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Share Market Today: Sensex, Nifty End Lower Dragged By FMCG, Power, Capital Goods Stocks; FPIs Stay Net Buyers

Share Market Today: Sensex, Nifty End Lower Dragged By FMCG, Power, Capital Goods Stocks; FPIs Stay Net Buyers
A bronze bull statue at the entrance to the Bombay Stock Exchange in Mumbai.(Photographer: Dhiraj Singh/Bloomberg)
3 years ago
Asian equities advanced on Monday with support from the biggest weekly gain in U.S. stocks since June and China's policy shifts on Covid and property.

European stocks opened on a positive note on the back of a boost from key U.S. inflation figures last week.

The broader indices outperform their larger peers with MidCap losing 0.13% while SmallCap gaining 0.21%.

Twelve of 20 the sectoral measures complied of BSE declined with BSE FMCG, telecommunication, consumer goods losing over 0.60%.

The market breadth is skewed in the favour of bears. About 1,702 stocks rose, 1797 fell and 177 remained unchanged.

WPI inflations falls to 8.39% in October 2022 compared to 10.7% in September.

Source: Office of the Economic Adviser

The broader indices underperform their larger peers with MidCap losing 0.29%, while SmallCap almost mirrored its large peers by declining 0.07%.

Eight of 19 the sectoral measures complied of BSE advanced with BSE Metal, gaining over 2%.

The market breadth is skewed in the favour of bulls. About 1,539 stocks rose, 1281 fell and 142 remained unchanged.

Yield on the 10-year bond rose 1 bps to 7.31% in early trade.

Source: Bloomberg

Indian currency appreciated by 27 paise to 80.55 at the open against the greenback on Monday. It closed at 80.82 on Friday.

Source: Bloomberg

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  • U.S. Dollar Index at 106.74

  • U.S. 10-year bond yield at 3.89% on Friday

  • Brent crude up 0.71% to $96.67 per barrel

  • Nymex crude at $89.60 per barrel

  • SGX Nifty up 0.28% to 18,488 as of 6:15 a.m.

  • Bitcoin fell 0.82% to $16,231.

For the full list of earnings to watch, click here.

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