Live Nasdaq Composite: Stock Market Bulls Wrestle Control to Start August as Oil Drops 6%
Buying by domestic and foreign investors and easing crude prices lifted early sentiment, while 2,288 NSE stocks advanced against 458 declines.
- On Monday, the BSE Sensex gained 788.7 points to open at 78,883.34, while the Nifty added 189.1 points to open at 24,572.70, driven by falling crude prices and easing geopolitical tensions.
- Market breadth remained positive during early trade, with 2,288 stocks advancing against 458 declining on the NSE. Indigo led Sensex gainers with a 3.41 per cent rise, while Sun Pharma fell over 0.95 per cent.
- Growth extended to the BSE Smallcap Select Index, adding 0.38 per cent. Domestic Institutional Investors bought equities worth Rs 2,260.37 crore, while Foreign Institutional Investors purchased Rs 277.48 crore on July 31.
- Across Asia, markets traded lower, with South Korea's Kospi falling 307.51 points and Japan's Nikkei 225 dropping 1.04 per cent. Hong Kong's Hang Seng bucked the trend, gaining 0.13 per cent.
- Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, a SEBI-registered Research Analyst, cautioned that "event risks including the RBI's monetary policy decision" warrant a stock-specific approach emphasizing fundamentally strong companies.
19 Articles
19 Articles
Live Nasdaq Composite: Stock Market Bulls Wrestle Control to Start August as Oil Drops 6%
Geopolitical relief triggered a sharp selloff in oil and a Treasury retreat, handing bulls an opening to reclaim momentum at the start of August, but a surprise move from MicroStrategy and a potential $400 billion pharma megadeal are reshaping the early narrative.
Stock Markets Today: Sensex, Nifty Surge on Lower Crude Prices, Easing Geopolitical Tensions
Indian stock market benchmark indices, Sensex and Nifty, saw significant gains in early trade, driven by a sharp decline in crude oil prices and easing geopolitical tensions, alongside renewed foreign fund inflows.
Stock Market Today: Sensex, Nifty Surge up to 1% in Early Trade As Lower Crude, FII Buying Boost Sentiment | 📰 LatestLY
Sensex surged 800 points or 1.02 per cent to an intraday high of 78,895.10 in early deals, while Nifty climbed 192.85 points or 0.79 per cent to 24,576.45. 📰 Stock Market Today: Sensex, Nifty Surge up to 1% in Early Trade As Lower Crude, FII Buying Boost Sentiment.
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