July 31, 2024
New Delhi, India
Indian benchmark indices extended their gains for the fourth consecutive session on July 31. The Nifty closed above 24,950, while the Sensex climbed by 286 points, reaching 81,741.
Market Highlights:
- Key Performers: NTPC, Asian Paints, BPCL, JSW Steel, and Tata Motors were among the top gainers on the Nifty. Conversely, Britannia Industries, Power Grid Corp, Dr. Reddy’s Labs, Apollo Hospitals, and M&M were the top losers.
- Sectoral Performance: Except for realty and PSU Bank, all other sectoral indices closed in the green. Power, healthcare, metal, and pharma sectors each added 1 percent.
- Broader Market: The BSE midcap index added nearly a percent, while the smallcap index ended on a flat note. The Nifty Midcap 100 index saw significant gains, settling at 58,990, up 367 points or 0.63 percent. Select smallcap stocks ended lower on Wednesday.
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Stock-Specific Movements:
- Top Gainers: Maruti Suzuki India was the top performer on the NSE, rising by 3.89 percent. Other notable gainers included JSW Steel and HDFC Life Insurance Company.
- Top Losers: Britannia and Dr. Reddy’s Labs were among the top decliners on the NSE.
Market Sentiment:
The bullish sentiment prevailed, with 21 out of 30 stocks on the BSE Sensex registering gains. The session witnessed robust performance across various sectors, contributing to the overall positive market trend.
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