Domestic equity benchmarks rose on Wednesday, July 23, amid buying interest in financial, IT and energy shares, though selling pressure in FMCG counters limited the upside. Globally, investors became more hopeful about more trade deals after the US announced an agreement with Japan, somewhat easing the uncertainty around US President Donald Trump’s tariff moves. Yet, looming uncertainty over an interim India-US trade deal ahead of the US President’s August 1 deadline kept Dalal Street investors on the back foot.

Both headline indices were on track to finish higher in late afternoon deals. During the session, both indices rose as much as 0.7 per cent with the Sensex adding nearly 600 points to 82,786.4 and the Nifty50 climbing 172.6 points to hit 25,233.5. 

Investors awaited more earnings from India Inc for domestic cues. Around 60 companies are scheduled to report their quarterly results on Wednesday, including Infosys. Tata Consumer Products, and Dr Reddy’s Labs.  

Nifty 50 top gainers and losers

Tata Motors, Shriram Finance, Bharti Airtel, Apollo Hospitals and Bajaj Finance were the top gainers in the Nifty50 basket. 

On the other hand, Tata Consumer Products, HUL, BEL, UltraTech and Grasim were the top losers in the 50-blue-chip universe.

Top Sensex movers

HDFC Bank, Bharti Airtel, ICICI Bank and Reliance were the top contributors to the gains in both Sensex and Nifty50. 

Global markets

European shares began the day on a strong note, with the pan-continental Stoxx 600 index jumping more than one per cent in early deals, mirroring gains across major Asian markets.  

Dow Jones futures were up 217 points, or half a percentage point, suggesting a strong start ahead on Wall Street.