Opening bell: Market trades higher regardless of mixed global cues

Opening bell: Market trades higher regardless of mixed global cues

by 5paisa Research Team Last Updated: Jul 05, 2022 - 01:57 pm 23k Views
Listen icon

The domestic equity barometers traded with strong gains in early trade, amid broad-based buying in index pivotal.

Markets traded between flat to slightly higher on Tuesday tracking mixed global cues. A broad-based buying across the sectoral indices lifted Sensex and Nifty 50, however, at a slower pace. The major sectors to drag the market upwards are metals, financials, auto and banks.

At 9:33 AM, the Sensex surged by 293 points and is trading at 53,527.80 levels. BSE MidCap likewise, jumped by 93 points and is trading at 22,130.77 levels, BSE SmallCap has too gained by 197 points and is trading at 25,151.85 levels. The stocks trading in green on the BSE Sensex are Bajaj Finserv, Power Grid Corporation of India, NPTC, and Tata Steel.

The Nifty 50 index similarly climbed by 77 points and is now trading at 15,912.85 levels. Bank Nifty also soared by 199 points to trade at 34,140.40 levels. The top gainers on Nifty 50 are Tata Motors, Hindalco Industries, and NTPC. While, Britannia, Hero MotoCorp, ITC, Bajaj Auto, and Mahindra & Mahindra are the top loser.

 As investors await the Reserve Bank of Australia's rate decision, Asian stocks are trading higher. According to reports, the Reserve Bank of Australia will increase interest rates by 50 basis points later today. As per the data released by the Commerce and Industry Ministry on Monday, India's merchandise trade deficit rose to $25.6 billion in June 2022, 62% higher than June 2021 as a continuing global commodity super cycle kept the prices of key energy and metal imports high.

The strength is positive at present. 1,760 shares increased and 543 shares decreased on the BSE. 90 shares in all remained unchanged. On July 4, shares worth Rs 2,149.56 crore were sold by foreign portfolio investors (FPIs), while Rs 1,688.39 crore worth of shares were bought by domestic institutional investors (DIIs).

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Trust Fintech IPO Subscribed 108.63 times

Trust Fintech IPO is book-built issue of ₹63.45 crores, consisting entirely of fresh issue shares totalling 62.82 lakh. Trust Fintech IPO commenced its subscription period on March 26, 2024, & concludes today, March 28, 2024.

Aspire & Innovative IPO Subscribed 15.17 times

Aspire & Innovative IPO is a book built issue of Rs 21.97 crores. The issue comprises entirely a fresh issue of 40.68 lakh shares. Aspire & Innovative IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Aspire & Innovative IPO is expected to be finalized on Monday, April 1, 2024.

Blue Pebble IPO Subscribed 56.32 times

Blue Pebble IPO, valued at ₹18.14 crores, comprises fresh issue of 10.8 lakh shares. Commencing subscription on March 26, 2024, Blue Pebble IPO is set to conclude on March 28, 2024. Allotment process is scheduled to be finalized by Monday, April 1, 2024. Following this, IPO is slated to debut on NSE SME, with tentative listing date of Wednesday, April 3, 2024.