Informist, Wednesday, Jun 29, 2022
By Vivek Kumar
MUMBAI – Benchmark indices snapped a four-day winning streak today due to weak global cues, but the indices fared better than most of its global peers amid gains in the shares of energy companies.
High crude oil prices and concerns over slowdown in the global economy weighed on equities across the world today. The major markets in Asia and Europe fell 1-2% today, and the benchmark US indices, too, fell 1.5-3.0% on Tuesday.
Meanwhile, the Nifty 50 and Sensex ended 0.3% lower at 15799.10 points and 53026.97 points, respectively.
The sentiment was weak for equities globally today as data showed that consumer confidence in the US hit a 16-month low in June, raising fears of an economic slowdown.
Back home, the pace of rollover of positions to the July series picked up pace today ahead of the expiry of the June month contracts on Thursday. This led to some volatility in the market, with India VIX rising 2.1% to 21.9 points.
The 50-stock index has decent support around 15700 points followed by 15600-point levels, and till these supports are intact, there is a higher probability of a resumption of the positive momentum in the near term, said Ruchit Jain, lead research at 5paisa.com. It is recommended to trade with a positive bias and look for buying opportunities on intraday declines till the given supports are intact, the analyst added.
Shares of energy companies rose today after the Cabinet approved deregulation of sale of domestically produced crude oil. Further, rise in global crude oil prices also aided the sentiment for them.
Within the energy companies in Nifty 50, shares of Coal India, Reliance Industries, NTPC and Oil and Natural Gas Corp ended 1-4% higher today. These were the top four gainers among Nifty 50 companies today.
The rise in crude oil prices continued to weigh on shares of paint, fast-moving consumer goods and other related sectors.
The Nifty FMCG, Nifty Bank and Nifty IT indices fell more than 1% each, and were the worst hit among sectoral indices.
* Among Nifty 50 stocks, 17 rose and 33 fell
* Among Sensex stocks, 10 rose and 20 fell
* On the NSE, 822 stocks rose, 1,220 fell and 89 were unchanged
* On the BSE, 1,521 stocks rose, 1,781 fell and 148 were unchanged
* Nifty Auto: Up 0.2%; Nifty Metal: Up 0.2%; Nifty Bank: Down 1.1%
BSE National Stock Exchange
Sensex: 53026.97 points, down 150.48 pts (0.3%) Nifty 50: 15799.10 points, down 51.10 pts (0.3%)
S&P BSE Sensitive Index Nifty 50
Lifetime High: 62245.43 (Oct 19) : Lifetime High: 18604.45 (Oct 19)
Record Close High: 61765.59 (Oct 18) : Record Close High: 18477.05 (Oct 18)
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
End
US$1 = 78.96 rupees
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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