Fri, July 15. 07:37 AM IST.
The market remained in bear's control for the fourth consecutive session with the Nifty50 closing below 20-day exponential moving average (15,950) on July 14.
The BSE Sensex fell 98 points to 53,416, while the Nifty50 declined 28 points to 15,939 and formed bearish candle on the daily charts with lower high lower low formation.
Earnings Release:
Jindal Steel & Power, Federal Bank, Aditya Birla Money, Deep Diamond India, Den Networks, Integrated Capital Services, Just Dial, Kesoram Industries, Lloyds Metals and Energy, L&T Technology Services, Oberoi Realty, and Opto Circuits (India) will be in focus ahead of quarterly earnings on July 15.
HDFC Bank, Bharat Electronics, ICICI Prudential Life Insurance Company, Netlink Solutions, Pil Italica Lifestyle, and Welcure Drugs & Pharmaceuticals will be in focus ahead of quarterly earnings on July 16.
Stocks in News:
Angel One, Syngene International, Tata Elxsi, ACC, Cipla, GTPL Hathway, Tata Steel Long Products.
Global Market:
In Asia, markets in Shanghai, Hong Kong and Seoul ended lower, while Tokyo settled in the green.
Equity markets in Europe were trading lower during mid-session deals. The US markets had ended lower on Wednesday.
Meanwhile, international oil benchmark Brent crude declined 1.97 per cent to USD 97.61 per barrel.
Foreign institutional investors turned net buyers in the capital market on Thursday, buying shares worth Rs 309.06 crore on net basis, as per exchange data.
The rupee, however, slid to all-time low of 79.99 against the US dollar due to concerns over inflation and possible rate hikes by central banks.