Indian stock markets continue to rise, with focus on upcoming earnings and Budget 2024

From Mint: 2024-07-13 20:59:20

Indian stock markets continued their upward trend, buoyed by foreign inflows and with a focus on the upcoming earnings season and the Union Budget 2024. Sensex and Nifty 50 hit record highs, led by IT stocks after TCS’s positive Q1 results. FMCG, IT, and pharma sectors outperformed while metals, realty, and auto sectors saw profit-taking. The Nifty 50 surged around nine per cent since June, outperforming other markets. Investors await Infosys and Wipro’s Q1 results and the Union Budget on July 23. Four IPOs and one listing are scheduled this week. FIIs extended buying streak, with FPIs pumping ₹15,352 crore in equities this month.



Read more at Mint: Week Ahead: Q1 Results, Budget updates, global cues among key market triggers this week; Nifty eyes 25,000