In today’s trading session the stock market showed positive momentum. The BSE Sensex closed with a gain of 99.56 points at 81,455.40 while the Nifty 50 added 21.20 points to reach 24,857.30. The Nifty Bank index also advanced rising by 93.05 points to 51,499.30. This upward trend follows both the Nifty 50 and Sensex hitting fresh highs yesterday on July 29th.
Nifty 50 Index Chart: TradingView
The ongoing Q1 FY24-25 earnings season has seen results from 653 out of 4,585 companies so far. Revenue growth year-over-year stands at 12.71% while net profit has increased by 5.09%. Today alone 85 companies released their earnings reports.
Tata Motors led the gainers with its stock price rising 3.38% to reach 1,162.00. The company opened at 1,125.80 and touched a high of 1,179.00 before settling at its current price.
NTPC the power generation giant saw its shares climb 3.24% to 406.65. The stock opened at 397.00 and reached a high of 412.70 during the session. NTPC’s solid gains indicate positive sentiment around the energy sector.
Bharat Petroleum Corporation Limited registered a 3.08% increase with its stock closing at 348.30. Opening at 338.55 BPCL’s shares hit a high of 359.05 showcasing renewed interest in the oil marketing company.
Power Grid Corporation saw its stock appreciate by 2.09% to 349.50. The company’s shares opened at 345.00 and reached a peak of 356.95 during trading hours.
Titan Company’s stock rose 1.77% to 3,472.00. Opening at 3,424.95, the luxury goods retailer’s shares touched a high of 3,479.00, reflecting robust consumer demand.
Asian Paints gained 1.63%, closing at 3,003.00. The paint manufacturer’s stock opened at 2,973.50 and hit a high of 3,032.80 during the session.
Bajaj Finserv saw its shares increase by 1.56% to 1,642.40. Opening at 1,614.00, the financial services company’s stock reached a high of 1,669.90.
Adani Enterprises climbed 1.41% to close at 3,133.00. The Adani Group flagship opened at 3,092.00 and touched a high of 3,155.00 during trading.
Coal India stock advanced 1.34% to 519.00. The state-owned coal mining company opened at 512.15 and hit a high of 525.60
IndusInd Bank rounded out the top gainers with a 1.27% increase closing at 1,429.40. The private sector bank’s shares opened at 1,411.50 and reached a high of 1,432.70
