Nifty Up by 85 Pts & Sensex Gains 146 Pts on July 15, 2024

Nifty ? ? ? ??24,586 [+84.55] 0.35

Sensex ? ?80,664 [+145.52] 0.18

Reasons for Market Up?

• The market sentiment was bolstered by positive expectations from the upcoming Union Budget, which is anticipated to be pro-growth.?

• Investors were hopeful for policy measures and reforms that could support economic recovery and corporate earnings.

• There was a return of foreign capital inflow into Indian markets, which added to the positive sentiment. Robust FIIs inflows indicate confidence in the Indian economy and its growth prospects, contributing to the upward movement in stock prices.

• Better-than-expected Q1 earnings from Indian companies boosted investor confidence. Positive earnings reports from key companies supported the overall bullish trend in the market today.

Top 3 Stocks That Gained The Most?

Nifty?

ONGC:? +5.18?

SBI Life:? +2.95

Shriram Finance:? +2.88

Sensex?

SBI: +2.55

NTPC: +2.23?

UltraTech Cement:? +1.98?

Sectors of the Day?

Nifty PSU Bank:? +3.07?

Nifty Oil & Gas:? +1.99

Nifty Media:? +1.53

IPO Performance

• Kataria Industries Limited IPO will be open for bidding from July 16 to July 19, 2024, with shares priced at ?91 to ?96 per share.?

• Macobs Technologies Limited IPO will be open for bidding from July 16 to July 19, 2024, with shares priced at ?71 to ?75 per share.?

• Sahaj Solar Limited IPO’s allotment is scheduled for July 16, 2024.?

Key Events to Track For 16th July 2024?

• Monitor international markets for any significant developments or trends that could impact Indian markets.?

• Keep an eye on scheduled economic data releases such as GDP figures, industrial production data, or inflation reports, as they can influence market sentiment and direction.?

• Track earnings announcements from major companies across sectors, to gauge the health of the corporate sector and anticipate market reactions.?

• Stay informed about any policy announcements or decisions by the Indian government, as they can impact market sentiment and specific industries.?

• Stay updated on global events as they can affect Indian markets and investor sentiment.

Subscribe to our newsletter for daily updates now!