The 30-share BSE Sensex went up 182.62 points to 66,205.86 in early trade, adding to the gain it made the day before. The Nifty went up 54.35 points to 19,866.20.

Wipro, Asian Paints, Nestle, Mahindra & Mahindra, Bajaj Finserv, IndusInd Bank, and ITC were the ones that did the best on the Sensex.

The last ones to move were UltraTech Cement and Hindustan Unilever.

On Asian markets, Shanghai prices went up, while Seoul and Hong Kong prices went down.

The US stock market finished Wednesday with gains.

As a measure of the world’s oil market, Brent crude fell 1.33% to USD 80.87 a barrel.

“The 10-year US bond yield is hovering around 4.40 percent, and the number of FII sales is going down, which is good news for the market,” said V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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According to records from the exchange, foreign institutional investors (FIIs) sold stocks worth ₹306.56 crore on Wednesday.

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To end the day at 66,160.20, the 30-share BSE Sensex dropped 106.62 points, or 0.16 percent. It dropped down 388.17 points or 0.58 percent over the day to a low of 65,878.65.

The NSE Nifty finished at 19,646.05. It was down 13.85 points, or 0.7%.

Although encouraging, the US Q2 GDP statistics that came in higher than projected dampened sentiment on the local market because it hinted at the possibility of another rate hike. The uncertainty was increased by the Fed chairman’s remarks on a data-centric strategy without discounting rate increases.

“Also contributing to market volatility were the FII’s reversal of the buying trend and the increase in US bond yields. Despite rumours that the BOJ might remove support measures, the decision to keep the policy rate helped Asian markets to remain broadly upbeat, according to Vinod Nair, Head of Research at Geojit Financial Services.

The Sensex pack’s biggest laggards included Bajaj Finserv, HDFC Bank, Tata Motors, HCL Technologies, Tata Consultancy Services, Axis Bank, Infosys, IndusInd Bank, Tech Mahindra, and Maruti.

The winners included NTPC, Power Grid, Mahindra & Mahindra, JSW Steel, Bajaj Finance, ITC, and Reliance Industries.

The BSE midcap gauge and smallcap index both increased in the overall market by 0.55 and 0.49 percent, respectively.

Among the indexes, utilities increased by 2.61%, power increased by 2.57%, real estate increased by 1.92%, services increased by 1.01%, FMCG decreased by 0.85%, and commodities decreased by 0.56%.

Oil & gas fell by 0.28 percent, telecommunications by 0.12%, IT by 0.67 percent, and Teck by 0.69 percent.

Markets continued the current consolidation period by trading in a small range and ending nearly unaltered, according to Ajit Mishra, SVP – Technical Research, Religare Broking Ltd.

Real estate and FMCG made slight gains, although pressure in IT and banks restrained gains, keeping traders busy, according to Mishra.

While Tokyo settled lower on Asian markets, Seoul, Shanghai, and Hong Kong all finished in the black. European stock markets were trading under a range of conditions. On Thursday, the US markets finished in the red.

Brent crude, the benchmark for all crude oil, was down 0.42 percent at USD 83.89 per barrel.

According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock on Thursday totaling Rs 3,979.44 crore.

The Nifty dropped 118.40 points or 0.60 percent to conclude at 19,659.90, while the BSE benchmark fell 440.38 points or 0.66 percent to close at 66,266.82.

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The Nifty 50 and the Sensex both reached fresh all-time highs on Thursday, as benchmark stock market indices concluded on a positive note.

The Sensex rose 0.71 percent to settle at 67,571.90, while the Nifty 50 index closed 0.74 percent higher at 19,979.15, moving closer to the important 20,000 level. The momentum garnered by broader market indices reversed the losses witnessed in early trade.

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The surge was headed by Reliance Industries, a heavyweight company, which rose 1.54 percent after the demerger with Jio Financial Services led to a new price discovery. Other top gainers were Nifty Bank, Nifty FMCG, and Nifty Pharma.

However, the Nifty IT index fell 0.66 percent as IT stock prices fell. Notably, Infosys was the biggest loser on the Nifty 50 prior to the release of its June quarter earnings.

Individual equities also experienced major changes, with shares of ITC rising 2.78 percent to a new record high on rumours that the company’s hotels division might be demerged in August.

Additionally, Dr Reddy’s Laboratories increased by 2% following the US FDA’s clean inspection result for its Andhra Pradesh facility.

According to Stock Market Today’s (SMT) V.L.A. Ambala, a SEBI Registered Research Analyst, bearish patterns are being overlooked as the market keeps setting new records and goes on a “bull run”

“On the technical front, after a minor gap down opening, the index traded sideways with low volumes in the first half,” stated Riches Vanara, Technical And Derivatives Analyst, StoxBox. However, we witnessed some excellent short covering in the second half, which caused call writers to become seriously trapped as the index hit a new all-time high, keeping the mystical figure of 20,000 inches at a distance.

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