NECK AND NECK GRAPPLE OF BULLS AND BEARS – Issue #030

Published on 01/08/2021

Indian benchmark indices ended in the red. Weak global cues, sluggish economic growth and rising inflation kept the mood of the market negative. The stock market losses were moderate compared with sharp falls earlier in the week. Among sectors, the Nifty pharma index added 3.6 percent, while the auto index rose nearly a percent. However, some selling was seen in the metal and financial names, whereas BSE metal and energy fell about a percent. On the other hand, BSE health care climbed 2.25 percent followed by utilities, auto and industrials indices, which rose up to a percent.

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