July 31, 2024
1 min read

Sensex Trades Up on Positive Cues

The market trend remained positive. On the National Stock Exchange (NSE), 1,507 shares remained in the green and 480 shares remained in the red….reports Asian Lite News

Indian equity indices opened in the green on Wednesday following positive cues from Asian peers.

At 9.41 a.m., Sensex was up 82 points or 0.10 per cent, at 81,542 and Nifty was up 30 points or 0.12 per cent, at 24,887.

The market trend remained positive. On the National Stock Exchange (NSE), 1,507 shares remained in the green and 480 shares remained in the red.

The Nifty Midcap 100 index was at 58,792, up 169 points or 0.29 per cent and the Nifty Smallcap 100 index was at 19,146, down 60 points or 0.31 per cent.

Pharma, FMCG, metal, fin service and media indices were in the green. Realty, energy and PSU bank indices were in the red.

In the Sensex pack, NTPC, Asian Paints, JSW Steel, ITC, ICICI Bank, Bharti Airtel, HDFC Bank, Tech Mahindra, Tata Steel, Maruti Suzuki, HUL and Nestle were major gainers. Tata Motors, Power Grid, IndusInd Bank and Axis Bank were major losers.

Recently, SEBI proposed new rules for Futures and Options (F&O) trading to prevent speculation in the market.

According to the market experts, “SEBI’s crackdown on F&O trade is eminently desirable and can go a long way towards making the ongoing rally healthy and less speculative.”

“The irrational exuberance of the retail investors, particularly the newbies who entered the market after the Covid crash, will do more harm than good to the overall market in the long run,” they added.

There was a bullish trend in global markets. The markets of Shanghai, Hong Kong, Bangkok, Seoul and Jakarta were bullish. However, US markets closed mixed on Tuesday.

The foreign institutional investors (FIIs) extended their selling as they sold equities worth Rs 5,598 crore on July 30, while domestic institutional investors bought equities worth Rs 5,565 crore on the same day.

ALSO READ: Apple Stresses Responsible AI Model Training

Previous Story

SEBI Launches India’s First Passive Funds Website at NSE

Next Story

‘Budget 2024-25 to Stimulate Growth and Employment’

Latest from Business

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding
Go toTop

Don't Miss

Global Economic Factors Driving India’s Stock Market Downturn

Verma noted that prior to this correction, the Indian stock

Sensex to Hit 1 Lakh This Year?

Domestic equities crossed another milestone with Sensex crossing above 85,000