Nifty, Sensex End Marginally Lower; IT Surges, Realty End Lower

 

Sensex and Nifty Today Aug 1, 2023: Indian stock market indexes ended the volatile session with minor cuts. The domestic markets opened marginally higher and slipped after a few minutes of trading. Markets traded volatile throughout the day and later ended marginally lower.

The market sentiments were downbeat in the morning deal as the manufacturing PMI came to a tick lower in July as compared to the previous month. Investor’s feelings got further hit as foreign institutional investors (FII) consistently sold shares in the Indian equity markets, as per NSE provisional data FIIs sold shares worth a net of Rs 701.17 crore on July 31. 

However, some support came in with a private report that the pace of credit offtake continued to be robust in June 2023, with sectors clocking year-on-year (YoY) growth of between 8.1 percent and 26.7 percent. Traders took note of the report that India is expected to receive average rainfall in the August-September period after excess precipitation in July. 

 

Stock Market Indexes Today

 

The Nifty 50 index closed lower by 20.25 points or 0.10 percent and closed at 19733.55 levels while the Sensex was down by 68.36 points or 0.10 percent and finished at 66459.31 levels. The Bank Nifty index ended lower by 58.60 points or 0.13 percent on the spot level and closed at 45592.50 levels.

The broader markets outperform their larger peers today, as the Nifty midcap index was up by 12.10 points or 0.03 percent and closed at 37733.45 levels. The Nifty smallcap index ended higher by 79.95 points or 0.68 percent at 11782.80 levels.

 

Nifty 50 top gainers & losers 

 

The top gainers in the Nifty 50 index were Coal India, NTPC, TechM, HCLTech, and LTIM and the top losers were Hero Motor, Apollo Hospital, IndusInd bank, Bajaj Finserve.

The top gainers in the Nifty midcap index were Navin Fluorine, IRFC, and Policy Bazar and the top losers were Polycab, Max Health, and Trent

The smallcap top gainers were IDBI, Hind Copper, and Carborundum Univ while the top losers were KEI, IRB, and Medanta

The most active stocks in the Nifty index in terms of value were HDFC Bank, ICICI Bank, and NTPC. The most active stocks in terms of volume were NTPC, Tata Steel, and Power Grid.

On the sectoral front, Nifty IT, Metal, and Pharma closed higher while the sector that closed in the red were Realty, PSU Bank, and FMCG.

 

Global Stock Market Today

 

Asian stock markets closed mixed on Tuesday, as private manufacturing PMI data showed China’s factory activity fell below expectations and into contraction territory for the first time since April. Shanghai index closed flat after a volatile session. Nikkei ended higher, as Japan’s unemployment rate fell slightly in June. 

South Korea’s Kospi gained the most in the region while Hang Seng erased early gains and closed lower. European stock markets are trading in the red on Tuesday as investors are waiting for manufacturing activity data later in the day.

 

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Happy Investing!!

Editorial desk