The Indian market continued to make fresh record high in the Budget week ended July 26 led by positive global cues including better-than-expected US GDP data, indicating early rate cut by US Fed. Meanwhile, F&O expiry, Union Budget announcements and mixed earnings from India Inc kept market volatile during the week. In this week, BSE Sensex rose 728 points or 0.90 percent, while Nifty50 index added 303 points or 1.2 percent. On July 26, Nifty50 index touched fresh record high of 24,861, while BSE Sensex also went near to its record high of 81587. The BSE Small-cap index added 3.5 percent, BSE Mid-cap Index added 3 percent and BSE Large-cap Index rose 1.5 percent. In terms of the market value, Tata Motors added the most, followed by Infosys, ITC and Sun Pharmaceutical Industries. On the other hand, Reliance Industries, Axis Bank and ICICI Bank lost the most of their market-cap.
Site Admin | July 27, 2024 5:21 PM
Indian markets hit record highs amid positive global cues
