NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 14 2020 | Chronicleplanet.com

Chronicleplanet.com

Best Latest News Provider

NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 14 2020

1 min read

NIFTY| NSE | BSE | SENSEX | STOCK |MARKET LIVE |SHARE MARKET LIVE |INDIAN STOCK LIVE |NIFTY LIVE | UPDATES JULY 14 2020

Benchmark indices on July 14 witnessed profit booking which dragged Nifty below 10650 level on the back of selling pressure seen in the auto, bank and metal stocks.

At close, the Sensex was down 660.63 points or 1.80% at 36033.06, and the Nifty was down 195.30 points or 1.81% at 10607.40. About 820 shares have advanced, 1829 shares declined, and 116 shares are unchanged.

IndusInd Bank, Axis Bank, Eicher Motors, Zee Entertainment and Maruti Suzuki were among major losers on the Nifty, while gainers were Dr Reddy’s Labs, Titan Company and Bharti Airtel.

Except pharma, all other sectoral indices ended in the red, while BSE Midcap and Smallcap indices ended 1 percent lower.

Wholesale prices fell by -1.8% y/y in June, as a severe demand crunch and sharp fall in international commodity prices weighed on wholesale inflation. Both retail and wholesale inflation surprised to the upside versus expectations in June, as supply disruptions seems to have had a more pronounced impact on prices than anticipated. Details show that a normalisation in food prices is starting to take place as summer seasonalities begin. Fuel and power prices rose after falling for five straight months, likely signalling the end of the deflationary cycle in these areas. Core prices remain under control, though some signs of upside pressure is noticeable in manufactured food products, chemicals and basic metals.