Stock Market Today 07 July, 2023: Nifty Below 19,450, Sensex Falls 180 Pts

Stock Market Today: Several days of rapid rally in the stock market disappeared today and the Sensex opened the trade with a fall of over 220 points. Apart from this, Bank Nifty is also down and Nifty50 is also seeing a level below 19450. The sentiment for the domestic stock market today has not been very encouraging and the impact has led to a negative opening in the stock market.

How did the stock market begin?

BSE’s 30-share index Sensex opened at 65,559.41, down 226.23 points or 0.34 per cent. Apart from this, NSE’s 50-share index Nifty opened down 74.50 points or 0.38 per cent at 19,422.80.

American market

US markets slipped up to one percent yesterday. US FUTURES are trading flat today. US markets closed lower for the second day in a row. The Dow Jones closed down 366 points. While the Nasdaq closed down by 113 points. The Nasdaq posted its biggest drop since May 2. The S&P 500 index closed down more than 0.75%. Meanwhile, the energy sector was down around 2.5% yesterday. The market is anticipating a rate hike in the US in July. Rates in the US are expected to rise 0.25%.

European markets are moving forward

European markets also fell yesterday after several economic data were released in America. Almost all major indices of the market here closed in the red yesterday. The travel and leisure sector saw a maximum decline of 4%. The FTSE closed yesterday with losses of over 2% and the DAX over 2.5%.

Asian market

Meanwhile, Asian markets are witnessing mixed business today. GIFT Nifty shows decline of 8.50 points. At the same time, the Nikkei is seen around 32,618.88, down about 0.47 percent. At the same time, the straight times showed a weakness of 0.51 percent. The Taiwan market is trading 0.73 percent lower at 16,640.55. While the Hang Seng is seen at the level of 18,313.67 with a decrease of 1.18 percent. At the same time, the Kospi is trading down 1.52 percent. At the same time, the Shanghai Composite was down 0.36 percent at 3,193.92.

Statistics of FIIs-DII

Foreign institutional investors on Thursday traded in the cash market at Rs. 2,641.05 crore was purchased. While domestic institutional investors have invested Rs. 2,351 crore worth of shares were sold. So far this month, FIIs have invested Rs. 8,374 crore and DII has purchased Rs. 3,913 crore has been sold.

How did the market fare on July 6?

Sensex-Nifty closed higher on July 6. Nifty closed higher for the 8th consecutive day today. Sensex, Nifty and midcap indices closed at record highs today. The auto index also closed at a record high today. The Sensex ended the trade up 339.60 points or 0.52 percent at 65785.64. At the same time, the Nifty closed up 98.80 points or 0.51 percent at 19497.30.