Nifty trades above 24,100 level; IT shares rally
Mumbai, July 16 -- The key equity benchmarks witnessed minor gains in morning trade despite mixed global cues. Investor sentiment remained supported by selective buying in frontline stocks, helping the domestic indices to trade in positive terrain, with the Nifty traded above the 24,100 level.
Investors will continue to monitor developments in the US-Iran conflict, movements in crude oil prices, the ongoing Q1 earnings season, corporate business updates, and the progress of the southwest monsoon for further cues on market direction.
IT shares witnessed buying interest after declining in the past two trading sessions.
At 10:25 IST, the barometer index, the S&P BSE Sensex advanced 160.71 points or 0.21% to 77,345.60. The Nifty 50 index ...
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