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HomeLatest NewsSensex Soars by 622 Points; Nifty Hits 24,500.

Sensex Soars by 622 Points; Nifty Hits 24,500.

Sensex and Nifty50 rose over 0.5% each, with the Nifty surpassing 24,500 for the first time.

Biggest gainers were TCS, Wipro, Infosys, and HCL Technologies, while losers included Maruti Suzuki, Divis Labs, BPCL, Coal India.

Sectors and stocks

The IT and Media sectors experienced a surge of 4.5% and 2% respectively, while the Realty, Power, Capital goods, and Auto indices saw a decrease of 1.5% and 0.5% respectively.

The BSE midcap and smallcap indices ended with marginal losses. Over 240 stocks reached their 52-week highs on the BSE.

Outlook 15 July

The Nifty re-recorded a fresh high above 24500 levels, primarily driven by IT heavyweights. The index closed with gains of 0.8% at 24512 levels.

The IT sector saw a 4% rally after TCS reported inline numbers. The momentum is expected to continue with healthy quarterly results, hopes of a rate cut, and a pre-budget rally. The IT sector is expected to be in focus as other IT majors release results.

Markets will react to India’s inflation data, key results next week, and global factors like China’s Q2GDP, US Core Retail Sales data, and ECB interest rate decisions.

FII Bought-1,137.01 Cr
DII Bought1,676.47 Cr
as per lastest session

Indian Market Stocks

Sensex622.00+0.78%80,519.34
Nifty 50186.20+0.77%24,502.15
Nifty Bank8.25+0.02%52,278.90
as per closing Bell

Market Movers

TCS260.25
6.63%
Maruti Suzuki-152.70
-1.20%
Wipro26.05
4.88%
Divis Labs-43.20
-0.94%
Infosys59.05
3.57%
Coal India-3.85
-0.77%
HCL Tech48.30
3.19%
Asian Paints-22.90
-0.76%
LTIMindtree165.05
3.05%
BPCL-2.05
-0.67%
as per closing Bell

Must read book about investing – check here

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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Market Rally Halts Market Rally Halts Market Rally Halts Market Rally Halts

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