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Benchmark indices erased most of the intraday losses but ended lower in the volatile session on July 28.

At close, the Sensex was down 135.05 points or 0.26% at 52,443.71, and the Nifty was down 37.10 points or 0.24% at 15,709.40. About 1299 shares have advanced, 1682 shares declined, and 90 shares are unchanged.

Among sectors, except metal index added over 1 percent and IT index rose 0.2 percent, however, selling was seen in the auto, bank, energy, and pharma sectors.

BSE midcap index ended flat, while smallcap index fell 0.4 percent.

Also Read: How to earn money in share market

Dr. Reddys Labs, Kotak Mahindra Bank, Tata Motors, Cipla, and M&M were the top Nifty losers. Bharti Airtel, Tata Steel, SBI Life Insurance, Divis Labs, and IndusInd Bank were among the top gainers.

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Topic :- Time:3.00 PM

Nifty spot if holds above 15700 levels on closing basis then expect some further up move incoming session and if it closes below above-mentioned level then some sluggish movement can be seen. Avoid short positions and stay long in the market.

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Topic :- Time:2.30 PM

GOLD Trading View:

GOLD is trading at 47552. If it breaks and trades below the 47500 levels then expect some further decline in it and if it manages to trade and sustain above the 47580 levels then some upmove can follow in GOLD.

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Topic :- Time:2.25 PM

Just In:

Ola expands ESOP pool to Rs 3,000 crore, allots additional Rs 400 crore worth of stocks to employees ahead of IPO.

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Topic :- Time:2.10 PM

Nifty spot if manages to trade and sustain above 15720 levels then expect some further upmove and if it breaks and trades below 15640 levels then some decline can follow in the market. Since Monday we are mentioning use all lows as an opportunity to go long in the market as Nifty is heading for the 16000 marks.

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Topic :- Time:1.00 PM

Just In:

SEBI committee deliberating if SPACs should be introduced in India: SEBI Chairman Ajay Tyagi.

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Topic :- Time:1.00 PM

Nifty is showing some good recovery. Nifty spot if manages to trade and sustain above 15660 levels then expect some quick upmove and if it breaks and trades below 15640 levels then some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 757.45. If it breaks and trades below the 757 level then expect some decline in it and if it manages to trade and sustain above the 757.90 level then some upmove can follow in it.

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Topic :- Time:12.15 PM

Just In:

Rolex Rings IPO fully subscribed on Day 1, retail portion booked 2.22 times.

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Topic :- Time:12.00 PM

After a gap down nifty is filling the gap now. The decline should be used as an opportunity to go long in the market. Nifty spot if manages to trade and sustain above 15620 levels then expect some quick upmove and if it breaks and trades below 15600 levels then some fall can follow in the Nifty.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Indices off lows; Sensex down 500 pts, Nifty near 15,600

2. 4 funds invested in Adani firms have a history of bets gone wrong

3. Sebi asks for ultimate beneficial owners information in Adani firms

4. Bitcoin tops $40,000 as traders get a boost from high-profile investors

5. Dr. Reddys extends fall on disappointing Q1; stock down 14% in 2 days

6. UTI AMC hits new high ahead of results, rallies 111% from October lows

7. Maruti Suzukis Q1 PAT may slip up to 32% QoQ, say analysts

8.  Retail rush drives mobile trading volumes at BSE

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Topic:- Nifty Opening Note

Indian Stock Market Trading View For Today:

Stock-specific action is expected in the market. Nifty to trade volatile as the day progresses.

Nifty spot if manages to trade and sustain above 15780 levels then expect some up move in the market and if it breaks and trade below 15700 levels then some profit booking can follow in the market.

Please note this is just an opening view and should not be considered as the view for the whole day.

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Global research firm CLSA has downgraded the stock to underperform from outperform and has cut the target to Rs 1,060 from Rs 1,140 per share while Prabhudas Lilladher has maintained reduce on the stock with a target of Rs 980.

The Ramco Cements share price was down over 3 percent within the morning session on July 28, each day after the corporate declared its June quarter results.

The cement maker on July 27 reported a 46.10 percent increase in consolidated net income at Rs 171.67 crore for the quarter ended June, helped by growth in sales. It had posted a net income of Rs 117.50 crore during the April-June period of the previous fiscal, it said during a regulatory filing.

Total income was up 17.33 percent to 1,239.99 crores during the quarter under review as against Rs 1,056.79 crore within the corresponding period of the previous fiscal.

Total expenses were at Rs 988.46 crore in Q1 FY 2021-22, up 9.91 percent from Rs 899.29 crore earlier.

The stock was trading at Rs 1,027.65, down Rs 32.55, or 3.07 percent at 09:54 hours. it's touched an intraday high of Rs 1,069.45 and an intraday low of Rs 1,024.20.

Global research firm CLSA has downgraded the stock to underperform from outperform and has cut the target to Rs 1,060 from Rs 1,140 per share. it's of the view that Q1 EBITDA was largely in-line while volumes fell 33 percent QoQ.

EBITDA was also in-line with lower volumes offset by higher realizations adding that weak volume attributed to state-specific lockdowns, consistent with a CNBC-TV18 report.

"We expect FY22 volume growth of 12% YoY and EBITDA per tonne of Rs 1,470. We await a pick-up in volume growth before turning constructive with volume growth remaining elusive," it said.

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According to domestic research firm Prabhudas Lilladher, The Ramco Cements reported Q1FY22 EBITDA below its/consensus estimate. The miss came on all counts except in-line realizations.

"We remain negative on Southern region thanks to overcapacity and volatile demand pattern. As demand outlook improves for the region in H2, volume growth would come at the value of weaker margins thanks to rise in competition for market share and low capacity utilization," it said.

"Due to expensive valuations and weak outlook on southern region, we maintain reduce on the stock with a target of Rs 980 (earlier Rs 950), EV/EBITDA of 14x FY23E," it added.