BIZ DESK
Indian Domestic benchmark equity indices saw marginal gains today July 1 in a rather subdued trading session. The Sensex rose 91 points to close at 83,697, while the Nifty-50 added 25 points, settling at 25,542. Both indices increased by 0.1%.
However, the broader market indices at the BSE experienced minor losses, breaking their seven-day winning streak. The Mid-Cap index closed nearly unchanged, and the Small-Cap index dipped almost 0.2%.
Market Performance Breakdown
- Sensex Performers:
- Laggards: Out of 30 companies, 17 closed in negative territory. Axis Bank led the declines, shedding over 2.1%, followed by Trent (down more than 1.2%) and Eternal (down over 1.1%).
- Gainers: Bharat Electronics jumped 2.5%, Reliance climbed over 1.8%, and Asian Paints advanced nearly 1.2%.
- Sectoral Performance (BSE):
- Declining Sectors: 12 out of 21 sectors ended down. FMCG dipped nearly 0.7%, Power slipped 0.4%, and Utilities fell more than 0.3%.
- Rising Sectors: Telecommunication surged over 0.5%, Consumer Durables and Energy both climbed more than 0.4% each, and Metal rose 0.3%.
Market Breadth
The overall market breadth at the BSE was positive, with 2,021 companies advancing compared to 1,989 declining, and 154 remaining unchanged. At the National Stock Exchange, 96 companies hit their 52-week high, while 24 reached their 52-week low. Sources
Markets Close Flat After Range-Bound Session
Indian equity benchmarks posted marginal gains on Tuesday after a subdued session:
- Sensex rose 91 points to end at 83,697
- Nifty-50 added 25 points to close at 25,542
Both indices closed just 0.1% higher, reflecting cautious sentiment.
The broader market underperformed:
- BSE Midcap index was nearly flat
- Smallcap index dipped 0.2%, snapping a 7-day winning streak
Out of 30 Sensex stocks, 17 ended lower. Major losers included:
- Axis Bank (-2.1%)
- Trent (-1.2%)
- Eternal (-1.1%)
Top gainers:
- Bharat Electronics (+2.5%)
- Reliance Industries (+1.8%)
- Asian Paints (+1.2%)
On the sectoral front, FMCG, Power, and Utilities were top losers, while Telecom, Consumer Durables, and Energy led the gains.
Market breadth at BSE was slightly positive:
- 2,021 stocks advanced
- 1,989 declined
- 154 remained unchanged
At NSE, 96 stocks hit 52-week highs, while 24 touched 52-week lows.
