The Domestic Benchmark Indices, Sensex And Nifty Fell For The 5th Straight Session. While Weak Global Cues Aid The Fall, Heightened Volatility Acts As A Major Force Behind The Consistent Fall Of The Markets.

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The BSE Sensex shed 617 points, or 0.83 per cent, to close at 73886. The NSE Nifty dropped 216 points, or 0.95 per cent, to settle at 22489.

In today’s trade, 120 Stocks recorded their 52-week high, 53 Stock hit their 52-week low. Further, 218 stocks traded in the upper circuit, while 303 hit the lower circuit.

In the broader market at the BSE, the Mid-Cap index fell 1.21 per cent while the Small-cap index was down by 1.33 per cent.

In the Sensex Index, which is a pack of 30 companies, shares of 23 companies appreciated, and 7 companies declined.
ICICI Bank 1.1 percent, Axis Bank 1 per cent and HDFC Bank 0.7 per cent were the top 3 gainers.

On the other hand, Tata Steel 5.7 per cent, Titan 3.17 per cent and Tech Mahendra 3.15 per cent were 3 major laggards today.
In sectoral indices at the BSE, Except Bank ex which gained half a percent, all 19 sectors registered losses.

Metal Sector declined 2.65 per cent, Consumer Durables and Commodities by 2 per cent Information Technology by 1.97 per cent.

The overall Market breadth was negative. Out of 3917 Companies, the shares of 1190 companies advanced, 2622 declined and 105 remain unchanged.
Wall Street fell on Wednesday amid further gains in Treasury yields and concern over the timing and scale of possible interest rate cuts from the Federal Reserve.

The Dow fell more than 1 per cent and hit its lowest level in nearly a month. All of the S&P 500 sectors ended lower as well.
Nasdaq lost 0.58 per cent, Dow Jones Industrial Average fell 1 per cent and S&P 500 slipped 0.74 per cent.
Gold & Silver prices decreased today. The Precious Metal, for the 5th June 2024 contract, is down by 0.44 per cent and trading at 71,875 Rupees per 10 Grams.

Silver for the 5th July 2024 contract, is down 1.89 per cent today and trading at 94,340 Rupees per KG when reports last came in.
In the Currency Market, the Indian rupee climbed and closed at 83 rupees and 40 paise against the US dollar today. The dollar index, which indicates the US dollar’s strength against a basket of six other leading currencies was down at 104.48 in intra-day trade.
Oil prices are broadly steady in the global crude market, the US data pointing to higher for longer rates was sidelined by inventory numbers displaying strong demand for Crude in the US-led to a slight decline in Brent Crude prices.

Brent crude decreased by 0.12 per cent, to 83.53 dollars per barrel. The U.S. West Texas Intermediate (WTI) marginally increased by 0.06 per cent, to 79.30 dollars per barrel, when reports last came in.

Disclaimer: This press release is sourced from News On AIR, Prasar Bharti and Press Information Bureau India (PIB).

Dilip Soni

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