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June 22, 2021 / 04:12 PM IST

Closing Bell: Market erases gains to end flat amid volatility; auto stocks gain

Among sectors, auto, power and capital good indices gain 1-2 percent. BSE Midcap and smallcap indices ended in the green.

  • IndexPricesChangeChange%
    Sensex52,975.80138.59 +0.26%
    Nifty 5015,856.0532.00 +0.20%
    Nifty Bank35,034.40357.10 +1.03%
    Nifty 50 15,856.05 32.00 (0.20%)
    Fri, Jul 23, 2021
    Biggest GainerPricesChangeChange%
    ICICI Bank676.6520.70 +3.16%
    Biggest LoserPricesChangeChange%
    Tata Motors295.55-7.00 -2.31%
    Best SectorPricesChangeChange%
    Nifty Bank35034.40357.10 +1.03%
    Worst SectorPricesChangeChange%
    Nifty Infra4456.35-28.20 -0.63%


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  • June 22, 2021 / 04:23 PM IST

    Ajit Mishra, VP - Research, Religare Broking

    Markets retested the record high and settled marginally in the green as participants preferred to book some profit off the table. Extending yesterday’s gains, the benchmark opened the gap up tracking favourable global cues and the news of vaccination drive gaining momentum. However, profit-taking in the index majors trimmed the gains as the day progressed and Nifty finally settled at 15,773 levels. A mixed trend was witnessed on the sector front wherein finance, FMCG and realty were the laggards while auto, IT and metals posted modest gains.
     
    Though the index has not made any meaningful progress in this month so far, the bias is still positive. It’s difficult to make any sustainable move without banking, which is still trading sluggish. We may see further choppiness ahead due to scheduled derivatives expiry and mixed global cues. Meanwhile, traders should continue to use intermediate dips to buy quality names while keeping a check on leveraged trades.  

  • June 22, 2021 / 03:56 PM IST

    Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

    The markets got a wee bit nervous at the 15900 level and corrected from there but the trend continues to remain positive. With a strong support at 15400, the Nifty seems to be headed to 16000-16100. Dips can be utilized to accumulate long positions for higher targets.

  • June 22, 2021 / 03:41 PM IST

    Rupee Close: 

    Indian rupee extended the early losses and ended near the day's low at 74.36, amid volatile trade saw in the domestic equity market.

    It opened marginally lower at 74.16 per dollar against previous close of 74.10 and traded in the range of 74.05-74.40.

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  • June 22, 2021 / 03:36 PM IST

    Ashis Biswas, Head of Technical Research at CapitalVia Global Research:

    The market witnessed some lackluster movement and an attempt to hold the support level around the Nifty 50 Index level of 15800. Trading above 15800 is positive from a short-term perspective. Sustaining above 15800 levels, the market expects to gain momentum, leading to an upside projection till 16100-16200 level. 

    The momentum indicators like RSI and MACD to gain their momentum after staying negative in recent times, indicating the chance of continuing upside.

  • June 22, 2021 / 03:34 PM IST

    Market Close: Benchmark indices erased intraday gain and ended on flat note in the volatile session on June 22.

    At close, the Sensex was up 14.25 points or 0.03% at 52588.71, and the Nifty was up 26.30 points or 0.17% at 15772.80. About 1839 shares have advanced, 1136 shares declined, and 97 shares are unchanged.

    Top gainers included Maruti Suzuki, UPL, Shree Cements, Wipro and SBI Life Insurance, while losers were Asian Paints, Bajaj Finance, Nestle, HUL and Kotak Mahindra Bank on the Nifty.

    Among sectors, auto, power and capital good indices gain 1-2 percent. BSE Midcap and smallcap indices ended in the green.

  • June 22, 2021 / 03:23 PM IST

    Avanti Feeds Q4:

    Company's consolidated net profit was down 20% at Rs 69.7 crore versus Rs 87 crore and revenue was up 6.1% at Rs 1,098.1 crore versus Rs 1,035 crore, YoY.

    Avanti Feeds was quoting at Rs 556.70, down Rs 18.60, or 3.23 percent on the BSE.

  • June 22, 2021 / 03:17 PM IST

    Rupee Updates:

    Indian rupee extended the early losses and trading at day's low 74.37, amid volatile trade seen in the domestic equity market. It opened marginally lower at 74.16 per dollar against previous close of 74.10.

  • June 22, 2021 / 03:11 PM IST

    ICICI Direct on India Pesticides

    At Rs 296, the stock is available at 25.3x FY21. Since the company caters to a few large formulators globally, the upcoming capacity expansion is likely to improve the economies of scale. Further, technicals being a higher margin segment compared to formulations, increase in revenue share bodes well for return ratios and thereby valuations. We assign a subscribe rating to the issue.

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  • June 22, 2021 / 03:02 PM IST

    Market at 3 PM

    Market erased most of the intraday gains but still trading marginally higher with Nifty around 15800.

    The Sensex was up 100.68 points or 0.19% at 52675.14, and the Nifty was up 53.50 points or 0.34% at 15800. About 1925 shares have advanced, 1036 shares declined, and 94 shares are unchanged.

    Maruti Suzuki, UPL, Shree Cements, Wipro and SBI Life Insurance were among major gainers, while losers were Asian Paints, Bajaj Finance, Nestle, HUL and Sun Pharma.

      Market at 3 PM  

 Market erased most of the intraday gains but still trading marginally higher with Nifty around 15800. 

 The Sensex was up 100.68 points or 0.19% at 52675.14, and the Nifty was up 53.50 points or 0.34% at 15800. About 1925 shares have advanced, 1036 shares declined, and 94 shares are unchanged. 

 Maruti Suzuki, UPL, Shree Cements, Wipro and SBI Life Insurance were among major gainers, while losers were Asian Paints, Bajaj Finance, Nestle, HUL and Sun Pharma.
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