Both BSE Sensex and NSE Nifty have gained nearly half per cent. ICICI Bank, NTPC, HDFC, Bajaj Finance, Axis Bank, Grasim, Hindalco and Intentor Motors are supporting the market. Adani Ports, Tata Consumer, Tata Chemicals, Tech Mahindra, Infosys, HUL and HCL Tech are putting pressure on the market.
Tuesday was auspicious for the stock market. The BSE Sensex opened with a strength of about 322 points. NSE Nifty also started with a gain of about 102 points. US markets closed at record highs on Monday. European markets also remained strong. There is a bullish trend in Asian markets today.
In the midst of buying big stocks, investors are also paying attention to small and medium stocks. Nifty's small-cap index is up 0.40%. The small-cap index has gained over 0.70%. Except for Nifty IT, all other sector indices are strong. Nifty Realty is up more than 1%.
According to experts, the stock market may remain in a limited range today. A move above 15,850 with increased volumes can lead to the formation of bullish new deals. Till then the market interest may increase in Zomato's IPO. The metals index may remain firm, while IT sector may remain under pressure due to weak guidance from TCS.
On the first day of the week i.e. Monday, there was huge volatility in the domestic stock market. The BSE Sensex fluctuated around 500 while the NSE Nifty had fluctuated around 150 points. The Sensex closed at 52,372.69, down 13.50 points (0.03%). Nifty was at 15,692.60 with a gain of 2.80 points or 0.02%.
Investors took a huge interest in small and medium stocks yesterday amid the beating of the big stocks. Nifty's mid-index closed 0.44% while the small-cap index closed with a strength of 0.60%. The biggest jump of 3.61% in the sector index came in realty. Nifty's IT index closed 0.45% while the metal index closed with a strength of 0.21%.
Trading is going strong in Asia markets. Japan's Nikkei is up about 0.7%. China's Shanghai Composite is up about 0.25%. Hong Kong's Hang Seng is up nearly two per cent. Korea's Kospi is up about 0.70%. Australia's All Ordinary has a strength of about 0.40%.
On Monday, there was a significant jump in the US markets as well. The Dow Jones closed up 0.36%. The Nasdaq was up 0.21%. The S&P 500 also closed with a gain of 0.35% points. In European markets, France's CAC was up 0.46%. Germany's DAX index jumped 0.65%. Britain's FTSE index gained a modest 0.05%.
According to provisional data available on the NSE, on Monday, July 12, foreign institutional investors (FIIs) sold shares worth a net Rs 745.97 crore. That is, he had sold shares worth so much more than the number of shares he had bought. Domestic Institutional Investors (DIIs) had bought shares worth a net Rs 447.42 crore.
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