The Sensex and the Nifty 50—closed higher for the fourth consecutive session on Wednesday, July 31, buoyed by positive global cues following the Bank of Japan’s (BoJ) decision to raise interest rates.
The Sensex, showcasing a respectable gain of 286 points (0.35%), ended the day at 81,741.34. Meanwhile, the Nifty 50 climbed 94 points (0.38%), settling at 24,951.15.
This consistent upward trajectory marks a moment of optimism for investors, who seem to be riding the wave of global economic sentiment.
Banking stocks also saw some action, with the Nifty Bank Index nudging up by 54 points to close at 51,553. Not to be left behind, the Midcap Index surged by 368 points, ending the day at 58,991.
From the Sensex basket, the stars of the day included JSW Steel, Asian Paints, Maruti Suzuki India, NTPC, Bharti Airtel, and ITC. These companies basked in the glow of investor favor, contributing significantly to the overall market performance.
However, Tata Motors, Reliance Industries, Infosys, Mahindra & Mahindra, Bajaj Finance, and Power Grid Corporation of India found themselves on the losing end of the spectrum, dragging their feet and somewhat dampening the market's spirited advance.
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