Nifty ends around 17700, Sensex up 130 pts, led by oil & gas, metals
Nifty & Sensex Today: Indian stock market indexes opened flat to the negative on Friday amid mixed cues from the global markets. Nifty today opened flat with no change while Sensex made a slightly negative opening of 96.62 points at 59235.98 levels. Soon after opening, the Indian stock market indexes turned negative, and after a few minutes of trading in the morning session, the indices rebounded and closed higher.
Stock Market News and Updates Today
The equity benchmarks were traded in the green for most of the session today on the back of positive cues from other Asian markets. The domestic market sentiments were optimistic, amid reports that start-ups have been a buzzword in the country for the last few years. India is powering its growth with innovation and entrepreneurship. Currently, there are 75000 start-ups in India which coincides with the 75th year of Independence.
Adding more relief, another report stated that India will be the fastest growing major economy this year and next despite headwinds from rising inflation, widening trade deficit, and a depreciation in the rupee. The domestic market sentiments were also upbeat as FIIs continued their buying spree for the second consecutive week.
On the global front, the other Asian market indices closed mostly in the green on Friday, despite export prices in South Korea being down 2.1 percent in the month of July, as the Bank of Korea said on Friday. European markets are trading higher due to upbeat earnings, even after UK’s economy contracted for the second quarter
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Nifty 50 and Sensex at the close today
The Nifty 50 index was up by 39.15 points or 0.22 percent and closed at 17698.15 levels while the Sensex gained by 130.18 points or 0.22 percent and finished at 59462.78 levels. The Bank Nifty index ended higher today by 162.45 points or 0.42 percent on the spot level and ended at 39042.30
The broader markets also closed higher today, the Nifty midcap index outperformed today, it was up by 222.50 points or 0.73 percent and closed at 30806.35 levels. The Nifty smallcap index closed higher today by 23.65 points or 0.25 percent at 9421.60 levels.
Nifty top gainers and losers today
The top gainers in the Nifty 50 index were ONGC, Tata Steel, NTPC, UPL, and Power Grid whereas the top losers were Divis Labs, Apollo Hospital, Infosys, Maruti Suzuki, and Tata Cons Product.
The midcap top gainers were Tata Elxsi, Bharat Forge, and V-Gaurd and the top losers were Ipca Labs, Shriram Transport, and Zee Entertainment
The top gainers in the Nifty smallcap index were PNB Hsg Finance, Mazgaon Dock, and Ircon International and the top losers were Bharat Dynamics, Fine Organics, and Future Retails.
The most active stocks in the Nifty index in terms of value were Reliance, Tata Steel, and ICICI Bank. The most active stocks in terms of volume were Tata Steel, ONGC, and NTPC
On the sectoral front, Oil & Gas, Metals, Realty, Banking, and Financial Services were closed higher today. The sectors that closed in the red were Media, Pharma, IT, and FMCG
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