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Sensex Ends 306 Points Lower, Nifty Slips Below 16,650; Auto & Energy Stocks Witness Selling
Mon, 25 Jul Closing

Sensex Ends 306 Points Lower, Nifty Slips Below 16,650; Auto & Energy Stocks Witness Selling

Indian share markets retreated on Monday from their longest winning streak since last October, ending on a weaker note.

Benchmark indices ended lower in the volatile session as bluechip companies reported their Q1 results over the weekend.

At the closing bell, the BSE Sensex stood lower by 306 points (down 0.6%).

Meanwhile, the NSE Nifty closed lower by 88 points (down 0.5%).

Tata Steel, IndusInd Bank, and Asian Paints were among the top gainers today.

M&M, Reliance Industries, and Maruti Suzuki, on the other hand, were among the top losers today.

Reliance Industries share price fell after it reported lower than expected net profits in the June 2022 quarter.

The SGX Nifty was trading at 16,619, down by 107 points, at the time of writing.

The broader markets ended on a mixed note. The BSE MidCap index ended on a flat note while the BSE SmallCap index ended lower by 0.1%.

Sectoral indices ended on a mixed note today with stocks in the energy sector, auto sector, banking sector, and realty sector witnessing most of the selling.

On the other hand, stocks in the metal sector and utilities sector witnessed most of the buying.

Shares of ITC and Adani Enterprises hit their 52-week highs today.

Since you're interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Also, check out the 4 stocks with high level of insider buying.

Reliance Industries, HDFC Bank, and Tata Steel were amongst the most active shares on the BSE today.

If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.

Asian share markets ended on a weak note today following losses on Wall Street, with traders looking ahead to a Federal Reserve policy meeting later in the week, amid the economic slowdown fears.

The Nikkei ended the day down by 0.8%, while the Hang Seng inched lower by 0.2%. The Shanghai Composite ended 0.6% lower.

Restricting the fall in rupee, it is trading at 79.71 against the US$.

As the rupee depreciates, check out these five companies which stand to gain big from a weakening rupee.

Gold prices for the latest contract on MCX are trading up by 0.1% at Rs 50,702 per 10 grams.

Meanwhile, silver prices for the latest contract on MCX are trading down by 0.2% at Rs 55,047 per 1 kg.

Of late, gold price is falling while silver isn't far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.

Speaking of stock markets, India's #1 trader Vijay Bhambwani believes that Asia will lead the stock market recovery.

Indian share markets have been falling in 2022, raising the questions like - when will the markets recover? Which geographic location will lead this recovery?

Vijay answers all these questions in his latest video for Fast Profits Daily.

Tune in to find out more:

In news from the infra sector, Larsen & Toubro is selling eight operational road assets and a power transmission project to Edelweiss Infrastructure Yield Plus, a fund managed by Edelweiss Alternative Asset Advisors.

As reported in The Economic Times, the deal was signed earlier this month at an enterprise valuation of Rs 70 bn.

The financial daily also reported that the company is awaiting regulatory approvals from the National Highways Authority of India and the market regulator.

The report added that the latest move is part of L&T's asset-light strategy of exiting several non-core assets.

In other news, the real estate development arm of L&T signed agreements to jointly develop projects worth Rs 80 bn in Mumbai as part of its expansion plan.

L&T Realty said this is a part of the company's larger plan to strengthen its footprint in major metros by adding around five million square feet per year over the next five years.

In other news from the infra space, Ahluwalia Contracts bags three orders cumulating to Rs 11.3 bn.

The orders have been awarded by different entities like the Government of Assam, National Buildings Construction Corporation, and Alborz Developers.

Post the announcement, Ahluwalia Contracts share price ended 2.9% higher on the BSE today.

Speaking of infra stocks, have a look at the chart below to see how the infra index has performed over the years:


The increased capex plans, backed by government's announcements on the production linked incentive (PLI) schemes have pushed the index higher in the past one year.

Global supply chains are shifting away from China and India is a key beneficiary of that trend.

Moving on to stock specific news, Zomato was among the top buzzing stock today.

Zomato share price were under heavy sell-off pressure as one year's lock-in for nearly 78% paid up capital of the food chain platform ended today.

Zomato shares crashed in early morning deals on Monday and went on to breach its lifetime low of Rs 50.1 apiece, later making another record low of Rs 47.5 within few minutes of stock market's opening bell today.

Zomato share price ended 11% lower on the BSE today.

Note that Zomato share prices is falling after staging a strong debut on the bourses as the company struggles to post positive bottomline figures.

However, these mutual fund schemes have invested in beaten down stocks like Zomato and Paytm.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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