Biggest Nifty losers included Tata Steel, HCL Technologies, Hindalco Industries, Apollo Hospitals, Tech Mahindra, while gainers were Shriram Finance, Bajaj Finance, HUL, UltraTech Cement, Coal India. In the sectoral front, Metal, Realty and Oil & Gas indices down 1.4 percent each, media, IT, PSU Bank down 0.5 percent each, while FMCG, auto, Consumer Durables up 0.3-0.8 percent. The BSE midcap index was ended flat, while smallcap index added 0.5 percent.
In June, a total of 10 SME IPOs saw an over-subscription in excess of 100 times each, with four of those clocking subscription well-above 200 times.
The mini trade deal between India and US will likely be announced today by 10 pm, according to reports, giving investors something to cheer.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 97,172 per 10 grams on July 8.
Trump mentioned that the US is close to making a trade deal with India. Experts say that if the India-US trade deal is announced, Indian markets will experience a relief rally.
India VIX, also known as the fear gauge, slipped 1 percent and remained below 15 levels, signalling reduced fears in the market.
In the previous session, Indian equities remained range-bound as traders stayed cautious ahead of fresh triggers such as trade deals and Q1 earnings.
Closing Bell | Among sectoral laggards, Nifty Consumer Durables was the top loser, falling over 2 percent. Nifty Pharma, Auto, and FMCG also traded lower. On the gaining side, Nifty Private Bank rose 0.5 percent, followed by Nifty IT and Nifty Realty, which ending in the range of 0.3 to 1 percent.
Nearly 150 stocks on the BSE touched their 52-week highs, including Glenmark Pharma, LT Finance, Apollo Hospitals, Navin Fluorine, EID Parry, Fortis Healthcare, Laurus Labs, Muthoot Finance, Ramco Cements, Kama Holdings, among others.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 96,485 per 10 grams on July 7.
While the domestic equity market has risen over the past few months, experts note that it has still experienced both time and price corrections from its lifetime highs.
According to experts, a large portion of the rally was supported by growing expectations that global central banks would begin easing policy rates.
SEBI’s recent actions and public statements indicate a clear intent to prioritise market stability and investor protection, even if it means imposing stricter controls on sophisticated market participants, said Hedged's Rahul Ghose.
The broader market, represented by the Nifty Midcap and Smallcap 100 indices, slipped for a second session in a row. This comes after a solid seven-session rally.
India VIX, the barometer to assess market anxiety, flared up 3 percent to indicate rising unease among investors.
Both FIIs and DIIs turned net sellers on July 4, offloading shares worth Rs 760 crore and Rs 1,028 crore, respectively.
Nifty Midcap index down 0.27 percent, while smallcap index down 0.4 percent. Among sectors, FMCG index rose 1.6 percent, oil & gas index gained 0.4 percent, while media index down 1 percent, IT and Metal index down 0.7 percent each. Tech Mahindra, Bharat Electronics, UltraTech Cement, ONGC, Eternal were among major losers on the Nifty, while losers were HUL, Tata Consumer, Nestle India, Jio Financial and Eicher Motors.
In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.
Looking ahead, oil prices may come under pressure as OPEC+ agreed to a larger-than-expected production increase of 5,48,000 barrels per day for August, well above the 4,11,000 bpd added in each of the past three months.
Bajaj Finance, Infosys, Dr Reddy's Labs, ICICI Bank, HUL were among major gainers on the Nifty, while losers included Trent, Tata Steel, Eicher Motors, Tech Mahindra and IndusInd Bank.
Traders should book partial profits during rallies and using tight trailing stop-losses, which will help manage risk effectively, suggested experts.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 96,735 per 10 grams on July 4.
Sensex and Nifty remained under pressure for a third day as SEBI’s ban on Jane Street and the India-US trade deadlock weighed on investor sentiment, with pharma stocks shining amid otherwise mixed sectoral trends.
Experts suggested that in the current environment of mixed cues, traders are advised to adopt a cautious "buy-on-dips" strategy.
Experts said that early signs of fatigue have started to show as the Nifty 50 index is struggling to maintain its gains at higher levels.