Stock Market Today: Sensex, Nifty Resume Advances As RIL, Airtel Lead; FPIs Stay Net Buyers
Sensex closed up 64 points or 0.10% at 65,344.17 while Nifty was 24 points or 0.12% higher at 19,355.90.
KEY HIGHLIGHTS
FPIs Stay Net Buyers
Overseas investors in Indian equities remained net buyers for the ninth day in a row on Monday.
Foreign portfolio investors mopped up stocks worth Rs 588.48 crore, according to data from the National Stock Exchange.
Domestic institutional investors snapped their five-day selling streak to turn net buyers of equities worth Rs 288.38 crore, the NSE data showed.
Foreign institutions have net bought Rs 22,815 crore worth of equities so far in July. They have been net buyers of Rs 99,222 crore worth of Indian equities in 2023, according to data from the National Securities Depository Ltd. updated till the previous trading day.
Yield On The 10-Year Bond Ends Marginally Lower
The yield on the 10-year bond closed marginally lower at 7.13% on Monday. It closed at 7.16% on Friday.
Source: Bloomberg
Rupee Strengthens Against The U.S. Dollar
The local currency strengthened 16 paise to close at 82.58 against the U.S dollar on Monday.
The local currency closed at 82.74 on Friday.
Source: Bloomberg
Reliance Industries Ltd., Bharti Airtel Ltd., Tata Steel Ltd., JSW Steel Ltd., and Kotak Mahindra Bank Ltd. were the positively adding to the change in the Nifty 50 Index.
Whereas, TCS Ltd., Hindustan Unilever Ltd., Titan Co., HCL Technologies Ltd., and Axis Bank Ltd., and were negatively adding to the change.
The broader market indices underperformed the larger peers; the S&P BSE MidCap Index was down 0.45%, whereas S&P BSE SmallCap Index was 0.26% lower.
Fifteen out of the 20 sectors compiled by BSE declined with S&P BSE Consumer Durables falling the most. Five sectors advanced with S&P BSE Metal as the leader.
The market breadth was skewed in the favour of the sellers. About 1,487 stocks rose, 2,191 declined, while 152 remained unchanged on the BSE.
Adani-Hindenburg PILs: SEBI Submits Affidavit To SC On Expert Committee's Recommendations
SEBI details its existing Enforcement Policy in response to committee's suggestions on regulatory/prosecution proceedings.
Says regulatory action is always basis of existing securities law.
New facts which were previously unknown are also actioned against basis existing framework.
Source: SEBI affidavit
