Evening recap · Friday, 31 July
Nifty Surges Past 24,400 on Strong Global Cues and Auto Sector Rally
Today, the Nifty 50 closed up over 300 points, topping 24,400, driven by strong performances in the auto sector and positive global cues. The Sensex also gained significantly, reflecting robust investor sentiment and FII inflows.
Sector impact today
50
Strong FII buying and Gift Nifty pre-market bullish signal
Bank
Strong FII buying and Gift Nifty pre-market bullish signal
IT
Despite overall market gains, Nifty IT faced sector-specific challenges.
Energy
Crude oil prices below $90 benefit energy sector margins
4 of 11 predictions correct
What to watch tomorrow
Based on today's market action and global cues
Tomorrow: US Non-Farm Payrolls at 6:30 PM IST
The release of US Non-Farm Payroll data is crucial as it may influence global market sentiment and FII flows into Indian markets, particularly impacting Nifty 50 and Nifty Bank.
Tomorrow: RBI's proposed MSME investment announcement
The government's proposed Rs 277 crore investment in the MSME sector could provide a boost to market sentiment, particularly benefiting Nifty FMCG and Nifty Realty.
Tomorrow: Crude Oil Inventory Data Release
The release of crude oil inventory data could further impact oil prices, affecting sectors like Nifty Energy and Nifty Auto, especially if prices remain low.
Key events
Rupee gains against US dollar amid RBI intervention
FXThe Indian rupee has appreciated against the US dollar, gaining 28 paise to settle at 96.25, following the RBI's intervention in the forex market.
RBI allows differential rates on bulk deposits
PolicyThe Reserve Bank of India has permitted banks to offer differential rates on bulk deposits based on liquidity risk, effective from October 1.
RBI sold $7 billion to defend rupee
FXThe Reserve Bank of India intervened in the foreign exchange market by selling approximately $7 billion to support the Indian rupee, which has been under pressure.
What to watch tomorrow
Based on today's market action and global cues
Tomorrow: US Non-Farm Payrolls at 6:30 PM IST
The release of US Non-Farm Payroll data is crucial as it may influence global market sentiment and FII flows into Indian markets, particularly impacting Nifty 50 and Nifty Bank.
Tomorrow: RBI's proposed MSME investment announcement
The government's proposed Rs 277 crore investment in the MSME sector could provide a boost to market sentiment, particularly benefiting Nifty FMCG and Nifty Realty.
Tomorrow: Crude Oil Inventory Data Release
The release of crude oil inventory data could further impact oil prices, affecting sectors like Nifty Energy and Nifty Auto, especially if prices remain low.
Personalise Market Brain
Sign in to see stocks in focus for your sectors, save events, and track your watchlist.