Today, Friday, July 17, the Sensex is trading at 77,900, up 750 points (0.98%). Nifty is also up by 190 points (0.80%) at 24,250. Buying is being seen in IT, auto and banking stocks in today’s trading session.
**Reliance shares gained 2.4% before results**
Reliance Industries is scheduled to announce its June quarter (Q1 FY27) results after market close today. Ahead of the results announcement, Reliance shares gained 2.4% to hit an intraday high of ₹1,323.80. Shares of Mukesh Ambani’s company have seen sustained pressure recently; The share price has fallen 1% in the last month, 3.5% in three months, 9.5% in six months and almost 11% in the last year.
**Value buying and technical breakout boost sentiment**
While on one hand the market is bullish due to the upcoming results, on the other hand ‘value buying’ (buying of good shares at low prices) has also been seen in large-cap stocks after the recent fall. Despite weak global cues, investors bought shares of select big companies.
**Sensex closed flat yesterday**
Yesterday, on July 16, the stock market closed flat. Sensex closed 1 point higher at 77,186, while Nifty fell 5 points at 24,072. Maximum selling pressure was seen in realty stocks.
