Sensex and Nifty Reach New Highs
The Indian stock market indices, Sensex and Nifty, reached new all-time highs during the day’s trade. Sensex touched 80,397 points, up over 400 points, and Nifty50 closed at 24,417.55 points, up 97.00 points or 0.40%.
Sector Performance
Several sectors performed well, including banking, auto, financial services, FMCG, media, pharma, PSU banks, private banks, realty, healthcare, consumer durables, and mid-small healthcare. However, IT and oil & gas sectors remained in the red.
Top Gainers and Losers
Top Gainers | Top Losers |
---|---|
Maruti | Reliance |
Mahindra and Mahindra | Tata Communications |
Divis Laboratories | Bajaj Finance |
Titan | ONGC |
Hindalco | Shriram Finance |
Market Trends
The BSE MidCap and SmallCap indices rose by 0.3% and 0.2%, respectively. Nifty PSU bank led with a gain of nearly 2%, followed by auto at 1.15%. Oil & gas declined by 0.29%. Sensex has risen 11.18% since last year, and Nifty climbed 12.38%.
Mutual Funds and Monsoon Impact
Equity mutual funds saw robust inflows, reaching Rs 40,608 crore in June, up 17% from May. The positive monsoon outlook bolstered Indian agrochemical stocks.
Expert Opinions
Varun Aggarwal, MD of Profit Idea, noted that market attention is shifting towards corporate earnings reports, with sectors like Auto and BFSI expected to drive growth. VLA Ambala, Co-Founder of Stock Market Today, mentioned that PM Narendra Modi’s visit to Russia could positively impact the oil and defense industries.