Gold rate today: Yellow metal's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 97,967 per 10 grams today.
Dalal Street fell for the fourth straight session on July 14, dragged down by global tariff tensions and profit booking as investors offloaded their holdings.
Laggards on the Nifty included Bajaj Finance, Infosys, Tech Mahindra, Bajaj Finserv, and Tata Motors.
Foreign Portfolio Investors (FPIs) offloaded Indian equities worth Rs 5,104 crore on Friday, turning net sellers for the day.
Jio Financial, Bajaj Finance, Tech Mahindra, Infosys, Asian Paints were among major losers on the Nifty, while gainers were Eternal, Titan Company, IndusInd Bank, ONGC, SBI Life Insurance.
Next week is data-heavy, with markets bracing for key Chinese economic indicators as well as US inflation, retail sales, and consumer sentiment data, for insights into the monetary policy outlook.
Except FMCG (up 0.5 percent), pharma (up 0.7 percent), all other sectoral indices ended in the red with auto, IT, media, oil & gas, consumer durables, capital goods, realty, telecom down 1 percent each.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 97,252 per 10 grams today.
Experts advise that investors adopt a cautious “wait and watch” stance in the current environment, that is marked by uncertainty and elevated volatility.
India VIX edged up 2.14 percent to 11.92, indicating a mild rise in market volatility.
India VIX cooled further, down about 1 percent, reflecting muted investor fear and favours a slow, grinding market rather than volatile price swings.
In the previous session, equity indices came under pressure amid heightened volatility associated with the weekly derivatives expiry.
Biggest Nifty losers were TCS, Bajaj Auto, M&M, Hero MotoCorp, Wipro, while gainers were HUL, SBI Life Insurance, Kotak Mahindra Bank, Axis Bank, IndusInd Bank. BSE Midcap and smallcap indices shed 0.6 percent each. Except FMCG (up 0.5 percent), pharma (up 0.7 percent), all other sectoral indices ended in the red with auto, IT, media, oil & gas, consumer durables, capital goods, realty, telecom down 1 percent each.
Nearly 140 stocks on the BSE touched their 52-week highs, including Glenmark Pharma, UTI AMC, Krishna Institute of Medical Sciences, Laurus Labs, UltraTech Cement, SRF, LT Finance, Navin Fluorine, among others
Volatility remained subdued as India VIX slipped over 2 percent to 11.68. Experts note that it continues to stay well below the psychological mark of 15, indicating a sense of calm and stability among investors.
Gold rate today: Yellow metal's August contracts on the MCX opened at Rs 96,548 per 10 grams on July 10.
The broader markets slipped into the red with the Nifty Midcap 100 falling for a fifth consecutive session
India VIX rose 1 percent but remained well below its psychological threshold of 15. The continued low volatility environment indicates subdued fear in the market in the near term.
In the previous session, the markets ended lower amid selling in IT and oil & gas stocks, as participants grew cautious ahead of the earnings season and the anticipated trade announcement.
Bharti Airtel, HDFC Life, Asian Paints, Apollo Hospitals, Shriram Finance were among major losers on the Nifty, while gainers were IndusInd Bank, Maruti Suzuki, Tata Steel, Bajaj Finance, Bajaj Finserv.
On 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.
Equity frontline indices Nifty 50 and Sensex have been consolidating for the past nine sessions, as investors look for fresh triggers to guide buying and selling activity.
According to experts, market participants should avoid complacency, instead maintain their focus on stock selection, as sectoral participation continues on a rotational basis.
The pharma sector will be in focus on July 9, after Donald Trump said that he would make an announcement on pharmaceuticals tariffs soon.
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.