58 lakh cr
Combined market capitalisation of nine of the 10 most valued companies surged by Rs 1,58,882.34 crore last week, helped by an overall strong broader market and smart surge in the valuation of Reliance Industries. Read more
Weekly trading guide
SBI (₹257.6)
SBI continued to trade in a sideways range and closed on a mixed note last week. A range-bound move between the support at ₹255 and resistance at ₹266 is possible for some time. A breakout on either side of ₹255 or ₹266 will then decide the next trend.
ITC (₹270.4)
ITC rose, breaking above the key resistance levels of ₹274 and ₹277, but failed to sustain higher. The stock made a high of ₹279.9 and tumbled over 3 per cent from this high. Support is in the ₹267-266 region, which is likely to be tested in the near term.
Infosys (₹1,309.1)
Infosys managed to bounce and close about 2 per cent higher last week. However, the price action on the chart indicates that the stock lacks fresh buyers to decisively retain it above the psychological level of ₹1,300. This keeps the possibility high of the stock breaking below the key 21-day moving average support level of ₹1,289.
RIL (₹1,096.7)
RIL surged, breaking above the crucial resistance levels of ₹1,000 and ₹1,050 in the past week. The stock was up, a whopping 12.3 per cent. The strong rally has finally ended the prolonged sideways consolidation movement in the stock. RIL has been stuck inbetween ₹850 and ₹1,020 since last November. An up-move to test the ₹1,135-₹1,150 resistance zone is possible in the coming days.
Tata Steel (₹558.1)
Tata Steel was stuck in a narrow range between ₹553 and ₹581 in the past week. The immediate outlook is unclear for the stock. If it breaks below ₹550, the stock can dip to test the crucial support level of ₹540 in the coming days. A bounce from ₹540 can take the stock higher to ₹560 and ₹570.
Click here to view the full guide
9.15 am
The 30-share BSE index Sensex opened lower by 16.09 points at 36,525.54 against the previous close of 36,541.63 and the 50-share NSE index Nifty down 13.95 points at 11,004.95 against Friday's close of 11,018.90.
9.05 am
Index Outlook
Despite a setback from retail inflation increase and decline in May industrial output, the benchmark indices moved higher, taking cues from the global market. The corporate results announcement of the blue-chip stocks could keep the bullish momentum intact. However, investors need to tread with caution as the key indices scale new highs and enter unchartered territory. Click here to read more
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