Live
- JAIN International Residential School, Bengaluru jointly with The Sports School to announce India’s First Integrated Scholarship Future25
- Sale certificate issued in pursuance to a court's auction not required to be stamped: Supreme Court
- Andhra Pradesh: Jagan flays Chandrababu-led govt for neglect of education
- Sri Lanka issues flood warnings for 12 flood-prone river basin areas
- IPL 2025 Auction: Venkatesh Iyer sold to KKR for Rs 23.75 cr, Stoinis joins PBKS for Rs 11 crore
- Kharge to lead Opposition strategy meeting as Parliament session kicks off on Monday
- Three killed in firing as violence breaks out amid Sambhal mosque survey in UP
- IPL 2025 Auction: Ravichandran Ashwin, Rachin Ravindra return to Chennai Super Kings
- Manipur: After over a week's closure, regular classes to resume in educational institutions
- Govt open to discuss all issues, says Kiren Rijiju on eve of Winter Session of Parliament
Nifty hits fresh record high amid Union Budget optimism
The Indian benchmark indices ended on a positive note on Friday as Nifty touched a fresh record high amid optimism over the upcoming Union Budget that is likely to be presented on July 22.
Mumbai: The Indian benchmark indices ended on a positive note on Friday as Nifty touched a fresh record high amid optimism over the upcoming Union Budget that is likely to be presented on July 22.
Among the top gainers on Nifty were Adani Ports, Eicher Motors, M&M and Shriram Finance while losers included TCS, Tech Mahindra, HCL Technologies and Wipro, among others.
While Sensex closed at 76,992 (up 181 points), Nifty ended the day at 23,465 (up 66 points) while hitting a new high during the trading.
The Nifty remained within the defined range of 23,300-23,500.
“On the higher end, a decisive move above 23,500 might lead to a sharp upside in the near term,” said market experts.
A near-term consolidation seems probable as domestic investors await cues from the upcoming Union Budget.
Meanwhile, the BSE midcap and smallcap gained 1 per cent each. The Bank Nifty continued its consolidation phase.
According to market experts, the Bank Nifty index needs to decisively surpass the 50,200 mark to confirm an upside breakout towards the 51,000 level.
