Stock Market Live Updates: Nifty Nears 26,000, Sensex Rises Nearly 200 Points

The Indian stock markets have opened on a positive note, with the NSE Nifty 50 and BSE Sensex trading in the green. The Nifty 50 was trading near 26,000, while the Sensex was up nearly 200 points at 12:41 p.m.

Top Gainers and Losers

ICICI Bank, TCS, RIL, IndiGo, and Axis Bank were among the top gainers on the Nifty, while Sun Pharma, HDFC Bank, M&M, Power Grid, and NTPC were among the top losers.

Broader Market Indices

The broader market indices were trading mixed, with the Nifty Midcap 150 rising 0.28% and the Nifty Smallcap 250 trading 0.04% lower. Most sectoral indices were trading higher, led by Nifty IT and Nifty Metal, while Nifty Media and Nifty Auto were trading in the red.

Nifty Bank and Nifty IT

The Nifty Bank index was trading 0.41% higher, while the Nifty IT index was up nearly 0.92%. This is a positive sign for the Indian economy, as the banking and IT sectors are among the key drivers of growth.

For more information on Nifty Bank and Nifty IT, please visit our website.

Impact of Lok Sabha Bill on Indian Economy

The Lok Sabha passed the Viksit Bharat — Guarantee for Rozgar and Ajeevika Mission (Gramin) Bill, also known as the VB G RAM G Bill, on Thursday. This bill seeks to repeal the two-decade-old Mahatma Gandhi National Rural Employment Guarantee Act and increase the number of guaranteed wage employment days in a fiscal year to 125 from 100 offered under MGNREGA.

This move is expected to have a positive impact on the Indian economy, as it will provide more employment opportunities to rural workers and help boost economic growth. For more information on the Indian economy, please visit our website.

Intel India President Hails India as Great Market for Chip Manufacturing

Intel India President Gokul V Subramaniam has hailed India as a great market for chip manufacturing, citing the country’s talent pool as a major factor. This is a positive sign for the Indian economy, as it will attract more foreign investment and help boost economic growth.

For more information on chip manufacturing and Indian tech industry, please visit our website.

Block Deal in Federal Bank Shares

Over 1.4 million shares of Federal Bank were traded via a block deal on Thursday, with the share price rising as much as 1.33% to Rs 266.75 apiece.

For more information on Federal Bank and block deals, please visit our website.

Indian Equities Trading Higher

Indian equities were trading higher, snapping a three-day losing streak. The Nifty fell nearly 0.22% at 25,801.80, while the Sensex fell nearly 194.61 points to 84,485.25 as of 12 p.m.

However, both indices saw a recovery, with the Nifty falling 0.36% at 25,726.30 before hitting an intraday high of 0.27% at 25,888.05. The Sensex fell 0.38% to 84,238.43 before recovering and gaining as much as 0.22% to 84,744.21.

For more information on Indian equities and market trends, please visit our website.