Share market update news: Both standard index BSE Sensex and NSE Nifty closed with a nearly stable stance on Monday in ups and downs. Investors took a cautious stance with the July 9 deadline for the US fee between a weak trend in other markets of Asia and the US fee between capital withdrawal of capital withdrawal. An additional import duty of 26 percent has been announced on Indian products imported into the US.
The BSE Sensex based on thirty stocks closed at 83,442.50 points with a nominal rise of 9.61 points, or 0.01 percent. During the trading, the index went up to 83,516.82 points in high and down to 83,262.23 points. NSE Nifty closed on fifty stocks closed stable. 22 shares of Nifty were in profit while 28 were in loss.
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Profit in shares of daily use companies (FMCG) and petroleum companies made up the loss in IT and metal shares. According to experts, concern over the trade agreement between India and the United States led to the market fluctuations.
The duration of the US to be deferred for 90 days ends on July 9. An additional import duty of 26 percent has been announced on Indian products imported into the US.
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Sunder Kewat, a technical and derivative analyst at the Ashika Institutional Equity, said the Indian stock market closed stable on Monday. The standard index Nifty opened at 25,450. During the trading, it came down to 25,407 and went up to a level of 25,489 in the high. The index traded in a limited range during the entire session. The reason for this is cautious about investors American fees.
He said, the market participants appeared reluctant to take an aggressive stance, which led to the index in a limited scope. Among the companies included in the Sensex were Hindustan Unilever, Kotak Mahindra Bank, Trent, Reliance Industries, Asian Paints and ITC benefits.
On the other hand, the shares in loss include India Electronics Ltd., Tech Mahindra, UltraTech Cement, Maruti and the Internal (East Jomato). The BSE Smallcap index connected to small companies came down 0.33 percent while the midcap belonging to the middle companies fell 0.15 percent.
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Railwayor Broking Ltd. Senior Vice President of (Research) Ajit Mishra said, “There was almost lethargy in the market at the beginning of the week.” The market finally closed almost stable. The investor is adopting a look and waiting for the new announcement on the trade agreement and the quarterly results of the companies. In other markets in Asia, Japan’s Nikki and Hong Kong’s Hangseng remained in the loss while South Korea’s Cappey and China’s Shanghai Composite were in profit.
Major markets of Europe had a mixed trend in the afternoon trading. The US markets were profitable on Friday. Global oil standard Brent crude gained 0.29 percent to $ 68.50 a barrel. Foreign institutional investors sold shares worth Rs 760.11 crore on Friday. (Language)
Edited by: Chetan Gour
