Stocks

Stock Market Update Aug 1st: Sensex Breaches 82,000, Nifty50 Crosses 25,000 - Power Grid Leads Gainers as Q1 Results Pour In

Mwangi Enos

Indian stock markets are soaring to new heights today with the BSE Sensex crossing the 82,000 mark and the Nifty50 surpassing 25,000 for the first time. As of now the Nifty 50 is trading at 24,994.50 up 0.17% or 43.35 points and with a day range of 24,964.35  to 25,078.30

Nifty 50 Index Daily Chart: TradingView

The BSE Sensex is at 81,823.24 rising 0.10% or 81.90 point and  ranging between 81,726.40 to 82,129.49 today. The Nifty Bank index is also showing strength at 51,698.60 up 0.28% or 145.20 points and  with a day range of 51,580.85 - 51,877.15.

The overall market sentiment remains bullish, with the indices consistently breaking higher highs. Bullish trend looks set to continue unless the Nifty 50 closes below 24,074 and the Sensex below 79,223. Today, 80 companies are releasing their earnings reports adding to the 842 out of 4,433 companies that have already reported for Q1 FY24-25. So far, the aggregate revenue growth year-over-year stands at 11.87% while net profit growth is at 0.71%.

Power Grid Corporation of India Limited is leading the gains currently trading at 360.10 up 3.42% from its previous close of 348.20. The stock opened at 351.15 and has seen a high of 361.90 and a low of 350.15 today.

Source: NSEIndia

Coal India Limited is also performing strongly with its stock price at 537.70 up 2.97% from yesterday's close of 522.20. It opened at 535.00 and has ranged between 541.50 and 528.00 during the day.

Dr. Reddy's Laboratories Limited is seeing positive momentum trading at 6,867.60 up 1.73% from its previous close of 6,750.50. The stock opened at 6,795.50 and has touched a high of 6,898.30 and a low of 6,786.65.

NTPC Limited is also in the green with its stock price at 423.00 up 1.68% from yesterday's close of 416.00. It opened at 419.90 and has seen a high of 424.30 and a low of 415.60 today.

Oil and Natural Gas Corporation Limited is trading higher at 339.25 up 1.51% from its previous close of 334.20. The stock opened at 337.80 and has ranged between 344.70 and 337.15

Adani Enterprises Limited is showing gains with its stock price at 3,216.35 up 1.48% from yesterday's close of 3,169.40. It opened at 3,180.00 and has touched a high of 3,220.00 and a low of 3,151.70

Adani Ports and Special Economic Zone Limited is trading higher at 1,592.00 up 1.41% from its previous close of 1,569.90. The stock opened at 1,580.95 and has seen a high of 1,604.95 and a low of 1,568.50 so far today.

Apollo Hospitals Enterprise Limited is also in positive territory with its stock price at 6,700.75 up 1.29% from yesterday's close of 6,615.30. It opened at 6,615.30 and has ranged between 6,735.00 and 6,606.60.

HDFC Bank Limited is showing gains so far trading at 1,634.45 up 1.16% from its previous close of 1,615.75. The stock opened at 1,622.90 and has touched a high of 1,638.00 and a low of 1,617.95.

SBI Life Insurance Company Limited is also trading higher at 1,771.40 up 1.01% from yesterday's close of 1,753.65. It opened at 1,791.10 and has seen a high of 1,791.15 and a low of 1,760.15 so far today.

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