iconiifl-logo-icon 1
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Markets trade higher led by pharma, healthcare stocks; Nifty around 16k

14 Jul 2022 , 10:07 AM

Indian markets was trading on a positive note on the back of mixed global cues despite US inflation data boosts recession fear around the globe. In both benchmarks Sensex and Nifty 50, a broad-based buying has been recorded with pharma, healthcare and FMCG stocks outperforming. However, IT, realty and banking sectors are under pressure during early trading hours.

US inflation surged to a new four-decade high in June. Investors' worries increases as a report showing US annual consumer prices jumped 9.1% in June because of rising prices for gas, food and  rent, raising risks for economy worldwide.

Moreover, Indian rupee opened at fresh record low on July 14. The currency hit 79.73 per dollar in the opening trade against previous close of 79.63.

At around 09:31 am, Sensex was trading at 53,701.70 up by 187.55 points or 0.35%. Nifty 50 performed at 16,022.20 higher by 55.55 points or 0.35%.

Gainers on Nifty were - Apollo Hospitals surging nearly 2% followed by Sun Pharma soaring 1.8%. Britannia and Titan climbing 1.3% each, while M&M jumped a little over 1%.

Losers on Nifty were - JSW Steel, SBI, Axis Bank, Tata Steel and ITC plunged between 0.1-1%.

Investors focus has now shifted towards earnings reports for June 2022 quarter. Companies that will be announcing their June 2022 quarterly result today and will be in focus are - ACC, L&T Infotech, Angel One, Bombay Bumrah Trading Corporation, Butterfly Gandhimathi Appliances, Earum Pharmaceuticals, GTPL Hathway, Shakti Pumps (India), Tata Elxsi, Tata  Steel Long Products and Tiger Logistics (India).

In terms of sectoral indices, Nifty Pharma surged more than 130 points, while the Healthcare and FMCG index on Nifty gained marginally.

On the global front, US markets end in the red with Dow Jones seeing intra day fall of over 465 points before recovering all the losses till profit booking in the last hour sees it close down 200. 
Asian markets opened mixed with the Japanese 'Nikkei' trading lower by 50 points in early trade while the ASX &New Zealand markets trade in the green.

Related Tags

  • Asian markets
  • Auto sales
  • auto sector
  • Axis Bank share price
  • BSE live
  • bse sensex
  • f&o expiry
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
29 Mar 2024   |   10:14 AM
Images
28 Mar 2024   |   03:36 PM
Images
28 Mar 2024   |   03:01 PM
Images
28 Mar 2024   |   01:21 PM
Read More
Knowledge Centerplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Knowledge Centerplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.