Sensex, marginally superior skillful end; Profit from bank shares
Mumbai, July 3 () Benchmarks on equity Sensex and Nifty ended modestly on Wednesday after an unstable session, as investors awaited the Union Budget for more information.
Extending their earnings for the third session, the BSE Sensex of 30 shares resolved 22.77 points, or 0.06 percent, higher at 39,839.25. Similarly, the broader Nifty NSE increased 6.45 points, or 0.05 percent, to 11,916.75.
Investors are keeping their gunpowder dry before the 2019-20 Budget, which will be presented on Friday, and expect measures to stimulate growth and reactivate demand, operators said.
The risk sentiment was also affected after the data showed that the activity of the country's service sector in June contracted for the first time since May 2018.
The main winners in the Sensex package included IndusInd Bank, ITC, Lu0026T, Mu0026M, PowerGrid, Asian Paints and SBI, which ended up 3.79% more.
On the other hand, Tech Mahindra, Vedanta, Infosys, Yes Bank, Tata Motors, TCS, HCL Tech and Maruti were the main losers, with a loss of up to 1.44%.
Global stocks became nervous after the optimism surrounding the trade truce between the United States and China was countered by the Trump administration proposing the imposition of tariffs on certain EU imports.
The market will be volatile before the big event and the profit reserve is natural at this high level. However, the underlying trend of the markets seems positive in the expectation of a revival in growth led by actions to boost infrastructure, investments, housing and provide relief to rural areas. anguish.
A stimulus on safe haven assets indicates the fear of investors in the global market and the FII are in off-risk mode, said Vinod Nair, Research Director of Geojit Financial Services.
Sectorally, the indices of real estate, capital goods, energy, consumer goods, consumer goods, industry, energy and finance ended up 0.76% more.
The costs of IT, consumption, consumer durables, health, automobiles and public services were reduced to 0.86 percent.
The broader medium and small capitalization indexes increased to 0.26 percent.
The stock markets in Shanghai, Hong Kong, Tokyo and Seoul ended on a negative note, while stock markets in Europe were trading in the green in the early session.
Meanwhile, Brent crude futures, the world benchmark for oil, rose 0.82 percent to USD 62.91 per barrel after the OPEC bloc signed a pact to extend production cuts for nine years. months On the currency front, the Indian rupee was trading at 68.93 against the US dollar per day. ANS ABM ABM