Kolkata: The Indian benchmark indices of the equity market Sensex 30 and Nifty 50 opened in the green on Wednesday, July 30, in a market enlivened by the robuts quarterly results of infrastructure major L&T. At 9:15 am today, Sensex stood at 81,354.32, up 16.37 points or 0.020%, while Nifty was trading at 24,829.65, up 8.55 points or 0.034%. However, wtihin a few minutes BSE Sensex raced up 256.57 points to reach 81,594.52 while NSE Nifty rose 69.3 points to reach 24,890.40.
The global cues were mixed on July 30 morning. Among the major US indices only Dow Jones ended in the green (0.13%) on July 29, while S&P500 and Nasdaq ended in the red by 0.30% and 0.38% respectively. However, all the major European indices FTSE (0.60%), CAC (0.72%) and DAX (1.02%) ended the day in the green. However, the crucial GIFT Nifty was trading in the red on July 30 morning. Nikkei 225, Straits Times and Hang Seng were also in the red But Taiwan Weighted, KOSPI, Jakarta Composite and Shanghai Composite were in the green.
Prominent gainers and laggards
In the Sensex basket, Larsen & Toubro surged by more than 4% per cent following the 29.8% jump in consolidated net profit at Rs 3,617.19 crore in Q1 of FY26, Other major gainers were Bharti Airtel, Asian Paints, NTPC and Bajaj Finserv. Among the major laggards in the Sensex basket were Tata Motors, Hindustan Unilever, Eternal and Infosys.
Trade uncertainties continue to dog the market
“The major drag on the market continues to be the negative news on the India-US trade front. President Trump’s comment that “India may have to pay 20-25 per cent tariff” is very negative from the short-term market perspective,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments told the media. Significantly, FIIs sold equities worth Rs 4,636.60 crore on July 29.
On Tuesday, according to reports, US President Donald Trump said India could be facing US tariffs between 20-25%.
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