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Key Points

Indian markets closed nearly flat with Nifty gaining just 15 points after recent volatility. Key stocks like Apollo Hospitals and Reliance Industries outperformed while FMCG and financial sectors lagged behind. Analysts suggest the minor uptick indicates temporary profit-booking rather than a trend reversal. Gold prices rose over 1.5% as traders await potential trade deal impacts on specific sectors.

Key Points: Indian Markets Flat as Nifty Gains 15 Points Amid Mixed Sector Trends

  • Nifty up 15 points at 25,532 after snapping 4-day rally
  • Apollo Hospitals and Reliance top gainers while Nestle drags
  • Sectoral split with PSU Bank up but FMCG in red
  • Gold rises 1.58% in Comex as traders eye trade deal impact
2 min read

Indian markets end flat amidst mixed sectoral performance

Nifty edges up 0.06% while Sensex rises marginally as Apollo Hospitals, Reliance lead gains but FMCG and financial sectors lag.

"Nifty has closed above the previous day's low, indicating yesterday's sell-off was only a temporary profit-booking pause in the rally – Praveen Dwarakanath, Hedged.in"

Mumbai, July 01

The Indian stock markets ended their day in green, marginally above yesterday's closing level, after snapping a four-session winning streak in the previous session.

At the end of the trading session, Nifty was up 15.30 points or 0.06 per cent at 25,532.35 and the BSE's Sensex was up by 33.24 points or 0.04 per cent, reaching 83,639.70.

"Nifty has closed above the previous day's low, indicating yesterday's sell-off was only a temporary profit-booking pause in the rally," said Praveen Dwarakanath, Vice President of Hedged.in.

"The smaller time frame momentum indicators are sloping upside, indicating a further rally from the current levels," he added.

Among the index constituents, Apollo Hospitals, Bharat Electronics Ltd (BEL) and Reliance Industries emerged as the top gainers, while Nestle India and Axis Bank were the major losers.

On the sectoral front, Nifty Media, Nifty FMCG and Nifty Financial Services 25/50 closed in the red zone, while Nifty PSU Bank and Nifty Oil & Gas ended the day in the positive zone.

On Wednesday, out of 3,020 traded stocks 1,491 advanced for the day, while 1,452 ended the day in the red territory. Seventy-seven stocks remained unchanged for the day.

"India's upcoming trade deal will be a key event that is expected to have an impact on specific sectors rather than affecting the overall market index," according to VLA Ambala, co-founder of Stock Market Today.

"For the upcoming sessions, the limelight will be mainly on sectors like agriculture, gems, auto, textiles, electronics, pharma, renewables/EVs, handicrafts, and energy. Traders should observe the prices and developments to identify gain opportunities," VLA Ambala added.

On the precious metal side, Gold traded with modest gains, rising by 1.58 per cent to USD 3,359.25 in Comex and 1.29 per cent to Rs 97,305 in MCX as of 15:46 IST.

- ANI

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Reader Comments

P
Priya S
Why is Nestle falling again? As a regular consumer of their products, I don't see any change in demand. Maybe the market is overreacting to some temporary factors. Good opportunity to buy at lower levels?
A
Aman W
Flat closing after 4 days of rally is actually healthy for markets. Jaldi ka profit kabhi tikta nahi hai (quick profits never last). Patient investors will be rewarded in long term. Focus on fundamentals!
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Sarah B
The gold movement is interesting! With global uncertainties, it might be wise to allocate 10-15% of portfolio to gold ETFs. Indian investors often overlook this hedge option in their equity obsession.
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Vikram M
While experts talk about sectors, retail investors like me are confused where to put money. Every analyst suggests different sectors. Maybe we should just invest in index funds and chill? 🤔
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Nisha Z
Media stocks underperforming again! With elections coming, I expected better performance. Is the market pricing in something we don't know? Or is this just temporary phase?
D
David E
The Indian market resilience is impressive compared to global peers. But I wish SEBI would do more to protect small investors from volatility. Too many new investors are getting burned in this market.

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