Sensex and Nifty
Sensex: Advanced 622 points (0.78%) to a record high of 80,519.
Nifty50: Rose 186 points (0.77%) to close at a new peak of 24,502.
Gains led by IT stocks, especially Tata Consultancy Services (TCS) which surged 6.7% after beating revenue estimates
Top Gainers: TCS, Infosys, HCL Tech, Tech Mahindra, Axis Bank, JSW Steel.
Top Losers: Maruti, Asian Paints, Kotak Bank, Titan, ICICI Bank.
Sector Performance
Gains: Nifty IT, FMCG, Oil & Gas.
Losses: Nifty Auto, Metal, PSU Bank, Realty, Consumer Durables.
India’s retail inflation data for June is due after market hours later in the day.
Inflation is expected to be close to 5%, in line with the Reserve Bank of India’s expectations. However, still above its 4% target, as per RBI governor Shaktikanta Das.
Global Markets
US Stock Futures: Mixed.
MSCI Asia-Pacific shares rose 0.1%, while Japan’s Nikkei fell over 2% due to tech stock losses.
Currency Market
The Indian rupee edged higher to 83.5350 against the US dollar, despite capped gains due to dollar demand from importers.
