Indian markets are positive in early trading amid a rise in global stocks. The Sensex had climbed by 547.83 points on July 27, 2022. In contrast, the Nifty rose by 157.95 points.
In early trading, Indian markets are bullish amidst a surge in global shares. On July 27, 2022, the Sensex had increased by 547.83 points. Nifty on the other hand had increased by 157.95 points.
On Thursday, benchmark indices got off to a strong start in trading, with the Sensex adding over 542 points to its previous value as it followed a surge in equity markets around the world. The benchmark for the BSE consisting of 30 shares rose 542.18 points to 56,358.50. The broader NSE Nifty index gained 147.45 points, moving up to a value of 16,789.25.
Indian market players that were bullish or bearish
During the early stages of trading, the Sensex components that saw the most significant price increases were Bajaj Finance, Bajaj Finserv, IndusInd Bank, Tata Steel, Infosys, Wipro, Tech Mahindra, and Kotak Mahindra Bank.
Among the companies that were performing poorly were Dr. Reddy’s, Sun Pharma, Bharti Airtel, and UltraTech Cement.
Asian markets
In Asia, markets in Seoul, Shanghai, and Tokyo were trading higher, while Hong Kong quoted lower. Hong Kong was the only market in Asia to trade lower.
Read also: Wall Street saw new highs & Japanese inflation decreased: Asian stock markets substantially higher
American market trends and its impacts
Wednesday was a very profitable day for investors in the United States markets, all of whom closed with gains. According to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “Even after the 75 basis point (bps) consecutive rate hike by the Fed and indication that another unusually large increase would be appropriate in the next meeting, the US markets staged a smart bounce back with S&P 500 and Nasdaq rising by 2.62 per cent and 4.06 per cent, respectively,”
According to Siddarth Bhamre, Head of Research at Religare Broking Limited, the increase of 75 basis points had already been discounted by the markets; nevertheless, it was the guidance which pleased the US markets that resulted in a higher closing price.
Closing prices of the Indian markets on Wednesday
Wednesday’s closing price of 55,816.32 represented a gain of 547.83 points, or 0.99 percent, compared to the previous day’s value. To reach a new high of 16,641.80, the Nifty had gained 157.95 points, or 0.96 percent.
Read more: Wipro’s share price dropped by 2%, After Q1 results missed Market expectations.
