Indian benchmark indices ended slightly higher on Monday, July 15, after a volatile trading session, supported by gains in FMCG, auto, and select banking stocks. Investors remained cautious ahead of key earnings announcements and macroeconomic data.
Key Highlights:
Sensex and Nifty Performance:
- Sensex rose by 63 points to close at 82,634
- Nifty 50 ended 16 points higher at 25,212
The indices oscillated between gains and losses throughout the day but managed to close in the green.
Sectoral Trends:
- FMCG and Auto stocks led the gains with buying interest in large-cap names.
- IT and Pharma sectors remained under pressure, continuing their recent trend of profit-booking.
- Bank Nifty showed resilience, holding above the 55,000 mark.
Top Gainers and Losers:
- Key gainers included ITC, Tata Motors, Britannia, and Hindustan Unilever.
- On the flip side, Infosys, HCL Tech, and Sun Pharma were among the notable laggards.
Market Sentiment:
Market participants are closely watching Q1 earnings results and updates from the US markets. Upcoming inflation data and commentary from the US Federal Reserve will likely guide sentiment for the rest of the week.
Broader Markets:
The midcap and smallcap indices outperformed the benchmarks, reflecting continued retail investor interest in broader market opportunities.
Conclusion:
Despite global uncertainty and sectoral rotation, Indian markets continue to show strength. With the earnings season picking up pace, stock-specific action is expected to remain high in the coming sessions.
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