Nifty closes on a high note! ITC and Bajaj twins lead the rally

Rohit Kale
/ Categories: Trending, Mkt Commentary
Nifty closes on a high note! ITC and Bajaj twins lead the rally

ITC, Bajaj Finserv, and Bajaj Finance emerged as the top gainers while ONGC, Reliance, & Power Grid Corp were the top losers.

Market update at 3.30 PM: 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. Sensex lost 111 points while Nifty Midcap and Nifty Smallcap closed higher by 0.51 per cent & 0.38 per cent, respectively.   

Among the sectors, FMCG, realty & financials performed well and closed higher. However, the energy sector witnessed profit-booking and closed lower.   

ITC, Bajaj Finserv, and Bajaj Finance emerged as the Top Gainers</span></a></strong> while ONGC, Reliance, & Power Grid Corp were the Top Losers.   

US jobs data is set to release on Friday evening, and with this, the global markets are expected to be volatile.

 

Market update at 2 PM: Indices are off their day’s low, and Nifty has recovered over 160 points from 15500-level. It is currently down by about 0.63 per cent while Sensex has lost around 337 points. Besides, Nifty Midcap and Nifty Smallcap indices are flat. 

Meanwhile, FMCG and realty sectors are supporting the market.  

 

Market update at 11.30 AM: Indices are trading lower amid volatility. Nifty has slipped 0.86 per cent while Sensex tanked 440 points. Nifty Midcap and Nifty Smallcap are trading marginally lower by 0.15 per cent & 0.28 per cent, respectively. 

Among the sectors, energy has witnessed strong profit booking after the government announced a fuel export tax. Thus, ONGC (-9.60 per cent) and Reliance (-5.27 per cent) turned out to be the top losers amongst Nifty stocks. However, the FMCG sector is supporting the market. The top gainers currently are Asian Paints, Bajaj Finserv, and ITC. 

The advance-decline ratio is at 688:1,186, indicating the weak sentiment in the market.  

 

Market update at 9.30 AM: Indices have opened lower and Nifty slipped half a per cent. Sensex has lost about 221 points while the Mid-Cap</span></a></strong> & Most of the Asian markets have opened lower but SGX Nifty indicates a flat to slightly negative opening for Nifty.

RBI, in its financial stability report, states that banks’ asset quality has improved and GNPA is at a 6-year low. Auto companies are set to declare their sales numbers for June. With this, auto stocks will be in focus today. In the last trading session, the FIIs sold to the tune of Rs 1,138 crore while the DIIs bought about Rs 1,378 crore worth of equity. Nifty is likely to open near 15,750 while the level of 15,700 level shall act as an immediate support level.

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2 comments on article "Nifty closes on a high note! ITC and Bajaj twins lead the rally"

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luit PATHAK

Top losers or Top gainers


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sudhir baghrecha

Bhel and bel are they in process of semiconductor business

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