Market Updates 4th JULY: NIFTY Made New 52 week High! BAJAJ Twins soars!

BSE Sensex and NSE Nifty 50 closed at record closing highs on Tuesday after setting new lifetime highs. The 30-share Sensex gained 274 points to 65,479, after reaching a new all-time high of 65,672.97 intraday, while the wider Nifty 50 ended at 19,389.00, up by 0.34%. The Bank Nifty closed at more than 45,300. The Nifty Smallcap 100 increased by 0.25% as the overall markets closed in the positive. India VIX increased by 1.39% to settle at 11.70%. Nifty Oil&Gas, Nifty Auto, and Nifty INFRA lagged in their respective industries, but Nifty PSU Bank increased by 1.89%. Gains in the Nifty 50 were attributed to Nifty IT and Nifty Pharma. The advance decline ration for the day stands at 848/1216 as Nifty Midcap ends with a slightly negative note.

Bajaj Twins soared In early trade on Tuesday, shares of Bajaj Finance Ltd jumped 7.93% to a 52-week high of Rs 7,916.70 compared to a previous close of Rs 7,335.35. The stock has increased by more than 12% during the previous five trading days and by around 20% YTD. When compared to June 30, 2022, the non-banking financial corporation (NBFC) said that its assets under management (AUM) had increased 32% to Rs 2,70,050 crore. In Q1 FY24, the NBFC saw its AUM climb by the most ever quarter, or roughly Rs 22,700 crore.

Bajaj Twins, Heromoto, TechM & Sunpharma are todays top gainer in NIFTY, while Eicher, Grasim, BhartiAirtle, Axisbank & Reliance stands at the bottom of todays trading season. In the F&O sector Bajaj Finance was the highest gainer while Eicher cracked over 6% during the market hours.

The immediate support for NIFTY stands near 19200.00, while for BankNifty the support stands at 45000.00, FII's are still bullish one Indian Markets, The Foreign Institutional Investors net purchased shares worth 2134.33 Cr on Tuesday, while the DII's are still in the selling side, DIIs net sold stands at 785.48Cr.

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