Stock market update: Nifty Auto index advances 0.19%
ADVERTISEMENT Shares of Tube Investments of India Ltd.(up 2.56 per cent), Bharat Forge Ltd.(up 1.81 per cent), Balkrishna Industries Ltd.(up 1.26 per cent), Hero MotoCorp Ltd.(up 0.99 per cent) and Eicher Motors Ltd.(up 0.87 per cent) ended the day as top gainers in the pack.
On the other hand, Maruti Suzuki India Ltd.(down 0.58 per cent), Mahindra & Mahindra Ltd.(down 0.39 per cent), Samvardhana Motherson International Ltd.(down 0.17 per cent) and Exide Industries Ltd.(down 0.11 per cent) finished as the top losers of the day.
The Nifty Auto index closed 0.19 per cent up at 24007.95. Benchmark NSE Nifty50 index ended up 88.8 points at 25637.8, while the BSE Sensex stood up 303.03 points at 84058.9. Among the 50 stocks in the Nifty index, 27 ended in the green, while 23 closed in the red.
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Shares of Vodafone Idea, RattanIndia Power, Suzlon Energy, YES Bank and Eternal were among the most traded shares on the NSE.
Shares of Sangam(India), NDR Auto Components, Shree Global, Lloyds Steels(PP)and LT Foods hit their fresh 52-week highs in today's trade, while Supreme Holdings, Digitide Solutions Ltd., Bodhi Tree Multimedia, Osia Hyper Retail and Sadhana Nitro hit their fresh 52-week lows.
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Economic Times
29 minutes ago
- Economic Times
India's equity indices fall for fourth consecutive week amid weak earnings
Mumbai: India's equity indices fell nearly 1% on Friday, marking their fourth straight week of losses, as weaker earnings from index heavyweights and subdued sentiment across Asian markets weighed on investor confidence. ADVERTISEMENT The NSE Nifty fell 0.9%, or 225.1 points, to finish at 24,837.00. The BSE Sensex moved 0.8%, or 721.08 points, lower to close at 81,463.09. Both indices declined 0.5% and 0.4%, respectively, over the past five trading sessions. "The fall in the markets today was largely due to bearish earnings by heavyweights like Nestle and Bajaj Finance, which indicate a slowdown in the consumer economy," said Pranay Aggarwal, director and CEO, Stoxkart. "There is also investor nervousness around the India-US trade deal." Bajaj Finance fell almost 5%. Corrective Phase It emerged as the biggest loser on the benchmark Nifty on Friday. Shriram Finance and IndusInd Bank fell 3.6% and 2.6%, respectively. ADVERTISEMENT The Nifty PSU Bank Index dropped 1.7%, while the Bank Nifty shed 0.9%. The Nifty Metal and Nifty IT indices fell 1.6% and 1.4%, respectively. The Nifty Auto Index ended 1.3% Volatility Index, or VIX - the market's fear gauge - gained 5.2% to 11.3 on Friday, indicating traders expect higher risk in the near term. ADVERTISEMENT Elsewhere in Asia, Hong Kong fell 1.1% while Japan and China declined 0.9% and 0.3%, respectively. Taiwan ended marginally lower and South Korea rose 0.2%.At home, the broader market bore the greater brunt of the weaker sentiment with the Nifty Mid-cap 150 and Small-cap 250 indices declining 1.6% and 2%, respectively, on Friday. Out of the 4,154 shares traded on the BSE, 1,061 advanced, while 2,969 declined. Over the past week, the mid-cap index shed 1.6%, while the small-cap index fell 3%. ADVERTISEMENT Technical analysts said that stocks had run up significantly since April, and muted results by index heavyweights led to profit booking after the sharp rally. "Overall, the market has been in a corrective phase in July - initially a time-wise correction that kept the markets in a tight range - but today the index decisively breached the key support level of 24,950, indicating that a price-wise correction is likely in the short term," said Ruchit Jain, head of technical research at Motilal Oswal Financial Services. "The 24,650 level is the next key mark that offers a good buying opportunity." In the last three months, the benchmark Nifty has gained 3.3%, while the Nifty Mid-cap and Small-cap indices have surged 9.2% and 12%, respectively. ADVERTISEMENT Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,980 crore on Friday. Their domestic counterparts purchased shares worth Rs 2,138.6 crore. In July, overseas investors divested Rs 22,288 crore."The benchmark gained significantly between April and June, unlike in prior periods when July typically ended on a positive note," said Jain. "This prior outperformance and the ongoing correction suggest that July is likely to close lower, despite being a seasonally strong month."Jain added that investors could consider buying on dips from a medium-term perspective, as these are corrections within a broader said the tariff on India is unlikely to be higher than that on China or Vietnam, and once the deal is finalised, the markets could rebound. "Until further clarity emerges on the US-India trade deal, the markets are expected to remain sideways due to a lack of direction amid foreign selling," said Aggarwal. "The markets are expected to end lower in July, and this sideways movement could persist into next month."


Time of India
40 minutes ago
- Time of India
India's equity indices fall for fourth consecutive week amid weak earnings
Mumbai: India's equity indices fell nearly 1% on Friday, marking their fourth straight week of losses, as weaker earnings from index heavyweights and subdued sentiment across Asian markets weighed on investor confidence. The NSE Nifty fell 0.9%, or 225.1 points, to finish at 24,837.00. The BSE Sensex moved 0.8%, or 721.08 points, lower to close at 81,463.09. Both indices declined 0.5% and 0.4%, respectively, over the past five trading sessions. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy healthcare Operations Management others Finance Data Analytics Design Thinking Leadership Healthcare Artificial Intelligence Data Science Product Management Project Management MCA PGDM Digital Marketing CXO Data Science Technology Degree MBA Management Others Cybersecurity Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas Prices In Dubai Might Be More Affordable Than You Think Villas In Dubai | Search Ads Get Quote Undo "The fall in the markets today was largely due to bearish earnings by heavyweights like Nestle and Bajaj Finance , which indicate a slowdown in the consumer economy," said Pranay Aggarwal, director and CEO, Stoxkart. "There is also investor nervousness around the India-US trade deal ." Bajaj Finance fell almost 5%. Agencies Corrective Phase Live Events It emerged as the biggest loser on the benchmark Nifty on Friday. Shriram Finance and IndusInd Bank fell 3.6% and 2.6%, respectively. The Nifty PSU Bank Index dropped 1.7%, while the Bank Nifty shed 0.9%. The Nifty Metal and Nifty IT indices fell 1.6% and 1.4%, respectively. The Nifty Auto Index ended 1.3% lower. The Volatility Index, or VIX - the market's fear gauge - gained 5.2% to 11.3 on Friday, indicating traders expect higher risk in the near term. Elsewhere in Asia, Hong Kong fell 1.1% while Japan and China declined 0.9% and 0.3%, respectively. Taiwan ended marginally lower and South Korea rose 0.2%. At home, the broader market bore the greater brunt of the weaker sentiment with the Nifty Mid-cap 150 and Small-cap 250 indices declining 1.6% and 2%, respectively, on Friday. Out of the 4,154 shares traded on the BSE, 1,061 advanced, while 2,969 declined. Over the past week, the mid-cap index shed 1.6%, while the small-cap index fell 3%. Technical analysts said that stocks had run up significantly since April, and muted results by index heavyweights led to profit booking after the sharp rally. "Overall, the market has been in a corrective phase in July - initially a time-wise correction that kept the markets in a tight range - but today the index decisively breached the key support level of 24,950, indicating that a price-wise correction is likely in the short term," said Ruchit Jain, head of technical research at Motilal Oswal Financial Services . "The 24,650 level is the next key mark that offers a good buying opportunity." In the last three months, the benchmark Nifty has gained 3.3%, while the Nifty Mid-cap and Small-cap indices have surged 9.2% and 12%, respectively. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,980 crore on Friday. Their domestic counterparts purchased shares worth Rs 2,138.6 crore. In July, overseas investors divested Rs 22,288 crore. "The benchmark gained significantly between April and June, unlike in prior periods when July typically ended on a positive note," said Jain. "This prior outperformance and the ongoing correction suggest that July is likely to close lower, despite being a seasonally strong month." Jain added that investors could consider buying on dips from a medium-term perspective, as these are corrections within a broader uptrend. Aggarwal said the tariff on India is unlikely to be higher than that on China or Vietnam, and once the deal is finalised, the markets could rebound. "Until further clarity emerges on the US-India trade deal, the markets are expected to remain sideways due to a lack of direction amid foreign selling," said Aggarwal. "The markets are expected to end lower in July, and this sideways movement could persist into next month."


Time of India
2 hours ago
- Time of India
D-St Slide Continues for Fourth Week
India's equity indices fell nearly 1% on Friday, marking their fourth straight week of losses, as weaker earnings from index heavyweights and subdued sentiment across Asian markets weighed on investor confidence. The NSE Nifty fell 0.9%, or 225.1 points, to finish at 24,837.00. The BSE Sensex moved 0.8%, or 721.08 points, lower to close at 81,463.09. Both indices declined 0.5% and 0.4%, respectively, over the past five trading sessions. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Technology Data Analytics MBA Healthcare Leadership Artificial Intelligence Project Management healthcare Operations Management Product Management Finance PGDM Cybersecurity Design Thinking MCA Others Public Policy Data Science Digital Marketing others Management Data Science CXO Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details 'The fall in the markets today was largely due to bearish earnings by heavyweights like Nestle and Bajaj Finance, which indicate a slowdown in the consumer economy,' said Pranay Aggarwal, director and CEO, Stoxkart. 'There is also investor nervousness around the India-US trade deal.' Bajaj Finance fell almost 5%. It emerged as the biggest loser on the benchmark Nifty on Friday. Shriram Finance and IndusInd Bank fell 3.6% and 2.6%, respectively. The Nifty PSU Bank Index dropped 1.7%, while the Bank Nifty shed 0.9%. The Nifty Metal and Nifty IT indices fell 1.6% and 1.4%, respectively. The Nifty Auto Index ended 1.3% lower. The Volatility Index, or VIX — the market's fear gauge — gained 5.2% to 11.3 on Friday, indicating traders expect higher risk in the near term. Elsewhere in Asia, Hong Kong fell 1.1% while Japan and China declined 0.9% and 0.3%, respectively. Taiwan ended marginally lower and South Korea rose 0.2%. At home, the broader market bore the greater brunt of the weaker sentiment with the Nifty Mid-cap 150 and Small-cap 250 indices declining 1.6% and 2%, respectively, on Friday. Out of the 4,154 shares traded on the BSE, 1,061 advanced, while 2,969 declined. Over the past week, the mid-cap index shed 1.6%, while the small-cap index fell 3%. Technical analysts said that stocks had run up significantly since April, and muted results by index heavyweights led to profit booking after the sharp rally. 'Overall, the market has been in a corrective phase in July — initially a time-wise correction that kept the markets in a tight range — but today the index decisively breached the key support level of 24,950, indicating that a price-wise correction is likely in the short term,' said Ruchit Jain, head of technical research at Motilal Oswal Financial Services. 'The 24,650 level is the next key mark that offers a good buying opportunity.' In the last three months, the benchmark Nifty has gained 3.3%, while the Nifty Mid-cap and Small-cap indices have surged 9.2% and 12%, respectively. Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,980 crore on Friday. Their domestic counterparts purchased shares worth Rs 2,138.6 crore. In July, overseas investors divested Rs 22,288 crore. 'The benchmark gained significantly between April and June, unlike in prior periods when July typically ended on a positive note,' said Jain. 'This prior outperformance and the ongoing correction suggest that July is likely to close lower, despite being a seasonally strong month.' Jain added that investors could consider buying on dips from a medium-term perspective, as these are corrections within a broader uptrend. Aggarwal said the tariff on India is unlikely to be higher than that on China or Vietnam, and once the deal is finalised, the markets could rebound. 'Until further clarity emerges on the US-India trade deal, the markets are expected to remain sideways due to a lack of direction amid foreign selling,' said Aggarwal. 'The markets are expected to end lower in July, and this sideways movement could persist into next month.'