Stock Market Today: Nifty and Sensex opened on a flat note today, despite GIFT Nifty starting strongly. The benchmark indices are likely to perform well and make some gains in the upcoming session, according to GoodReturns.com.
Several stocks, such as Tata Consumer, Infosys, Bajaj Finance, and Dr. Reddy’s, are performing well because of their stellar Q1 results.
Nifty Stocks are under pressure as the index was down 0.24 percent at 57,070 points. Meanwhile, Nifty Financial was trading down 0.27 percent at 27,143 points.
Factors To Out For in Nifty And Others:
There were nearly 1,670 stocks that were advancing, around 1,194 stocks were declining, and 136 stocks remained unchanged on the BSE this morning. There are 54 stocks that had touched their 52-week high mark and around 21 stocks that were down to their 52-week low mark.
Top Gainers, Top Losers
Dr. Reddy’s, Tata Motors, Tata Consumer, Eternal, Apollo Hospitals, Eicher Motors, etc., were among the top gainers on the NSE, whereas Infosys, Tech Mahindra, TCS, Bajaj Finance, Axis Bank, Reliance, etc., were among the top Nifty 50 laggards.
Will the Nifty 50 Cross the 25,400 Mark?
The indices are reaching new high levels, with many stocks moving sustainably above the 25,400 mark. This indicates a bullish momentum, instilling confidence in the market’s upward trend. According to GoodReturns.com, the benchmark index can cross the 25,400 mark on July 24 if it closes above the 25,340 mark. The report also stated that Nifty is expected to remain open on a flat-ish note throughout the day. The Nifty has resistance towards the 25,340 mark. A further upside can be expected towards the 25,400-25,470 mark. On the other hand, the 25,170 to 25,100 mark will act as a strong support system at many levels.
The Indian stock market opened today and came close after Gift Nifty had indicated a positive opening for Nifty and Sensex. The Nifty 50 closed 0.63% higher at 25,219 points, whereas the Sensex jumped around 530 points to close at 82,726 points. The Nifty 50 and BSE Sensex remained positive in the previous trading session as investors continued buying.
Because the Nifty 50 and Sensex finished strongly yesterday, there is an overall positive sentiment across the market. Bharti Airtel, Shriram Finance, Apollo Hospitals, Bajaj Finance, and Jio Finance were among some of the top gainers on the Nifty. Bharti Airtel, Hindustan Unilever, and Infosys were among the top losers.
Companies like Nestle India, Bajaj Finance, Canara Bank, Indian Bank, APL Apollo Tubes, Adani Energy Solutions, ACC, Cyient, Ujjivan Small Finance Bank, and V-Mart Retail will be announcing their first-quarter results for the financial year 2025-26.
Global Stock Market Today
The United States stock market concluded its second straight session with a positive development. The S&P shares had closed 49 points higher at 6,358, whereas Nasdaq jumped 127 points to conclude at 21,020 points. The Asian stock market also remained positive earlier today, with Nikkei trading 1.75% higher at 41,882 points at 9:40 AM. The Hang Seng Index was trading 0.52% higher at 25,670 points.