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Stock Market Highlights: Sensex falls 189 points, Nifty ends below 15,850; FM Sitharaman announces relief measures

Stock Market Highlights: Sensex falls 189 points, Nifty ends below 15,850; FM Sitharaman announces relief measures

Stock Market Highlights: Sensex falls 189 points, Nifty ends below 15,850; FM Sitharaman announces relief measures
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Summary

Stock Market Highlights: Indian equity indices, Sensex and Nifty ended lower Monday amid Finance Minister Nirmala Sitharaman's relief measures announcements. Broader markets outperformed the benchmarks as the midcap and smallcap indices closed higher each. Among sectors, Nifty IT, Nifty Media and Nifty Financial Services declined, while gains were seen in PSU Bank, metals and pharma indices.

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Jun 28, 2021 4:33 PM

Ajit Mishra, VP - Research, Religare Broking

Markets settled marginally lower as participants preferred to book profit at higher levels. Markets may react to the announcements made by the Finance Minister (FM) in early trades on Tuesday which were primarily focused on boosting the economic recovery and supporting the vulnerable sectors and individuals impacted due to COVID. We reiterate our bullish view and suggest continuing with a stock-specific trading approach. Among the sectors, banking has the potential to trigger the next up move.

Jun 28, 2021 4:25 PM

Nagaraj Shetti, Technical Research  Analyst, HDFC Securities

The underlying trend of Nifty remains positive. The market is still showing range bound action near the crucial hurdle of 15,900. A sustainable move above 15,900-15,925 could only open the next round of upside in the market towards 16,200-16,300 levels. Any decline from here could find support around 15,760 and the next 15,650 levels for this week.

Jun 28, 2021 4:18 PM
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Stock Market Highlights: Sensex falls 189 points, Nifty ends below 15,850; FM Sitharaman announces relief measures
Jun 28, 2021 4:13 PM

Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities

The witnessed a range-bound activity near its all-time high level. Technically, today the market made a fresh high but failed to sustain above the 15,900/ 53,100 level. However, on the intraday charts, the index still maintained a higher bottom series formation which is broadly positive for the market. We are of the view that as long as the Nifty/Sensex is trading above 15,750 /52,550 the uptrend texture should intact. We can expect an uptrend continuation wave up to 15,900- 15,950/53,100-53,500. On the flip side, below 15,750/ 52,550 would increase further weakness up to 15,700-15,660/ 52,000-51,700.

Jun 28, 2021 4:11 PM

Market At Close |  Strong Business Outlook Helps IGL Move Over 4% Higher

Jun 28, 2021 4:02 PM

Market At Close | Market Breadth Favours Advances; Advance-Decline Ratio At 5:4

Jun 28, 2021 4:01 PM

Market At Close | Market Fails To Hold Record High Hit In Opening Trade

Jun 28, 2021 4:01 PM

Manish Shah, Founder, Niftytriggers.com

Nifty-50 failed to breach the resistance at 15,900-15,950 and promptly headed lower during the day. The pattern in play is a bearish engulfing pattern right at the resistance at 15,900-15,950. Nifty needs to breach the zone at 15,900-15,950 before we can be confident of higher levels. Failure of the index to show a decisive breakout shows that the buyers are not strong enough as yet. The sideways action will continue for some more time; before we see one side gaining an upper hand. If Nifty breaks below 15,780-15,760 we could see some more declines towards 15,700-15,715. We do not expect any sizeable sell-off but Nifty could remain listless for some time. Any decline till 15,700-15,715 is a buying opportunity to buy stocks at support levels.

Jun 28, 2021 3:59 PM

Rupee At Close | The Indian rupee ended flat at 74.19 per dollar, amid selling in the domestic equity market. The local currency opened marginally lower at 74.25 per dollar against Friday's close of 74.18 and trade in the range of 74.17-74.27.

Jun 28, 2021 3:43 PM

Market At Close | Here are the highlights of today;s trading session

- Market Fails To Hold Record High Hit In Opening Trade

- Sensex & Nifty End Lower With RIL, TCS & HDFC Bank Dragging The Benchmarks

- Sensex Slips 189 Points To 52,736 & Nifty 46 Points To 15,815

- Nifty Bank Falls 5 Pts To 35,359 While Midcap Index Rises 142 Points To 27,036

- RIL Continues To Slip With The Stock Down More Than 5% In Last 5 Sessions

- Bandhan Bank, AU Fin & Ujjivan Gain On Govt’s Support To MFIs

- Strong Business Outlook Helps IGL Move Over 4% Higher

- Bk Of Baroda Rises More Than 5% On Brokerage Upgrade

- Nalco Surges 9%, Hindalco Nearly 2% On Rising Aluminium Prices

- ONGC & Oil India Continue The Gaining Momentum On Rising Crude Prices

- Dodla Dairy & Krishna Medical Make A Strong Debut On Exchanges

- Tourism-exposed Stocks Gain On Govt’s Support; Thomas Cook Up Over 2%

- Market Breadth Favours Advances; Advance-Decline Ratio At 5:4

Jun 28, 2021 3:37 PM

Closing Bell | The Indian equity benchmark indices ended lower Monday dragged by selling in IT and financial services stocks. The Sensex fell 189.45 points, or 0.36 percent to 52,735.59, while the Nifty closed 45.65 points, or 0.29 percent lower at 15,814.70. Finance Minister Nirmala Sitharaman announced certain relief measures which failed to cheer the market. Broader markets outperformed the benchmarks as the midcap and smallcap indices closed higher each.

Among sectors, Nifty IT, Nifty Media and Nifty Financial Services declined, while gains were seen in PSU Bank, metals and pharma indices. On the Nifty50, HDFC Life, Titan Company, Shree Cement, TCS and Coal India were the top losers, while Dr Reddy’s Laboratories, Hindalco Industries, Divi’s Laboratories, Tata Steel and Tech Mahindra were the top gainers.

Jun 28, 2021 3:36 PM
Nirmala Sitharaman press conference LIVE updates: FM announces Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors
Last week, CNBC-TV18 reported that the new stimulus package may include a scheme to promote health infrastructure in tier 2 cities and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit…
Stock Market Highlights: Sensex falls 189 points, Nifty ends below 15,850; FM Sitharaman announces relief measures
Jun 28, 2021 3:25 PM
Jun 28, 2021 3:17 PM

NTPC targets 60 GW renewable energy capacity, 10% reduction in net energy intensity by 2032

State-owned power giant NTPC on Sunday said it has set a target to install 60 gigawatts (GW) of renewable energy (RE) capacity by 2032. NTPC has become India's first energy company to declare its energy compact goals as part of the UN High-level Dialogue on Energy (HLDE), according to a statement. "NTPC has set a target to install 60 GW of renewable energy capacity by 2032," it added. The country's largest power producer is also aiming 10 percent reduction in net energy intensity by 2032. Read here.

Jun 28, 2021 3:13 PM