At 9:50 am, Sensex was up 282 points or 0.35 per cent at 80,180 and Nifty 50 was at 24,420, up 104 points or 0.43 per cent.
Buying is also being seen in smallcap and midcap shares. The Nifty Midcap 100 index is up 173 points or 0.30 per cent at 57,321 and the Nifty Smallcap 100 index is at 19,028, up 108 points or 0.58 per cent.
Overall the broader market trend is positive. On NSE, 1,589 shares are in green and 497 are in red.
According to market experts, "The market, which is moving in a limited range this week, may respond favorably to positive global and domestic signals. The positive global signal is that inflation in the US has declined by 0.1 percent in June, which has raised hopes." " “The market shows a 90 percent probability that the Fed will cut rates in September.”
Among sectoral indices, IT, PSU, Fin Services and Metals are among the major gainers. Only realty is in red.
TCS, Wipro, Infosys, Axis Bank, Tech Mahindra, HCL Tech, M&M, SBI and Bajaj Finserv are the top gainers in the Sensex pack. Maruti Suzuki, Sun Pharma, Bharti Airtel, NTPC, Power Grid and ICICI Bank are the top losers.
Foreign institutional investors (FIIs) became net sellers on July 11 and sold equities worth Rs 1,137 crore, while domestic institutional investors bought equities worth Rs 1,676 crore.
Buying is also being seen in smallcap and midcap shares. The Nifty Midcap 100 index is up 173 points or 0.30 per cent at 57,321 and the Nifty Smallcap 100 index is at 19,028, up 108 points or 0.58 per cent.
Overall the broader market trend is positive. On NSE, 1,589 shares are in green and 497 are in red.
According to market experts, "The market, which is moving in a limited range this week, may respond favorably to positive global and domestic signals. The positive global signal is that inflation in the US has declined by 0.1 percent in June, which has raised hopes." " “The market shows a 90 percent probability that the Fed will cut rates in September.”
Among sectoral indices, IT, PSU, Fin Services and Metals are among the major gainers. Only realty is in red.
TCS, Wipro, Infosys, Axis Bank, Tech Mahindra, HCL Tech, M&M, SBI and Bajaj Finserv are the top gainers in the Sensex pack. Maruti Suzuki, Sun Pharma, Bharti Airtel, NTPC, Power Grid and ICICI Bank are the top losers.
Foreign institutional investors (FIIs) became net sellers on July 11 and sold equities worth Rs 1,137 crore, while domestic institutional investors bought equities worth Rs 1,676 crore.
