NIFTY moved up by ~12% to 17957 post our anti consensus 19066 NIFTY target call on 13th July. , 12:24:07 PM IST Prabhudas Lilladher views on Nifty: Look beyond near-term volatilityĪmnish Aggarwal – head of research, Prabhudas Lilladher Pvt Ltd: “FII flows turned positive with strong rebound in markets in past few weeks. The Shanghai Composite Index added 0.6% but Hong Kong's Hang Seng Index ended 0.6% lower.Įuropean shares fell on Monday with major regional markets in the red as investors fretted about hawkish signals from European Central Bank policymakers. The Nikkei share average fell 0.47%.Ĭhina shares rose on Monday after cuts in benchmark lending rates and a lowering of the mortgage reference by a bigger margin to revive the property market. Japanese shares closed lower with tech heavyweights leading the decline after Wall Street fell at the end of last week. A modest easing of interest rate by China served as the only positive highlight of the day. Meanwhile, in Asia, shares slipped overall on Monday amid global concerns over central banks raising interest rates and a fear of recession in China. Tata Steel lost more than 4% and Asian Paints, Adani Ports, Tata Motors, Divi's Laboratories and JSW Steels each lost more than 3%. FMCG tried to remain afloat throughout the day but gave up towards the end of the session to be on the negative side.Īmong stocks, ITC, Nestle India and Tata Consumers were among the few stocks that gained. Metal, Auto, IT, and Bank indices led the race to the bottom.
Nifty ended below 17,500 points with an overall loss of 267 points.Īll sectoral indices ended in the red. Sensex lost 872 points to close at 58,773.
Indian benchmark indices reacted sharply to the piling negative global cues and sank around 1.5% on Monday. , 03:50:55 PM IST Sensex and Nifty closed below 58,800 and 17,500, respectively, shedding almost 1.5% on Monday
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