Mumbai (Maharashtra) [India], The BSE Sensex continued its upward trajectory on Thursday, sustaining the rally and closing above the important 80,000 mark.
This sustained bull run saw both major indices reach new highs during the session. Specifically, the Nifty index closed at 24,302 points, reflecting a marginal gain of 15 points over the previous close. Meanwhile, the BSE Sensex advanced 62 points to settle above the 80,000 threshold at 80,049 points.
"Market sentiment was influenced by a positive bias in the rupee against the US dollar, supported by weaker US economic data and higher global risk appetite. However, gains were limited by elevated oil prices crude oil. Investor caution prevailed ahead of US non-financial markets The farm payrolls report is due the next day,” said Varun Aggarwal, MD, Profit Idea.
In the broader market context on the National Stock Exchange, all indices except the Nifty Small Cap 50 posted gains. However, sectoral indices presented a mixed performance. Nifty Financial Services, Nifty FMCG, Nifty Media, Nifty Metal and Nifty Consumer Durables closed lower.
Among the top performers in the Nifty 50 index on the day were Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the other hand, the top losers were HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro and Tech Mahindra.
Market breadth indicated a positive trend, with a total of 2,788 shares open for trading on Thursday. At the close of the session, 1,527 stocks had risen, 1,175 had fallen and 86 were unchanged.
According to data from the National Securities Depository Limited (NSDL), investments in Indian markets during the current month remain promising. In the first three days of July, foreign institutional investors (FIIs) have invested a net amount of Rs 3,057 crore and domestic institutional investors (DIIs) have also invested Rs 3,641.25 crore.
This dual support from domestic and foreign investors has played a major role in fueling the prevailing bullish sentiment in the market. The combined inflows of FII and DII have contributed to the strong market performance, highlighting the positive outlook among investors regarding the prospects of the Indian economy.
This sustained bull run saw both major indices reach new highs during the session. Specifically, the Nifty index closed at 24,302 points, reflecting a marginal gain of 15 points over the previous close. Meanwhile, the BSE Sensex advanced 62 points to settle above the 80,000 threshold at 80,049 points.
"Market sentiment was influenced by a positive bias in the rupee against the US dollar, supported by weaker US economic data and higher global risk appetite. However, gains were limited by elevated oil prices crude oil. Investor caution prevailed ahead of US non-financial markets The farm payrolls report is due the next day,” said Varun Aggarwal, MD, Profit Idea.
In the broader market context on the National Stock Exchange, all indices except the Nifty Small Cap 50 posted gains. However, sectoral indices presented a mixed performance. Nifty Financial Services, Nifty FMCG, Nifty Media, Nifty Metal and Nifty Consumer Durables closed lower.
Among the top performers in the Nifty 50 index on the day were Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the other hand, the top losers were HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro and Tech Mahindra.
Market breadth indicated a positive trend, with a total of 2,788 shares open for trading on Thursday. At the close of the session, 1,527 stocks had risen, 1,175 had fallen and 86 were unchanged.
According to data from the National Securities Depository Limited (NSDL), investments in Indian markets during the current month remain promising. In the first three days of July, foreign institutional investors (FIIs) have invested a net amount of Rs 3,057 crore and domestic institutional investors (DIIs) have also invested Rs 3,641.25 crore.
This dual support from domestic and foreign investors has played a major role in fueling the prevailing bullish sentiment in the market. The combined inflows of FII and DII have contributed to the strong market performance, highlighting the positive outlook among investors regarding the prospects of the Indian economy.
