Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity markets opened with losses on Friday morning. S&P BSE Sensex was down 300 points or 0.55% to sit below 52,750 while the NSE Nifty 50 index shed 100 points and gave up 15,700. Bank Nifty was down in red, just holding above 33,100. India VIX was up with gains, above 22 levels. Tech Mahindra was the top gainer on Sensex, up 0.42%, followed by Asian Paints, and TCS. Titan opened 5% lower but recouped some losses in the minutes after the opening bell. Bajaj Auto, Dr Reddy’s, and M&M were the other laggards.

Reliance Brands, a subsidiary of Reliance Retail Ventures, has forayed into food & beverage (F&B) retailing with a strategic partnership with UK-based fresh food and organic coffee chain Pret A Manger. Under the agreement Reliance will launch and build the global sandwich franchise’s brand in the country, with the first expected to be opened in Mumbai before March 2023. Reliance Brands has a portfolio of brands such as Armani Exchange, Hamleys, Hugo Boss, Hunkemoller, Brooks Brothers, Burberry, Superdry, Scotch & Soda, Reliance Brands today operates 1,937 doors split into 732 stores and 1,205 shop-in-shops in India.

Nifty ended ~5% lower for the month (June) and 9.4% (April-June) lower for the quarter even as FPIs continue to be sellers on almost all days. It closed at the lowest in 4 days on June 30, once again failing to hold on to gains. 15565-15892 could be the band for the Nifty over the next few days,”

In the last four sessions, Nifty has consolidated within a narrow range of 15680-15930. The rollovers in Nifty are at 75 percent which are lower than its last 3 month average while that in Bank Nifty is at 87 percent. Lower rollover in Nifty indicates lesser shorts are rolled to the July series. However, if we look at FII’s index futures data, then they have rolled their short positions and at the start of the July series, they now have 21.8k contracts on the long side and over 1.26 lakh contracts on the short side. Thus their Long Short ratio stands under 15 percent.

Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were staring at a negative start yet again on Friday, as suggested by trends on SGX Nifty. Nifty futures were ruling at 15,721,50, down 58.50 points or 0.4 per cent, on Singaporean Exchange. In the previous session, BSE Sensex fell 8 points to end at 53,019, while Nifty 50 ended at 15780, down 19 points. “The recent pause in the index has derailed the momentum on the broader front as well. And, indications are still mixed so we suggest keeping a check on leveraged positions and waiting for clarity. Apart from the global factors, upcoming auto sales data will also be in focus for cues,”