The domestic stock market opened at a fresh all-time high on Wednesday amid strong global cues. The Sensex crossed 80,000 for the first time. Nifty also touched a record high. Continuing its relentless rally, the benchmark Sensex of the Bombay Stock Exchange (BSE) achieved new historical milestones in morning trade today. Nifty 50 touched the 24,300 level, hitting a new all-time high of 24,292. The Sensex opened at 80,013, up 572 points. Similarly, the Nifty also opened at 24,291, up 168 points. Bank Nifty opened at 52,872, up 704 points. The country’s largest private bank HDFC Bank also made headlines.
The most movement in these stocks
HDFC Bank, Kotak Mahindra Bank, HDFC Life, Britannia Industries and Tata Consumer were the major gainers on the NSE Nifty during trading, while Sun Pharma, TCS, UltraTech Cement, Tech Mahindra and Infosys were among the losers. WTI crude prices were trading 0.37% higher at $83.12 on Wednesday morning, while Brent crude prices were up 0.35% at $86.54.
What is the trend in the world market?
GIFT Nifty was trading 83 points higher at 24,328, indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. After record gains in the US market overnight and a dovish stance by Fed Chair Jerome Powell, Asian markets opened on a mixed note on Wednesday morning. According to Financial Express, Japan’s Nikkei 225 was trading 0.68% higher at 40,346. Korean index Kospi was down 0.06% at 2,779.32. Asia Dow was trading 0.36% higher at 3,599.34. Hang Seng was trading 0.41% higher at 17,841.77. Benchmark Chinese index Shanghai Composite was also flat at 2,996.87.
Investors’ stance
According to provisional data available on the National Stock Exchange, foreign institutional investors (FIIs) sold shares worth Rs 2,000.12 crore. In contrast, domestic institutional investors (DIIs) bought shares worth Rs 648.25 crore on July 2, 2024.
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