03 Aug Closing Bell: Sensex and Nifty extend losses on grim sentiment, Reliance shares hit a new high

Indian share Markets extended its loss on Thursday closing after continuous selling pressure in metal and banking stocks. BSE Sensex closed lower by 239 points, or 0.74%, to 32,238, while the Nifty 50 fell 68 points to 10,014 points.

The BSE Mid-Cap index fell 0.5 percent and the BSE Small-Cap index shed 0.95 percent. The fall in this index was higher than the Sensex's decline in percentage terms.

The market breadth showed weakness. About 1,793 shares declined and 827 shares advanced and a total of 153 shares unchanged. Reliance shares ended at new record closing high of Rs 1,655, up 1.6% after hitting an intraday peak of Rs 1,665.

Metal stocks declined after weak economic data in China. Jindal Steel & Power down 10.02%, Bhushan Steel slipped 3.65%, Vedanta shed 0.48% and Tata Steel down 1.4% among others.

RBI rate cut fails to cheer markets, Nifty ends below 10,100

The Sensex and Nifty ended lower after the RBI cut repo rate by 25 bps to 6%, the lowest since November 2010. Both the Indices had hit their highs of 32686 and 10137, respectively at open.   The repo rate cut came after a fall in food prices sent June consumer inflation to a more than 5-year low of 1.54 percent.
On Closing, the BSE Sensex declined 98.43 points at 32,476.74, while the Nifty50 index lost 33.15 points at 10,081.50.  The breadth, showing the overall vigor of the market was negative. On the BSE, 1595 shares declined and 1063 shares advanced and a  total of 175 shares were unchanged.
Ambuja Cements, NTPC and Adani Ports gained the most on Sensex and Nifty, while Indiabulls Housing, BHEL, Dr Reddy’s were the top losers.
Overseas, European markets edged lower since energy shares pulled back after a drop in oil prices, while Asian markets ended mixed after Asian technology stocks hit 17-year highs.

Sensex, Nifty ended lower; broader markets outperforms, ICICI drags

The key indices  Sensex and Nifty ended the session on a negative terrain in a volatile trade, The BSE Sensex went down 8.21 pts at 31,137.59, while the NSE Nifty-50 index ended 5.15 pts lower at 9,616.10.  The market breadth was positive with 1413 advancing shares against a decline of 1262 shares, and there were 178 shares unchanged. BSE Midcap and BSE Smallcap index outperformed, BSE Midcap index was up 0.48 percent, while BSE Smallcap index rally above 1 percent.
Auto, Capital Goods, Consumer Durables, FMCG, Healthcare, and IT index showed the positive strength, while BANKEX, Bank Nifty, Metals, Oil & Gas, PSU, and Teck were down
Today.
Adani Ports was the star performer on both indices today, along with HUL, Larsen, Sun Pharma, and IT, while, Vedanta, ICICI Bank, Hindalco, ONGC, and Tata Steel were losing sheen.