Market Update: Positive Sentiment Prevails with 2,410 Stocks Advancing

Market Update: Positive Sentiment Prevails as Benchmark Indices Soar

In the ongoing trading session, the Indian stock market is witnessing a positive sentiment as benchmark indices are trading higher. The Sensex has surged by 0.52 per cent, while the Nifty has also seen a rise of 0.49 per cent.

The broader market indices are also experiencing a rally, with the Nifty Mid-cap up by 1.07 per cent and the Nifty Small-cap showing a gain of 1.32 per cent.

However, market volatility has increased as indicated by the India VIX, which has zoomed by 3.06 per cent.

In terms of sectoral performance, Nifty Media and Nifty Realty are among the top gainers, while Nifty Pharma and Nifty FMCG are underperforming.

Overall, the market sentiment remains positive with 2,597 stocks advancing compared to 1,263 stocks declining.

Earlier in the day, the market opened on a positive note with the Sensex trading higher at 0.43 per cent and the Nifty soaring by 0.35 per cent. The Nifty Mid-cap and Nifty Small-cap indices also witnessed gains.

The positive momentum in the market comes after a five-day losing streak, with the Sensex closing up by 1.62 per cent and the Nifty up by 1.76 per cent.

Global markets also ended higher on Friday, with Wall Street’s major indexes posting gains. Investors are optimistic about the Federal Reserve potentially cutting interest rates soon.

Foreign institutional investors (FIIs) turned net buyers on July 26, purchasing equities worth Rs 2546 crore, while domestic institutional investors (DIIs) continued their buying spree, acquiring equities worth Rs 2774 crore.

Overall, the market outlook remains positive, with investors keeping a close watch on key developments and sectoral performances.

Disclaimer: The article is for informational purposes only and not investment advice.