Stock Market Live: Nifty, Sensex Snap Two-Day Fall; ONGC, SBI Life And HDFC Life Top Gainers
The Nifty 50 ended 76.90 points or 0.33% higher at 23,692.95, and the Sensex added 234 points or 0.3% to close at 78,199.11.
KEY HIGHLIGHTS
US Market Update: Futures Flat
As of 3:28 p.m., the Dow Jones Industrial Average future was flat at 42,983.00, and S&P 500 future was 0.01% down at 6,019.75. The Nasdaq 100 future was 0.08% down at 21,727.50.
Rupee Closes Stronger Against Dollar
The Indian rupee strengthened by nine paise to close at 85.72 against the US dollar. It closed at 85.83 on Thursday.
Source: Bloomberg
Nifty, Sensex Snap Two-Day Fall
The NSE Nifty 50 and BSE Sensex reversed two sessions of decline on Tuesday to end higher, helped by broad based rally led by oil and gas and financials.
The Nifty 50 ended 76.90 points or 0.33% higher at 23,692.95, and the Sensex added 234 points or 0.3% to close at 78,199.11.
During the session, the Nifty 50 advanced 0.76% to the day's high of 23,795.20. The Sensex rose 0.63% to intraday high of 78,452.74.
Reliance Industries Ltd., ICICI Bank Ltd., Larsen & Toubro Ltd. and Kotak Mahindra Bank Ltd. added to the Nifty 50 index in terms of points contribution.
Tata Consultancy Services Ltd., HCLTech Ltd., Trent Ltd., and Infosys Ltd. added to the Nifty 50 index.
On NSE, ten sectors ended higher, while one each ended flat or lower out of 12. The NSE Nifty Oil & Gas jumped the most, and the NSE Nifty IT slid the most.
On BSE, 29 sectors advanced, and two declined out of 31. The BSE Energy advanced the most, and the BSE Focused IT declined the most.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.77% and 1.74% higher, respectively.
Market breadth was skewed in favour of buyers. Around 2,622 stocks advanced, 1,361 stocks declined, and 103 stocks remained unchanged on BSE.
Stock Market Today: Tata Elxsi In Pact With CSIR-National Aerospace labs
Tata Elxsi Ltd. has signed a Memorandum of Understanding with CSIR-National Aerospace Laboratories for collaboration on Advanced Air Mobility, as per an exchange filing.
NDTV Profit Exclusive: Income-tax Relief On The Anvil!
New tax regime for individuals could be modified in the Upcoming Budget
Considering Tinkering in Personal Income Tax Slabs
Examining possibility of reducing tax rates for Income up to Rs 10 lakh
Budget to Focus on increasing disposable income for taxpayers
Data suggest about 72% already moved to New Tax regime
Alert: New Tax Regime for individuals restrict exemption and offer few deduction
Alert: New Tax regime set as “default option” for taxpayers
July Budget Made changes in both tax slabs & rates; increases standard deduction to Rs 75,000
The income tax slabs under the new tax regime are as follows: Rs. 0 to Rs. 3,00,000 - 0%, Rs. 3,00,001 to Rs. 7,00,000 - 5%, Rs. 7,00,001 to Rs. 10,00,000 - 10%, Rs. 10,00,001 to Rs. 12,00,000 - 15%, Rs. 12,00,001 to Rs. 15,00,000 - 20% and Above Rs. 15,00,001 - 30%
