Sensex and Nifty50 gains as Sectoral indices saw Nifty Metal gain 1.2%, followed by Nifty Pharma and Media, each up over 1%, while Nifty PSU Bank and Nifty Realty fell 0.4%.
Indian markets closed higher, following gains in Europe and Asian equities ahead of US Federal Reserve’s interest rate outcome. Sensex rose 0.35% and Nifty50 Index settled 0.38% higher.
Sectors and stocks
Sectoral indices showed a 1.2% increase in Nifty Metal, followed by Nifty Pharma and Media. Nifty PSU Bank and Nifty Realty fell 0.4%. Federal Reserve officials are expected to signal a potential interest rate cut in September, potentially lowering rates from a two-decade high.
| FII Sold | -3,462.36 Cr |
| DII Bought | 3,366.51 Cr |
Indian Market Stocks
| Sensex | 285.94 | +0.35% | 81,741.34 |
| Nifty 50 | 93.85 | +0.38% | 24,951.15 |
| Nifty Bank | 54.10 | +0.11% | 51,553.40 |
Market Movers
| JSW Steel | 26.15 2.90% | Britannia | -57.75 -0.99% |
| Asian Paints | 79.40 2.64% | Dr Reddys Labs | -53.65 -0.79% |
| HDFC Life | 18.30 2.62 % | Grasim | -14.15 -0.51% |
| NTPC | 9.05 2.22% | Reliance | -15.45 -0.51% |
| SBI Life Insura | 32.60 1.89% | TATA Cons. Prod | -5.95 -0.50% |
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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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