Share Market Highlights: Sensex, Nifty ends lower! Nifty holds 24,100, Sensex near 79,400 Bank Nifty index ends 400 points lower at 52,200

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Benchmark domestic indices BSE Sensex and NSE Nifty 50 ended in negative territory on Tuesday.

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Share Market Sensex Today | Stock Market LIVE Updates: Equity indices in the Asia-Pacific region were trading on a positive note on Tuesday. (Photo: Reuters)

Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Tuesday’s trading session in the negative territory. The NSE Nifty 50 dropped 18.10 points or 0.07% to settle at 24,123.85, while the BSE Sensex falls 34.73 points or 0.04% to 79,441.46. The broader indices ended in negative territory, with fall led by Small-cap and Mid-cap stocks. Bank Nifty index ended lower by 406.65 points or 0.77% to settle at 52,168.10. Media and IT stocks outperformed among the other sectoral indices while PSU Banks and Auto stocks shed.

Live Updates
15:34 (IST) 2 Jul 2024
Markets at close

The NSE Nifty 50 dropped 18.10 points or 0.07% to settle at 24,123.85, while the BSE Sensex falls 34.73 points or 0.04% to 79,441.46.

15:23 (IST) 2 Jul 2024
Stock market today live updates | Patanjali Foods falls 3.55%

The shares of Patanjali Foods saw a decline of 3.55% on the NSE, trading at Rs 1,638.95. The company announced plans to acquire Patanjali Ayurved’s home and personal care business for Rs 1,100 crore.

15:17 (IST) 2 Jul 2024
Stock market today live updates | Sugar Stocks on Intra-day high

Sugar stocks such as Dwarikesh Sugar, Dhampur Bio, Uttam Sugar, Avadh sugar trade at intra-day high.

15:14 (IST) 2 Jul 2024
Stock market today live updates | Nifty on Intra-day Charts

15:04 (IST) 2 Jul 2024
Stock market today live updates | Max Healthcare drops 5%

Shares of Max Healthcare dropped by 5% to an intra-day low of Rs 911.90, despite the announcement that the construction of a 300-bed hospital has been completed. The new facility, operating under the name Max Super Speciality Hospital, Dwarka, has commenced operations of its first phase. In January 2022, Max Healthcare entered into a long-term services agreement with Muthoot Hospitals Private Limited.

14:56 (IST) 2 Jul 2024
Stock market today live updates

14:51 (IST) 2 Jul 2024
Stock market today live updates | Key Levels To Watch On Bank Nifty

On the Bank Nifty levels Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities said that the BankNifty index experienced its first meaningful correction after a nonstop rally in the past week.

Shah also added for the selling pressure to continue, there needs to be follow-up selling; otherwise, the index may get stuck in a consolidation range. The immediate support is at 52000, where the highest open interest is built up on the put side, while the immediate resistance lies in the 52700-53000 zone.

14:49 (IST) 2 Jul 2024
Stock market today live updates | Dollar Rupee Outlook

Commenting on the Dollar and Rupee outlook Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas said that Indian Rupee depreciated by 0.07% on weak domestic markets and a rise in the US Dollar index. Rising crude oil prices further put pressure on the Rupee. Crude oil prices are trading near two-month highs.

Choudhary also added that We expect Rupee to trade with a slight negative bias as strength in the US Dollar and surge in crude oil prices may keep Rupee under downside pressure. However, overall positive trend in the domestic markets and expectations of fresh foreign inflows may support Rupee at lower levels. Traders may take cues from Fed Chair Jerome Powell’s speech and JOLTS job openings data from the US. USDINR spot price is expected to trade in a range of Rs 83.20 to Rs 83.75.

13:53 (IST) 2 Jul 2024
Sensex today live updates | Sensex index movers

Courtesy: BSE

13:29 (IST) 2 Jul 2024
Share market today live updates | Elara Securities on Banking & Financial Services companies’ quarterly preview

“Despite the recent outperformance by private banks, we still prefer large private banks with strong earnings resilience harmonising with reasonable valuations. The valuations of mid-tier PSUs and mid-tier private banks do indicate that valuations are rather full and a re-rating hereon may rather be slow. We believe the risk-reward is sharply tilted towards frontline peers. No significant asset quality challenges and better growth may ensure a sustained rerating for PSU banks on earnings stability – SBI is our top pick within PSU basket,” said Elara Securities.

13:05 (IST) 2 Jul 2024