BSE Sensex Crosses 80,000 Mark: Tata Motors and HCL Tech Shine

The BSE Sensex continued its upward trend on Thursday, closing above the significant 80,000 mark at 80,049 points, a gain of 62 points. The Nifty index also saw a slight increase, closing at 24,302 points, up by 15 points.

Market sentiment was positively influenced by a stronger rupee against the US Dollar and increased global risk appetite, although high crude oil prices limited gains. Varun Aggarwal, MD of Profit Idea, noted that investor caution prevailed ahead of the US non-farm payrolls report.

In the broader market, all indices except the Nifty Small Cap 50 recorded gains. However, sectoral indices showed mixed results, with Nifty Financial Services, Nifty FMCG, Nifty Media, Nifty Metal, and Nifty Consumer Durables closing with declines.

Top performers in the Nifty 50 index included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma, and TCS. On the other hand, HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro, and Tech Mahindra were the top losers.

Market breadth was positive, with 1,527 stocks advancing, 1,175 declining, and 86 remaining unchanged out of 2,788 stocks traded. According to the National Securities Depository Limited (NSDL), Foreign Institutional Investors (FIIs) invested a net amount of Rs 3,057 crore, and Domestic Institutional Investors (DIIs) infused Rs 3,641.25 crore in the first three days of July. This dual support has significantly contributed to the market’s bullish sentiment.