Market Highlights: Sensex ends flat with negative bias, Nifty closes at 15,763; Sun Pharma jumps 10%

By: |
Updated: July 30, 2021 4:26:26 pm

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity markets trimmed all gains ahead of the closing bell on Friday to end the day flat with negative bias. Broader markets outperformed benchmark indices.

Share Market Today, Share Market LiveIndia VIX closed 1.10% lower. (Image: REUTERS)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic markets gave up all intra-day gains to end flat with a negative bias on Friday. S&P BSE Sensex slipped 66 points or 0.13% to end at 52,586 points while the Nifty 50 dropped 15 points or 0.10% to close at 15,763. Bank Nifty was down in the red, closing 0.31% lower at 34,584 points. Broader markets outperformed benchmark indices and closed with gains. Sun Pharma surged 10% to close as the top Sensex gainer followed by Tech Mahindra’s 7.11% rally. Bajaj Finance, State Bank of India, Bajaj Finserv, and Tata Steel were the top index drags. Major bank stocks were down in the red. India VIX slipped 1.10%.

Read More

Live Blog

Highlights

    16:13 (IST)30 Jul 2021
    Bears pull Sensex, Nifty lower in dying hour of trade; here's what experts make of today's session

    Domestic equity benchmark indices were overpowered by bears in the final hour of trade, forcing the headline indices to close in the red. S&P BSE Sensex slipped 66 points or 0.13% to end at 52,586 points while the Nifty 50 dropped 15 points or 0.10% to close at 15,763. Pharma major Sun Pharma surged 10% after first-quarter results, to close as the top Sensex gainer followed by Tech Mahindra's 7.11% rally. Bajaj Finance, State Bank of India, Bajaj Finserv, and Tata Steel were the top index drags. Major bank stocks were down in the red. India VIX slipped 1.10%. Bank Nifty was down in the red, closing 0.31% lower at 34,584 points. Broader markets outperformed benchmark indices and closed with gains. 

    Read full story

    15:32 (IST)30 Jul 2021
    CLOSING BELL

    Domestic equity markets trimmed all gains ahead of the closing bell on Friday to end the day flat with negative bias. Broader markets outperformed benchmark indices. Bank Nifty closed 0.31% lower, India VIX was down 1.16%.

    15:26 (IST)30 Jul 2021
    Sectoral watch

    Among NSE sectoral indices, Bank Nifty, Nifty Financial Services, Nifty Metal, Nifty Private Bank, and Nifty PSU bank index were trading with losses while others were up with gains. 

    15:24 (IST)30 Jul 2021
    Suspension of scheduled international passenger flights extended till August 31

    The coronavirus-induced suspension of scheduled international passenger flights has been extended till August 31, aviation regulator DGCA said on Friday. “However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added. Scheduled international passenger services have been suspended in India since March 23, 2020, due to the coronavirus pandemic. But special international flights have been operating under the Vande Bharat Mission since May 2020 and under bilateral “air bubble” arrangements with selected countries since July 2020.

    Read full story

    15:20 (IST)30 Jul 2021
    Sensex gives up 52,600

    Ahead of the closing bell Sensex slipped below 52,600 mark as benchmark indices cut all gain and turned red. 

    15:15 (IST)30 Jul 2021
    Broader markets outperform

    Broader markets were up with gains while the benchmark indices were slipping into the red ahead of Friday's closing bell. Nifty Smallcap 50 was up 0.46% while the Nifty Midcap 50 jumped 1.39% on Friday. 

    15:12 (IST)30 Jul 2021
    Top Sensex gainers

    Sun Pharma, up 10% and Tech Mahindra, up 7% are the top gainers on Sensex ahead of the closing bell. 

    15:10 (IST)30 Jul 2021
    Bank Nifty in red

    Bank Nifty continues to trade with losses on Friday. Ahead of the closing bell, the index is down 0.35% or 123 points at 34,691. State Bank of India, Axis Bank, IndusInd Bank, and ICICI Bank were the top drags. 

    15:01 (IST)30 Jul 2021
    Sensex, Nifty trade flat

    Sensex and Nifty gave up all gains ahead of the closing bell on Friday. Sensex slipped below 52,700 while Nifty gave up 15,800.

    14:57 (IST)30 Jul 2021
    Rolex Rings IPO subscribed 82 times so far on final day, grey market premium soars; should you subscribe?

    Rolex Rings’ Rs 731 crore IPO (initial public offering) has been subscribed 81.89 times so far on the day day of subscription, eliciting strong interest from investors after having been fully subscribed on day one. The automotive components manufacturer is looking to raise Rs 56 crore through a fresh issue of equity shares while the remaining Rs 675 crore is an offer for sale (OFS) by existing shareholders. Rolex Rings is one of the top five forging companies in India, according to ICICI Direct. The client base of Rolex Rings consists of leading global bearing manufacturers viz. SKF, Timken, Schaeffler, NEI & NRB Bearings. Ahead of the IPO the company managed to raise Rs 219 crore from 26 anchor investors.

    14:39 (IST)30 Jul 2021
    Positive momentum may continue for Auto sector

    Our channel checks indicate that the positive momentum witnessed in Jun’21 should continue in Jul’21, aided by the easing of lockdowns and pent-up demand across regions. We expect a sequential improvement in volumes across segments, barring Tractors due to seasonal factors. We retain a positive view on the Auto sector and our top picks are TTMT (TP: Rs400), AL (TP: Rs155), MSIL (TP: Rs9,000) and EIM (TP: Rs3,180). In Ancillaries, we like MSS (TP: Rs325) and APTY (TP: Rs290).

    ~ Emkay Global

    14:22 (IST)30 Jul 2021
    'Buy' RIL shares: UBS upgrades stock, says RIL returning to growth phase; check target price

    Mukesh Ambani’s Reliance Industries Ltd. (RIL) has been upgraded to a ‘Buy’ rating by global brokerage and research firm UBS, from their earlier ‘Neutral’ tag. In a report, analysts at UBS said that after a period of low growth due to macro headwinds and energy cyclicality, RIL is now entering a growth phase in all three segments -- energy, consumer retail, and Jio. So far this month, RIL’s share price has dropped 2.8% to now trade at Rs 2,050 per share. The stock has underperformed the benchmark Nifty 50 this month and even so far this year.

    Read full story

    14:10 (IST)30 Jul 2021
    Lok Sabha passes Airports Economic Regulatory Authority bill without debate

    Lok Sabha, on Thursday passed a bill that seeks to encourage smaller airports in the country to expand air connectivity to far-flung and relatively remote regions. According to a PTI report, without a debate, the Airports Economic Regulatory Authority of India (Amendment) Bill, 2021 was passed amid uproar by opposition members over the Pegasus spying row as well as farmers’ issue. Union Minister of Civil Aviation Jyotiraditya Scindia said that the Modi government is committed to offer aviation services to all the people in India. Under the Modi government’s Regional Connectivity Scheme- UDAN, air services have been started from several smaller cities in the country such as Darbhanga, Belgaum, Jharsuguda, Jagdalpur, and Hubli.

    Read full story

    13:36 (IST)30 Jul 2021
    Bank Nifty in red

    Bank Nifty was down in the red while benchmark indices were trading with gains. SBI was down 2%, ICICI Bank slipped 1% and IndusInd Bank dropped 0.86% on Friday. 

    13:35 (IST)30 Jul 2021
    Tech Mahindra shares hit 52-week high; zoom nearly 10 pc after Q1 earnings

    Shares of Tech Mahindra on Friday zoomed nearly 10 per cent after the company reported 42.91 per cent growth in the June quarter consolidated net profit. The stock jumped 9.68 per cent to hit a 52-week high of Rs 1,237 on BSE and NSE. Tech Mahindra on Thursday reported 42.91 per cent growth in June quarter consolidated net profit at Rs 1,365.7 crore on higher revenue and an expansion in profit margins. Profit in the year-ago period stood at Rs 955.6 crore.

    Read full story

    13:33 (IST)30 Jul 2021
    Pune Metro conducts first trial run on Vanaz-Ramwadi route; details here

    Pune Metro Update: Soon, travelling between Vanaz and Garware College in Pune to get more convenient. Today, the Pune Metro rail network has undertaken its first trial run on the Vanaz-Ramwadi route. The Metro trial was done between Vanaz and Ideal Colony at the Hill View Park car depot in presence of Deputy Chief Minister of Maharashtra Ajit Pawar. An official of the Pune Metro was quoted in a PTI report saying that the flag-off ceremony of the first Pune Metro trial run of East-West corridor was conducted successfully in presence of Deputy Chief Minister, Pune Mayor Murlidhar Mohol as well as others.

    Read full story

    12:38 (IST)30 Jul 2021
    Oberoi Realty result update

    "Oberoi Realty has reported numbers in line with market expectations. Cash flow has improved significantly in Q1FY2022 after the hit in FY2021. Revenue from residential real-estate business has jumped 4x due to low base in Q1FY21. We have seen good demand in the residential sector but the commercial sector is still not showing any sign of recovery. The hospitality business has reported a negative EBITDA of Rs 2.28 crores due to the state-wise covid 19 lockdown in the MMR region. We expect residential demand to be strong for FY2022 and are expecting some recovery on the commercial side in H2FY2022. We have a positive outlook for Oberoi Realty," said Yash Gupta Equity Research Associate, Angel Broking.

    Check live price: Oberoi Realty

    12:22 (IST)30 Jul 2021
    Devyani International IPO price band fixed at Rs 86-90 per share; issue opens next week

    Devyani International, the single largest operator of marquee quick-service restaurants (QSR) such as KFC, Costa Coffee, and Pizza Hut has set the price band for its upcoming IPO at Rs 86-90 per share. At the upper end of the price band, the company will look to raise Rs 1,838 crore from the primary market. Devyani International’s IPO opens next week on August 4 and will remain open for subscription till August 6. This will make it the third restaurant chain to raise funds through an IPO in recent time, after the successful listing of Burger King India and Barbeque Nation Hospitality.

    Read full story

    11:55 (IST)30 Jul 2021
    Nifty gearing up for a rally?

    "The Nifty has a short term resistance at 15800 and we are trading above that since the start of trade. The crucial level is 15900 and we need to close above that for a few sessions for the markets to really zoom to a new high. This new high could be closer to 16200. 15400 is a good support for the index and every time we visit around that price point, we tend to see a quick bounce. It is a matter of time when the Nifty breaks out of one of the two levels," said Manish Hathiramani, Proprietary Index Trader and Technical Analyst, Deen Dayal Investments.

    11:26 (IST)30 Jul 2021
    Tech Mahindra should you buy?

    'We expect Tech Mahindra to deliver double-digit growth in FY22. However, the extent of the same is likely to be lower than its peers. We value the stock at 17x FY23E EPS. We remain Neutral on the stock,' said brokerage and research firm Motilal Oswal. Tech Mahindra is up 9% today trading at Rs 1,231 per share. 

    Check Live Price: Tech Mahindra

    11:09 (IST)30 Jul 2021
    Nifty ready to surge higher, index may propel towards 16,300; IT, Metal stocks could outperform

    Nifty 50 has remained range-bound between 15,950-15,450 levels for several weeks now, struggling to reach 16,000. However, this consolidation is likely to result in strong base formation at 15,450 helping the Nifty 50 touch fresh all-time highs at 16,300, said ICICI Direct in a note. “Current strong base formation will act as a launchpad for the next leg of up move within a structural uptrend. Going ahead, a decisive close above 15,950 with multi-sector participation would confirm the resumption of primary uptrend and accelerate upward momentum to 16,300,” they added. Any correction beyond 15,450 is seen by ICICI Direct as an extended bull market correction and not as a negative.

    Read full story

    11:00 (IST)30 Jul 2021
    Nifty placed at midpoint of current range; traders should stay light, focus on individual themes

    Wednesday’s spectacular recovery was followed by a pleasant start on Thursday in line with the global peers. During the remaining part of the session, we witnessed consolidation in a slender range in key indices. During the final hour, Nifty made an attempt to go beyond 15800 but due to lack of support from heavyweight constituents, Nifty concluded the session as well as the July series tad below the 15800 mark.

    Read full story

    10:39 (IST)30 Jul 2021
    Nifty futures Open Interest at ten series low; use any correction to accumulate long positions

    Nifty remained in the narrow range of five hundred points during the entire July series to close with losses of 0.08%. This is the lowest series to series change since June 2017. Bank Nifty continued its underperformance for the second consecutive series where it ended the July series with the losses of 0.39% to close at 34692 levels. This is the second consecutive series loss for the Bank Nifty.

    Read full story

    09:56 (IST)30 Jul 2021
    Nifty regains 15,800

    Nifty has managed to breach 15,800 levels once again. The index has gained 0.20% in the opening hour of trade, now sitting at 15,810. 

    09:33 (IST)30 Jul 2021
    Power Struggle: Discom PPAs go for a toss, now Punjab set to cancel a few

    Punjab chief minister Captain Amarinder Singh has asked the state’s electricity distribution company (discom) – Punjab State Power Corporation (PSPCL) – to reexamine all power purchase agreements (PPAs) signed by the former SAD-BJP government with various private power plants, and revise or cancel the contracts that are ‘one-sided” and ‘not beneficial to the state’. In a statement released on Wednesday evening, the chief minister’s office said that the discom had been directed to revoke the PPA with Vedanta’s subsidiary Talwandi Sabo Power (TSPL), which runs the 1,980 mega-watt (MW) station in the state.

    Read full story

    09:27 (IST)30 Jul 2021
    India VIX up 2%

    India VIX, the volatility gauge for domestic stock markets, was up 2% on Friday morning. 

    09:26 (IST)30 Jul 2021
    Tech Mahindra share price soars 8%

    Tech Mahindra's share price was up 8% on Friday morning as top Sensex gainer. The stock soared higher as investors reacted to the quarterly results posted by the company yesterday.

    09:19 (IST)30 Jul 2021
    Bargain hunting on D-Street

    "While ruling out directional downsides, we were keen to see a close above 15767 yesterday. In fact, almost all dips to this level, post the opening hour’s volatility, found buying, indicating a positive undercurrent. However, given the low VIX environment, it was important to take down key resistances, to maintain momentum. Nifty failed to do this yesterday on approach to 15810, reducing the chances of an upside-gapped opening today. The soft opening thereof today would attract bargain hunting in the 15735-15700 with an eye on 15890-970, but a slippage into the 15700-650 region could mean that 15767 will end up as a lid for the day," said Anand James, Chief Market Strategist at Geojit Financial Services.

    09:18 (IST)30 Jul 2021
    OPENING BELL

    Domestic equity markets opened flat on Friday morning amid mixed global cues. Broader markets were up, India VIX soared higher. Bannk Nifty was down in the red. 

    09:09 (IST)30 Jul 2021
    Sensex, Nifty set to trump global cues

    Sensex and Nifty closed the pre-open session in the green, looking set to begin the day's trade in the positive territory. 

    09:06 (IST)30 Jul 2021
    Nifty slips but still in green

    Nifty is down from its initial highs but is still trading with gains. Nifty 50 was just above 15,800.

    09:02 (IST)30 Jul 2021
    Sensex, Nifty gain

    Sensex zoomed past 52,800 during the pre-open session while the Nifty 50 index was above 15,900. 

    08:53 (IST)30 Jul 2021
    Expect breakout in August series

    "Strong rollover data is seen market wide at 92% and Nifty at 83% although month on month OI has decreased by 1.97 lakh. Bank Nifty too saw a good rollover with fresh buildsup. Good to see sectoral leadership back in the market. Expect breakout in the August series if we cross 15,850 decisively. Supports at 15,721 and 15,645," said Rahul Sharma, Director & Head - Research, JM Financial.

    08:47 (IST)30 Jul 2021
    Petrol and diesel price today 30 July 2021: Rates unchanged at record highs; check price in Delhi, Mumbai here

    Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: The prices of Petrol and Diesel have now been left untouched by oil marketing companies for the thirteenth consecutive day. Today, petrol in the national capital costs Rs 101.84 per litre, while Diesel in the capital city is retailing at Rs 89.87 per litre. Fuel prices have increased 41 times since May 4 and nine times this month, now sitting at all-time highs. The price of petrol in Delhi has increased by Rs 11.15, while diesel price has surged Rs 10.80 per litre since the rates started increasing more than 2 months back. Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Ltd (HPCL) revise the fuel prices daily in line with benchmark international price and foreign exchange rates.

    Read full story

    08:40 (IST)30 Jul 2021
    Nifty expected to open flat to negative

    "Nifty is expected to open flat to negative at 15760, since the last few days it has been making lower highs and lower lows, for Nifty to show the next up move this pattern has to be broken and nifty has to close above 15900 levels. Nifty has strong resistance in the 15780-15830 range and strong support at 15700, 15600, and 15450 levels. Bias in Nifty will remain negative and sell on rise is suggested as long as its daily close is below 15900." said Gaurav Udani, CEO & Founder, ThincRedBlu Securities.

    08:32 (IST)30 Jul 2021
    Further upsides likely

    "The Nifty could immediately trade in a 1.5% range either side from 15800 with a bias on the downside, weekly options data show. The range for the market based on the combined value of the 15800 call and put expiring on August 5 is 16000-15600. The bias, going by the open interest put call ratio of 0.62, is on the downside,indicating traders have sold more call options than puts on the Nifty, expecting the market to decline further and gobbling up the premiums received by selling calls to the option buyers.

    In the coming session, the trading spot band is between 15720 and 15840, which means further upsides are likely once the immediate resistances of 15720 are taken out and weakness could emerge if the supports of 15840 are broken," said Raushan Kumar, Derivative Analyst, IIFL Securities. 

    08:29 (IST)30 Jul 2021
    Bharti Airtel, Tech Mahindra, Reliance Industries, Federal Bank, Sun Pharma stocks in focus today

    SGX Nifty plummeted during the early hours of trade on Friday, hinting at a negative start for domestic markets. Asia, n markets were in the red on Friday morning, failing to pick up from positive ensign recorded by Wall Street. With Sensex and Nifty having snapped their losing run on Thursday, technical analysts believe domestic markets could welcome bulls back now. “A small positive candle was formed on the daily chart with minor upper and lower shadow. This pattern indicates slower upside momentum. However, a sustainable move above 15810 levels is likely to pull the Nifty towards the next upside hurdle of 15880-15900 levels in the short term,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

    Read full story

    08:04 (IST)30 Jul 2021
    Bulls back in action?

    "The short term trend of Nifty seems to have reversed up, but the momentum on the upside is yet to pick up. A decisive move above 15810 levels is likely to pull the market towards 15900 in the next couple of sessions. Intraday support is placed at 15715," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

    07:59 (IST)30 Jul 2021
    IPO market nears peak as valuations hit 20-year high

    Low interest rates and hefty returns have driven record demand for IPOs, but with valuations for newly public companies now at levels last seen during the dot-com bubble, some analysts are raising concerns that boom may be nearing an end.

    Read full story

    07:58 (IST)30 Jul 2021
    SGX Nifty nose-dives

    SGX Nifty tanked on Friday morning, shedding more than 100 points during the early hours of trade. 

    Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Live Updates
    Next Stories
    1Exit of Gaurav Gupta does not warrant any disclosure under listing regulations: Zomato
    2Analyst Corner – Auto PLI scheme: NEVs remain the centrepiece
    3Corporate bond yields ease on demand from mutual funds, insurers