Sensex, Nifty trade higher on positive global cues

by IANS |

July 1 (IANS) Indian equity indices opened in the green on Monday following positive global cues. At 9:40 a.m., Sensex was at 79,197, up 165 points or 0.21 per cent and Nifty was at 24,069, up 58 points or 0.22 per cent. Midcap and smallcap stocks lead the market. The Nifty midcap 100 is up 237 points or 0.43 per cent, at 55,984 and the Nifty smallcap 100 is up 161 points or 0.88 per cent, at 18,478. Among the sectoral indices, Auto, IT, Metal, and Media are major gainers. Realty, PSU Bank and Energy are major laggards. Overall market breadth remains positive. On the National Stock Exchange (NSE), Out of the total shares 1,631 are in the green and 601 are in the red. In the Sensex pack, JSW Steel, Tech Mahindra, Maruti Suzuki, HUL, TCS, Wipro, Bharti Airtel, Tata Steel, Nestle and HDFC Bank are top gainers. NTPC, Power Grid, L&T, Sun Pharma, and SBI are top losers. Deven Mehata, Research Analyst at Choice Broking said, "Nifty can find support at 23,900 followed by 23,850 and 23,800. On the higher side, 24,100 can be an immediate resistance, followed by 24,200 and 24,250." "The charts of Bank Nifty indicate that it may get support at 52,200, followed by 52,000 and 51,900. If the index advances further, 52,500 would be the initial key resistance, followed by 52,650 and 52,800," Mehata added. Most Asian markets are bullish. The markets of Tokyo, Shanghai, Hong Kong, Jakarta, and Seoul are in the green. American markets closed in the red on Friday. Crude oil benchmark Brent crude remains at $85 per barrel and WTI crude at $82 per barrel. 

Latest News
FM Nirmala Sitharaman set to present her 7th Budget, major reforms expected Tue, Jul 23, 2024, 10:01 AM
Over four lakh devotees perform ongoing Amarnath Yatra in 24 days Tue, Jul 23, 2024, 09:54 AM
Tech firm Kakao's founder arrested over alleged stock manipulation Tue, Jul 23, 2024, 09:46 AM
Tour de France winner Pogacar pulls out of Paris Olympics Tue, Jul 23, 2024, 09:28 AM
What BHU students expect from Budget 2024: Funding for research, hostel, job opportunities Mon, Jul 22, 2024, 05:01 PM
Mizoram's Aizawl to become 4th state capital in NE to have rail link by next year Mon, Jul 22, 2024, 04:55 PM
Don't share video circulated by terrorists: J&K Police warns public Mon, Jul 22, 2024, 04:52 PM
Major allocations likely for six guarantees in Telangana's full budget Mon, Jul 22, 2024, 04:50 PM
Root is so special that he could eventually overtake Sachin: Vaughan Mon, Jul 22, 2024, 04:48 PM
HM Amit Shah's verbal assault on Pawar-Thackeray evoke strong reactions from MVA, NCP Mon, Jul 22, 2024, 04:46 PM
Odisha Assembly session: Oppn stages walkout during Governor's address Mon, Jul 22, 2024, 04:44 PM
14 Palestinians killed in Israeli attacks in Khan Younis: Health authorities Mon, Jul 22, 2024, 04:43 PM
No special status to Bihar, reiterates Centre in Lok Sabha; RJD takes 'toy' jibe Mon, Jul 22, 2024, 04:37 PM
AI, machine learning job roles see 433 pc rise since 2022: Study Mon, Jul 22, 2024, 04:34 PM
Typhoon Prapiroon brings rainstorms, strong gusts to China Mon, Jul 22, 2024, 04:33 PM