Sensex trades flat with negative bias; Vedanta, Kotak Bank top losers

Sensex Heatmap

Source: BSE

Market Breadth

Market breadth, indicating the overall health of the market, remained positive. On the BSE, 709 stocks rallied, 694 stocks declined, while 60 stocks remained unchanged. 

Broader Markets

In the broader market, the BSE Midcap index added 0.4 per cent, while the BSE Smallcap index remained little changed. 

Markets At Open

At 9:25 am, Sensex was trading at 35,640, up 18.14 points, while the broader Nifty50 was ruling at 10,819, up 2.00 points.

Asian markets fall as Sino-US trade spat intensifies

Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Fears of a trade war added to pressure on oil prices, which extended Friday`s big fall amid expectations of higher output from OPEC and Russia. 

MSCI`s broadest index of Asia-Pacific shares outside Japan dropped 0.2 percent in early trade, near its lowest level since May 31. Financial markets in China and Hong Kong will be closed on Monday for Dragon Boat festival holiday.
Japan`s Nikkei slid 0.7 percent as fears of growing protectionism overshadowed stronger-than-expected export data.

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Nilkamal (Buy)

Target: Rs 1725
Stoploss: Rs 1680

• DSP BR Trustee Company on behalf of DSP BR MF and DSP BR Alternative Investment Fund bought stakes.      
• The trustee firm bought 45500 shares or 0.31%
• Now holding 5.11% vs 4.80% 
   

Wall Street On Friday

Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China. The Dow Jones Industrial Average fell 84.83 points, or 0.34 per cent, to 25,090.48, the S&P 500 lost 3.07 points, or 0.11 percent, to 2,779.42 and the Nasdaq Composite dropped 14.66 points, or 0.19 percent, to 7,746.38.

Source: Reuters

Markets On Friday

The BSE Sensex ended with modest gains on Friday, helped by a late burst of buying in technology and pharma stocks, even as global sentiment took a hit after the US slapped fresh tariffs on Chinese imports. Index heavyweight TCS spurted 2.75 per cent after the company's board approved a Rs 16,000-crore share buyback plan. 

Global cues were grim as US President Donald Trump approved levying of new tariffs worth USD 50 billion on Chinese exports, while Beijing vowed to quickly retaliate.

The 30-share Sensex, after succumbing to a broad sell-off in afternoon trade, managed to close 22.32 points or 0.06 per cent higher at 35,622.14 on fag-end buying in IT and pharma counters.

The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent. 

Source: PTI

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