Indian equity
benchmarks recovered most of their losses to settle marginally lower on Friday.
Key indexes made negative start and extended fall in morning deals, as
investors were concerned with the latest public debt management report showed
that the government’s total liabilities rose 3.74% to Rs 133.22 lakh crore in
the March quarter from Rs 128.41 lakh crore in the three months ended December
2021.
Also Read | Fight or flight: How IndiGo staffers are using mass sick leaves to protest
The Nifty50 has
formed a small negative candle on the daily chart with a long lower shadow,
suggesting a bottom reversal in the short term, according to Nagaraj Shetti,
Technical Research Analyst at HDFC Securities. A false downside breakout of a
small range at 15,700 is a positive sign, he said.
Also Read | Crisis-hit Sri Lanka likely to get 2 shipments of fuel in July, 1 in August
Sensex fell 111.01 points or 0.21% to 52,907.93 and the
Nifty was down by 28.20 points or 0.18 % to 15,752.05 in the previous session. Sensex
touched high and low of 53,053.04 and 52,094.25, respectively. There were 22
stocks advancing against 8 stock declining on the index. Nifty traded in a
range of 15,793.95 and 15,511.05. There were 39 stocks advancing against 11
stocks declining on the index.
Also Read | WhatsApp group linked to Amravati chemist Umesh Kolhe’s killing: Police
Broader Indices
The broader indices ended in green as the BSE Mid cap index
rose 0.67% and the Small cap index was down by 0.09%. On the sectoral front, FMCG
was up by 2.47%, Realty was up by 1.65%, Finance was up by 1.01%, Basic
Materials was up by 0.96% and Consumer Discretionary was up by 0.80%, while
Energy down by 3.99%, Oil & Gas down by 3.21%, PSU down by 1.32%, Utilities
down by 0.86% and Power down by 0.77% were the top losing indices on BSE.
Also Read | Amazon restricts LGBTQ+ products in UAE under threat of penalties
India VIX Index
Nifty or India VIX, a
gauge of the market’s expectation of volatility over the near term, fell 2.70%
to 21.25 on Friday.
Also Read | New labour codes: All you need to know
SGX Nifty
The trends on SGX Nifty indicate
a negative opening for the index in India with 22 points loss. The Nifty futures were trading
at 15,722.00 on the Singaporean Exchange
around 7:10 hours IST.
Also Read | Why Silicon Valley has been silent on Roe v. Wade
Support and
Resistance levels
The
key support level for the Nifty is placed at 15,577, followed by 15,403. If the
index moves up, the key resistance levels to watch out for are 15,860 and
15,969, according to pivot charts.
Also Read | Russia approves tax exemptions for issuers of digital assets, cryptocurrency
The S&P 500 rose 39.95 points, or 1.1%, to 3,825.33.
The Dow Jones Industrial Average rose 321.83 points, or 1%, to 31,097.26.
The Nasdaq rose 99.11 points, or 0.9%, to 11,127.85.
The Russell 2000 index of smaller companies rose 19.77 points, or 1.2%, to 1,727.76.
Also Read | Poor nation’s pricey mess: Why Zimbabwe hiked interest rate by 200%
Asian Markets
Asian markets ended
mostly lower on Friday. The Nikkei 225 fell 1.73%, the KOSPI Composite fell 1.17%
while the Shanghai Composite rose 0.32%. Market in Hong Kong was closed for a
holiday.
Also Read | Inflation, gun violence sinks Biden’s approval rating to record low: Report
European Markets
European markets
ended mostly higher on Friday, Germany’s DAX was up by 0.23%, London’s FTSE 100
was down by 0.008% and France’s CAC 40 was up by 0.14%.
Also Read | Impact of US Feds’ biggest rate hike since 1994 on India
Major News Headlines
D-Mart Q1 revenue rises almost twofold to Rs
9,806.89 crore
Avenue Supermarts Ltd, which owns and operates retail chain
D-Mart, reported a nearly twofold rise in its standalone revenue from
operations to Rs 9,806.89 crore for the first quarter ended on June 30, 2022.
The company has revenue from operations of Rs 5,031.75 crore in the April-June
quarter a year ago, the company said in a regulatory filing. The total number
of stores as of June 30, 2022, stood at 294.
Also Read | Wall Street enters bear market: What does it mean for investors
Hero MotoCorp sales jump over 3% to 4.85 lakh
units in June
The largest two-wheeler maker reported sales of 4.85 lakh units
of motorcycles and scooters in June 2022, a growth of 3.3% over 4.69 lakh units
sold in the corresponding month of the previous financial year. During the
quarter ended June 2022, it sold 13.90 lakh units, strong double-digit growth
of 35.7% over 10.25 lakh units sold in the year-ago period.
Also Read | Why US inflation is going up and when will it come down
Glenmark Pharmaceuticals formulation facility
gets Form 483 with one observation
The US Food and Drug Administration (FDA) has issued Form
483 with one observation after an inspection at the company’s formulation manufacturing
facility based out of Aurangabad, India between June 27 and July 1, 2022.
Also Read | Explained: The impact of bond yields on markets and investors
Mahindra & Mahindra’s total sales increase
64% YoY in June
The automobile company sold 54,096 vehicles in June 2022,
an increase of 64% against 32,964 units sold in the year-ago period. Export for
the month stood at 2,777 vehicles. A growth of 7% year on year. In June 2022,
it sold 41,848 tractors, a decline of 13% compared to 48,222 units sold in the
corresponding month the previous year.
Also Read | Who is the founder of Bitcoin and why is his identity shrouded in mystery?
NAKSHATRA GARMENTS PRIVATE LIMITED sold 7,31,018 shares in Compuage
Infocom Limited at Rs 21.87 per share on the NSE.
HEMAL ARUNBHAI MEHTA bought 60,000 shares in Globe Intl Carriers
Limited at Rs 84.19 per share on the NSE.
ANSHU GUPTA sold 1,55,555 shares in Patel Integrated Logistics
Limited at Rs 14.00 per share as per NSE.
VIKAS LIFECARE LIMITED bought 1,45,600 shares in Sarveshwar Foods
Limited at Rs 50.72 per share on the NSE.
SHIVAM OMAR bought 10,00,000 shares in Williamson Magor & Co at
Rs 22.68 per share on the NSE.
Also Read | Who is Neil Chandran, Indian-origin man arrested in US for alleged Rs 355 crore investment fraud?
Foreign institutional
investors (FIIs) sold shares worth a net Rs 2,324.74 crore, while domestic
institutional investors (DIIs) bought shares worth a net Rs 1,310.71 crore in
the Indian equity market on July 1, as per provisional data available on the
NSE.
Also Read | Why crypto donations are skyrocketing worldwide: Explained
No stock is under the
F&O ban for July 4. 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.
