new delhi, july 8
The stock market remained rangebound on Tuesday, weighed down by persistent uncertainty surrounding the India-US trade deal.
The Sensex opened 55 points lower at 83,387.03, compared to its previous close of 83,442.50, while the Nifty 50 started 33 points down at 25,427.85, against its previous close of 25,461.30.
By the end of the session, the Sensex gained 270 points, or 0.32%, to close at 83,712.51. The Nifty 50 settled with a gain of 61 points, or 0.24%, at 25,522.50. A total of 128 stocks touched their 52-week highs, while 51 stocks hit 52-week lows.
Among the top gainers were Apollo Hospitals Enterprise Ltd, Divi’s Laboratories Ltd, JM Financial Ltd, Laurus Labs Ltd, Navin Fluorine International Ltd, and SRF Ltd.
Conversely, Protean eGov Technologies Ltd, SpiceJet Ltd, Alacrity Securities Ltd, Dreamfolks Services Ltd, Jindal Worldwide Ltd, PVP Ventures Ltd, and V R Films & Studios Ltd were among the key stocks hitting their lows.
Sector-wise, Realty and Private Bank indices outperformed, while IT and Oil & Gas also contributed positively. On the other hand, Auto, Pharma, Media, and Consumer Durables witnessed selling pressure. Kotak Mahindra Bank rose over 3% after posting a stable performance in its June quarter business update, indicating steady momentum.
Among the major losers, Titan Company slumped 6.1% to ?3,441 apiece, following a lacklustre June quarter update that disappointed investors.
Kirloskar Brothers, Angel One, Godfrey Phillips India, Aurobindo Pharma, Jubilant Pharmova, and 67 other stocks ended the session with losses ranging from 1.7% to 5%.
Shares of BSE Ltd fell 6% amid concerns over a decline in derivative volumes after market regulator SEBI imposed a ban on Jane Street.
PC Jeweller Ltd plunged over 9% intraday as both NSE and BSE placed the stock under the short-term Additional Surveillance Measure (ASM) framework. This ended its five-day winning streak.
Global stocks mostly edged higher as markets appeared to shrug off renewed tariff pressure from former U.S. President Donald Trump.
Germany’s DAX gained 0.2% to close at 24,112.38, while Britain’s FTSE 100 edged up 0.2% to 8,822.09. France’s CAC 40 dipped slightly by 0.1% to 7,716.19.
In Asia, Japan’s Nikkei 225 rose 0.3% to 39,688.81, and South Korea’s Kospi jumped 1.8% to 3,114.95.
