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Wednesday, September 28, 2022

India Stocks Review:End lacklustre session flat ahead of US CPI data

Informist, Wednesday, Aug 10, 2022

 

By Vaibhavi

 

NEW DELHI – After moving between gains and losses throughout the session, benchmark equity indices ended largely unchanged today as investors stayed on the sidelines ahead of data on consumer inflation in the US in July, due later today.

 

Risk aversion on the part of investors restricted the scope for any significant moves on either side. As a result, benchmark indices moved within a narrow range throughout the day.

 

The key US inflation reading will set the tone for the course of action that the Federal Reserve may take. Investors are closely awaiting the data to find out signs of inflation peaking out in the world’s largest economy.

 

Jitters among investors weighed across Asian markets today, with indices in China, Hong Kong, South Korea and Japan ending 0.7-2.0% lower. Despite ending largely flat, domestic benchmark indices fared better than their Asian peers.

 

The broader market bore the brunt of risk aversion among investors. All small- and mid-cap indices on the National Stock Exchange lagged their large-cap peers and ended 0.1-0.6% lower.

 

Today, the Nifty 50 moved between a high of 17566.10 points and a low of 17442.80 points, before ending 0.1% higher at 17534.75 points. The 30-stock Sensex hit a high of 58984.32 points and a low of 58583.36 points, and closed 0.1% lower at 58817.29 points.

 

Stock-specific action, guided by corporate earnings, was prominent in the market today. Shares of Hindalco Industries extended their early gains and rose over 4% after the company’s Apr-Jun consolidated net profit jumped sharply on year. Positive sentiment for the company also lifted other metal companies, pulling the Nifty Metal index up 1.6%.

 

Bharti Airtel rose 1.6%, buoyed by better-than-expected revenue for the June quarter amid robust growth in data consumption. 

 

Indraprastha Gas, G R Infraprojects, City Union Bank, Tata Chemicals, and Fine Organic Industries jumped 6-16% after these companies posted strong performances for Apr-Jun.

 

On the other hand, Trident, Indoco Remedies, Granules India, Lux Industries, Natco Pharma, SeQuent Scientific, Eclerx Services, Samvardhana Motherson International, and Vijaya Diagnostic Centre plunged 4-13%, as their Apr-Jun earnings disappointed the Street.

 

Shares of Delhivery slumped 6.6% and registered their biggest loss in a day since listing as the company’s consolidated net loss widened year-on-year in Apr-Jun. 

 

* Among Nifty 50 stocks, 30 rose and 20 fell 

* Among Sensex stocks, 12 rose and 18 fell

* On the BSE, 1,533 stocks rose, 1,871 fell, and 120 were unchanged

* Nifty Metal: Up 1.6%; Nifty Commodities: Up 0.4%; Nifty IT: Down 0.9%

BSE                                                 National Stock Exchange
Sensex: 58817.29 points, down 35.78 pts (0.1%)       Nifty 50: 17534.75, up 9.65 pts (0.1%) 

S&P BSE Sensitive Index                            Nifty 50
Lifetime High: 62245.43 (Oct 19, 2021)           : Lifetime High: 18604.45 (Oct 19, 2021)
Record Close High: 61765.59 (Oct 18, 2021)       : Record Close High: 18477.05 (Oct 18, 2021)

2022 1st day close: 59183.22 (Jan 3)             : 2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 61308.91 (Jan 17)             : 2022 Closing High: 18308.10 (Jan 17) 
2022 Closing Low: 51360.42 (Jun 17)              : 2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 61385.48 (Jan 17)          : 2022 High (intraday): 18321.55 (Jan 17)

2022 Low (intraday): 50921.22 (Jun 17)           : 2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14)             : 2021 Closing High: 18338.55 (Oct 14) 
2021 Closing Low: 46285.77 (Jan 29)              : 2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14)          : 2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29)           : 2021 Low (intraday): 13596.75 (Jan 29)-

2020 Closing High: 47751.33 (Dec 31)             : 2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23)              : 2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31)          : 2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24)           : 2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20)          : 2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19)           : 2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28))          : 2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23)            : 2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26)          : 2017 High(intraday): 10515.10 (Dec 26)

 

End

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

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Source: Cogencis

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