The Indian stock markets are displaying resilience today with both the Nifty 50 and BSE Sensex touching new all-time highs. As of the latest update the Nifty 50 is trading at 24,622.35 up 0.038% or 9.35 points. It has ranged between 24,504.45 and 24,678.90 today so far with the latter being its new record high.
Nifty 50 Index: TradingView
Similarly the BSE Sensex is at 80,800.96 up 0.10% or 84.41 points, having moved between 80,390.37 and 80,910.45 so far and with the upper end marking its fresh peak.
Analysts suggest the Nifty’s near-term uptrend remains intact with potential to reach 24,900 soon while finding immediate support at 24,450. Today is crucial for market watchers as 45 companies including IT giant Infosys are set to announce their quarterly results.
Among the top gainers Tata Consultancy Services leads the pack. TCS opened at 4,160.00 and has reached a high of 4,298.00 above its previous close of 4,178.45. The stock is currently trading at 4,291.15 marking a 2.70% increase for the day so far.
Source: NSEIndia
Larsen & Toubro Infotech follows closely opening at 5,605.00 and touching a high of 5,778.00. It’s now trading at 5,673.45 up 2.00% from its previous close of 5,562.35.
Bajaj Finserv has shown strong performance opening at 1,606.00 and reaching 1,637.05. Currently at 1,635.00 it’s up 1.58% from yesterday’s close of 1,609.55.
Oil and Natural Gas Corporation opened at 325.10 and hit a high of 331.60. Now trading at 326.35 it’s up 1.15% from its previous close of 322.65.
Mahindra & Mahindra started at 2,756.00 and reached 2,798.00. It’s currently at 2,787.60 showing a 1.12% gain from its last close of 2,756.75.
Wipro opened at 556.55 and touched 566.50. Now at 565.80 it’s up 1.09% from yesterday’s 559.70 close.
Infosys which is set to announce results today opened at 1,719.00 and hit 1,746.00. It’s now at 1,744.20 up 1.05% from its previous close of 1,726.05.
State Bank of India started at 880.65 and reached 893.50. Currently at 888.70 it’s up 0.91% from its last close of 880.70.
HCL Technologies opened at 1,558.05 and touched 1,583.00. Now at 1,581.65 it has gained 0.77% from yesterday’s 1,569.55 close.
ITC rounds out the top 10 opening at 463.00 and hitting 469.30. It’s now trading at 469.05 up 0.75% from its previous close of 465.55.
With major companies reporting earnings and markets at record highs we are keenly watching for further cues on market direction.
