On the third trading day of the week, the country’s major stock market again showed in a state of pressure. Since morning, there is a situation of fluctuations in Sensex and Nifty. At 3:12 pm, the Sensex is trading at 83,552.94 with a decline of 160 points, while the Nifty also fell by 42 points to 25,480.50.
The invisible pressure behind this stable session is working which has held technology, metal and real estate areas.

How was the sector landscape?

• There was heavy pressure in technical, metal and realty sectors.


• HCL Tech, Tata Steel and L&T declined by about 1%.


• On the other hand, defensive shares such as Asian Paints and HUL saw a jump up to 1.4%.


• The Nifty had a rise in 26 of the 50 shares, but the IT, banking and finance sector had to face pressure.


• Auto, FMCG and Pharma sectors gave some comfort.

Mixed signs from global markets

• Asian Markets: Nikkei and Kospi had a slight increase, Hang Seng fell by about 0.74% and Shanghai composite increased by 0.29%.


• American Market: Dow Jones closed down 0.37%, Nasdac was stable with a slight increase, while S&P 500 also saw small changes.

FII -DII stance

• On July 8, foreign institutional investors (FII) did short -selling ₹ 26.12 crore.


• Domestic institutional investors (DII) alternatively bought ₹ 1,366.82 crore, which led to the balance of the market.


• In June, in the month of June, FII had a net purchase of ₹ 7,488.98 crore and DII ₹ 72,673.91 crore.

Glimpse of last trading day

• On July 8 (Tuesday), the Sensex touched 83,713 points with a gain of 270 points, while the Nifty had a 61 -point jump.


• After a 6% decline in Titan, Kotak Bank had a strength of 4%.


• Zomato, NTPC and Asian Paints also showed good businesses.

Future path and suggestions

Markets are currently amid pressure and uncertainty of direction. IT and metal sector weakness shows that investors are becoming cautious. The announcement of TCS Q1 results and dividends can bring a new stir in this mahalaul.

Investor advice: In this ‘peace before the storm’, keep an eye on the defensive sectors (FMCG, Pharma), balance the portfolio and remain in ‘standby mode’ till the quarterly results.

Disclaimer:

This news and analysis is presented only for the purpose of general information and awareness. The angular details, figures and suggestions mentioned in it are not guaranteed or financial advice of investment under any circumstances. The market can be unstable and all the responsibility of profit and loss from it will only be their own responsibility. Be sure to consult a certified financial advisor or specialist before investing.