Apollo Hospitals, Hero MotoCorp, Dr Reddy's Labs, ONGC, Maruti Suzuki were among major gainers on the Nifty, while losers were SBI Life Insurance, Kotak Mahindra Bank, Bajaj Finance, JSW Steel, Bajaj Finserv.
Nifty has moved to the new range of 25,200-25,800 after breaking the 24,500-25,000 range it was stuck in earlier, experts noted.
The Nifty 50 held firm above the 25,500 mark on its weekly expiry, while the Sensex gained over 200 points, buoyed by positive global cues and broad market participation.
Analysts expect the market momentum to continue, with Nifty likely to move towards its previous life highs, driven by healthy domestic macros and global environment,
BSE Midcap index ended flat and smallcap index rose 0.5 percent. On the sectoral front, metal, realty, PSU Bank, telecom indices down 0.5 percent each, while pharma, media, oil & gas, auto, consumer durable up 0.3-1 percent.
The frontline indices Nifty 50 and Sensex gave up early gains and settled lower on amid profit booking in the previous session.
Among sectors, metal index was up 1.4 percent, Consumer Durables index added 1 percent, while PSU bank, capital goods, realty, media, power were down 0.4-1.4 percent. The BSE midcap and smallcap index shed 0.2 percent each.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 97,242 per 10 grams on July 2.
Nifty, Sensex fall from morning highs amid profit-taking and increased investor caution, while the broader markets also traded in the red.
According to experts, caution is warranted as economic weakness, rising unemployment, and weak consumer confidence may weigh.
Biggest Nifty losers were Shriram Finance, Bajaj Finserv, IndusInd Bank, Bajaj Finance, L&T, while gainers were Tata Steel, JSW Steel, UltraTech Cement, Maruti Suzuki, Hero MotoCorp. Among sectors, metal index up 1.3 percent, Consumer Durables added 1 percent, while PSU bank, capital goods, realty, media, oil & gas down 0.5-1 percent. The BSE midcap index was down 0.2 percent and smallcap index shed 0.3 percent.
The Nifty 50 remained confined within the Monday’s trading range in the previous session, noted analysts, as the index saw some consolidation.
More than 150 stocks on the BSE touched their 52-week highs, including JK Lakshmi Cement, Endurance Technoogies, City Union Bank, Apollo Hospitals, Federal Bank, Bharat Electronics, Laurus Labs.
Markets ended flat in a volatile session as consolidation returned after last week's rally. Caution prevailed amid sensitive India-US trade talks and profit booking.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 96,471 per 10 grams on July 1.
India VIX dipped after a slight uptick in the previous session as it continues to hover below the psychological mark of 15, indicating a stable and low-volatility environment.
India VIX dipped after a slight uptick in the previous session as it continues to hover below the psychological mark of 15, indicating a stable and low-volatility environment.
Dalal Street's four-day rally came to a halt as investors booked profits, dragging benchmarks lower. However, broader markets defied the trend, rising around 0.5 percent.
Sensex Today | Stock Market LIVE Updates: Apollo Hospitals, Bharat Electronics, Reliance Industries, SBI Life Insurance, Asian Paints were among major gainers on the Nifty, while losers included Axis Bank, Nestle, Shriram Finance, Eternal, Trent.
The outperformance from the broader indices continued on seventh day, with BSE Midcap index rising 0.6 percent and smallcap index adding 0.8 percent.
Experts said that weakness in the dollar index continues to support FII inflows and retail optimism continues to support flows into domestic funds.
The broader market stayed firm, with mid and smallcap stocks extending their winning streak for the seventh consecutive session.
India VIX, the barometer to assess market anxiety, flared up 3 percent to 12.81 levels. Experts say that its resilience to remain below 15 reflects underlying strength in the market.
Markets ended the week with strong gains, driven by easing Israel-Iran tensions and hopes of a US-India trade deal.
Sensex Today | Stock Market LIVE Updates: Tata Consumer, Axis Bank, Kotak Mahindra Bank, Hero MotoCorp, Maruti Suzuki were among major losers on the Nifty, while gainers were Trent, SBI, IndusInd Bank, Bharat Electronics and Jio Financial. On the sectoral front, PSU Bank index rose 2.6 percent, pharma index gained 0.5 percent, while realty, FMCG, auto, metal ended in the red.