Today’s Action
Nifty, -0.2%; Sensex, -0.2%; Model Portfolio, -0.05%; MSI Ind 47, -0.02%; Nifty Midcap, +0.1%; Smallcap, -0.6%.
Daily Market Review
Market Status: Confirmed Uptrend
After the steepest annual decline in yesterday’s session, benchmark indices continued to slide for the third consecutive day. Currently, the Nifty is 2.3% below its recent all-time high.
The reaction was mixed on the sectoral front. Nifty Auto (-1.5%) stocks came under pressure in the last trading hour, especially Maruti Suzuki India (-3.7%). Nifty Pharma (+1.1%) and FMCG (+0.3%) were the top gainers.
The advance-decline ratio was in favor of decliners. Of the 2,097 stocks traded on the NSE, 744 advanced, 998 declined, and 355 remained unchanged.
Key News
Capacite Infraprojects: The Company announced that it has bagged two orders worth Rs 342.38 crore from private sector clients for construction of commercial and residential buildings in Mumbai. The stock rose 1.0% today.
Zee Entertainment Ents.: According to its group chairman, five companies are in talks to buy stake in the Company. The Company has to repay its dues before September 30. The shock was up 3.2% today.
Leaders Up on Volume: Tube Investments Of India Ltd (+6.1%),Inox Leisure (+3.4%), and L&T Technology Services (+1.8%)
Leaders Down on Volume: Karnataka Bank (-3.8%), Aditya Fash.& Retail (-3.0%), and Bharat Financial Inclusion Ltd (-2.6%)
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