|
The domestic equity indices traded near the flat line with some negative bias in mid-afternoon trade. The Nifty traded a tad above the 18,750 mark. Metal shares gained after declining in the past trading session.
At 14:26 IST, the barometer index, the S&P BSE Sensex, was down 28.39 points or 0.04% to 63,139.91. The Nifty 50 index lost 2.35 points or 0.01% to 18,753.10.
The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 0.27% while the S&P BSE Small-Cap index gained 0.31%.
The market breadth was positive. On the BSE, 1,825 shares rose and 1,637 shares fell. A total of 134 shares were unchanged.
Numbers to track:
The yield on India's 10-year benchmark federal paper rose 0.13% to 7.062 from previous close of 7.053.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 82.1050, compared with its close of 81.9400 during the previous trading session.
MCX Gold futures for 4 August 2023 settlement rose 0.28% to Rs 59,320.
The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.14% to 102.37
The United States 10-year bond yield advanced 0.48% to 3.790.
In the commodities market, Brent crude for August 2023 settlement rose 4 cents or 0.05% to $76.65 a barrel.
Buzzing Index:
The Nifty Metal index advanced 0.60% to 6,240.90. The index declined 0.45% in the past trading session.
Jindal Steel & Power (up 3.64%), Jindal Stainless (up 2.38%), Hindustan Copper (up 2.27%), Hindalco Industries (up 1.02%), NMDC (up 0.94%), National Aluminium Company (up 0.83%), Vedanta (up 0.73%), Adani Enterprises (up 0.61%), Tata Steel (up 0.35%) and Hindustan Zinc (up 0.29%) advanced.
On the other hand Welspun Corp (down 0.47%), APL Apollo Tubes (down 0.14%) declined.
Stocks in Spotlight:
Manappuram Finance declined 2.16%. The Kerala-based NBFC said that its board has approved the re-appointment of V P Nandakumar as the managing director & chief executive officer (MD & CEO) of the company, with effect from 1 April 2024 upto 31 March 2029.
Dev Information Technology locked in an upper circuit of 5% after the company announced that LT1, a wholly owned step down subsidiary of Lilikoi Holdings, (USA), has acquired a 51% stake in DEV IT in an all cash deal.
|