Sensex and Nifty News: Indices Close Higher as Financial Stocks Lead Market Rebound

Market Performance: Sensex and Nifty End Higher on July 8

On Tuesday, July 8, benchmark Indian indices — the Sensex and Nifty 50 — ended the trading session in positive territory, buoyed by gains in heavyweight financial stocks.

• Sensex climbed 270 points or 0.32% to finish at 83,712.51
• Nifty 50 advanced 61 points or 0.24% to close at 25,522.50

Despite the positive close, broader markets saw mixed sentiment:

• BSE Midcap Index: Ended almost flat
• BSE Smallcap Index: Declined 0.17%

Main News: Financial Stocks Drive Market Momentum

Financial heavyweights played a central role in pushing the indices upward. Notably, HDFC Bank, Kotak Mahindra Bank, and ICICI Bank were among the key contributors to the rally.

However, uncertainty over an India–US trade agreement restrained more substantial gains. Market sentiment remained cautiously optimistic, with investors awaiting concrete developments regarding the deal.

The session also marked a significant intraday recovery:

• Sensex rebounded nearly 400 points from the day's low
• Nifty 50 reversed early losses to finish firmly above the 25,500 mark

Company Details: Top Gainers and Losers in Nifty 50

Top Gainers

Among the 50 stocks on the Nifty 50 index, 27 closed with gains. The top performers included:

• Kotak Mahindra Bank: +3.45%
• Eternal: +1.97%
• Asian Paints: +1.85%

Top Losers

On the flip side, Titan Company led the decline, followed by pharmaceutical and auto majors:

• Titan Company: -5.88%
• Dr. Reddy's Laboratories: -2.02%
• Bajaj Auto: -1.44%

Sectoral Indices Snapshot

Performance across sectoral indices on the NSE was mixed:

Top Performing Sectors

• Nifty Bank: +0.54% to 57,256
• Private Bank Index: +0.66%
• Financial Services Index: +0.68%

Underperforming Sectors

• PSU Bank Index: -0.25%
• Nifty Consumer Durables: -2.29%
• Pharma & Healthcare Indices: Nearly 1% each

Most Active Stocks by Volume

Heavy activity was seen in several low-priced and high-interest stocks. The top three by traded volume were:

• Jaiprakash Power Ventures: 70.88 Crore shares
• Vodafone Idea: 44.42 Crore shares
• Alok Industries: 43.84 Crore shares

Stock Movements: Double-Digit Gainers and Losers

Stocks Surging Over 10%

• AKI India: +19.93%
• Sambhv Steel Tubes: +14.90%
• Filatex Fashions: +13.11%

Stocks Falling Over 10%

• Nectar Lifesciences: -20.02%
• Rajdarshan Industries: -10.01%

Market Breadth: Advance-Decline Ratio

The trading session saw 4,167 stocks traded on the BSE:

• Advances: 1,948 stocks
• Declines: 2,081 stocks
• Unchanged: 138 stocks

This indicates a slightly negative market breadth, despite gains in benchmark indices.

Circuit Breakers: Upper and Lower Circuits

Stocks Hitting Upper Circuit (86 Stocks)

Some notable names include:

• Venus Remedies
• Godavari Biorefineries
• Oriana Power
• Gabriel India
• Ellenbarrie Industrial Gases

Stocks Hitting Lower Circuit (62 Stocks)

Among them:

• Onward Technologies
• Net Avenue Technologies
• Indef Manufacturing

52-Week Highs and Lows

Stocks Hitting 52-Week High (128 Stocks)

Prominent names:

• Apollo Hospitals Enterprise
• Divis Laboratories
• SRF

Stocks Hitting 52-Week Low (51 Stocks)

Included:

• Protean eGov Technologies
• SpiceJet

Additional Factors Supporting Market Recovery

1. Trade Deal Optimism

Hopes of an imminent India–US mini trade deal played a key role in investor confidence. Key sectors, such as textiles and leather, may benefit from reduced tariffs, although agricultural products are unlikely to be included.

2. FII and DII Activity

• Foreign Institutional Investors (FIIs): Net buyers of ₹321.16 Crore
• Domestic Institutional Investors (DIIs): Net buyers of ₹1,853.39 Crore

3. Crude Oil Prices Fall

• Brent Crude declined 0.36% to $69.33/barrel, easing inflation concerns.

4. Positive Asian Markets

Regional support came from:

• Kospi
• Nikkei 225
• SSE Composite
• Hang Seng

All closed in the green.

5. Stronger Rupee

• INR appreciated by 22 paise to ₹85.72/USD, helped by lower crude prices and rising FII inflows.

Summary of the Article

In today's Sensex and Nifty news, Indian benchmark indices posted solid gains, with the Sensex rising 270 points and the Nifty surpassing 25,500, driven by strong performance in the financial sector. Optimism over an India–US trade agreement, firm Asian cues, easing crude oil prices, and continued foreign inflows provided tailwinds to market sentiment.

However, broader market trends remained mixed, with more stocks declining than advancing. While top-tier financials led the charge, select stocks and sectors saw sharp moves in both directions, highlighting the continued cautious optimism among investors.