Sensex Gains 270 Points, Nifty Ends Near 19,450; Autos, FMCG Shine

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Sensex Gains 270 Points, Nifty Ends Near 19,450; Autos, FMCG Shine

The Sensex and Nifty closed higher on Tuesday, July 11, 2023, as investors bought beaten-down stocks. The Sensex gained 270 points, or 0.42%, to close at 65,617.84, while the Nifty rose 103 points, or 0.52%, to close at 19,439.40.

Auto and FMCG stocks were the top gainers, while IT stocks were the laggards.

Here are some of the factors that influenced the market today:

  • Positive global cues: Asian markets were mostly higher today, tracking gains on Wall Street.
  • Earnings season: The earnings season is underway, and some of the big-ticket results have been positive.
  • FII inflows: Foreign investors have been net buyers of Indian equities in recent weeks.

Looking ahead, the market is expected to remain volatile, but with a positive bias. The earnings season will be a key driver in the near term.

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