Market settles with modest gains amid volatility, Nifty ends at 10,070

Trading for the weekend finished on a positive note with the indices settling with modest gains after a volatile and range bound session of trade. The BSE Sensex gained 87.53 points or 0.27% at 32,325.41, while the NSE Nifty index rose 52.75 points or 0.53% at 10,066.40.  Caution continued in global stocks ahead of US nonfarm payroll data for July, which falls presentation later in the global day.
The BSE MidCap rose 0.66 percent outperforming the Sensex, whereas the BSE SmallCap index gained 0.1 percent, underperforming the Sensex.  About 1385 shares declined and 1,200 shares advanced and a total of 173 shares were unchanged on BSE.
Buzzing stocks are - IOC surged 9%, overtaking ICICI Bank, Kotak Mahindra Bank, Bharti Airtel and Bharti Airtel.  Mahindra & Mahindra declined 0.2 percent after its net profit fell 9 percent to Rs 859 crore on 3.74 percent rise in gross revenue to Rs 23,212 crore in first quarter June 2017 y-o-y.

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.