Domestic benchmark equity indices Nifty and Sensex fell for the third consecutive session following a bearish trend in global markets and continuing outflows of foreign funds. 

The Nifty 50 index was down 0.74% at 19,381.65 while the S&P BSE Sensex fell 0.82% to 65,240.68. Among the Nifty sectoral indices, only Nifty Media (up 0.93%), Nifty Pharma (up 0.98%), and Nifty Healthcare (up 0.60%) ended in green, while the others closed in red. 

“Global markets are still grappling with the impact of the US rating downgrade, with spiking bond yield and strengthening dollar index. However, the pharma sector has managed to weather the storm thanks to its strong earnings outcome, while mid and small-cap stocks have outperformed the benchmark index. 

The domestic service PMI has surpassed market expectations, reaching a 13-year high due to a rise in new orders, particularly in international sales,” said Vinod Nair, Head of Research at Geojit Financial Services.

Also Read: Market Wrap: Sensex, Nifty fall for third consecutive session; rising US bond yields weigh on market sentiment

According to exchange data, foreign institutional investors (FIIs) sold shares of stock on Wednesday totalling ₹1,877.84 crore.

In Asia, the Nikkei 225 in Tokyo slumped to 32,159.28 and the Hang Seng in Hong Kong dropped by 0.5% to 19,420.87. The Shanghai Composite Index rose 0.6% to 3,280.46, and Kospi in Seoul slipped 0.4% to 2,605.39.

Here is the list of stocks who are top losers and gainers during August 3 trading session:

Sensex

Top Gainers: Infosys Ltd (up 0.63%), NTPC Ltd (up 0.43%), Sun Pharmaceutical Industries Ltd (up 0.40%), Reliance Industries Ltd (up 0.14%), and  Kotak Mahindra Bank Ltd (up 0.06%).

Top Losers: Titan Company Ltd (down 2.56%), Bajaj Finserv Ltd (down 2.29%), ICICI Bank Ltd (down 2.24%), Nestle India Ltd (down 1.99%), and UltraTech Cement Ltd (down 1.78%). 

Nifty 

Top Gainers: Adani Enterprises Ltd (up 2.48%), Adani Ports and Special Economic Zone Ltd (up 2.04%), Eicher Motors Ltd (up 1.51%), Divi’s Laboratories Ltd (up 0.88%), and Hindalco Industries Ltd (up 0.59%).

Top Losers: Titan Company Ltd (down 2.39%) , Bajaj Finserv Ltd (down 2.35%), Oil & Natural Gas Corporation Ltd (ONGC) (down 2.36%), ICICI Bank Ltd (down 2.07%), and Nestle India Ltd (down 1.93%).

(more to come)

Updated: 03 Aug 2023, 03:42 PM IST