Sensex Today: Sensex Rises Above 76,900, Nifty Crosses 24,000; IT and FMCG Stocks Lead Gains
Digital Desk
Indian equity benchmark indices opened in positive territory on Tuesday, with the BSE Sensex rising more than 100 points to trade above 76,900, while the NSE Nifty climbed around 100 points to move past the 24,000 mark. Buying interest was primarily seen in information technology (IT) and fast-moving consumer goods (FMCG) stocks during early trade.
The upbeat start follows Monday's strong rally, although investors continued to monitor global market trends, crude oil prices and foreign institutional investment flows for further direction.
IT, FMCG Stocks Drive Market
In the opening session, IT and FMCG counters emerged as the top performers, helping benchmark indices maintain gains. Market participants remained selective, with investors favouring defensive and technology stocks amid mixed global cues.
Analysts said investors are closely tracking corporate earnings, global economic developments and institutional investment activity, which are expected to influence market sentiment in the coming sessions.
Brent Crude Falls to $87 Per Barrel
Global crude oil prices eased sharply, with Brent crude declining nearly 2% to around $87 per barrel.
The decline comes as geopolitical tensions involving the United States, Israel and Iran showed signs of easing, reducing concerns over possible supply disruptions. Lower crude prices are generally viewed as positive for India, as they can help reduce import costs and inflationary pressures.
Asian Markets Trade Mixed
Asian equity markets presented a mixed picture during Tuesday's trading session.
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Hang Seng (Hong Kong): Up 146 points (+0.74%)
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Nikkei (Japan): Down 2,885 points (-4.32%)
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Kospi (South Korea): Down 584 points (-8.32%)
The mixed performance reflected investor caution amid global economic uncertainties and profit-booking in select regional markets.
Wall Street Ends Mixed
US markets closed on a mixed note in the previous session.
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Dow Jones: Gained 263 points (+0.51%)
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Nasdaq Composite: Fell 44 points (-0.18%)
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S&P 500: Ended marginally higher by 1 point (+0.02%)
Investors remained focused on earnings announcements and expectations regarding future monetary policy.
Foreign Investors Continue Selling
Foreign Institutional Investors (FIIs) remained net sellers in the Indian market.
| Category | Latest (โน Crore) | Last 7 Days | Last 30 Days |
|---|---|---|---|
| DII | +2,329 | +10,312 | +41,685 |
| FII/FPI | -1,688 | -9,400 | -17,324 |
While domestic institutional investors (DIIs) continued to provide buying support, sustained foreign outflows remain a factor influencing overall market sentiment.
Previous Session Recap
On July 27, Indian markets ended with strong gains.
The Sensex surged 776 points to close at 76,836, while the Nifty advanced 229 points to settle at 23,996, supported by broad-based buying across sectors.
Market experts believe investor focus will now remain on quarterly earnings, crude oil prices, global market movements and foreign fund flows, which are expected to determine the near-term direction of domestic equities.
