Market Closing: Sensex and Nifty slip red; IT stocks underperform
After a positive opening and Sensex crossing 38k mark the indices closed lower on Wednesday.
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After a positive opening and Sensex crossing 38k mark the indices closed lower on Wednesday.
The benchmark indices on Wednesday are trading positive with Sensex above 37900 and Nifty above 11170 led by Banking and Financial stocks.
The indices at market opening were trading flat backed by the mixed global cues and considering the spike in the virus cases in the country.
The US markets saw mixed figures as Nasdaq ended red and others green, Asian markets slightly down at opening.
The indices on Tuesday ended higher at market closing as the market closes higher for the second consecutive day of the week led by Banking and Energy stocks.
The share markets today are on the higher end after opening up by 400 points in the morning with stocks like ACC, HUL in news in the early trade.
The Indian indices opened positive consecutively for the second day of the week led by positive global cues and in hopes with the vaccine development process.
The US markets closed after a higher and positive trading session as Nasdaq surged over 2.5% first time after 29th April.
The Top 10 stocks that moved the most on July 20 included Britannia and HDFC among the top gainers of Nifty and Top stocks in action for the day.
The Indian Indices on the first trading day of the current weak closed stronger with good numbers led by Bank and Financial stocks.
The Bank on 18th July posted their Q1 results as of the quater ended on June 2020 and posted a rise of nearly 20% in stgandalone net profit at Rs 6658.62 Crore in June after which on Monday, the share price of the bank was trading up by 5% in the Indian stock markets.
The benchmark indices on Monday follow the upward rally as Sensex jumps over 300 points and Nifty hitting the 11k mark on July 20 with some of the major stocks in news like Hdfc Bank and Britannia is share markets today.
The Share Markets on Monday are trading green at opening despite mixed or negative global cues, SGX Nifty trading red at opening.
The Indian indices are likely to open lower following mixed global cues with negative bias.
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