At the time of writing, 21 of the top 30 Sensex stocks are trading higher, while nine are trading in the red. Of the top 50 NSE stocks, 35 are rising, while 15 are declining.
Sectoral Index Status
Short-term sectoral indices remain bullish. Defense sector stocks are also seeing a slight rise. However, nine stocks in this index are trading with declines. The power and energy sector index is trading in the green. Meanwhile, the auto index is seeing significant gains, trading with a jump of over 426 points. The banking index is also seeing gains.
Today’s Top 5 Gainers
INFY – Infosys
HINDUNILVR – Hindustan Unilever
LT – L&T
TCS – TCS
TECHM – Tech Mahindra
Today’s Top 5 Losers
AXISBANK – Axis Bank
POWERGRID – Powergrid
ADANIPORTS – Adani Ports
BEL – Indian Electronics Limited
INDIGO – Indigo
Other Asian Markets Rise
Most Asian markets are seeing gains. Tokyo, Shanghai, Seoul, and Jakarta were in the red. Only Hong Kong was in the green. The US stock market closed higher on Tuesday, with the Dow Jones Industrial Average gaining over one percent.
Expert Opinion for Investors
Experts said that the market’s current range-bound trend could be broken by well-priced stocks in the Nifty. This could take time. However, large-scale buying by foreign investors requires clear information on crude oil price trends and the progress of the monsoon. The sharp decline in chip stocks in South Korea is beneficial for India.
Foreign institutional investors (FIIs) invested ₹755.33 crore in equities on Tuesday, while domestic institutional investors (DIIs) invested ₹1,664.16 crore in the Indian equity market.