Stock Market LIVE on Monday, July 29, 2024: Benchmarks Nifty50 and Sensex registered fresh all-time highs in intra-day trades on on Monday led by a strong rally in banking sharess and Larsen &Toubro.
The BSE Sensex hit a new all-time high at 81,908.43, and was quoting flat around at 81,400 levels. The Nifty 50 index hit a summit at 24,999.75, and then hovered around 24,860 levels.
L&T, SBI, ICICI Bank were the top gainers while Titan, Tech Mahindra, Bharti Airtel were the top laggards on BSE.
Similarly, on NSE, L&T, SBI and ICICI Bank were the top gainers while Tata Consumer, Cipla, and Titan were the top laggards.
In the broader market, the BSE MidCap index gained 0.4 per cent, while the SmallCap jumped 0.8 per cent.
The Nifty PSU Bank was the top gainer, up over 3 per cent, followed by Realty (up 1.68 per cent).
Global Cues
In the Asia-Pacific region, markets saw gains as investors assessed US inflation data. The Nikkei surged 2.70 per cent, the Kospi increased 1.37 per cent, and the ASX200 rose 0.92 per cent.
Furthermore, traders await a slew of economic data from major Asian economies. The Bank of Japan is anticipated to raise interest rates at its meeting on July 30, according to a Reuters poll. Additionally, China will release its July PMI data, and Australia will present its inflation figures ahead of the Reserve Bank’s monetary policy meeting on August 6.
In the US, stock futures rose slightly on Sunday evening ahead of a busy week of corporate earnings. However, on Friday, the S&P 500 closed 1.11 per cent higher, the Dow Jones gained 1.64 per cent, and the Nasdaq climbed over 1 per cent. Investors will also keep an eye on Fed interet rate decison on Wednesday.
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