Indian Markets Surge as FM Highlights Focus on Employment, Middle Class, and Skilling
On July 22, foreign institutional investors (FIIs) bought equities worth Rs 3,444 crore, while domestic institutional investors sold equities worth Rs 1,652 crore.
Market Update at 11:10 AM: Indian markets recovered from the lower levels and were seen trading back in green. The Nifty was up by 0.10 per cent at 24,533 and Sensex was up by 146 points or 0.18% at 80,654.
The reovery in the markets is seen as Finance Minister begins speech of Union Budget. Finance Minister Nirmala Sitharaman Says Focus On Employment, Middle Class, Skilling.
Market Update at 9:40 AM: On Tuesday, Indian markets opened trading session on a flat note. In contrast to this, the Broader indices displayed negative performance.
The Sensex is trading flat at 0.01 per cent above the 80,509 mark while the Nifty has also dipped by 0.03 per cent placed at 24,500.10 level.
Whereas, in the broader, the Nifty Mid-cap declined by 0.22 per cent trading below the 56,498 level and the Nifty Small-cap plunged by 0.50 per cent.
India VIX has declined by 0.87 per cent, indicating a slight decrease in market volatility.
Within the sectoral landscape Nifty FMGC, Nifty Auto and Nifty Realty was among the top gainers while Nifty Metal and Nifty Media are the major sectors which is underperformed.
About 1,437 stocks are advancing as against to 1,643 stocks that are declining, thus indicating a negative sentiment in the broader market.
Pre market: The Indian benchmark indices ended lower for the second straight session on July 22 as traders were cautious ahead of the Union Budget announcements.
At the close, the Sensex was down 79.43 points or 0.10 per cent at 80,525.22, and the Nifty was down 21.60 points or 0.09 per cent at 24,509.30. The GIFT Nifty is trading higher, indicating a positive start for the day. Nifty futures were trading at 24,551.5.
On Wall Street, the three major benchmarks ended higher on Monday as investors returned to megacap growth stocks. This helped both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April.
The S&P 500 gained 59.41 points, or 1.08 per cent, to 5,564.41 points, while the Nasdaq Composite climbed 280.63 points, or 1.58 per cent, to 18,007.57. The Dow Jones Industrial Average rose 127.91 points, or 0.32 per cent, to 40,415.44.
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On July 22, foreign institutional investors (FIIs) bought equities worth Rs 3,444 crore, while domestic institutional investors sold equities worth Rs 1,652 crore.
Disclaimer: The article is for informational purposes only and not investment advice.