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  5. NIFTY50, SENSEX trade in green; Reliance and Bharti Airtel lead the gains

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NIFTY50, SENSEX trade in green; Reliance and Bharti Airtel lead the gains

Upstox
By Upstox News Desk

3 min read | Updated on July 01, 2024, 09:56 IST

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SUMMARY

Benchmark equity indices edged higher on the first trading day of the month, with SENSEX trading above the 79,000 mark, while NIFTY soared over the 24,000 mark. Meanwhile, Nifty Media was the top gainer, and Nifty Realty was the biggest loser.

Stock list

HEROMOTOCO
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BAJAJ-AUTO
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NTPC
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POWERGRID
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stock-1863880_1280-_1_.webp

On Monday, Indian equity benchmark indices began the first trading day of the week on a flat note. However, it is now trading in green. In the broader markets, the Nifty Midcap 100 and Smallcap 100 index opened higher. The Nifty Midcap touched a fresh all-time high of 18,441.70, surpassing its previous all-time high level of 18,437.65. Additionally, Nifty Media emerged as the top gainer, while Nifty Realty was the top loser in the early trading session.

At 9:25 AM: The SENSEX was trading marginally higher by 0.06% above the 79,000 mark, while the NIFTY50 was slightly up by 0.09% trading above the 24,000 level. Furthermore, Bank Nifty plunged by 0.25% and was trading below the 52,200 level. India VIX has slightly gained by 1.88% and is trading above the mark of 14, a marginal increase in market volatility.

Broader indices - Looking at the broader indices, the Nifty Midcap 100 index was trading higher by 0.18% above the 55,800 level, while the Nifty Smallcap 100 gained by 0.57% trading above the 18,400 level.
Sectoral Performance - Within the sectoral landscape, Nifty Media (+0.78%), Nifty Auto (+0.71%) and Nifty Metal (+0.59%) are among the top gainers, while Nifty Energy (-0.34%), Nifty Bank (-0.26%) and Nifty PSU Bank (-0.18%) were the major sectors that were trading negatively.
Top Gainers and Losers - In the NIFTY50 space, Hero Motocorp (+1.42%), JSW Steel (+1.23%), and Bajaj Auto (+0.93%) are among the top gainers. On the other hand, NTPC (-1.7%), Power Grid Corporation (-1.01%) and Apollo Hospitals (-0.85%) were the major losers.
U.S. Markets - U.S. indexes dipped on Friday, reversing earlier gains, while Treasury yields rose, and the U.S. dollar declined as investors digested data showing unchanged U.S. monthly inflation for May. US PCE and core PCE were up 2.6% on an annual basis, slower than what was seen in April and in line with economists' expectations.

The US 10-year yield fell slightly by 4 basis points to 4.39%, and the 2-year Treasury yield decreased by 17 basis points to 4.74% in early Monday trading.

Commodities - Oil prices inched higher in early Monday trading, buoyed by forecasts of a supply shortfall due to peak summer fuel demand and OPEC production cuts expected in the third quarter. However, gains were limited by global economic challenges and increasing output from non-OPEC producers.

Brent crude futures rose by 16 cents (0.2%) to $85.16 per barrel, while U.S. West Texas Intermediate crude futures increased by 17 cents (0.2%) to $81.71 per barrel.

Stocks in F&O Ban - Stocks that are banned for trading in the F&O segment on July 01, 2024, are India Cements and Indus Towers.
Uplearn

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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