• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Sensex Closes At All-Time High, Tech Stocks Lead Rally

OMMCOM NEWS by OMMCOM NEWS
July 12, 2024
in Business
Sensex

Mumbai: Indian equity benchmarks closed in the green following a rally in IT stocks on Friday.

At closing, the Sensex was 622 points or 0.78 per cent, at 80,519 and Nifty was 186 points or 0.77 per cent, at 24,502.

During the day, the Sensex and Nifty both made new all-time highs of 80,893 and 24,592 respectively.

The market was mainly driven by tech stocks.

The share price of Tata Consultancy Services (TCS) surged to a high 6.6 per cent after being the first major IT firm to report its June quarter results for the financial year 2024-25 (FY25) on Thursday.

Other tech stocks, including Tech Mahindra, Infosys, and HCL Tech also showed positive momentum due to the result.

Rupak De, Senior Technical Analyst, LKP Securities said, “The sentiment looks positive from here, as the indicators and popular overlays indicate a continuation of strength.

“Support is visible at 24,400. The buy-on-dips strategy should favour the street until Nifty falls below 24,400. On the higher end, the current rally might extend towards 24,800.”

Trading in midcap and smallcap remained snubbed as compared to largecap.

The Nifty Midcap 100 index closed at 57,173, up 25 points or 0.04 per cent, and the Nifty Smallcap 100 index closed at 18,949, up 29 points or 0.16 per cent.

Apart from IT stocks, Pharma, FMCG, and energy index were top gainers.

PSU Bank, Realty, and PSE index were major laggards.

Vaibhav Vidwani, Research Analyst at Bonanza Portfolio said, “Inflation cooled more than expected. US CPI rose 3 per cent year-on-year in June 2024 versus a forecast of 3.1 per cent. This news made investors change their investment approach.

“The market is optimistic that this improvement in inflation could lead the Federal Reserve to start easing monetary policy by this September.”

(IANS)

Tags: HCL TechInfosysNiftySensexTech Mahindra
ShareTweetSendSharePinShareSend
Previous Post

Voting For 11 Maharashtra Legislative Council Seats Ends, 274 MLAs Cast Votes

Next Post

Delhi CM Kejriwal’s Judicial Custody In CBI Case Extended Till July 25

Related Posts

Business

India, Kyrgyzstan Ratify Bilateral Investment Treaty

June 5, 2025
Business

India commits $20 billion for maritime infrastructure development: Sarbananda Sonowal

June 5, 2025
Business

Indian Maritime Firms Bag Shipbuilding Orders At Oslo Meet

June 5, 2025
Business

Lok Sabha Speaker Om Birla Highlights India’s Resilient Growth At BRICS Parliamentary Forum

June 5, 2025
Business

Sensex, Nifty End In Green Ahead Of RBI MPC Decision

June 5, 2025
Business

Centre Eases SEZ Norms In Big Push To Semiconductors, Electronic Parts

June 5, 2025
Next Post

Delhi CM Kejriwal's Judicial Custody In CBI Case Extended Till July 25

Indian Railways Achieves Record Coal Loading Of 728 Million Tons In 2023-24

June 25 To be Celebrated As 'Samvidhaan Hatya Diwas', Every Year

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.