Indian Stock Market News, Equity Market and Sensex Today in India

On Monday, Indian share markets extended gains as the session progressed and ended on a strong note.

Index heavyweight stocks took the benchmark indices higher as M&M, Bajaj Finserv, HDFC Bank and L&T rose over 2%.

At the closing bell on Monday, the BSE Sensex stood higher by 465 points (up 0.8%).

Meanwhile, the NSE Nifty closed up by 127 points (up 0.7)

M&M, Bajaj Finserv, and HDFC Bank were among the top gainers.

Tata Steel, Tech Mahindra, and ICICI Bank on the other hand, were among the top losers.

M&M share price touched its all-time high on Monday. Shares of the company are in an uptrend ever since it received superb response to its new vehicle launch.

The broader markets ended on a positive note. Both, the BSE MidCap index and the BSE smallcap index climbed up by 0.3%.

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Barring oil & gas sector, all sectoral indices ended on a positive note. Stocks in the capital goods sector and power sector witnessed maximum buying.

At 7:40 AM today, the SGX Nifty was trading down by 34 points or 0.2% lower at 17,500 levels.

Indian share markets are headed for a flat opening today following the trend on SGX Nifty.

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Shares of Hindustan Aeronautics, Siemens, and Adani Enterprises hit their 52-week highs on Monday.

Since you’re interested in high flying stocks, check out our guide on how to pick the best multibagger stocks in 2022.

Gold futures for the latest contract on MCX were trading at Rs 52,268 per 10 grams yesterday.

Of late, gold price is falling while silver isn’t far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.

Speaking of stock markets, chartist Brijesh Bhatia does a complete analysis of today’s market and what to expect today, in the video below.

Top Buzzing Stocks Today

Zomato share price will be among the top buzzing stocks today.

Food delivery company Zomato’s weighting in FTSE indices will go up, following a raft of share sales by pre-initial public offering investors.

The global index provider has announced the investability weight for Zomato will be increased from 17.12% to 24.9% in the FTSE All-World Index with effect from 11 August 2022.

HPCL share price will also be in focus today.

Hindustan Petroleum Corporation (HPCL) and Honda Motor have joined hands to set up battery swapping stations for electric vehicles (EVs) at the state-owned oil firm’s petrol pumps.

Market participants will also track shares of 3M India, Ambika Cotton, Eicher Motors and Zydus Life as these companies are scheduled to announce their Q1 results later today.

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July Equity Mutual Fund Flows

Equity-oriented mutual fund (MF) schemes received net inflows of Rs 89 bn in July 2022.

This is the lowest since October 2021 and half of average monthly inflows received during the first half of the calendar year.

According to experts, the lower inflows are a result of volatile market conditions. In June 2022, Indian share market fell hard amid sustained selling by FIIs.

Inflows via SIPs remained strong at Rs 121.4 bn, only marginally below Rs 122.8 bn in the preceding month.

Sustained inflows through the SIP route have underpinned 17 straight months of positive inflows into equity schemes. This has helped markets offset the heavy FII selling.

AUM for SIPs breached Rs 6 tn for the first time ever in July.

Net inflows into debt funds remained muted at Rs 49.3 bn in July.

To track what mutual funds are buying, check out our stock screener on stocks recently bought by mutual funds.

You can also screen stocks recently sold by mutual funds.

Fuel Demand Rises

India’s fuel demand in July 2022 rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.

Consumption of fuel, a proxy for oil demand, totalled 17.62 million tonnes in July, down 5.7% from 18.68 million tonnes in June.

Sales of gasoline, or petrol, were 6.8% higher from a year earlier at 2.81 million tonnes.

Cooking gas or liquefied petroleum gas (LPG) sales increased 1.7% to 2.41 million tonnes, while naphtha sales fell 6.2% to 1.14 million tonnes.

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Syrma SGS Technology IPO

Syrma SGS Technology, an electronic systems design and manufacturing firm, will launch its Rs 8.4 bn initial public offering (IPO) on 12 August. It will remain open till 18 August.

Note that this is the first IPO to hit the market in nearly three months. Last IPO to hit the market was that of specialty chemicals company Aether Industries on 24 May.

Through the IPO, the company is planning to raise Rs 7.7 bn by issuing fresh shares.

Incorporated in 2004 in Chennai, Syrma SGS Technology is an engineering and design company engaged in electronics manufacturing.

It provides services to original equipment manufacturers (OEM). Right from designing the product to volume production, Syrma SGS Technology offers all kinds of services.

If the company gets good response, we may expect more IPOs to open soon.

For more details about the IPO, check out our note: Syrma SGS Technology IPO: 5 Things to Know.

Stay tuned to get further updates on this IPO and all upcoming IPOs in the market.

And to know what’s moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns,

Read the latest Market Commentary

What else is happening in the markets today? Dig in…

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( With inputs from equitymaster)