Indian equity
benchmarks kept swinging between the red and green zones throughout the volatile
session and ended flat with a negative bias on Thursday, amid weak global
trends.
The Nifty50 has
formed a small body candle on the daily chart with upper and lower shadows,
according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. He views the absence
of sharp weakness near 15,800 as favourable to the bulls. However, a decisive
move below 15,600 is likely to negate the bullish bet and could result in sharp
weakness down to 15,200, Shetti warned.
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Sensex fell 8.03 points or 0.02% to 53,018.94 and the Nifty
was down by 18.85 points or 0.12 % to 15,780.25 in the previous session. Sensex
touched high and low of 53,377.54 and 52,883.25, respectively. There were 11
stocks advancing against 19 stock declining on the index. Nifty traded in a
range of 15,890.00 and 15,728.85. There were 13 stocks advancing against 36
stocks declining while one stock remains unchanged on the index.
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Broader Indices
The broader indices ended in red as the BSE Mid cap index
fell 0.74% and the Small cap index was down by 0.54%. On the sectoral front, Power
was up by 0.79%, Bankex was up by 0.62%, Utilities was up by 0.59% and Capital
Goods was up by 0.18%, while Metal down by 2.18%, Auto down by 1.25%, Basic
Materials down by 1.20%, Realty down by 1.17%, Consumer Discretionary down by
0.90% were the top losing indices on BSE.
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India VIX Index
Nifty or India VIX, a
gauge of the market’s expectation of volatility over the near term, fell 0.27%
to 21.84 on Thursday.
SGX Nifty
The trends on SGX Nifty indicate
a flat opening for the index in India with a 1.5 points loss. The Nifty futures were trading
at 15,721.00 on the Singaporean Exchange
around 07:35 hours IST.
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Support and
Resistance levels
The
key support level for the Nifty is placed at 15,709, followed by 15,638. If the
index moves up, the key resistance levels to watch out for are 15,871 and
15,961, according to pivot charts.
The S&P 500 fell 33.45 points, or 0.9%, to 3,785.38.
The Dow Jones Industrial Average fell 253.88 points, or 0.8%, to 30,775.43.
The Nasdaq fell 149.16 points, or 1.3%, to 11,028.74.
The Russell 2000 index of smaller companies fell 11.38 points, or 0.7%, to 1,707.99.
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Asian Markets
Asian markets ended
mostly lower on Thursday. The Nikkei 225 fell 1.54%, the Hang Seng fell 0.62%
while the Shanghai Composite rose 1.10%.
European Markets
European markets
ended lower on Thursday, Germany’s DAX was down by 1.69%, London’s FTSE 100 was
down by 1.96% and France’s CAC 40 was down by 1.80%.
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Major News Headlines
Sanjiv Mehta appointed as president commissioner
of Unilever Indonesia
Managing Director and CEO, Sanjiv Mehta will be appointed
as the President Commissioner (Non-Executive Chairman) of PT Unilever Indonesia
Tbk (Unilever Indonesia), a public company and member of the Unilever Group,
HUL said in its BSE filing. He will continue to be Chief Executive Officer and
Managing Director of HUL, and President, Unilever South Asia.
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Hindustan Copper to seek shareholders’ approval
to raise Rs 500 crore though debentures
State-owned Hindustan Copper said that its board has
recommended seeking shareholder’s approval to raise around Rs 500 crore through
debentures. The board has also suggested taking the approval of the
shareholders in the ensuing annual general meeting for raising funds by issuing
equity shares through Qualified Institutional Placement.
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Future Enterprises defaults on Rs 6.15 crore interest
payments for NCDs
Debt-ridden Future Enterprises Ltd (FEL) has announced
another default, this time on payment of interest of Rs 6.15 crore for its
non-convertible debentures. The due date for payment was June 29, 2022, FEL
said in a regulatory filing on June 30. “The Company is unable to service
its obligations in respect of the interest on Non-Convertible
Debentures…,” it said. This is the fifth default in June by the Kishore
Biyani-led Future Group firm.
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RAKESH ANIL BISSA bought 48,000 shares in Ambani Organics Limited at Rs
105.00 per share on the NSE.
NAKSHATRA GARMENTS PRIVATE LIMITED bought 10,00,000 shares in Compuage
Infocom Limited at Rs 22.00 per share on the NSE.
VIJIT VIJAY RAMAVAT sold 2,19,960 shares in D P Wires Limited at Rs
290.30 per share as per NSE.
EARC TRUST SC 30 sold 96,092 shares in Electrotherm (India) Limited at
Rs 94.59 per share on the NSE.
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HARSHIL PREMJIBHAI KANANI sold 8,27,098 shares in Kanani Industries
Limited at Rs 15.90 per share on the NSE.
ZENAB AIYUB YACOOBALI bought 51,326 shares in Kshitij Polyline Limited
at Rs 32.25 per share as per NSE.
A S PATEL TRUST sold 1,87,024 shares in Patel Integrated Logistics at Rs
12.33 per share on the NSE.
PASHUPATI CAPITA SER PVT LTD sold 45,54,333 shares in RBL Bank Limited
at Rs 83.01 per share on the NSE.
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SAWARNBHUMI VANIJYA PRIVATE LIMITED bought 1,68,000 shares in Sarveshwar
Foods Limited at Rs 50.00 per share as per NSE.
LAVJIBHAI VALJIBHAI SAVALIYA sold 1,25,000 shares in Shree Ram Proteins
Limited at Rs 90.17 per share on the NSE.
DHANSHREE BARTER PVT LTD sold 6,67,017 shares in United Polyfab Guj.
Limited at Rs 47.50 per share on the NSE.
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Foreign institutional
investors (FIIs) sold shares worth a net Rs 1,138.05 crore, while domestic
institutional investors (DIIs) bought shares worth a net Rs 1,378.20 crore in
the Indian equity market on June 30, as per provisional data available on the
NSE.
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No stock is under the
F&O ban for July 1. Securities in the ban period under the F&O segment include
companies in which the security has crossed 95% of the market-wide position
limit.
