ANI
01 Jul 2022, 14:55 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 Hong Kong Herald 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 Hong Kong Herald.
More InformationSINGAPORE: Singapore Prime Minister Lee Hsien Loong warned this week of the possible miscalculations over tensions in Taiwan, stressing that ...
LHASA: Tibet: After barely reporting any COVID-19 patients for more than two years, the autonomous Chinese region of Tibet is ...
QINGDAO, China - China announced a Rs15 billion grant to Nepal on Wednesday to invest in projects chosen by Nepal ...
MANILA, Philippines: United States Secretary of State Antony Blinken has said that the U.S. will defend the Philippines if it ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
MOSCOW, Russia: Financial information released by the Rosstat federal statistics service this week indicated that Russia's economy shrank 4 percent ...
KATHMANDU, Nepal - While the Ministry of Finance has begun repaying interest on the loans for the planes, a batch ...
WASHINGTON D.C.: Providing relief to drivers in the United States, the average retail gasoline price in the US fell below ...
NEW YORK CITY, New York: Walmart could sign a deal with Disney, Paramount, or Comcast, with the aim of breaking ...
MILAN, Italy: Milano Today has reported that seven years after launching in the country, American pizza giant Domino's has now ...
NEW YORK, New York - U.S. investors again plowed into stocks on Friday, many convinced inflation has peaked."Markets certainly got ...