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Market Updates 5th JULY: NIFTY SENSEX ends Flat, HDFC shades, Bajaj Auto Roars 6%

Market ends up flat with a negative bias as banking and financial stocks sheds in todays trading season, The S&P BSE Sensex decreased 30 points to conclude at 65,446 while the Nifty index increased little to end at 19,398. In today's session, 11 of the 15 broad-based Nifty sectoral indices closed in the green. With a decline of more than 2.5% apiece, HDFC and HDFC Bank dragged down highly weighted financial and bank indices. Auto, FMCG, and media all had increases of above 1%. Despite a drag on other banking and financial indexes, PSU Bank also finished in the black.

BAJAJ Auto & Divis Lab lead Nifty with 5.72% & 5.57% gains, while HDFC twins shaded more than 3% during the market hours. Out of 50 Nifty stocks the Advance Decline ration stands at 30/20. The volatility Index surged 1.55%, ends at 11.88. The Nifty smallcap & midcap index also surged more than 0.70% duing the market hours. The foreign Institutional investors are still in the buying side with a net purchase of 1603.15 Cr, DIIs are still the net supplier with a net supply value of 439.01 Cr. 

For Nifty the immediate resistance is at 19400, while the support zone comes near 19200 region. BankNifty is near it's support zone of 45000. Data shows market is in extreme greed zone so be cautious before taking any long position in the market

The Federal Reserve meeting minutes from the June policy meeting, which are scheduled for release on Wednesday, are anticipated to reveal a lively discussion among decision-makers who, overall, continue to lean towards supporting more steps to contain inflation. This event will decide further mood of market.





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