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The Sense & Senbad BSE Index toppled half of Friday's gains to close the week's first session down by half a percent on Monday, penalized by global weakness due to trade tensions and political uncertainty in Germany. Senbad fell by 159.07 points to 35,264.41 and the NSE Nifty to 50 shares lost 57 points to 10,657.30. About 1643 shares have decreased against 966 rising shares on the BSE.
However, the pain was seen in small and mid-cap stocks. Nearly 300 stocks on BSE hit a new 52-week low, including stocks such as Force Motors, Dalmia Bharat, Century Textiles, Apar Industries, Finolex Industries, Capital First and Kajaria Ceramics, among others
. noon to reach its lowest point at 13h, a rally that started at 13h reversed the price of the markets and took the indices higher by recovering most of the losses of the session. FII cash outflows continue in July , they sold nearly 47k Nikhil Kamath, co-founder of Zerodha told Moneycontrol
that S & P BSE Senbad index closed down 159 points to 35,264 while the Nifty50 ended down 57 points to 10,657.
With Infosys, the best performance of the session, NTPC, Ambuja Cement and Bharti were the worst performers of the session.In general, we continue to maintain a bearish outlook and we do not do not advocate getting into fresh positions, "he said.On the sectoral level, the S & P BSE IT index rose 0.8%, followed by the index S & P BSE Consumer Durable Wins 0.53%
The S & P Index BSE Telecom fell 2.6%, followed by the S & P ESB index The S & P BSE Power index fell 1.29%
The S & P BSE Midcap index lost 0.75% and the S & P BSE SMALLCAP index lost 0.70%
. The winners of Senbad include names like Asian Paintings, Infosy, Vedanta, Bajaj Auto, ICICI Bank, Sun Pharma and TCS.
Top Senbad losers include names such as Bharti Airtel, Adani Ports, Hero MotoCorp, HDFC Bank, CGSB, Coal India, RIL and Tata Steel
Stocks of News:
Graphite India and HEG closed the prices at 5% for the second consecutive session after Macquarie began covering both. [19659002] Billionaire Anil Agarwal-led Vedanta Resources plc will be delisted from the London Stock Exchange after the group of promoters made an offer in cash to buy back about 33% of the public stake in the company. The title RITES started the first day at Rs 190 per action on BSE Monday. The stock price rebounded 15% to close the day at 212.70 rupees on BSE.
Car stocks were driven by stocks such as Ashok Leyland (+ 1.5%), Bajaj Auto (+ 1%), Maruti (+ 0.07%), and TVS Motor Company (+ 0.74%) %).
In Other News / Global Update:
Indian industrial activity grew at its fastest pace this year in June. Demand, according to a survey of companies, also shows that input costs have risen the most in almost four years
European stocks have fallen sharply due to political uncertainties in Germany and trade problems between l 39; European Union and the United States. The French CAC, the German DAX and the British FTSE were down 0.5 to 1% at the time of writing this article.
Asian markets also closed in red with the Chinese Shanghai Composite losing 2.5% ahead of US and Beijing tariffs later in the week. Japanese Nikkei and South Korean Kospi also fell by more than 2%
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