Indiabulls HF under F&O ban on NSE again for July 5; check details

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Also Read: Market wrap: Sensex, Nifty end at record closing highs for fourth straight session; mid, smallcaps underperform The record-setting spree of the Indian market continued on July 4 as the frontline indices Sensex and the Nifty settled at their record closing highs for the fourth consecutive session. The Indian market has been on an upward trajectory on robust foreign capital inflow amid the country's bright macroeconomic outlook.

Analysts and brokerage firms remain bullish on the medium and long-term outlook of the Indian market. It was the fifth consecutive session of gains for Sensex whereas for Nifty it was the sixth consecutive session of gains.

BSE Midcap and Smallcap indices also hit their fresh record highs of 28,951.49 and 32,990 respectively during the session. The BSE Midcap index closed 0.22 per cent lower at 28,798.91 while the Smallcap index closed with a nominal gain of 0.05 per cent at 32,802.63.

‘’The momentum of the market has shifted from the frontlines of this year to the laggards like IT, commodities, and PSUBs. The market is taking a breather ahead of the upcoming Q1 results.

Pharma and banking displayed a positive trend, while the auto sector faced selling pressure following a mixed set of sales data for the month of June,'' said Vinod Nair, Head of Research at Geojit Financial Services.  Where is Nifty headed?‘’One should maintain a buy on dips approach on nifty and avoid any short position until breaks 19,200. The immediate support for the nifty index stands at 19,300 where maximum open interest in put options data is seen and on the upper end nifty can face resistance at 19,500 where maximum open interest in calls is seen ,if nifty breaks 19,500 levels we can see some further upside move