Friday, July 11, 2025
spot_img

Sensex trades flat ahead of Union Budget

Date:

Share post:

spot_imgspot_img

Shillong, July 23: India equity indices were trading flat on Tuesday ahead of Finance Minister Nirmala Sitharaman’s budget presentation at 11 a.m. in Parliament.

 

At 9:55 a.m., Sensex was up 35 points or 0.04 per cent at 80,537 and Nifty was up 2 points or 0.01 per cent at 24,511.

 

Selling is seen in the midcap and smallcap stocks. Nifty midcap 100 index is down 109 points or 0.19 per cent at 56,515 and Nifty smallcap 100 index is down 105 points or 0.57 per cent at 18,457.

 

Among the sectoral indices, Auto, pharma, FMCG, and realty are the top gainers. IT, PSU Bank, fin service, and metal are the major laggards.

 

The Economic Survey was presented on Monday before the budget, in which GDP is estimated to grow by 6.5 per cent to 7 per cent in the current financial year.

 

Deven Mehata, Research Analyst at Choice Broking, said, “Nifty can find support at 24,450 followed by 24,400 and 24,300. On the higher side, 24,600 can be an immediate resistance, followed by 24,800 and 25,000.”

 

The foreign institutional investors (FIIs) bought equities worth Rs 3,444 crore, while domestic institutional investors sold equities worth Rs 1,652 crore on July 22. (IANS)

spot_imgspot_img

Related articles

22 Maoists, including eight females, surrender in Chhattisgarh

Raipur, July 11: In a significant development in Chhattisgarh's Narayanpur district, 22 Maoists laid down their arms on...

BJP looting land, forest, water: Rahul Gandhi at ‘save Constitution’ rally in Odisha

Bhubaneswar, July 11: Congress leader Rahul Gandhi on Friday targeted the BJP, alleging that the ruling party has...

Centre plans Rs 1,345 crore subsidy scheme to boost production of Rare Earth magnets

New Delhi, July 11: The Indian government has drawn up a scheme to offer subsidies to the tune...

We missed no targets in Pak, not even a glass pane broken in India: NSA Doval on Op Sindoor

New Delhi, July 11: National Security Advisor (NSA) Ajit Doval on Friday addressed the convocation ceremony at IIT...