The stock dipped after the government announced taxes on windfall gains made by crude oil producers. Due to this sharp fall, the stock tumbled below its 200-DMA.

Nifty closed on a high note as it made a fantastic recovery in the last half an hour. It closed marginally lower on a close-to-close basis but gained about 240 points from its day’s low.

Once a darling of investors but now an evil, it’s the saga of Nifty IT sector, which lost nearly 25 per cent in the last Q2 of the calendar year 2022. Moreover, on a YTD basis, it shed as much as 28 per cent.   

At noon on Friday, the headline equity indices, i.e. Sensex and Nifty 50 were trading lower as the global markets ended the second quarter of FY22.US stock futures fell on Friday morning after S&P 500 ended its worst first-half performance since 1970.   

The major equity indices experienced heavy losses in the opening trading. Nifty traded a tad below 15,600. All sectoral indices on NSE traded in the red with the exception of Nifty FMCG index. Reliance Industries, a company that dominates the index, pulled down the market by roughly 6 per cent after the government imposed Rs 6 per litre tax on the sale of gasoline and ATF along with a Rs 13 per litre tax on the export of diesel. 

As July started on a negative note, these stocks have jumped over 4 per cent. 

Prices of copper and other commodities have fallen sharply in the last quarter

The MoU aims to facilitate cooperation between BSE and physical markets in areas such as knowledge sharing, education & training, events as well as to explore all areas of mutual interest.

Markets opened flat and are currently experiencing a selloff. But there are areas that show strength. In this post, we will list the top stocks that are experiencing a price volume breakout.

On the last trading day of the week, the frontline index S&P BSE Sensex opened in green at the pre-opening bell.