The 30-share BSE Sensex jumped 1,000 points or 1.21% to settle at 83,755. During the day, it surged 1,056 points or 1.27% to 83,812. The 50-share NSE Nifty rallied 304 points or 1.21% to 25,549.
Here’s how analysts read the market pulse:
“We maintain a positive outlook on domestic-driven sectors such as financials, capital markets, agriculture-linked segments (including agri inputs, tractors, and rural consumption), and defence, which are well-positioned to benefit from ongoing policy support and seasonal tailwinds,” said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal.
US markets
The US stock market is rising toward the brink of another record. The S&P 500 was 0.5% higher in morning trading and just 0.3% below its all-time high, which was set in February. The Dow Jones Industrial Average was up 264 points, or 0.6% and the Nasdaq composite was 0.5% higher.
European Markets
European shares edged higher on Thursday, aided by signs that the Israel-Iran ceasefire appeared to be holding, while investors braced for the July 9 deadline for trade deals with the United States.
Tech View
With no major resistance until the 25,700–25,750 zone, analysts expect this rally to extend by another 150–200 points on the upside. On the downside, support is seen around 25,300–25,350.
Most active stocks in terms of turnover
HDFC Bank (Rs 5,037 crore), RIL (Rs 2,181 crore), Brainbees Solutions (Rs 2,147 crore), SBI (Rs 1,964 crore), ICICI Bank (Rs 1,957 crore), Bharti Airtel (Rs 1,883 crore) and Shriram Finance (Rs 703 crore) were among the most active stocks on BSE in value terms. Higher activity in a counter in value terms can help identify the counters with highest trading turnovers in the day.
Most active stocks in volume terms
Vodafone Idea (Traded shares: 9.04 crore), Alok Industries (Traded shares: 10.63 crore), YES Bank (Traded shares: 8.9 crore), Suzlon Energy (Traded shares: 6.36 crore), Brainbees (Traded shares: 5.63 crore), Eternal (Traded shares: 4.71 crore) and JP Power (Traded shares: 4.68 crore) were among the most actively traded stocks in volume terms on NSE.
Stocks showing buying interest
Shares of Nuvama Wealth, Dalmia Bharat, Abbott India, Gillette India, Bharti Airtel, L&T Finance Holdings, Max Healthcare among the stocks that witnessed strong buying interest from market participants.
Sentiment meter bullish
The market sentiments were bullish. As many as 2,097 stocks advanced while 1,900 declined and 156 remained unchanged on the BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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