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The Sense Senbad B & S Index kicked off the series in July on a bullish note with an index recording a gain of nearly 400 points on Friday while the Nifty50 has recovered 10,700 levels thanks to valuable purchases at lower levels
support levels and a technical rebound was on the cards. The bulls made their way onto the D-Street Tracking Rally in world peers. The rupee, which broke the 69 percent mark for the first time during the previous trading sessions, also recovered.
"After trading the week on a rather negative note, benchmarks have traded today." Abhijeet Dey, Senior Equity Fund Manager, BNP Paribas Common Fund.
"Despite the fragility of the underlying sentiment, equities around the world have rebounded from the recent sell, with Senbad Senbad and Nifty gaining more than 0.50% while India's VIX has fallen by almost 6%. 13 levels, "he said. percent or 125.20 points to 10,714.30. However, for the week, Nifty has closed about 1 percent.
Technically, the Nifty50 formed a strong bullish bull or Long White Day on daily candlestick charts.
At the sector level, the S & P BSE Infra index rose by 3.09% followed by the S & P BSE Consumer Sustainability index which gained 2.9% and the P & C index. S & P BSE Metal Index up 2.8%
Other sector indices include finance, health, auto and computer.
The S & P ESB Midcap index The S & P BSE Smallcap index rose 1.92%.
Top Senbad winners include titles such as Tata Steel (+ 3.6%), Bajaj Auto (+ 3.4%), Yes Bank (+ 3.1%), RIL (up 2.9%) %), and L & T (2.8%).
Top Senbad losers include names like IndusInd Bank (-1.4%), followed by Hero MotoCorp (-1.1%), HDFC Bank (-1.1%) and M & M (down 1.1%).
News Stocks:
IDBI Bank's share price rebounded 10% after media reported that the insurance gulator can clear the bank agreement with LIC today. This rise was after the losses recorded during the last four consecutive sessions.
Reliance Communications stock price rose 3.3 percent after the settlement agreement between the subsidiary of the tower and its minority shareholder HSBC. Reliance Infratel and its minority shareholder HSBC Daisy Investments (Mauritius) today presented the final terms of their settlement before NCLAT when selling pylons and fiber badets.
Zee Media Corporation added 2% to the sale of its subsidiary company. At its meeting on June 28, the Board of Directors approved the sale to Altilis Technologies, an entity of the Promoting Group, of all of its interest, consisting of 4 own shares of Re 1 each, in its subsidiary. 100% Ez-Mall Online. Rakesh Jhunjhunwala announced Thursday that he sold 1.25 crore, or 1.4% of Titan Company, between May 22 and June 28. According to a BSE notice, Jhunjhunwala and persons acting in concert sold 61, 00,000 equity shares and again discharged 64,000,000 shares on June 28, bringing the total sale of the shares to 1.25. 000 000, or 1.4%. The stock closed up 4.8%
Mangalore Refinery and Petrochemicals shares (MRPL) added 4.3% of time before the board meeting to consider the preferential issue of shares .
In Other News / Global Update: [19659002] European markets were trading after gains in Asia and on Wall Street and after the leaders of the European Union had reached an agreement in principle on migration, although the underlying sentiment remained tense due to continuing trade tensions between the United States and China. The DAX rose more than 1% while the UK FTSE was up 0.9% at the time of writing
Asian equities closed higher on the last trading day of the quarter. The Shanghai Composite rose 2.2% and the Hong Kong Hang Seng 1.6% while the Korean Kospi gained 0.5% and the Japanese Nikkei rebounded 0.15% to an intraday trough higher.
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