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June 28, 2021 / 04:34 PM IST

Closing Bell: Nifty ends below 15,850, Sensex falls 189 pts; FM announces relief measures

Among sectors, Nifty PSU Bank, pharma and metal indices gained 1-2 percent, while IT, energy and infra indices witnessed selling pressure. BSE Midcap and Smallcap indices up 0.4 percent each.

  • Closing Bell: Nifty ends below 15,850, Sensex falls 189 pts; FM announces relief measures
    Moneycontrol.com
    HIGHLIGHTS
    • 03:24 PM IST

      Gold stuck up in a tight range of $1771-$1796: Abhishek Bansal

    • 02:55 PM IST

      NLC India Q4 consolidated net profit up 54.6% at Rs 753 crore

    • 02:47 PM IST

      ISGEC Heavy Engineering Q4 net profit at Rs 63.4 crore

    • 02:10 PM IST

      Escorts to increase prices of tractors effective July 1, 2021

    • 01:44 PM IST

      Goldman Sachs maintains buy on Adani Port, target at Rs 790

    • 01:32 PM IST

      RITES bags orders worth Rs 749.67 crore

    • 12:54 PM IST

      USFDA complete audit at Granules India's facility at USA

    • 12:12 PM IST

      Commercial Bank of Kuwait selects TCS BaNCS

    • 11:55 AM IST

      Goldiam International receives export orders

    • 11:42 AM IST

      USDINR pair should move towards 74.6 levels in coming days: ICICI Direct

    • 11:36 AM IST

      Nifty Pharma index up 1 percent led by the Cadila Healthcare, Divis Lab, Torrent Pharma

    • 11:27 AM IST

      Strides announces successful completion of EU GMP inspection at Puducherry facility

    • 11:19 AM IST

      Cabinet Secretary-headed Panel clears names for bank privatisation

    • 10:55 AM IST

      Dr. Reddy s Laboratories announces commercial launch of 2DG

    • 10:48 AM IST

      Power Mech Projects shares hit 52-week high on order win worth Rs 9,294.14 crore

    • 10:32 AM IST

      BSE Metal index up 1 percent supported by the NALCO, Jindal Steel, NMDC

    • 10:27 AM IST

      Vaishali Pharma receives multiple orders from various countries

    • 10:06 AM IST

      KIMS Hospitals shares open at Rs 1,009, a 22% premium to IPO price

    • 10:05 AM IST

      Dodla Dairy share price debuts at Rs 550, a 28.50% premium to issue price

    • 10:03 AM IST

      Indices trade flat, midcap and smallcaps in the green

    • 09:59 AM IST

      Arihant Capital assigns accumulate rating on Ashok Leyland, target of Rs 144

    • 09:49 AM IST

      Nifty PSU Bank index up 1 percent led by the Bank of Baroda, Canara Bank, Indian Bank

    • 09:41 AM IST

      Gold imports jump multi-fold to $6.91 billion in April-May on low base effect

    • 09:35 AM IST

      Indraprastha Gas share price rose nearly 4% post Q4 earnings

    • 09:31 AM IST

      FPIs turn net buyers in June; invest Rs 12,714 crore in Indian markets

    • 09:25 AM IST

      PharmEasy acquires 66.1% stake in Thyrocare Technologies

    • 09:07 AM IST

      Indian markets are likely to open largely flat tracking mixed global cues: ICICI Direct

    • 08:39 AM IST

      These BSE listed companies to announce results today

    • 08:26 AM IST

      Dodla Dairy, KIMS Hospitals begin trading on June 28

    • 08:18 AM IST

      Dollar off to firm start as U.S. price data fail to quell inflation worries

    • 08:15 AM IST

      Petrol, diesel prices unchanged today after record high

    • 08:07 AM IST

      Gold ticks up on weaker dollar, tame inflation data

    • 07:48 AM IST

      Oil strikes 2018 highs on demand recovery, Iran nuclear talks

    • 07:38 AM IST

      Asian shares start on cautious note amid rise in COVID-19 cases

    • 07:31 AM IST

      SGX Nifty indicates a flat start for the Indian indices:

    • 07:28 AM IST

      S&P 500 closes at record high, lifted by Nike and banks

  • IndexPricesChangeChange%
    Sensex60,806.22142.43 +0.23%
    Nifty 5017,893.4521.75 +0.12%
    Nifty Bank41,554.3016.65 +0.04%
    Nifty 50 17,893.45 21.75 (0.12%)
    Thu, Feb 09, 2023
    Biggest GainerPricesChangeChange%
    Bajaj Finserv1,400.2531.35 +2.29%
    Biggest LoserPricesChangeChange%
    Adani Enterpris1,925.70-238.55 -11.02%
    Best SectorPricesChangeChange%
    Nifty IT30990.80216.80 +0.70%
    Worst SectorPricesChangeChange%
    Nifty Metal5880.70-94.45 -1.58%


  • June 28, 2021 / 08:26 AM IST

    Follow our LIVE blog for the latest updates on the novel coronavirus pandemic and its impact

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  • June 28, 2021 / 04:30 PM IST

    Nagaraj Shetti, Technical Research Analyst, HDFC Securities:

    The underlying trend of Nifty remains positive. The market is still showing range bound action near the crucial hurdle of 15900. A sustainable move above 15900-15925 could only open next round of upside in the market towards 16200-16300 levels. Any decline from here could find support around 15760 and next 15650 levels for this week.

  • June 28, 2021 / 04:28 PM IST

    Ajit Mishra, VP - Research, Religare Broking:



    Markets settled marginally lower as participants preferred to book profit at higher levels. The benchmark opened on a firm note following supportive global cues however profit-taking in the index majors erased all the gains and pushed the index lower. Eventually, the Nifty index ended lower by 0.2% at 15,815 levels. Amongst the sector, a mixed trend was witnessed wherein metal, healthcare and FMCG ended with gains whereas IT, capital goods and oil & gas ended with losses. The broader markets outperformed wherein both midcap and small cap ended higher by 0.6% and 0.5% respectively.

    Markets may react to the announcements made by the Finance Minister(FM) in early trades on Tuesday which were primarily focused on boosting the economic recovery and supporting the vulnerable sectors and individuals impacted due to COVID. We reiterate our bullish view and suggest continuing with a stock-specific trading approach. Among the sectors, banking has the potential to trigger the next up move.

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  • June 28, 2021 / 03:45 PM IST

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

    After breaching all-time high of 15900, the market witnessed some lackluster movement and an attempt to hold the support level above the Nifty 50 Index level of 15800. The market suggests, trading above 15800 is positive from a short-term perspective. Sustaining above 15800 levels, the market to gain momentum, leading to an upside projection till 16100-16200 level. The momentum indicators like RSI, MACD to further strengthen in favor of a positive outlook.

  • June 28, 2021 / 03:39 PM IST

    Rupee Close: 

    Indian rupeeendedflat at 74.19 per dollar, amidsellingsawin the domestic equity market.It opened marginally lower at 74.25 per dollar against Friday's close of 74.18 and trade intherange of 74.17-74.27.

  • June 28, 2021 / 03:35 PM IST

    Market close: 

    Benchmark indices ended lower on June 28 with Nifty below 15,850 amid Finance Minister Nirmala Sitharaman announced another stimulus package.

    At close, the Sensex was down 189.45 points or 0.36% at 52735.59, and the Nifty was down 45.70 points or 0.29% at 15814.70. About 1826 shares have advanced, 1420 shares declined, and 147 shares are unchanged.

    Divis Labs, Dr Reddys Labs, Hindalco, Tata Steel and Tech Mahindra were among major gainers on the Nifty. Top losers included HDFC Life, Titan Company, TCS, Shree Cements and Coal India.

    Among sectors, Nifty PSU Bank, pharma and metal indices gained 1-2 percent, while IT, energy and infra indices witnessed selling pressure. BSE Midcap and Smallcap indices up 0.4 percent each.

  • June 28, 2021 / 03:26 PM IST

    Union Finance Minister Nirmala Sitharaman

    | Announces Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors and additional Rs 1.5 lakh crore announced under the Emergency Credit Line Guarantee Scheme (ECLGS).

  • June 28, 2021 / 03:24 PM IST

    Abhishek Bansal, Founder Chairman, Abans Group

    Gold prices stuck up in the tight range of $1771-1796 from the last five trading sessions. A mixed instance on Fed policy is keeping prices in a tight range.

    Gold prices are likely to find stiff resistance near $1793-$1814 meanwhile immediate support level could be seen near $1762-$1747.

  • ADVERTISEMENT
  • June 28, 2021 / 03:20 PM IST

    Geojit on Power Mech Projects

    With strong order inflow, diversification to non power segment and increased focus in O&M segment, we expect the company to be in its growth trajectory in FY22.

    Impressive order book and superior execution capabilities will drive earnings growth. Therefore, we reiterate buy rating and value
    the stock at a P/E of 7x FY23E earnings with a target price of Rs 894.

  • June 28, 2021 / 03:15 PM IST

    Hemang Jani, Head Equity Strategy, Broking & Distribution, Motilal Oswal Financial Services

    Dodla dairy, a South based dairy firm, had a strong listing today with 28% premium at Rs 550/share against its issue price of Rs 428/share. The Rs 520 crore issue had seen strong subscription of 45.6 times, given its presence in niche space and decent fundamentals.

    Dodla Dairy is one of the leading dairy firm in Southern India and is the third-largest player in terms of milk procurement per day. It derives about 30% of its revenue from the value added products, the share of which is likely to accelerate going ahead.

    The issue was reasonably priced at 16.4x FY21 P/E vis-à-vis its peers, which also led to strong interest in the counter apart from its presence in niche space. However, the listed companies in this space have not done well so far, thus it needs to be seen how this company performs going ahead.