Sensex and Nifty50 index at new highs as Nifty Auto saw a 2.2% increase, followed by Nifty Consumer Durables and Nifty Pharma, Nifty PSU Bank and Nifty Realty, and Nifty FMCG.
Indian markets closed at record highs on July 9, driven by buying in blue-chip stocks, global trends, and foreign fund inflows, with the Sensex reaching an all-time high of 80351 points.
Sectors and stocks
Maruti Suzuki India saw a 7% surge after Uttar Pradesh waived registration tax on hybrid electric cars, benefiting its Grand Vitara SUV and Invicto MPV. Other top blue chips included Mahindra & Mahindra, Titan Co Ltd, and ITC.
US stocks closed high, with investors anticipating Federal Reserve Chair Jerome Powell’s testimony for interest-rate outlook insights. CPI report expects Core CPI to increase 3.1% year-over-year, while PPI report follows.
July 10 Forecast
Market momentum is driven by domestic and global factors, with consumption sectors like FMCG and auto leading gains. Investors await Q1 earnings, IT sector growth, and positive FII inflow.
The benchmark indices reached an all-time high, with the Nifty closing 97 points higher and the Sensex up 391 points. The Auto index outperformed, rallying over 2%. Intraday profit booking was seen in IT, Oil, and Gas stocks. A bullish candle and higher bottom formation indicate further uptrend. Support zones are 24350/80000 and 24,500-24555/80500-80800.
The Nifty opened positively and closed with 97 points, above 24400. The next target is 24610, the Fibonacci retracement level and upper Bollinger band. Bank Nifty experienced consolidation, trading around 52000, suggesting positive momentum towards 53,000 from a short-term perspective.
| FII Bought | 314.46 Cr |
| DII Bought | 1,416.46 Cr |
Indian Market Stocks
| Sensex | 391.26 | +0.49% | 80,351.64 |
| Nifty 50 | 112.65 | +0.47% | 24,433.20 |
| Nifty Bank | 143.00 | +0.27% | 52,568.80 |
Market Movers
| Maruti Suzuki | 804.10 6.69% | TATA Cons. Prod | -8.60 -0.75% |
| M&M | 74.15 2.60% | Reliance | -21.25 -0.66% |
| ITC | 9.00 2.03% | ONGC | -1.70 -0.57% |
| Divis Labs | 87.75 1.97% | Shriram Finance | -16.10 -0.57% |
| Titan Company | 58.95 1.87% | Bajaj Finance | -30.20 -0.43% |
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Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Indian indices opened positively, with Sensex and Nifty reaching 76,000 and 23,100, respectively. Top gainers included Divis Labs, IndusInd Bank, Axis Bank, LTIMindtree, and Adani Ports, while losers included Adani Enterprises, Wipro, Grasim Industries.
Sensex Sensex Sensex
Sensex After four weeks of increases, Sensex and Nifty fell 2% for the first time After four weeks of increases, Sensex and Nifty fell 2% for the first time
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
The Nifty has experienced a decline, closing the day around 160 points lower. The daily charts show no follow-through buying interest after a breakout, and selling pressure at higher levels could lead to a slipping back into the consolidation zone. The Bollinger bands are contracting, indicating a range contraction. The Bank Nifty has not maintained positive momentum, and it could slip towards the 46900-46800 range. The overall trend is bullish, with an intermediate corrective phase in progress. Short-term weakness could lead to a decline towards the 22200-22250 range.
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