Stock Market Today Live: Sensex, Nifty dip on neutral sentiments; DLF, Eicher Motors, ITI stocks bleed

Updated on: July 08, 2024, 02.29 PM IST

Stock Market Today Live: The market is overall bullish and Nifty has strong support at 12,050 levels. Stock market experts are advising investors to take every dip as a buying opportunity.

Stock Market Live: On account of neutral global sentiments, foreign institutional investors (FIIs) and domestic institutional investors (DIIs), the Indian indices are trending tepid and below their Thursday closing. The BSE Sensex is down 150 points and trading at 41,155 mark while the 50-stocks Nifty index is down 39 points at 12,098 level. Bank Nifty index shed 67 points and slipped at 31,236 mark.

Speaking on the stock market scenario Simi Bhaumik, a SEBI registered technical equity analyst said, "The market is overall bullish and Nifty has strong support at 12,050 levels. I advise investors to take every dip as a buying opportunity." Bhaumik went on to add that metal and oil manufacturing stocks are expected to remain in the news as they are expected to get a cue from the developments in China and the US.

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  • Share Market Today LIVE: ICICI Prudential APE up 27.6% in June

    Here are some of the key takeaways: 

    • Annualised premium equivalent (APE) up 27.6% at Rs 615 crore
    • New business premium up 14.1% at Rs 1,511 crore
    • New business sum assured up 13.6% at Rs 85,348 crore

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    ICICI Pru shares are down 1.1 per cent at Rs 635.3 apiece at this hour. 

     

  • Share Market Today LIVE | SGX Nifty futures indicate a positive start ahead on Dalal Street

    SGX Nifty futures — an early indicator of the Nifty 50 index — were up 21 points or 0.11 per cent at 18,725 at the last count ahead of the opening bell on Dalal Street.

  • Stock Market LIVE Today | Sensex soars almost 500 pts, Nifty50 surpasses 17,450 in early deals; financial, IT shares top boosts  

    The Sensex gains as much as 495.8 points or 0.8 per cent to 59,405.1 within the first 15 minutes of trade, and the Nifty50 climbs to as high as 17,479.1, up 157.2 points or 0.9 per cent from its previous close. 

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    Here's how the headline indices' intraday charts are building up: 

    Sensex

    Nifty50

     

  • Stock Market LIVE Today | RBI's GDP, inflation projections good news for Dalal Street, says Geojit's VK Vijayakumar 

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    "However, unabated selling by FIIs will act as a major restraint on any potential breakout rally. For a sustained rally in the market, the FII strategy has to change. Indications from the Fed that rates are likely to remain 'higher for longer' are negative for the equity market. This view will change if the disinflationary process underway gathers momentum," he adds. 

  • Tata Motors (up 6%), ITC (up 2%) rise most among eight Sensex gainers

    On the other hand, SBI, ICICI Bank, IndusInd Bank, Axis Bank and Kotak Mahindra Bank are the top laggards.

  • Closing Bell | Sensex takes losses to 1,648 pts in two days, Nifty50 cracks below 17,650

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    The two-day OFS opened on Thursday for non-retail investors. The government will sell 2.5 per cent additional shares via greenshoe option. The OFS was oversubscribed on Thursday at 3.08 times.

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  • Markets LIVE - Nifty Movement on Charts

  • Stock Markets Today: Broader Markets  

    There was stock specific action in the broader markets as well with Escorts, IEX, PNB and Bank of India Banks as top gainers. In the Nifty Mid Cap 100 index, 46 stocks advance against 54 declines. 

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    Source: NSE

  • CLSA on Asian Paints (CMP: 3141) 

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    Maintain Reduce, Target cut to 3425 from 3575 

     

    JP Morgan on Asian Paints (CMP: 3141) 

    Downgrade to Neutral from Overweight. Target cut to 3365 from 3525 

     

    Goldman Sachs on Asian Paints (CMP: 3141) 

    Maintain Neutral, Target 3450 

     

    Morgan Stanley on Asian Paints (CMP: 3141) 

    Maintain Underweight, Target 2674 

     

    HSBC on Asian Paints (CMP: 3141) 

    Maintain Buy, Target 3800 

     

    Jefferies on Asian Paints (CMP: 3141) 

    Maintain Underperform, Target 2530 

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  • Sensex dips 164 points, Nifty went off 39 points, Bank Nifty sustains above 31K

    Stock Market: On account of neutral glboal sentiments and FIIs and DIIs taking neuttral stance on the Indian indices, the Indian share market pluged near 0.35 per cent in the intraday trade session. The BSE Sensex dipped 164 points and closed at 41,141 levels while the Nifty-50 index nosedived 39 points after closing at 12,098 levels. Bank Nifty index crashed 102 points and closed at 31,201 levels.

  • Telecom stocks feel selloff pressure

    Telecom stocks remained under selloff pressure throughout the intraday trade session. Telecom major ITI share price crashed 2.34 per cent, Bharti Airtel shares went down 1.44 per cent, Sterlite Technologies stock price dipped 1.75 per cent, Vindhya Telelinks stocks went off 2.58 per cent, Vodafone Idea went southward 1.16 per cent while Aksh Optifibre nosedived 3.82 per cent.

  • Auto stocks under pressure

    Auto stocks went down near 1.10 per cent in the intraday trade. Auto major Eicher Motors share price crashed 3.58 per cent, Motherson Sumi Systems shares dipped 3.29 per cent, Tata Motors stock price nosedived 2.99 per cent, Mahindra & Mahindra stocks went down 1.97 per cent, Cummins India shares dipped 1.76 per cent but Ashok Leyland share price skyrocketed 3.46 per cent.

  • Real estate stocks bleed

    Real estate stocks led the bear to take a grip on Indian indices as the BSE Realty index went down 1.82 per cent. Realty major DLF share price crashed 4.39 per cent, Prestige Estates Projects shares dipped 2.57 per cent, Sobha stock price went down 1.53 per cent, Oberoi Realty stocks went off 0.80 per cent while Sunteck Realty shares slipped near 0.50 per cent in the intraday trade.

  • Metal stocks in focus

    In the metal sector, Hindalco Industries share price 1.91 per cent, National Aluminium Company or NALCO shares scaled 1.12 per cent, Vedanta and Hindustan Zinc stocks scaled near half per cent while JSW Steel stocks appreciated 0.9 per cent.

  • Healthcare stocks led the Bull Run

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  • Shares of SBI, Tata Motors, Reliance Industries or RIL, Yes Bank, Aurobindo Pharma, IndusInd Bank and Tata Steel are among the most trending stocks in the intraday trade while shares of Indiabulls, Hero MotoCorp, Tata Motors and Piramal Enterprises are among the most active stocks in the intraday trade session.

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