Sensex and Nifty50 gains as Investors await jobless claims, data due on Thursday, and July’s unemployment print for US labor market insights, while traders await Bank of England’s London interest rate decision.
Indian markets experienced modest gains on August 1, with the Sensex reaching a new record high of 82,129.49 points and the Nifty crossing the 25,000 mark for the first time.
Sectors and stocks
Sectoral losses include Nifty Media, Nifty Realty, and Nifty PSU Bank, while consumer durables and IT indices fall. Gainers include Nifty Oil and Gas and Nifty Healthcare. Investors await jobless claims data and July’s unemployment print.
US equities surged following Fed Chair Jerome Powell’s dovish remarks, marking the best Fed day in two years. Wall Street, led by tech giants, rallied on the prospect of lower rates.
FII Sold | Cr |
DII Bought | Cr |
Indian Market Stocks
Sensex | 126.21 | +0.15% | 81867.55 |
Nifty 50 | 59.75 | 0.24% | 25010.90 |
Nifty Bank | 10.60 | 0.02% | 51564.00 |
Market Movers
Power Grid Corp | 12.90 3.70 % | M&M | -79.40 -2.73% |
Coal India | 18.20 3.49 % | Hero Motocorp | -116.60 -2.12% |
ONGC | 7.55 2.26% | Tata Steel | -2.27 -1.37% |
Dr Reddys Labs | 137.45 2.04% | SBI | -9.75 -1.12% |
Shriram Finance | 57.30 1.95% | Tata Motors | -12.25 -1.06% |
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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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