Stock Market LIVE: GIFT Nifty indicates flat start for Indian bourses; Asian markets trade higher

Stock Market LIVE on July 09, 2024: BSE Sensex rose 0.14 per cent or 113 points to 80,073.38 levels while Nifty50 jumped 0.17 per cent or 43 points to 24,363.10 levels

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Stock Market LIVE on Tuesday, July 09, 2024: Benchmarks opened higher on Tuesday tracking mixed global signals.

BSE Sensex rose 0.14 per cent or 113 points to 80,073.38 levels while Nifty50 jumped 0.17 per cent or 43 points to 24,363.10 levels.

Maruti, ITC were the top gainers while Reliance Industries, Tech Mahindra were the top laggards on BSE.

Similarly, on NSE, Maruti, Britannia were the top gainers while Reliance, Tech Mahindra were the top laggards.

Broader markets were buzzing in trade after hitting record highs on Monday. Nifty SmallCap rose 0.67 per cent while MidCap was trading 0.57 per cent higher.

All the sectors were trading in the green. Nifty Consumer Durables was the top gainer, up nearly 1 per cent.

9:35 AM

Swan Energy zooms 5% after Blackrock affiliates acquire stake worth Rs 304 cr

9:29 AM

Affle (India) surges 6% after Citi initiates coverage

9:24 AM

Nifty Consumer Durables, Media, and Auto lead sectoral trends

9:22 AM

Maruti, Cipla, M&M gain on NSE

9:21 AM

Broader market outperform

9:19 AM

Heatmap check

9:18 AM

Opening bell: Nifty50 rises above 24,350

9:16 AM

Opening bell: Sensex jumps 160 points in early trade

9:15 AM

View: Markets exhibit strength, no signs of a sharp correction despite high valuations

The market is exhibiting strength and is showing no signs of a sharp correction despite the high valuations. A healthy trend in the market is that fundamentally strong largecaps are seeing buying.

The rising accumulation and delivery based buying in largecaps like RIL and ITC is a reflection of this healthy trend. It appears that the market is waiting for triggers for a breakout from the present levels.

This trigger may come from the Q1 results starting this week. If the management commentaries from the IT majors are positive, that can trigger an up move led by IT stocks. Another trigger for a breakout can come from the Budget to be presented on 23rd of this month.

Since the economy is in a sweet spot the finance minister is in a position to offer relief to the middle class through income tax reliefs while simultaneously moving firmly on the path of fiscal consolidation. And if the status quo is maintained on taxation of capital gains, the market is likely to give a thumbs up to the Budget.

(View By: Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.)

9:13 AM

Rupee opens flat at $83.50

9:11 AM

Pre-open: Sensex surges over 100 points

9:09 AM

Pre-open: Nifty settles at 23,350

8:56 AM

Russian tycoons pocket $11 bn in dividend incomes on war economy boom

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8:46 AM

MobiKwik wallet numbers rise as banking players go through downturn

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MobiKwik

8:36 AM

Robust FY25 volume outlook to sustain gains for consumer major Marico

The stock of consumer major Marico was up 3.9 per cent in trade on Monday after the company reported a robust June quarter performance in a pre-quarterly update. Further, the management indicated that domestic volume growth should witness an improvement in FY25 while other segments (growth portfolio, international business) too would see traction going ahead. READ MORE

FMCG, Marico, Parachute