Stock Market : Closing Bell

Daily Market Updates Closing Bell
121

Closing bell: Frontline indices plummet while Nifty Smallcap surges!

On Tuesday, the Frontline indices concluded the trading day significantly lower while Broader indices ended on a mixed note, with Nifty Media among the top gainers.

Major Indices Performance:

On Tuesday, the Frontline indices concluded the trading day significantly lower while Broader indices ended on a mixed note, with Nifty Media among the top gainers. The Sensex substantially declined by 0.62%, closing at 72,943.68 level, while Nifty also plummeted by 0.56% and closed at 22,147.90 level. Similarly Nifty Bank experienced significant decline of 0.6% and closed at 47,484.80 level. Furthermore, the broader market also showed mixed performance as Nifty Midcap marginally declined by 0.09%, while Nifty Smallcap gained by 0.75%.

Sectoral Performance:

Within the sectoral landscape Nifty Media, Nifty FMCG, Nifty Pharma and Nifty Energy are among the top gainers while, Nifty IT, Nifty PSU Bank, Nifty Bank and Nifty Metal were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Eicher Motors stood out as the leading gainer with a significant surge of over 3%, followed by Divi’s Laboratories, Titan and Hindustan Unilever. Conversely, Infosys, Indusind Bank, LTIMindtree and Wipro found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Patanjali Foods, Bharat Dynamics, Exide Industries and Amara Raja Energy and Mobility, registered substantial gains, standing among the top gainers. On the flip side, Mphasis, Coforge, Honsa Consumer and Jyothy Labs have witnessed major declines, ranking among the top losers.

Surprise Surge in US Retail Sales for March:

Government data revealed on Monday that retail sales in the United States exceeded expectations in March, contradicting forecasts of subdued consumer demand.

According to the Commerce Department, US retail sales experienced a 0.7% increase in March, reaching $709.6 billion, following a revised 0.9% rise in February.

Compared to the same period last year, the March figure marked a 4.0% increase.

Oil Prices:

Amid escalating tensions in the Middle East following Israel’s military chief’s statement regarding a response to Iran’s weekend missile and drone attack, oil prices climbed on Tuesday.

Brent futures for June delivery increased by 46 cents, or 0.5%, reaching $90.56 a barrel, while US crude futures for May delivery rose by 43 cents, or 0.5%, to $85.84 a barrel.

Oil prices had declined in Monday’s session as Iran’s weekend attack on Israel was less damaging than expected, initially alleviating concerns of a rapidly intensifying conflict that could disrupt crude supplies.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1266 advancing stocks compared to 833 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

122

Closing bell: Frontline indices decline with Nifty FMCG among the top losers!

On Thursday, the Frontline indices concluded the trading day moderately lower while Broader indices also underperformed, with Nifty FMCG among the top losers.

Major Indices Performance:

On Thursday, the Frontline indices concluded the trading day moderately lower while Broader indices also underperformed, with Nifty FMCG among the top losers. The Sensex moderately declined by 0.62%, closing at 72,488.99 level, while Nifty also plunged by 0.69% and closed at 21,195.85 level. Similarly Nifty Bank experienced significant decline of 0.87% and closed at 47,069.45 level. Furthermore, the broader market also showed underperformance as Nifty Midcap moderately declined by 0.49%, while Nifty Smallcap plunged by 0.28%.

Sectoral Performance:

Within the sectoral landscape Nifty Media was the only major sector which traded positively while, Nifty FMCG, Nifty Financial Services, Nifty Pharma and Nifty Energy were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Bhart Airtel stood out as the leading gainer with a significant surge of over 4%, followed by Power Grid, Bajaj Auto and LTIMindtree. Conversely, Apollo Hospitals, Titan, Nestle India and Coal India found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Mankind Pharma, JSW Energy, Alok Industries and Himadri Speciality Chemical, registered substantial gains, standing among the top gainers. On the flip side, Indraprastha Gas, Max Health Insurance, Mahanagar Gas and Ceat have witnessed major declines, ranking among the top losers.

IMF Boosts India’s FY25 GDP Growth Projection:

The International Monetary Fund (IMF) revised India’s FY25 GDP growth forecast upward by 30 basis points to 6.8% on April 16, up from its January projection of 6.5%. This adjustment reflects optimistic domestic demand conditions and a growing working-age population.

India maintains its position as the world’s fastest-growing economy, outpacing China’s projected growth of 4.6% for the same period. IMF anticipates India’s FY26 GDP growth at 6.5%, with retail inflation forecasted at 4.6% in FY25 and 4.2% in FY26.

Oil Prices:

In early Thursday trading, oil prices experienced a slight increase, partially offsetting losses from the previous session. This uptick followed announcements from the United States regarding the reinstatement of oil sanctions on Venezuela, coupled with discussions within the European Union concerning potential new restrictions on Iran.

Brent futures saw a rise of 10 cents, or 0.11%, reaching $87.39 a barrel, while US crude futures increased by 2 cents to $82.71 a barrel. Both benchmarks had declined by 3% in the prior session due to concerns about demand.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 880 advancing stocks compared to 1207 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

123

Closing bell: Frontline indices surge while Nifty PSU Bank surges over 3%!

On Monday, the Frontline indices concluded the trading day significantly higher while Broader indices outperformed, followed by Nifty PSU Bank with a surge of over 3%.

Major Indices Performance:

On Monday, the Frontline indices concluded the trading day significantly higher while Broader indices outperformed, followed by Nifty PSU Bank with a surge of over 2%. The Sensex substantially gained by 0.77%, and closed at 73,648.62 level, while Nifty also surged by 0.86% and closed at 22,336.40 level. Similarly Nifty Bank experienced significant gain of 0.82% and closed at 47,924.90 level. Furthermore, the broader market showed outperformance as Nifty Midcap substantially gained by 0.82%, while Nifty Smallcap soared by 1.31%.

Sectoral Performance:

Within the sectoral landscape Nifty PSU Bank, Nifty Pharma, Nifty Auto and Nifty FMCG were among the top gainers while there were no major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, BPCL stood out as the leading gainer with a significant surge of over 3%, followed by Tata Consumer Product, Eicher Motors and L&T. Conversely, NTPC, HDFC Bank, JSW Steel and Indusind Bank found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Union Bank, Voltas, Tejas Networks and ITI, registered substantial gains, standing among the top gainers. On the flip side, Persistent Systems, Sona BLW Precision Forgings, Gujarat State Petronet and Ram Krishna Forgings have witnessed major declines, ranking among the top losers.

HDFC Bank Reports Strong Q4 Performance:

HDFC Bank announced its financial results for the January-March quarter of FY 2023-24, revealing a net profit of Rs 16,511 crore, marking a 0.84% increase from the previous quarter’s Rs 16,373 crore.

The bank’s net interest income (NII) rose to Rs 29,007 crore from the previous quarter’s Rs 28,470 crore, slightly below market estimates of Rs 29,172 crore.

Additionally, the bank reported a gross non-performing asset (NPA) of 1.24%, down from 1.26% in the last quarter, while the net NPA for the quarter stood at 0.33% compared to 0.31% previously.

Oil Prices:

Oil prices declined as Asian markets opened on Monday, influenced by a renewed focus on market fundamentals. Israel and Iran downplayed the potential escalation of hostilities in the Middle East following Israel’s minor strike on Iran.

Brent futures dropped by 54 cents, or 0.6%, settling at $86.75 per barrel. The front-month US West Texas Intermediate (WTI) crude contract for May, expiring on Monday, decreased by 12 cents to $83.02 per barrel. The more active June contract fell by 47 cents, or 0.6%, reaching $81.75 per barrel.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1571 advancing stocks compared to 539 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

124

Closing bell: Frontline indices close on a positive note while Nifty Realty surged over 2.5 per cent!

On Tuesday, the Frontline indices concluded the trading day significantly higher while Broader indices outperformed, followed by Nifty Realty with a surge of over 2.5%.

Major Indices Performance:

On Tuesday, the Frontline indices concluded the trading day significantly higher while Broader indices outperformed, followed by Nifty Realty with a surge of over 2.5%. The Sensex marginally gained by 0.12%, and closed at 73,738.46 level, while Nifty also marginally surged by 0.14% and closed at 22,368 level. Similarly Nifty Bank experienced slight gain of 0.1% and closed at 47,970.45 level. Furthermore, the broader market showed outperformance as Nifty Midcap substantially gained by 1.06%, while Nifty Smallcap soared by 1.23%.

Sectoral Performance:

Within the sectoral landscape Nifty Realty, Nifty FMCG, Nifty Media and Nifty IT were among the top gainers while Nifty Pharma, Nifty Metal and Nifty Energy were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Grasim stood out as the leading gainer with a significant surge of over 3.5%, followed by Bharti Airtel, Nestle India and Maruti. Conversely, Sun Pharma, BPCL, Reliance and M&M found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, BSE, Vodafone Idea, Tejas Networks and Cochin Shipyards, registered substantial gains, standing among the top gainers. On the flip side, M&M Financial Services, Oracle Financial Services Software, Nippon Life India Asset Management and IIFL Finance have witnessed major declines, ranking among the top losers.

Reliance Industries reports Q4FY24 results:

Reliance Industries Ltd (RIL) announced a fourth-quarter net profit of Rs 21,243 crore, marking a marginal 0.1% increase and surpassing analyst expectations. The growth was primarily fuelled by a resurgence in its core oil-to-chemicals (O2C) business.

Profit attributable to owners of the company stood at Rs 18,951 crore, slightly lower than the previous year’s figure of Rs 19,299 crore. Additionally, the company’s board approved a dividend payout of Rs 10 per share. According to an exchange filing on April 22, the company reported revenue of Rs 2.41 lakh crore for the quarter ending March 31.

Oil Prices:

During Asian trading on Tuesday, oil prices stabilized following a decline in the prior session, with investors persistently evaluating geopolitical risks in the Middle East.

Global benchmark Brent crude oil futures edged up by 4 cents to $87.39 a barrel, while U.S. West Texas Intermediate crude futures also increased by 4 cents to $81.94 a barrel.

The previous session witnessed both benchmarks dropping by 29 cents, indicating limited immediate effects on oil supplies from the region despite heightened tensions between Israel and Iran.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1324 advancing stocks compared to 779 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

125

Closing bell: Frontline indices close higher while Nifty Financial Services surge over 1%!

Description: On Friday, the Frontline indices concluded the trading day substantially higher whereas Broader indices underperformed, with Nifty Financial Services among the top gainers.

Major Indices Performance:

On Friday, the Frontline indices concluded the trading day substantially higher whereas Broader indices underperformed, with Nifty Financial Services among the top gainers. The Sensex substantially gained by 0.83%, and closed at 73,088.33 level, while Nifty also surged by 0.69% and closed at 22,147 level. Similarly Nifty Bank experienced significant gain of 1.07% and closed at 47,574.15 level. Furthermore, the broader market showed underperformance as Nifty Midcap moderately declined by 0.61%, while Nifty Smallcap marginally declined by 0.1%.

Sectoral Performance:

Within the sectoral landscape Nifty Financial Services, Nifty Bank, Nifty Metal and Nifty FMCG were among the top gainers while Nifty Media, Nifty Realty, Nifty Pharma and Nifty Energy were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Bajaj Finance stood out as the leading gainer with a significant surge of over 3%, followed by M&M, Maruti and HDFC Bank. Conversely, Bajaj Auto, HCL Technologies, Nestle India and Divi’ Laboratories found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Escorts, Indus Tower, Ram Krishna Forgings and Raymond, registered substantial gains, standing among the top gainers. On the flip side, Tata Communications, Suzlon Energy, Angel One and IIFL Finance have witnessed major declines, ranking among the top losers.

Strong Q4 Performance: Bajaj Auto Exceeds Expectations and Declares Dividend:

Bajaj Auto Ltd surpassed expectations with a consolidated net profit of Rs 2,011.43 crore for the fourth quarter of FY2023-24. This marked an 18% increase from the previous year’s Rs 1,704.74 crore.

The Pune-based company recorded a revenue of Rs 11,249.8 crore for the January-March quarter, reflecting a notable 30% growth compared to the same period last year. Its total income for Q4 stood at Rs 11,914.94 crore, showing a substantial 29.6% increase from the corresponding period last year.

Oil Prices:

Early in Friday’s trading session, oil prices declined due to several factors. Firstly, US jobs data suggested that interest rates could remain elevated for an extended period, which could potentially decrease oil demand. Additionally, tensions in the Middle East eased, alleviating concerns about oil supply disruptions. Despite sanctions imposed on Venezuela and Iran by the US, the market largely overlooked these developments.

Brent futures dropped by 23 cents to $86.88 per barrel, while US crude decreased by 25 cents to $82.48 per barrel. In the US, the number of new jobless claims remained steady at a low level, indicating ongoing strength in the labour market and reinforcing expectations that the Federal Reserve would maintain higher interest rates.

Meanwhile, the European Central Bank hinted at an interest rate cut in June, and Chinese central bank officials discussed potential measures to support the economy amidst weakening real credit demand.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 899 advancing stocks compared to 1200 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

126

Closing bell: Frontline indices close on a mixed note while Nifty Realty surged over 2.5%

On Monday, the Frontline indices concluded the trading day on a mixed note while Broader indices underperformed, followed by Nifty Realty with a surge of over 2.5%.

Major Indices Performance:

On Monday, the Frontline indices concluded the trading day on a mixed note while Broader indices underperformed, followed by Nifty Realty with a surge of over 2.5%. The Sensex marginally gained by 0.02%, and closed at 73,895.54 level, while Nifty marginally declined by 0.15% and closed at 22,442.70 level. Similarly Nifty Bank experienced a slight decline of 0.06% and closed at 48,895.30 level. Furthermore, the broader market showed underperformance as Nifty Midcap plunged by 0.54%, while Nifty Smallcap plummeted by 1.5%.

Sectoral Performance:

Within the sectoral landscape Nifty Realty, Nifty IT, Nifty FMCG and Nifty Pharma were among the top gainers while Nifty PSU Bank, Nifty Media, Nifty Energy and Nifty Metal were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Britannia stood out as the leading gainer with a significant surge of over 6.5%, followed by Kotak Bank, TCS and Hindustan Unilever. Conversely, Titan, Adani Enterprises, BPCL and Coal India found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Godrej Properties, Prestige Estates, Piramal Pharma and Central Depository Services (India) registered substantial gains, standing among the top gainers. On the flip side, BHEL, One 97 Communications, Mangalore Refinery And Petrochemicals and Ramkrishna Forgings have witnessed major declines, ranking among the top losers.

India’s Forex Reserves Decline for Third Consecutive Week:

According to RBI data, India’s forex reserves experienced a third consecutive weekly decline, falling by $2.412 billion to $637.922 billion by the end of April 26. The data revealed that for the week ending April 26, foreign currency assets, a significant portion of the reserves, decreased by $1.159 billion to $559.701 billion.

Oil Prices:

Oil prices surged in early trading following Israel’s closure of the Kerem Shalom humanitarian crossing into Gaza on Sunday in response to a rocket barrage by Hamas. This action heightens the risk to ongoing hostage and cease-fire negotiations. Additionally, Saudi Arabia raised the price of crude sold to Asia to tighten the oil market.

Traders are closely monitoring central bank meetings this week, particularly the Reserve Bank of Australia, expected to adopt a hawkish stance following last month’s stronger-than-expected inflation data. Moreover, upcoming Chinese activity data and inflation readings in key emerging markets are anticipated.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 552 advancing stocks compared to 1576 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

127

Closing bell: Frontline indices close on a lower note while Nifty Smallcap plummeted over 1.5%!

On Tuesday, the Frontline indices closed the trading day on a negative note while Broader indices significantly underperformed, followed by Nifty Realty with a decline of over 3%.

Major Indices Performance:

On Tuesday, the Frontline indices closed the trading day on a negative note while Broader indices significantly underperformed, followed by Nifty Realty with a decline of over 3%. The Sensex moderately declined by 0.52%, and closed at 73,511.85 level, while Nifty plunged by 0.62% and closed at 22,302.50 level. Similarly Nifty Bank experienced a significant decline of 1.25% and closed at 48,285.35 level. Furthermore, the broader market showed underperformance as Nifty Midcap plunged by 1.95%, while Nifty Smallcap plummeted by 1.89%.

Sectoral Performance:

Within the sectoral landscape Nifty FMCG and Nifty IT were among the top gainers while Nifty PSU Realty, Nifty Metal, Nifty PSU Bank and Nifty Energy were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Hindustan Unilever stood out as the leading gainer with a significant surge of over 5%, followed by Tech Mahindra, Britannia and Nestle India. Conversely, Bajaj Auto, Power Grid Corporation, ONGC and Indusind Bank found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, CG Power and Industrial Solutions, FSN E Commerce, Jyothy Labs and Titagarh Rail Systems registered substantial gains, standing among the top gainers. On the flip side, Prestige Estates, JSW Energy, Mangalore Refinery And Petrochemicals and Ceat have witnessed major declines, ranking among the top losers.

PSU Bank Shares Plummet Amid RBI’s Proposed Stringent Lending Regulations:

The Reserve Bank of India (RBI) unveiled a draft on May 6 proposing tighter lending norms and heightened oversight for ongoing infrastructure projects. Public-sector banks faced the brunt of the repercussions, as the draft mandates elevated provisions and enhanced monitoring for these ventures. The RBI underscored that these measures stem from banks’ past experiences with project loans.

Despite India experiencing a surge in infrastructure and manufacturing endeavors, previous defaults on infrastructure loans have strained the banking sector. The proposed guidelines aim to avert such occurrences amidst the current emphasis on infrastructure spending.

Oil Prices:

Oil prices saw a slight increase early on Tuesday following an Israeli strike on Rafah in Gaza, while negotiations for a ceasefire with Hamas continued without resolution.

Brent crude futures rose by 46 cents, or 0.55%, to $83.79 per barrel, while US West Texas Intermediate (WTI) crude futures increased by 46 cents, or 0.59%, reaching $78.94 a barrel.

Prices had risen slightly on Monday, partially reversing last week’s declines, which marked the steepest weekly loss in three months. The focus remains on weak US jobs data and the potential timing of a Federal Reserve interest rate cut.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 409 advancing stocks compared to 1714 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

128

Closing bell: Frontline indices close on a flat note while Nifty Auto surges over 1.5%

On Wednesday, the Frontline indices closed the trading day on a flat note while Broader indices outperformed, followed by Nifty Auto with a surge of over 1.5%.

Major Indices Performance:

On Wednesday, the Frontline indices closed the trading day on a flat note while Broader indices outperformed, followed by Nifty Auto with a surge of over 1.5%. The Sensex marginally declined by 0.06%, and closed at 73,466.39 level, while Nifty closed flat at 22,302.50 level. Similarly Nifty Bank experienced a moderate decline of 0.55% and closed at 48,021.10 level. Furthermore, the broader market showed outperformance as Nifty Midcap surged by 0.73%, while Nifty Smallcap soared by 0.57%.

Sectoral Performance:

Within the sectoral landscape Nifty Auto, Nifty Energy and Nifty Metal were among the top gainers while Nifty Bank, Nifty Financial Services and Nifty IT were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Hero Motocorp stood out as the leading gainer with a significant surge of over 3%, followed by BPCL, Tata Motors and Power Grid Corporation. Conversely, Dr Reddy’s Laboratories, Asian Paints, Grasim and Ultratech Cement found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Bharat Forge, Prestige Estates, Housing & Urban Development Corporation and Century Textiles registered substantial gains, standing among the top gainers. On the flip side, Volatas, One 97 Communications, Sonata Software and Graphite have witnessed major declines, ranking among the top losers.

JSW Energy Board Approves Fundraising of Up to Rs 10,000 Crore for Clean Energy Expansion:

The board of JSW Energy has given the green light to raise funds totaling up to Rs 10,000 crore to enhance its clean energy portfolio. This will be achieved through various methods such as private offerings, preferential allotments, or qualified institutions placement. Additionally, the company plans to seek board approval at the Annual General Meeting (AGM) for additional fundraising as needed.

Oil Prices:

Oil stabilized close to its mid-March lows amidst tensions in the Middle East and a moderately bearish report on US stockpiles.

Brent lingered near $83 per barrel, slightly above its 100-day moving average, while West Texas Intermediate remained above $78. Meanwhile, Israel’s military advanced into Rafah amidst ongoing but unresolved truce negotiations.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1187 advancing stocks compared to 908 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

129

Closing bell: Frontline indices plummet over 1% while Broader indices significantly underperform amidst a spike in volatility!

On Thursday, the Frontline indices closed the trading day on a negative note while Broader indices significantly underperformed, followed by Nifty Energy with a decline of over 2.5%.

Major Indices Performance:

On Thursday, the Frontline indices closed the trading day on a negative note while Broader indices significantly underperformed, followed by Nifty Energy with a decline of over 2.5%. The Sensex significantly declined by 1.45%, and closed at 72,404.17 level, while Nifty also tumbled by 1.55% and closed at 22,957.50 level. Similarly Nifty Bank experienced a substantial decline of 1.11% and closed at 49,109.15 level. Furthermore, the broader market showed underperformance as Nifty Midcap plunged by 1.85%, while Nifty Smallcap plummeted by 2.83%.

Sectoral Performance:

Within the sectoral landscape Nifty Auto was the only major sector which was trading positively while Nifty Energy, Nifty Metal, Nifty FMCG and Nifty Realty were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Hero Motocorp stood out as the leading gainer with a significant surge of over 3%, followed by Tata Motors, M&M and SBI. Conversely, L&T, Asian Paints, BPCL and Coal India found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, One 97 Communications, Bandhan Bank, Tata Investment Corporation and Data Patterns registered substantial gains, standing among the top gainers. On the flip side, Piramal Enterprises, NHPC, Manappuram Finance and Angel One have witnessed major declines, ranking among the top losers.

Oil Prices:

In early Asian trading, oil prices declined following reports of increased US crude and fuel stockpiles, indicating weakened demand. Brent crude futures slipped 0.3% to $82.95 per barrel, while US West Texas Intermediate crude futures dropped 0.2% to $78.25 per barrel.

Both benchmarks saw slight declines in the preceding session due to a relaxation in supply constraints. Additionally, hopes for a ceasefire in Gaza and a stronger US dollar contributed to the downward pressure on oil prices.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 255 advancing stocks compared to 1856 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

130

Closing bell: Frontline indices close in green while Nifty Energy surges over 1.5%!

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices outperformed, followed by Nifty Energy with a gain of over 1.5%.

Major Indices Performance:

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices outperformed, followed by Nifty Energy with a gain of over 1.5%. The Sensex moderately gained by 0.36%, and closed at 72,664.47 level, while Nifty also surged by 0.44% and closed at 22,055.20 level. Similarly Nifty Bank experienced a slight decline of 0.11% and closed at 47,421.10 level. Furthermore, the broader market outperformed as Nifty Midcap gained by 0.86%, while Nifty Smallcap soared by 0.69%.

Sectoral Performance:

Within the sectoral landscape Nifty Energy, Nifty Metal, Nifty FMCG and Nifty Auto were trading positively while Nifty IT, Nifty Realty, Nifty PSU Bank and Nifty Bank were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, BPCL stood out as the leading gainer with a significant surge of over 4%, followed by NTPC, Power Grid and Hero Motocorp. Conversely, TCS, Cipla, LTIMindtree and Infosys found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, UPL, JSW Steel, IIFL Finance and RR Kabel registered substantial gains, standing among the top gainers. On the flip side, Sona BLW Precision Forgings, PB Fintech, Intellect Design Arena and IRB Infrastructure Developers have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil is set for its third consecutive day of gains, driving its weekly performance higher due to US jobs data hinting at potential Fed rate cuts, which in turn supports risk assets. Brent crude surpasses $84 per barrel, while West Texas Intermediate approaches $80.

Increased US jobless claims further strengthen the argument for looser monetary policy, leading to a weaker dollar and increased attractiveness of commodities. Oil maintains an upward trajectory this year, supported by OPEC+ cuts, strong global demand, and ongoing tensions in the Middle East. OPEC+ will convene next month to discuss second-half output.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1333 advancing stocks compared to 771 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

131

Closing bell: Frontline indices close on a positive note with Nifty Pharma among the top gainers!

On Monday, the Frontline indices closed the trading day on a positive note while Broader indices showed mixed performance, followed by Nifty Pharma with a gain of over 1.5%.

Major Indices Performance:

On Monday, the Frontline indices closed the trading day on a positive note while Broader indices showed mixed performance, followed by Nifty Pharma with a gain of over 1.5%. The Sensex moderately gained by 0.15%, and closed at 72,776.14 level, while Nifty also surged by 0.22% and closed at 22,104.05 level. Similarly Nifty Bank experienced a major gain of 0.7% and closed at 47,754.10 level. Furthermore, the broader market closed on a mixed note as Nifty Midcap gained by 0.41%, while Nifty Smallcap declined by 0.43%.

Sectoral Performance:

Within the sectoral landscape Nifty Pharma, Nifty Metal, Nifty Realty and Nifty Financial Services were trading positively while Nifty Auto, Nifty PSU Bank, Nifty Energy and Nifty Media were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Cipla stood out as the leading gainer with a significant surge of over 5.5%, followed by Asian Paints, Adani Ports and Divi’s Laboratories. Conversely, Tata Motors, BPCL, Shriram Finance and NTPC found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, UPL, Dr Lal Path Labs, Tejas Networks and Ceat registered substantial gains, standing among the top gainers. On the flip side, Bank of India, Union Bank, Tata Investment Corporation and Praj Industries have witnessed major declines, ranking among the top losers.

Oil Prices:

On Monday, oil prices continued to fall due to indications of sluggish fuel demand and remarks from US Federal Reserve officials that tempered expectations of interest rate cuts. Such cuts could potentially hamper growth and reduce fuel demand in the largest global economy.

Brent crude futures decreased by 26 cents, or 0.3%, to $82.53 a barrel, while US West Texas Intermediate crude futures stood at $78.03 a barrel, down 23 cents, or 0.3%.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 902 advancing stocks compared to 1216 declining stocks, signalling a pessimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

132

Closing bell: Frontline indices close on a positive note while Nifty Metal surges over 2.5%!

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices showed outperformance, followed by Nifty Metal with a gain of over 2.5%.

Major Indices Performance:

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices showed outperformance, followed by Nifty Metal with a gain of over 2.5%. The Sensex moderately gained by 0.45%, and closed at 73,104.61 level, while Nifty also surged by 0.51% and closed at 22,217.85 level. Similarly Nifty Bank experienced a moderate gain of 0.22% and closed at 47,859.45 level. Furthermore, the broader market outperformed as Nifty Midcap gained by 0.98%, while Nifty Smallcap soared by 2.03%.

Sectoral Performance:

Within the sectoral landscape Nifty Metal, Nifty Auto, Nifty Energy and Nifty PSU Bank were trading positively while Nifty FMCG and Nifty Pharma were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Adani Enterprises stood out as the leading gainer with a significant surge of over 5%, followed by M&M, Hero Motocorp and L&T. Conversely, Cipla, TCS, Nestle India and Tata Consumer Product found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Mazagon Dock Shipbuilders, Rail Vikas Nigam, Cochin Shipyard and Housing & Urban Development Corporation registered substantial gains, standing among the top gainers. On the flip side, Tube Invest of India, UPL, Piramal Pharma and Aarti Industries have witnessed major declines, ranking among the top losers.

Oil Prices:

On Tuesday, oil prices climbed amid indications of a potential tightening in the supply-demand dynamics due to operational interruptions, increased demand, and deliberate production reductions.

US West Texas Intermediate crude futures saw an uptick of 18 cents, reaching $79.30 a barrel. Similarly, Brent crude futures experienced an increase of 19 cents, reaching $83.55 a barrel.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1640 advancing stocks compared to 470 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

133

Closing bell: Frontline indices close on a negative note while Nifty PSU Bank surges over 1%!

On Wednesday, the Frontline indices closed the trading day on a negative note whereas Broader indices showed outperformance, followed by Nifty PSU Bank with a gain of over 1%.

Major Indices Performance:

On Wednesday, the Frontline indices closed the trading day on a negative note whereas Broader indices showed outperformance, followed by Nifty PSU Bank with a gain of over 1%. The Sensex marginally declined by 0.16%, and closed at 72,987.03 level, while Nifty also plunged by 0.08% and closed at 22,200.55 level. Similarly Nifty Bank experienced a moderate decline of 0.36% and closed at 47,687.45 level. Furthermore, the broader market outperformed as Nifty Midcap gained by 0.96%, while Nifty Smallcap surged by 0.58%.

Sectoral Performance:

Within the sectoral landscape Nifty PSU Bank, Nifty Energy, Nifty Realty and Nifty Metal were trading positively while Nifty FMCG, Nifty Media, Nifty Auto and Nifty Bank were among the top losers.

Top Gainers and Losers:

Among the Nifty 50, Coal India stood out as the leading gainer with a significant surge of over 4%, followed by Cipla, BPCL and Bharti Airtel. Conversely, Asian Paints, Tata Motors, Bajaj Auto and Eicher Motors found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, BSE, CG Power and Industrial Solutions, ITI and KEC International registered substantial gains, standing among the top gainers. On the flip side, Mankind Pharma, AU Small Finance Bank, Aarti Industries and Jyothy Labs have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices rose as US inventories decreased, with attention turning to an upcoming report from the International Energy Agency on market equilibrium. Brent neared $83 after a 1.2% decrease, while West Texas Intermediate exceeded $78. The American Petroleum Institute reported a 3.1 million barrel decline in national crude stocks last week, including a reduction in Cushing, Oklahoma.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1246 advancing stocks compared to 847 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

134

Closing bell: Frontline indices close on a positive note while Nifty IT surges over 1.5%!

On Thursday, the Frontline indices closed the trading day on a positive note while Broader indices also showed strong performance, followed by Nifty IT with a gain of over 1.5%.

Major Indices Performance:

On Thursday, the Frontline indices closed the trading day on a positive note whereas Broader indices also showed strong performance, followed by Nifty IT with a gain of over 1.5%. The Sensex significantly gained by 0.93%, and closed at 73,663.72 level, while Nifty also soared by 0.92% and closed at 22,403.85 level. Similarly Nifty Bank experienced a moderate gain of 0.61% and closed at 47,977.05 level. Furthermore, the broader market showed resilience as Nifty Midcap gained by 0.88%, while Nifty Smallcap surged by 0.84%.

Sectoral Performance:

Within the sectoral landscape Nifty IT, Nifty Realty, Nifty Media and Nifty Financial Services were trading positively while Nifty PSU Bank was the only major sector which underperformed.

Top Gainers and Losers:

Among the Nifty 50, M&M stood out as the leading gainer with a significant surge of over 3%, followed by Tata Consumer Product, Bharti Airtel and Tech Mahindra. Conversely, Maruti, Tata Motors, SBI and BPCL found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Oberoi Realty, PB Fintech, Titagarh Rail Systems and NCC registered substantial gains, standing among the top gainers. On the flip side, Bandhan Bank, Mankind Pharma, Ujjivan Small Finance Bank and Five-Star Business Finance have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices continued their ascent on Thursday, building on the momentum from the previous session, driven by indications of heightened demand in the U.S. In this market environment, where inflation figures in the U.S. fell below market expectations, the case for an interest rate cut gained strength, potentially further stimulating demand.

Brent futures climbed by 42 cents, marking a 0.5% increase to reach $83.17 per barrel, while U.S. West Texas Intermediate crude (WTI) saw a gain of 43 cents, or 0.6%, reaching $79.06 per barrel.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1226 advancing stocks compared to 875 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

135

Closing bell: Frontline indices close on a positive note while Nifty Auto surges over 1.5%!

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices also showed strong performance, followed by Nifty Auto with a gain of over 1.5%.

Major Indices Performance:

On Friday, the Frontline indices closed the trading day on a positive note while Broader indices also showed strong performance, followed by Nifty Auto with a gain of over 1.5%. The Sensex moderately gained by 0.34%, and closed at 73,917.03 level, while Nifty also soared by 0.28% and closed at 22,466.10 level. Similarly Nifty Bank experienced a moderate gain of 0.29% and closed at 48,115.65 level. Furthermore, the broader market showed resilience as Nifty Midcap gained by 0.88%, while Nifty Smallcap surged by 1.65%.

Sectoral Performance:

Within the sectoral landscape Nifty Auto, Nifty Realty, Nifty Metal and Nifty Media were trading positively while Nifty IT and Nifty Pharma were the only major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, M&M stood out as the leading gainer with a significant surge of over 6%, followed by JSW Steel, Grasim and Ultratech Cement. Conversely, TCS, Cipla, SBI Life and HCL Technologies found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Mazagon Dock Shipbuilders, Bharat Dynamics, Crompton Greaves Consumer Electricals and Data Patterns (India) registered substantial gains, standing among the top gainers. On the flip side, Mphasis, Voltas, Zensar Technologies and Great Eastern Shipping Company have witnessed major declines, ranking among the top losers.

Oil Prices:

In early Friday trading, oil prices rose, with Brent crude set to increase for the first time in three weeks due to growing global demand and slowing U.S. inflation.

Brent crude oil rose by 21 cents, or 0.3%, to $83.48 per barrel, while U.S. West Texas Intermediate (WTI) futures increased by 18 cents, or 0.2%, to $79.41 per barrel. WTI futures are projected to gain 1.4% for the week, and Brent futures are expected to rise by approximately 1%.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1411 advancing stocks compared to 704 declining stocks, signalling an optimistic sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

136

Closing bell: Frontline indices close on a mixed note while Nifty Metal surges over 3.5%!

On Tuesday, the Frontline indices closed the trading day on a mixed note while Broader indices also showed mixed performance, followed by Nifty Metal with a gain of over 3.5%.

Major Indices Performance:

On Tuesday, the Frontline indices closed the trading day on a mixed note while Broader indices also showed mixed performance, followed by Nifty Metal with a gain of over 3.5%. The Sensex slightly declined by 0.07%, and closed at 73,953.31 level, while Nifty gained by 0.12% and closed at 22,529.05 level. Similarly Nifty Bank experienced a moderate decline of 0.31% and closed at 48,048.20 level. Furthermore, the broader market also showed mixed performance as Nifty Midcap gained by 0.38%, while Nifty Smallcap plunged by 0.41%.

Sectoral Performance:

Within the sectoral landscape Nifty Metal, Nifty PSU Bank, Nifty Energy and Nifty Media were trading positively while Nifty FMCG, Nifty Bank, Nifty Financial Services and Nifty IT were the only major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, Hindalco stood out as the leading gainer with a significant surge of over 5%, followed by Coal India, Tata Steel and JSW Steel. Conversely, Nestle India, Hero Motocorp, Maruti and ICICI Bank found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Rail Vikas Nigam, SJVN, Cochin Shipyard and Housing & Urban Development Corporation registered substantial gains, standing among the top gainers. On the flip side, Delhivery, PB Fintech, Triveni Turbine and Trident have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices declined in early Asian trading on Tuesday as investors anticipated that prolonged high U.S. inflation and interest rates would reduce consumer and industrial demand.

Brent crude futures had decreased by 12 cents, or 0.1%, to $83.34 per barrel, while U.S. West Texas Intermediate (WTI) crude had dropped 8 cents, or 0.1%, to $79.72 per barrel.

Both benchmarks fell by less than 1% on Monday, following statements from the U.S. Federal Reserve officials indicating they were waiting for further evidence of slowing inflation before considering interest rate cuts.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 812 advancing stocks compared to 1312 declining stocks, signalling a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

137

Closing bell: Frontline indices close on a positive note while Nifty FMCG surges over 1%!

On Wednesday, the Frontline indices closed the trading day on a positive note while Broader indices showed mixed performance, followed by Nifty FMCG with a gain of over 1%.

Major Indices Performance:

On Wednesday, the Frontline indices closed the trading day on a positive note while Broader indices showed mixed performance, followed by Nifty FMCG with a gain of over 1%. The Sensex moderately gained by 0.36%, and closed at 74,221.06 level, while Nifty gained by 0.31% and closed at 22,597.80 level. Whereas Nifty Bank experienced a moderate decline of 0.55% and closed at 47,781.95 level. Furthermore, the broader market showed mixed performance as Nifty Midcap gained by 0.19%, while Nifty Smallcap plunged by 0.35%.

Sectoral Performance:

Within the sectoral landscape Nifty FMCG, Nifty Realty, Nifty Energy and Nifty Media were trading positively while Nifty Metal, Nifty Bank, Nifty Financial Services and Nifty PSU Bank were the major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, Cipla stood out as the leading gainer with a significant surge of over 2.5%, followed by Hindustan Unilever, Tata Consumer Product and Coal India. Conversely, Shriram Finance, SBI, Apollo Hospitals and Hindalco found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Macrotech Developers, One 97 Communications, Finolex Cables and JBM Auto registered substantial gains, standing among the top gainers. On the flip side, Bharat Heavy Electricals, NMDC, Global Health and JB Chemicals and Pharmaceuticals have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices declined for the third consecutive session on Wednesday, driven by expectations that the Federal Reserve might maintain higher U.S. interest rates for an extended period due to persistent inflation, which could potentially affect fuel consumption in the world’s largest oil consumer.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 1017 advancing stocks compared to 1081 declining stocks, signalling a slight negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

138

Closing bell: Frontline indices surge over 1.5%, while Nifty Auto soars over 2%!

On Thursday, the Frontline indices closed the trading day significantly higher while Broader indices showed positive performance, followed by Nifty Auto with a gain of over 2%.

Major Indices Performance:

On Thursday, the Frontline indices closed the trading day significantly higher while Broader indices showed positive performance, followed by Nifty Auto with a gain of over 2%. The Sensex significantly gained by 1.61%, and closed at 75,418.04 level, while Nifty gained by 1.64% and closed at 22,967.65 level. Similarly Nifty Bank also showed resilience, registering gains of 2.06% and closed at 48,768.60 level. Furthermore, the broader market showed positive performance as Nifty Midcap gained by 0.48%, while Nifty Smallcap surged by 0.19%.

Sectoral Performance:

Within the sectoral landscape Nifty Auto, Nifty Bank, Nifty Financial Services and Nifty PSU Bank were trading positively while Nifty Pharma was the only major sector which underperformed.

Top Gainers and Losers:

Among the Nifty 50, Adani Enterprises stood out as the leading gainer with a significant surge of over 7.5%, followed by Adani Ports, L&T and M&M. Conversely, Sun Pharma, Power Grid, Hindalco and Coal India found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Rail Vikas Nigam, Mazagon Dock Shipbuilders, Cochin Shipyard and PNB Housing Finance registered substantial gains, standing among the top gainers. On the flip side, Deepak Nitrite, Lupin, National Aluminum and Global Health have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices declined for the fourth consecutive day on Thursday due to concerns that U.S. borrowing costs might increase again if inflation rises, potentially impacting oil demand.

Brent crude futures had dropped 27 cents, or 0.3%, to $81.63 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 35 cents, or 0.5%, at $77.14. Both benchmarks had fallen more than 1% on Wednesday.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 971 advancing stocks compared to 1126 declining stocks, signalling a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

139

Closing bell: Frontline indices close in red with Nifty FMCG among the top losers!

On Friday, the Frontline indices closed the trading day marginally lower while Broader indices showed mixed performance, followed by Nifty Media with a gain of over 1%.

Major Indices Performance:

On Friday, the Frontline indices closed the trading day marginally lower while Broader indices showed mixed performance, followed by Nifty Media with a gain of over 1%. The Sensex marginally declined by 0.01%, and closed at 75,410.39 level, while Nifty declined by 0.05% and closed at 22,957.10 level. Whereas Nifty Bank showed resilience, registering gains of 0.42% and closed at 48,971.65 level. Furthermore, the broader market showed mixed performance as Nifty Midcap slightly gained by 0.01%, while Nifty Smallcap plunged by 0.17%.

Sectoral Performance:

Within the sectoral landscape Nifty Media, Nifty Financial Services, Nifty Bank and Nifty Auto were trading positively while Nifty FMCG, Nifty Realty, Nifty IT and Nifty Pharma were the major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, HDFC Bank stood out as the leading gainer with a significant surge of over 1.5%, followed by L&T, Bharti Airtel and BPCL. Conversely, Adani Ports, Tata Consumer Product, Tech Mahindra and ITC found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Bharat Dynamics, Bharat Forge, Finolex Cables and Amara Raja Energy & Mobility registered substantial gains, standing among the top gainers. On the flip side, Suzlon Energy, One 97 Communications, Computer Age Management Services and ITI have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices stabilized on Friday but were on track for significant weekly losses due to persistent inflation concerns and high interest rates, raising doubts about sustained demand this year.

Brent oil futures for July fell 0.1% to $81.31 a barrel, while West Texas Intermediate crude futures dropped 0.1% to $76.81 a barrel. Brent reached its lowest level in two months, while WTI hit a three-month low.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 806 advancing stocks compared to 1303 declining stocks, signalling a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

140

Closing bell: Sensex reaches 76,000 level, Nifty PSU Bank surges over 1%!

On Monday, the Frontline indices closed the trading day marginally lower while Broader indices showed resilience, followed by Nifty PSU Bank with a gain of over 1%.

Major Indices Performance:

On Monday, the Frontline indices closed the trading day marginally lower while Broader indices showed resilience, followed by Nifty PSU Bank with a gain of over 1%. The Sensex marginally declined by 0.03%, after making a new all-time high of 76,009.68 level, while Nifty declined by 0.11% after making a new high of 23,110.8 level. Similarly Nifty Bank showed resilience, registering gains of 0.62% and closed at 49,281.80 level. Furthermore, the broader market showed resilience as Nifty Midcap gained by 0.64%, while Nifty Smallcap soared by 0.81%.

Sectoral Performance:

Within the sectoral landscape Nifty PSU Bank, Nifty Realty, Nifty Bank and Nifty Financial Services were trading positively while Nifty Media, Nifty Energy, Nifty Metal and Nifty FMCG were the major sectors which underperformed.

Top Gainers and Losers:

Among the Nifty 50, Divi’s Laboratories stood out as the leading gainer with a significant surge of over 3%, followed by Indusind Bank, Axis Bank and Adani Ports. Conversely, Adani Enterprises, Wipro, Grasim and ONGC found themselves among the top losers.

Broader Markets:

In the broader markets, which include the Nifty Midcap and Nifty Smallcap, Ashok Leyland, Jubilant Foodworks, Finolex Cables and Indian Overseas Bank registered substantial gains, standing among the top gainers. On the flip side, Sun TV Network, Aurobindo Pharma, Data Patterns India and CIE Automotive India have witnessed major declines, ranking among the top losers.

Oil Prices:

Oil prices remained steady in early Asian trading on Monday as markets anticipated the OPEC meeting on June 2, where producers are expected to discuss maintaining voluntary output cuts for the remainder of the year.

The Brent crude July contract had inched up 11 cents to $82.23 a barrel, while the more-active August contract rose 13 cents to $81.97. U.S. West Texas Intermediate (WTI) crude futures also rose 13 cents, reaching $77.85 a barrel.

NSE Advance/Decline Ratio:

The broader market sentiment presents a nuanced trend, with 790 advancing stocks compared to 1340 declining stocks, signalling a negative sentiment in the broader market.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.