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July 31, 2024 8:45 PM

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Indian Stock Market Rises for Fourth Consecutive Session: Sensex Gains 286 Points, Nifty Up 94 Points

The Indian stock market benchmarks, the Sensex and the Nifty closed higher for the fourth consecutive session, tracking positive global cues after the Bank of Japan raised interest rates. The Sensex closed with a decent gain of 286 points, or 0.35 per cent, at 81,741, while the Nifty settled 94 points, or 0.38 per cent, higher at 24,951. 

 

In the broader market at the BSE, the mid-cap index was up nearly by 0.8 per cent, while the small-cap index slid marginally. 19 out of 30 companies registered gains in the Sensex index.

 

The top gainers in Sensex were JSW Steel and Asian Paints with more than 2.5 per cent, while Maruti gained 2.28 per cent. Conversely, the major laggards were Reliance and Tata Motors with more than 05 per cent. Meanwhile, Mahindra & Mahindra logged a loss of 0.49 per cent.

 

In Sectoral Indices at the BSE, 17 out of 20 sectors logged gains. The top gainers were utilities over 1.5 per cent, power nearly one and a half per cent, and metals gained 1.12 per cent. Conversely, the major laggards were the energy, telecommunications, and realty sectors, with marginal decline. 

 

At BSE, 361 companies hit their 52-week high, and 14 hit their 52-week low.

 

The overall market breadth at the BSE was positive; out of 4,036 stocks traded, shares of 2,051 companies advanced while 1,897 declined and 88 remained unchanged.