09 Jun , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading nearly half a per cent on Thursday, a day of weekly F&O expiry. BSE Sensex was hovering around 54700, while NSE Nifty 50 was ruling below 16300. Asian Paints, HCL Tech, Nestle India, Tata Consultancy Services (TCS), Hindustan Unilever Ltd (HUL), Titan Company, Wipro were among top BSE Sensex draggers. Dr Reddy’s Laboratories, Reliance Industries Ltd (RIL), NTPC were the only index gainers, that capped the losses. Nifty Bank index fell 0.6 per cent to trade at 34,735 on weekly futures and options contracts expiry day.
BSE Sensex and NSE Nifty 50 were ruling weak on the day of weekly F&O expiry. So far in the session, BSE Sensex hit a day’s low of 54,507.41, while NSE Nifty 50 touched 16,243.85. On the S&P BSE Sensex, no stock hit a fresh 52-week high or 52-week low. While on BSE Sensex, a total of 47 stocks rose to their respective 52-week highs.
In India, the near-term texture of the market is 'sell on rallies'. FPI's sustained selling has become almost predictable. Only a declining inflation rate in the US and the possibility of the Fed turning less hawkish than now can change the trend of FPI selling. FPI selling in banking stocks has led to depressed valuations in this segment, particularly in high quality banking majors. This is an opportunity for medium- long- term investors.
Nifty 50 index opened positive on Wednesday but witnessed pressure at higher zones and slipped down to 16300 zones which was followed by a recovery of more than 200 points. However, it gave up all its intraday gains and drifted lower in the second half of the session to close with losses of around 60 points. It formed a Bearish candle on the daily scale and has been making lower lows from the last three sessions.
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