Nifty witnessed significant buying that contributed to the indices' higher closing prices amid overall strong global clues. Rates were raised last week by the US Federal Reserve and the European Central Bank.
Currently, investors are waiting to see how this week's Bank of England (BoE) meeting and the RBI monetary policy meeting next week turns out. The Sensex gained 367 points, or 0.56%, to settle at 66,527.67, while the Nifty gained 108 points, or 0.55%, to close at 19,753.80.
"Indian indices have resumed their rally, following the global market trend, as cooling inflation across the globe gave hopes of an end to the policy tightening era. The latest positive development was the Eurozone's inflation slowing for the third consecutive month in July, coming in at 5.3%, in line with market predictions.
Moreover, the euro zone economy grew by 0.3% during the June quarter, according to preliminary estimates, slightly surpassing market expectations," said Vinod Nair, Head of Research at Geojit Financial Services. Also Read: Market Wrap: Sensex, Nifty surge, mid, smallcaps outperform; investors richer by over ₹2 lakh crore in a day Here is the list of stocks who are top gainers and losers during July 31 trading session: Top gainers: NTPC Ltd (up 4.02%), Power Grid Corporation of India Ltd (up 3%), Tech Mahindra Ltd (up 2.28%), Tata Steel Ltd (up 2.16%), and Tata Consultancy Services Ltd (up 1.96%).
Top losers: Bajaj Finance Ltd (down 1.12%), Kotak Mahindra Bank Ltd (down 1.09%), Hindustan Unilever Ltd (down 0.91%), ITC Ltd (down 0.63%), and Bharti Airtel Ltd (down 0.46%). Top gainers: NTPC Ltd (up 3.62%), Power Grid Corporation of India Ltd (up 3.04%), Oil and Natural Gas Corporation Ltd (ONGC) (up 3.03%), Adani Ports &
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