Sensex slips 86 points, Nifty settles at 16,216


Sensex, Nifty, stock prices today: The benchmark BSE and National Stock Exchange (NSE) equity indices pared intraday losses to end with marginal declines on Monday, July 11, 2022.

The S&P BSE Sensex lost 86.61 points (0.16%) to end at 54395.23, while the Nifty 50 slipped 4.60 points (0.03%) to settle at 16216.00.

On the Sensex pack, Bharti Airtel, Tata Consultancy Services, HCL Technologies, Infosys, Wipro, Tech Mahindra, Larsen & Toubro, Power Grid Corporation of India and Bajaj Finserv were the big losers on Monday, while Tata Steel, Mahindra & Mahindra, Les Dr. Reddy’s Laboratories, ICICI Bank, Asian Paints and Axis Bank were the main winners.

Among the sector indices on The NSE, all sector indices except Nifty IT ended higher. Nifty IT fell 3.08%, while Nifty Metal and Nifty PSU Bank rose 1.97% and 1.88%, respectively.

In the broader market, mid and small cap indices outperformed their benchmark peers. The S&P BSE MidCap Index ended at 22,798.11, up 142.54 points (0.63%), while the S&P BSE SmallCap came in at 25,916.41, up 275.60. dots (1.07%).

“As the domestic market focused on quarterly results, the weak start to IT earnings hurt sentiment, forcing benchmarks to open on a weak note. However, with support from banking stocks, metals and l energy, the domestic market managed to limit its losses to close flat India’s June inflation data, which is due tomorrow, is expected to remain in line with May’s inflation rate of 7.04% Meanwhile, US inflation data due on Wednesday is expected to show a further increase from its current record high of 8.6% in May,” said Vinod Nair, head of research at Geojit Financial. Services.

Global market

Contributed by Reuters

Stocks and bond yields fell on Monday as investors braced for a U.S. inflation report that could force another massive hike in interest rates, as policymakers around the world grapple with the inflation while being wary of the threat of a recession.

The STOXX index of European stocks fell 0.6%, S&P 500 futures fell 0.56% and Nasdaq futures fell 0.7%, as an upbeat report on the US payrolls in June sparked expectations of a 75 basis point hike by the Federal Reserve.

MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 1.8%, while Chinese blue chips lost 1.9% after Shanghai discovered a COVID-19 case involving a new sub- variant, Omicron BA.5.2.1.


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