Nifty, Sensex Will Rise if the US Market Stays Firm- Wednesday closing report
Moneylife Digital Team 29 June 2022
On Wednesday, the indices opened gap down and ended with loss. On the National Stock Exchange (NSE), 822 stocks advanced, 1,220 declined, and 89 remained unchanged with advance decline ratio of 0.67.
The trend of the major indices on Wednesday’s trading are given in the table below:
On NSE, 17 stocks advanced and closed at new 52 week high whereas 33 stocks sunk to close at their new 52-week lows. In sectorial indices Nifty IT and Nifty FMCG were the biggest losers whereas Nifty Oil& Gas and Nifty Metal were the biggest gainers. BSE Midcap underperformed Nifty Sensex and fell 0.70% and BSE Small cap outperformed Nifty Sensex and declined just 0.18%. Rupee closed at another record low of 78.97/$.
GST Council has deferred the proposal to levy 28% GST on casinos, online gaming and lottery. Delta Corp closed 2% higher.
SEBI board has permitted participation of FPIs in exchange traded commodity derivative segment and non-agri commodities. MCX closed in green.
Tata Motors has partnered with Japan’s Renesas to develop chip solutions. The stock closed in red. PVR is set to restart its capex cycle in FY22-23, plans to open 125 screens. The stock closed in red.
MTAR Technologies closed around 8% down on the back of heavy volume and is trading near its 10-month low. The stock has tanked 52% from its 52-week high.
Orient Bell closed 13% higher after Crisil rating upgraded its ratings. SEBI has fined 18 entities in dark fibre case including NSE, its former CEO Chitra Ramkrishna, COO Anand Subramanian. SEBI has imposed a total fine of Rs 43.8 crore on the 18 entities.
Cabinet has approved deregulation of sale of domestically produced crude oil with effect from 1 October 2022. Exports of domestically produced crude will not be permissible. 
Tejas Network closed 4% higher after Renesas Electronics Corporation announced partnership with Tata Motors and Tajas Network to develop and manufacture chip solutions.
Genus Paper closed 5% higher after the company started commercial production of kraft papers at its new unit in Uttar Pradesh.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
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