Nifty50

The Sensex hit a record level of 53,292.82 and the Nifty50 touched a new high of 15,970.65 points. Around 10.20 a.m., Sensex was trading at 53,269.01, higher by 318.38 points or 0.60 per cent from its previous close of 52,950.63. The Nifty50 on the National Stock Exchange was trading at 15,964.70, higher by 79.55 points or 0.5 per cent from its previous close.

Healthy buying was witnessed in metal stocks. Around 10.25 a.m., Sensex was trading at 52,977.55, higher by 125.28 points or 0.24 per cent from its previous close of 52,852.27. It opened at 52,995.72 and has so far touched an intra-day high of 53,024.70 and a low of 52,880.58 points. The Nifty50 on the National Stock Exchange was trading at 15,870.55, higher by 46.10 points or 0.29 per cent from its previous close.

An ICICI Securities report said that based on data till July 19, the upcoming semi-annual NIFTY50 reshuffle could result in Info Edge being the closest contender to replace IOCL on September 29. "However, Info Edge is marginally behind in terms of average free-float market capitalisation criteria ($5bn and 3.7 per cent lower than 1.5x that of IOCL."

The BSE Sensex touched an all-time high of 53,290.81 and the Nifty50 on the National Stock Exchange hit a record level of 15,952.35 points. Healthy buying witnessed in telecom, metal and healthcare stocks, while banking stocks fell. Around 10.20 a.m., Sensex was trading at 53,149.24, lower by 9.61 points or 0.02 per cent from its previous close of 53,158.85.

It touched a record high of 15,508.50. Around 10.56 p.m., Nifty was trading at 15,507.10, higher by 71.45 points or 0.46 per cent from its previous close. The BSE Sensex was trading at 51,727.69, higher by 304.81 points or 0.59 per cent from its previous close.

The Indian stock market rose in line with the Asian indices. Healthy buying was witnessed in metal, finance and banking stocks. Around 10 a.m., Nifty was trading at 15,426.60, higher by 88.75 points or 0.58 per cent from its previous close 15,337.85 points.

Both indices - S&P BSE Sensex and NSE Nifty50 - opened higher, but started to fall soon thereafter. After an intra-day bottom, a small recovery was seen. In Asia, stock markets followed Wall Street trends and closed on a high note as inflation fears eased and investors regained an appetite for risk.

"Partial lifting of lockdown will raise hopes of early resumption of economic activities across the country, though gradually. The second Covid wave seems to be coming to an end over the next couple of weeks. This expectation has lifted sentiments in the equity markets," said Deepak Jasani- Head of Retail Research at HDFC Securities.

The Nifty on the National Stock Exchange also traded above the psychological level of 15,000 points. The across-the-board gains were led by banking and finance stocks. At 10.22, Sensex was trading at 50,156.73, higher by 591.87 or 1.19 per cent from the previous close of 49,564.86 points.

Around 10.26 a.m., Sensex was trading at 50,083.31, lower by 110.02 points or 0.22 per cent from its previous close of 50,193.33. It opened at 50,088.81 and has so far touched an intra-day high of 50,279.01 and a low of 50,015.57. The Nifty50 on the National Stock Exchange was trading at 15,087.20, lower by 20.90 points or 0.14 per cent from its previous close.