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Sensex and Nifty end marginally high; Reliance shares shine
Neha Vashishth | 03:04 Min | July 10, 2023, 7:27 PM IST
Reliance Industries and Tata Steel were the top gainers, rising over 3% each. Bharti Airtel, Sun Pharma, IndusInd Bank, Kotak Bank, and ICICI Bank also ended higher. On the flip side, HCL Tech, Titan, Power Grid, Wipro, TCS, HUL and Axis Bank closed in the red.
Transcript
Hello everyone, I am Neha Vashishth from ET Markets. Let's take a look at today's ET Market Wrap.
-Sensex and Nifty were steady today and ended slightly higher ahead of Q1 earnings due this week
- The indices were led by heavyweight Reliance Industries
- Sensex rose 64 points and settled above the 65,300 mark
-Nifty rose 24 pts and closed above the 19,300 mark
Gainers and losers
Reliance Industries and Tata Steel were the top gainers, rising over 3% each. Bharti Airtel, Sun Pharma, IndusInd Bank, Kotak Bank, and ICICI Bank also ended higher. On the flip side, HCL Tech, Titan, Power Grid, Wipro, TCS, HUL and Axis Bank closed in the red.
Shares in news today
Shares of Titan closed over 3% lower after Morgan Stanley downgraded the stock to 'Equal Weight', citing a temporary pause in the stock's outperformance in the near term.
Hindustan Zinc also closed 3% lower following the announcement of a Rs 7 per equity share interim dividend for the current financial year, which will incur an expenditure of Rs 2957.72 crore for the Vedanta subsidiary.
Sector-wise, Nifty IT and Nifty FMCG declined today. Whereas Nifty Metal and Nifty Oil & Gas rose. In the broader market, Nifty Midcap100 dropped 0.38%, and Smallcap100 fell 0.58%.
Global Markets
Global stocks also rose after a surprisingly low reading on Chinese inflation and ahead of data on US inflation and corporate earnings later in the week.
Hong Kong's Hang Seng gained 0.5% and the Shanghai Composite index rose 0.2%. Tokyo's Nikkei 225 slipped 0.6%, while the Kospi in Seoul shed 0.2%.
Oil prices and Rupee
Oil prices dipped in Asian trade ahead of fresh economic data from top consumers such as US and China this week
Brent crude futures fell 0.5%, to $78.07 a barrel, and US WTI crude was at $73.44 a barrel, also down 0.57%.
Indian rupee ended higher as weaker-than-expected US jobs data lowered expectations that the Fed Reserve would be more hawkish than previously anticipated. The rupee ended at 82.5650 to the dollar.
-Sensex and Nifty were steady today and ended slightly higher ahead of Q1 earnings due this week
- The indices were led by heavyweight Reliance Industries
- Sensex rose 64 points and settled above the 65,300 mark
-Nifty rose 24 pts and closed above the 19,300 mark
Gainers and losers
Reliance Industries and Tata Steel were the top gainers, rising over 3% each. Bharti Airtel, Sun Pharma, IndusInd Bank, Kotak Bank, and ICICI Bank also ended higher. On the flip side, HCL Tech, Titan, Power Grid, Wipro, TCS, HUL and Axis Bank closed in the red.
Shares in news today
Shares of Titan closed over 3% lower after Morgan Stanley downgraded the stock to 'Equal Weight', citing a temporary pause in the stock's outperformance in the near term.
Hindustan Zinc also closed 3% lower following the announcement of a Rs 7 per equity share interim dividend for the current financial year, which will incur an expenditure of Rs 2957.72 crore for the Vedanta subsidiary.
Sector-wise, Nifty IT and Nifty FMCG declined today. Whereas Nifty Metal and Nifty Oil & Gas rose. In the broader market, Nifty Midcap100 dropped 0.38%, and Smallcap100 fell 0.58%.
Global Markets
Global stocks also rose after a surprisingly low reading on Chinese inflation and ahead of data on US inflation and corporate earnings later in the week.
Hong Kong's Hang Seng gained 0.5% and the Shanghai Composite index rose 0.2%. Tokyo's Nikkei 225 slipped 0.6%, while the Kospi in Seoul shed 0.2%.
Oil prices and Rupee
Oil prices dipped in Asian trade ahead of fresh economic data from top consumers such as US and China this week
Brent crude futures fell 0.5%, to $78.07 a barrel, and US WTI crude was at $73.44 a barrel, also down 0.57%.
Indian rupee ended higher as weaker-than-expected US jobs data lowered expectations that the Fed Reserve would be more hawkish than previously anticipated. The rupee ended at 82.5650 to the dollar.
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