ANI
01 Jul 2022, 10:25 GMT+10
New Delhi [India], July 1 (ANI): Indian equity indices started the fresh month of July on a negative note amid continuing volatility in global markets.
The indices declined during the majority of the sessions in June due to consistent depreciation of the rupee, foreign fund outflows, prevailing inflation concerns, rising crude oil prices, among other factors.
At 9.40 a.m., Sensex was at 52,714.71 points, down 304.23 points or 0.57 per cent, whereas Nifty was at 15,657.85 points, down 122.40 points or 0.78 per cent.
Among the individual stocks, Titan, Dr Reddys, ONGC, Tata Motors, and Reliance Industries were the top five losers among the Nifty 50 companies, while UPL, Shree Cements, Cipla, Asian Paints, and Indusind Bank were the top gainers, National Stock Exchange data showed.
"Nifty ended 5 per cent lower for the month and 9.4 per cent lower for the quarter even as FPIs continue to be sellers on almost all days. It closed at the lowest in 4 days on June 30, once again failing to hold on to gains," said Deepak Jasani, Head of Retail Research, HDFC securities.
Other major Asian stocks fell on Friday as investors assessed worries about an economic slowdown and whether any relief lies ahead after a first-half drubbing for global financial markets, added Jasani.
"Leading indicators suggest improving prospects for banking, IT, telecom and autos. Stock price movements in the near-term in July will be in anticipation of better-than-expected Q2 results in these segments. Metals stocks are likely to bottom out absorbing the poor Q1 results," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. (ANI)Get a daily dose of Cardiff Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cardiff Star.
More InformationNEW DELHI, India: Ramesh Viswashkumar, a 40-year-old British national, has been identified as the sole known survivor of the Air India...
Kananaskis [Canada], June 18 (ANI): Canadian Prime Minister Mark Carney held a press conference as the G7 Summit came to its conclusion,...
A breakthrough has been achieved during a meeting between the prime ministers on the sidelines of the G7 summit India and Canada...
New Delhi [India], June 18 (ANI): Andhra Pradesh Cabinet Minister for Information Technology and Education is on a two-day visit to...
Kananaskis [Canada], June 18 (ANI): Prime Minister Narendra Modi met his Canadian counterpart Mark Carney on the sidelines of the G7...
New Delhi [India], June 18 (ANI): Union Minister of Commerce and Industry, Piyush Goyal, is on a two-day official visit to United Kingdom...
BEIJING, China: A typhoon altered its course and struck Hainan Island, southern China, late on the night of June 13. Typhoon Wutip...
BANFF, Alberta: The recent G7 summit has convened for the second and final day in the picturesque Canadian Rockies amidst escalating...
JOHANNESBURG, South Africa: A key global plan to end AIDS as a public health threat by 2030 is now in deeper jeopardy after the United...
CALGARY, Alberta, Canada - U.S. President Donald Trump has announced he is leaving the G7 summit after just one day, and after refusing...
HOUSTON, Texas: Crude oil surged to multi-month highs this week, driven by escalating tensions in the Middle East after Israel launched...
SEOUL/LONDON: A wave of flight cancellations and diversions swept across the airline industry on June 13 after Israel launched strikes...