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Stock,Share Market News Today: Indices erase their day’s gains, end a tad lower; Sensex slips 100 points

Share Market News, Sensex, Nifty, Share Prices Updates, 5 July 2022 Tuesday: The S&P BSE Sensex fell 100.42 points (0.19 per cent) to end at 53,134.35 while the Nifty 50 slipped 24.50 points (0.15 per cent) to settle at 15,810.85.

By: Express Web Desk | New Delhi |
Updated: July 5, 2022 4:22:10 pm
stock market, bse sensex, share marketBSE in Mumbai. (Express photo by Ganesh Shirsekar)

Sensex, Nifty, Share Prices Today: The benchmark equity indices on the BSE and National Stock Exchange (NSE) erased their day’s gains to end marginally lower on Tuesday following a selloff in the last hour of trade.

The S&P BSE Sensex fell 100.42 points (0.19 per cent) to end at 53,134.35 while the Nifty 50 slipped 24.50 points (0.15 per cent) to settle at 15,810.85. Both the indices had opened over 0.5 per cent earlier in the day and rose as much as 1.2 per cent in the intraday session.

On the BSE benchmark, ITC, Wipro, Mahindra & Mahindra (M&M), Larsen & Toubro (L&T), Maruti Suzuki India and IndusInd Bank were the top laggards on Tuesday. On the other hand, Power Grid Corporation of India, Bajaj Finserv, Hindustan Unilever (HUL), Sun Pharmaceutical Industries, Reliance Industries (RIL) and Tata Steel were among the top gainers.

Among sectors on NSE, Nifty Media fell 0.90 per cent, Nifty IT declined 0.70 per cent, Nifty Bank slipped 0.37 per cent and Nifty Auto inched 0.36 per cent lower on Tuesday.

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In the broader market, the S&P BSE MidCap index slipped 77.61 points (0.35 per cent) to end at 21,959.55, while the S&P BSE SmallCap settled at 25,003.90, up 49.36 points (0.20 per cent).

“Domestic market had started strong by extending its yesterday’s gains supported by strong macro numbers but global bourses opened weak impacting to close with marginal losses. The current trend in the global market indicates that the uncertainties around recession and tightening monetary policy continues to haunt investors’ confidence. Dollar index opened sharply high affecting the performance of emerging currencies, depreciating INR,” said Vinod Nair, Head of Research at Geojit Financial Services.

Global market

Shares declined Tuesday in Europe after an upbeat session in Asia, while Wall Street futures slipped ahead of the reopening of US markets from the Independence Day holiday.

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Benchmarks also fell in Paris, London, Frankfurt and Shanghai. But stocks gained in Tokyo, Seoul and Hong Kong.

The war in Ukraine and its impact on energy supplies are casting a shadow over the global economic outlook at a time when central banks are raising interest rates to slow inflation.

Germany’s DAX fell 1.1 per cent to 12,630.86 while the CAC 40 in Paris lost 1.2 per cent to 5,885.94. Britain’s FTSE 100 declined 1.3 per cent to 7,135.52. The future for the S&P 500 was 0.6 per cent lower while that for the Dow industrials fell 0.5 per cent.

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Japan’s benchmark Nikkei 225 added 1.0 per cent to finish at 26,423.47. South Korea’s Kospi jumped 1.8 per cent to 2,341.78. In Hong Kong, the Hang Seng gained 0.1 per cent to 21,856.85. The Shanghai Composite was little changed, losing less than 0.1 per cent to 3,404.03.

-global market input from AP

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First published on: 05-07-2022 at 09:39:01 am

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