Stock Market Today: The continuous growth process of the Indian stock market is seen to stop today and the Sensex started to slow down today. Although the Sensex and Nifty opened with green signs of growth in the market opening, both the important indices slipped to the downside as soon as the market opened. Although Bank Nifty has opened above 45100, it has started in red mark.
How was the start of the market?
Domestic bourses opened on a modest note with BSE’s 30-share index Sensex opening marginally higher by 14.63 points at 65,493.68. On the other hand, NSE’s 50-share index Nifty opened marginally higher by 16.95 points at 19,405.95. At the same time, the Sensex and Nifty slipped into the red in the opening minutes, soon after opening at the green mark.
US market
The global market is getting dull signals. Not much action in US futures. American markets were closed yesterday on the occasion of Independence Day in America. The US Fed minutes will be released later tonight. The market is keeping an eye on this. Fed Chairman Powell has signaled a rate hike. Jerome Powell signaled two additions this year. On the other hand, Iran has joined the Shanghai Corporation Organization.
European market
European markets closed marginally higher on Tuesday. The pan-European Stoxx 600 closed up 0.1 percent after a day of dull trading. Healthcare and tech stocks rose 0.5 percent. While banking shares fell by 0.6 percent.
Gift Nifty
GIFT Nifty shows signs of a flat opening for the broader index with a gain of 19.50 points on Wednesday. GIFT Nifty Futures are displayed on 19513.
Crude oil at high levels
Crude oil prices have increased by 2 percent in a day. Brent price has crossed $76 per barrel. At the same time, the price of WTI exceeded $71. Russia and Saudi will cut production in August. Algeria will also cut production in August. Saudi will cut production by 1 million BPD. Also, Russia will reduce exports by 5 lakh BPD.
Statistics of FII and DII
On July 4, foreign institutional investors poured into the Indian markets Rs. 2134.33 crore was purchased. Local institutional investors on the day made Rs. 785.48 crores were sold.
Shares falling under F&O restriction on NSE
05 Jul 1 Stock Indiabulls Housing Finance F&O is under ban on NSE. Let us tell you that if the position in the securities exceeds their market wide position limit, the stocks included in the F&O segment are placed in the restricted category.
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