Sensex, Nifty Today: Why Markets Are Trading Higher Despite Bank And FMCG Weakness

I dia
equities
emai ed
a gebou d
with
a
mild
positive
bias
i
Mo day& squo;s
late-mo i g
t ade,
with
gai s
i
IT,
ealty
a d
select
auto
stocks
offset
by
weak ess
i
Ba ks
a d
FMCG
cou te s.
The
BSE
Se sex
was
at
78,605.08,
up
105.91
poi ts
o
0.13
pe
ce t,
while
the
Nifty
50
t aded
at
24,597.05,
highe
by
26.40
poi ts
o
0.11
pe
ce t.
The
Nifty
moved
withi
a
I t aday
a ge
of
24,511.10
to
24,620.95.

The
b oade
ma ket
showed
bette
st e gth
tha
the
f o tli e
i dices.
The
Nifty
Midcap
100
climbed
0.72
pe
ce t
to
63,918.60,
with
55
of
its
100
co stitue ts
t adi g
highe .

The
Nifty
Smallcap
100
was
up
a ou d
0.17
pe
ce t
at
19,900.85
a ou d
11:34
am.
Ba ks
emai ed
u de
p essu e,
with
the
Nifty
Ba k
slippi g
0.09
pe
ce t
to
57,696.65,
as
10
of
its
14
co stitue ts
t aded
i
the
ed.
Nifty
Realty
eme ged
as
the
st o gest
secto al
i dex,
isi g
1.44
pe
ce t,
with
all
10
co stitue ts
adva ci g.

Nifty
IT
gai ed
0.98
pe
ce t,
while
Nifty
Auto
ose
0.57
pe
ce t.
Softe
US
employme t
data
a d
educed
expectatio s
of
a
immediate
US
ate
hike
suppo ted
se time t
a ou d
tech ology
stocks.
O
the
othe
side,
Nifty
PSU
Ba k
fell
0.59
pe
ce t,
while
Nifty
FMCG
decli ed
0.25
pe
ce t.

Hitachi
E e gy
I dia
su ged
10.20
pe
ce t
to
Rs
35,925,
becomi g
o e
of
the
st o gest
midcap
pe fo me s.
Its
Q1
FY27
eve ue
g ew
68.6
pe
ce t
yea -o -yea ,
while
o de s
i c eased
26.1
pe
ce t
a d
the
o de
backlog
touched
a
eco d
Rs
32,222.1
c o e.
Paytm
jumped
8.36
pe
ce t
to
Rs
1,562
afte
a
f esh
a alyst
ta get-p ice
upg ade
above
its
IPO
p ice
st e gthe ed
se time t
a ou d
the
fi tech
stock.

Sky
Gold
a d
Diamo ds
allied
9.53
pe
ce t
to
Rs
787.80
afte
Q1
FY27
et
p ofit
jumped
141
pe
ce t
yea -o -yea
a d
eve ue
i c eased
78
pe
ce t.
I
co t ast,
Ola
Elect ic
fell
as
much
as
6
pe
ce t
to
Rs
38.58
i
ea ly
t ade
afte
eve ue
f om
ope atio s
decli ed
45
pe
ce t
yea -o -yea ,
despite
its
qua te ly
loss
a owi g
to
Rs
336
c o e.
Fo
the
latest
completed
sessio
o
F iday,
August
7,
FIIs
we e
et
buye s
of
Rs
480.24
c o e,
while
DIIs
bought
equities
wo th
Rs
235.56
c o e
o
a
et
basis.

Also
Read
:& bsp;Ba k
Holidays
This
Week
(August
10-16):
SBI,
HDFC,
ICICI,
PNB
To
Remai
Closed
O
These
Days

P ovisio al
i stitutio al
activity
fo
August
10
will
be
available
afte
the
ma ket
closes.
Asia
ma kets
t aded
mostly
highe
afte
Wall
St eet
closed
at
eco d
highs
followi g
softe
US
jobs
data.
Japa & squo;s
Nikkei
gai ed
2
pe
ce t
a d
South
Ko ea& squo;s
Kospi
ose
0.8
pe
ce t.

Howeve ,
c ude
emai ed
a
co ce
fo
I dia,
with
B e t
isi g
0.6
pe
ce t
to
USD
84.04
pe
ba el
amid
u ce tai ty
ove
shippi g
th ough
the
St ait
of
Ho muz.
Fo
the
est
of
the
sessio ,
the
Nifty& squo;s
24,500-24,510
zo e
emai s
the
immediate
suppo t
a ea,
while
the
i t aday
high
ea
24,621
is
the
fi st
hu dle.

I vesto s
will
also
t ack
Q1
ea i gs,
c ude
oil
moveme ts
a d
the
US
July
CPI
data
due
Wed esday,
which
could
eshape
expectatio s
a ou d
the
Fede al
Rese ve& squo;s
Septembe
policy
decisio .
Ma ket
levels
ca
cha ge
quickly
du i g
the
sessio ,
so
the
moves
above
should
be
viewed
as
a
s apshot
athe
tha
a
t adi g
call.

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