The Indian market opened lower today. Sensex fell 72 points to 55,696 and Nifty lost 13 points to 16,570 .
Benchmark indices ended lower due to fag-end sell-off on Friday amid positive global cues. Sensex fell 49 points to 55,769 and Nifty ended 43 points lower at 16,584. During the day, Sensex hit a high of 56,432.65 and a low of 55,719.36.
Here's a look at live market updates today.
3:30 pm: Market ends lower
Sensex falls 94 points to 55,657 and Nifty loses 15 points to 16,569 in Monday's session.
2:38 pm: PVR, Inox stocks fall up to 4% as Covid-19 cases rise in Maharashtra
Shares of multiplex operators such as PVR and Inox Leisure fell up to 4 per cent today after the Maharastra government made masks mandatory in public places amid a rise in Covid-19 cases.
PVR stock fell 3.75 per cent intraday to Rs 1,746.7, down 3.75 per cent on BSE. The stock has been falling for the last two sessions. The share trades higher than 20-day, 100-day and 200-day moving averages but lower than 5-day and 50-day moving averages. The stock has gained 28.8 per cent in a year and risen 37.7 percent in 2022. Total 0.20 lakh shares of the firm changed hands amounting to a turnover of Rs 3.50 crore on BSE. Market cap of the firm fell to Rs 10,922 crore on BSE.
Share of another multiplex player Inox Leisure touched an intraday low of Rs 478.35, down 4.22 per cent on BSE. Inox Leisure stock trades higher than 20-day, 100-day and 200-day moving averages but lower than 5-day and 50-day moving averages. The stock has gained 51.07 per cent in a year and risen 36 per cent in 2022. Total 0.11 lakh shares of the firm changed hands amounting to a turnover of Rs 53.70 lakh on BSE.
1:04 pm: Top gainers
Top Sensex gainers are ICICI Bank, Tata Steel and IndusInd Bank,rising up to 0.93 per cent.
Meghmani Finechem stock rises 5%
12:40 pm: Shares of Meghmani Finechem gained nearly 5 per cent amid weak sentiment in the broader indices today. Meghmani Finechem stock touched an intraday high of Rs 1,495.5, rising 4.83 per cent on BSE. The stock touched also touched an intraday low of Rs 1,390, falling 2.56 per cent on BSE. Meghmani Finechem stock is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. The stock has gained 92 per cent this year and risen 8.88 per cent in a month. Total 0.11 lakh shares changed hands amounting to a turnover of Rs 1.60 crore on BSE. Market cap of the firm rose to Rs 5,964 crore.
12:08 pm: Market pares losses in afternoon session
Sensex falls 183 points to 55,586 and Nifty loses 47 points to 16,536 in the afternoon session.
10:30 am: LIC stock falls
LIC stock declines 1.59 per cent to Rs 787.55 on BSE. Market cap of the share has gone below Rs 5 lakh crore. Market cap at 10: 31 am stood at Rs 4.98 lakh crore.
10:12 am : Sensex losers
Top Sensex losers are Bajaj Finserv, Tech Mahindra, Asian Paint, Wipro, TCS falling up to 3.09 per cent.
9:41 am: Market update
Sensex falls 382 points to 55,386 and Nifty loses 116 points to 16,468 in early trade.
9:30 am: Expert take
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services said, "The market mood has turned a bit cautious with better than expected US jobs data ( 3.90 lakh jobs) in May. This good economic news is negative from the market perspective since it means the Fed is likely to tighten aggressively without bothering about a possible recession.
For India elevated crude prices and a $23 billion trade deficit in May are areas of concern. Even though FPI selling has come down in early June they are likely to sell more at higher levels. The dollar index above 102 is negative for EM equity. The positive factor for India is the DIIs and retail investors consistently buying the dips."
9:17 am: Sensex fell 72 points to 55,696 and Nifty lost 13 points to 16,570 .
8:30 am: Expert Take
Yesha Shah, Head of Equity Research, Samco Securities said, "In accordance with global benchmark indices, Nifty is expected to give an immediate resistance breakout, indicating continuance of the bullish short-term trend. However, there is no substantial proof that the corrective phase has concluded. Given this, we recommend that traders retain a mildly bullish to cautious perspective going ahead and use a stock-specific buy-on-dips strategy. Nifty's next immediate resistance level is currently set at 17,400."
8:30 am: SGX Nifty
The Indian market is likely to open lower today as SGX Nifty fell 53 points to 16,535. The Singapore Stock Exchange is considered to be the first indication of the opening of the Indian market.
8:15 am: Market on Friday
Benchmark indices ended lower due to fag-end sell-off on Friday amid positive global cues. Sensex fell 49 points to 55,769 and Nifty ended 43 points lower at 16,584. During the day, Sensex hit a high of 56,432.65 and a low of 55,719.36.
UltraTech Cement, Maruti, NTPC, Bajaj Finserv, IndusInd Bank, Axis Bank and M&M were the top Sensex losers, falling up to 5.49 per cent.
Reliance Industries, Infosys, Larsen & Toubro, HCL Technologies, Sun Pharma, Wipro, TCS and Hindustan Unilever Limited were the top Sensex gainers, rising up to 2.02 per cent.