Sensex, Nifty Edge Higher in Rangea-Bound Trade; Reliance and HDFC Bank Lead Gains

Mumbai, July 1 – Benchmark equity indices ended slightly higher on Tuesday after a day of range-bound movement, supported by buying in heavyweight stocks like Reliance Industries and HDFC Bank.

Key Highlights

• Sensex gained 90.83 points, or 0.11%, closing at 83,697.29
• Nifty rose 24.75 points, or 0.10%, settling at 25,541.80
• Gains were led by Reliance Industries, Bharat Electronics, and HDFC Bank
• Broader market sentiment remained cautious amid FII selling and weak global cues

Market Movement

The BSE Sensex swung between gains and losses before ending the session up by 90.83 points. It touched an intraday high of 83,874.29, up 267.83 points from the previous close. Out of the 30 Sensex constituents, 13 closed in the green while 17 ended in the red.

The NSE Nifty mirrored the trend, closing 24.75 points higher at 25,541.80.

Top Gainers and Losers

Top gainers in the Sensex included:

• Bharat Electronics
• Reliance Industries
• Asian Paints
• UltraTech Cement
• Kotak Mahindra Bank
• HDFC Bank

Major laggards were:

• Axis Bank
• Trent
• Eternal
• Tech Mahindra

Global Market Overview

Asian markets had a mixed outing:

• Kospi (South Korea) and Shanghai Composite (China) ended higher
• Nikkei 225 (Japan) closed lower
• Hong Kong markets were closed for the day

European markets were trading mostly in the red during Indian trading hours. Meanwhile, US markets ended higher on Monday, providing some support to global investor sentiment.

Other Key Metrics

• Brent crude prices declined 0.22% to USD 66.56 per barrel
• Foreign Institutional Investors (FIIs) were net sellers, pulling out ₹831.50 crore on Monday

Previous Session Recap

On Monday, the markets witnessed significant losses with the Sensex falling 452.44 points (0.54%) to 83,606.46, while the Nifty slipped 120.75 points (0.47%) to close at 25,517.05.

Outlook

Market participants will be closely watching global cues, oil prices, and foreign investor activity for direction in the coming sessions.

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