Markets in green; Sensex holds 53k, Nifty 50 near 15,870; Axis Bank, Kotak, Tata Motors, L&T in focus ahead of Q1; Titan, Infosys, Sun Pharma top bulls

Media, IT and realty stocks outperformed, while other sectoral indices witnessed lacklustre demand.

Jul 26, 2021 10:07 IST India Infoline News Service

Stock market report with bull and bear
Indian markets traded on a positive note with Sensex maintaining over 53,000-mark. Nifty 50 performing near 15,880-level. However, the upside was at a slower pace. Media, IT and realty stocks outperformed, while other sectoral indices witnessed lacklustre demand. The domestic equities tracked a mixed global cues as regulation concerns upended Chinese shares and strong U.S. earnings sucked funds out of emerging markets.

At around 10.14 AM, Sensex was trading at 53,014.57  up by 38.77 points or 0.07%. Nifty 50 was performing at 15,868.50 higher by 12.45  points or 0.08%.

Top gainers on Sensex were – Infosys, Titan and Sun Pharma soaring more than 1% each. Asian Paint, NTPC, ITC, Ultratech Cement, HCL Tech and Tech Mahindra climbed between 0.5-1%.

Top bears on Sensex were – SBI plunging nearly 1%, while Maruti Suzuki, Axis Bank, HDFC and Nestle followed tumbling between 0.5-0.7%.

Companies that will be in focus ahead of Q1 results today are - Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Tata Motors, SBI Life Insurance Company, Vedanta, Alembic Pharmaceuticals, Apollo Pipes, Coromandel International, DLF, Glaxosmithkline Pharmaceuticals, Garden Reach Shipbuilders & Engineers, Jindal Stainless, KPIT Technologies, M&M Financial Services, Navin Fluorine International, Phillips Carbon Black, Ramkrishna Forgings, Sun Pharma Advanced Research Company, Vakrangee, and Zensar Technologies.

Asian stocks traded on mixed note with Hong Kong’s Hang Seng nosediving nearly 795 points. Japan’s Nikkei 225 outperformed by over 320 points. The other markets were muted as the weakness in Chinese technology stocks saw the Hang Seng trade lower which hurt sentiment. Chinese stocks listed in Hong Kong have seen relentless selling following the downtrend in listed US ADR's.

Overnight, on Wall Street, US stocks hit a fresh new all-time high as Dow Jones closes at highest ever level rising over 1,200 points in the last 3-days. Bond yields gain to close at 1.29% even as pessimism on growth remains divided. Oil prices see weakness as OPEC agrees to agree on production as Iran supplies increase.

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