Stock market opens flat, Nifty and Sensex above 24K and 79K levels

Stock market today: In the Nifty 50 index, top five gainers were JSW Steel, Bharti Airtel, Maruti, Bajaj Auto, and Hero MotoCorp.

Updated on: Jul 1, 2024, 10:22:25 IST

By HT News Desk

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Indian stock market began the first week of July on a flat note with both major indices opening steady. The Nifty 50 index maintained above 24,000 levels and traded at 24,022 after a marginal gain. BSE Sensex sustained above 79,000 and opened flat.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Reuters)

Top gainers today

What about world stock markets?

Oil prices

In the oil markets, crude oil prices saw marginal increases, with WTI trading at USD 81.84 and Brent at USD 85.28 per barrel. The US Dollar Index (DXY) was down by 0.21 per cent at 105.63, influencing global currency dynamics.

Expert view on the stock market

Read more: LPG Cylinder price slashed by ₹30 from today. Check latest prices here

Ajay Bagga, Market and Banking expert, said, "The second half of the year starts today after a strong market performance in H1 of Calendar year 2024. We expect large-cap strength with sector rotation into IT, FMCG and Power stocks. The Union Budget and Q1, FY2025 remain the big catalysts this month for the Indian markets. Globally, election outcomes in France and UK will set the tone for Europe. Overall expect Indian markets to have a good July with consolidation around the all-time highs followed by upwards momentum going into the Union Budget".

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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