What is the current performance of the Indian stock market?

The Indian stock market is trading with modest gains, with the Nifty index trading above the 25,150 mark.

How are IT stocks performing in the current trading session?

IT stocks have advanced after declining in the past two consecutive trading sessions, with major companies like LTIMindtree, Infosys, and Tata Consultancy Services contributing to the sector's rebound.

What are the key factors influencing the Indian stock market today?

Investors are closely monitoring the anticipated India-US trade deal and the latest trends in the IPO market, which are expected to have a significant impact on the market's trajectory.

Home / Business and Economy / Indian Stocks Gain on Positive Global Cues and Trade Deal Hopes

Indian Stocks Gain on Positive Global Cues and Trade Deal Hopes

23 Jul

•

Summary

Domestic indices trade with modest gains
IT shares advance after recent declines
Investors monitor IPO activity and India-US trade deal

In the current trading session, domestic equity indices are trading with modest gains, supported by positive global cues. Investors are closely monitoring the ongoing developments, including the anticipated India-US trade deal and the latest trends in the IPO market.

The benchmark S&P BSE Sensex has advanced by 376.80 points, or 0.46%, to reach 82,574.42, while the Nifty 50 index has added 111.55 points, or 0.44%, to trade at 25,167.45. The broader market has seen a mixed performance, with the S&P BSE Mid-Cap index declining by 0.15% and the S&P BSE Small-Cap index shedding 0.10%.

The IT sector has been a standout performer, with the Nifty IT index gaining 0.49% to 37,041.05 after declining in the past two consecutive trading sessions. Major IT companies, including LTIMindtree, Infosys, HCL Technologies, and Tata Consultancy Services, have contributed to the sector's rebound.

Overall, the market sentiment remains cautiously optimistic as investors closely monitor the evolving trade dynamics and the upcoming IPO pipeline, which could significantly impact the market's trajectory in the near future.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.