Long term return stock market Indian Stock Market Nifty 50

Stock Market Daily Updates “Nifty 50 Closes in the Green Amid Global Market Volatility: Key Performers and Sectoral Highlights”

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Nifty 50 Market Performance: A Detailed Analysis

Opening and Early Movements

The Stock Market Nifty 50 index opened lower than its previous closing point. Shortly after the market opened, the index managed to cross the previous day’s closing at around 9:20 AM but quickly dipped below this mark. By 9:45 AM, it regained strength and continued to stay in positive territory for most of the trading session.

Day’s Performance and Closing

Despite a sharp decline towards the end of the trading day, the Nifty 50 closed in the green. The overall positive performance was driven mainly by gains in media stocks, which saw the highest rise, while healthcare stocks experienced the most significant drop.

Global Market Influence

The performance of the Indian stock market was set against a backdrop of declines in US and European markets. Meanwhile, Asian markets displayed a mixed trend, reflecting varying economic conditions and investor sentiments across the region.

Top Gainers on Nifty 50

Several stocks stood out as top gainers on the Nifty 50:

  • ONGC: ₹273.55 (▲ 5.56%)
  • L&T: ₹3,598.70 (▲ 1.55%)
  • Adani Ports: ₹1,403.45 (▲ 1.40%)
  • Tata Motors: ₹987.10 (▲ 1.23%)
  • Maruti Suzuki: ₹12,863.65 (▲ 1.15%)

Top Losers on Nifty 50

Conversely, some stocks underperformed:

  • Kotak Mahindra: ₹1,720.00 (▼ 1.47%)
  • Divi’s Labs: ₹4,475.45 (▼ 1.34%)
  • Asian Paints: ₹2,902.45 (▼ 1.19%)
  • Dr Reddy’s Labs: ₹6,039.25 (▼ 1.10%)
  • Reliance: ₹2,913.35 (▼ 1.00%)

Noteworthy News and Updates

  1. Micro-loans Lending: According to a Crif High Mark report, micro-loans lending in India surged by 27% year-on-year during the January-March quarter.
  2. Vehicle Sales: The Society of Indian Automobile Manufacturers (SIAM) reported a 4% year-on-year increase in domestic passenger vehicle sales in May, with two-wheeler and three-wheeler sales rising by 10% and 15% respectively.
  3. Ixigo IPO: The IPO of Ixigo was subscribed 9.33 times on its second day, with retail subscriptions hitting 18.73 times.

Major Corporate Updates

  • Union Bank: The board approved raising ₹10,000 crore through debt and equity instruments.
  • Persistent Systems: Announced a partnership with Google Cloud to expand operations in the UK, US, India, and Australia.
  • SBI: Launched ‘SME Digital Business Loans’ aimed at providing quick loan sanctions to MSMEs within 45 minutes.
  • Zomato: Plans to invest ₹300 crore in Blinkit and an additional ₹100 crore in its subsidiary Zomato Entertainment.
  • Suzlon: Secured a 103.90 MW project for installing 33 wind turbines in Fatehgarh, Rajasthan.
  • Tata Motors: Reported that its India business became net-debt-free in the last financial year.
  • HCL Tech: Signed a 7.5-year deal worth $278 million with Germany’s largest cooperative bank, apoBank.
  • NBCC: Received orders worth ₹878 crore from government and private sectors.

Commodity and Currency Market

  • Gold: ₹71,400 (▲ 0.99%)
  • Silver: ₹89,380 (▼ 0.77%)
  • USD-INR: ₹83.57/USD (▲ 0.05%)

International Market Performance

  • Dow Jones: 38,868.04 (▲ 0.18%)
  • Nasdaq: 17,192.53 (▲ 0.35%)

Long-Term Returns (Past 20 Years)

  • Sensex: ▲ 14.81% per annum
  • Nifty: ▲ 14.66% per annum
  • Dow Jones: ▲ 6.81% per annum
  • Nasdaq: ▲ 11.36% per annum

Despite global market pressures, the Nifty 50 displayed resilience, with a notable performance led by media stocks. While there were gains and losses among individual stocks, the overall market sentiment remained positive, buoyed by strong corporate updates and sectoral performances.

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