Sensex gains 256 points, Nifty below 24,900, L&T jumps 4% on strong Q1 results

The Indian equity benchmark indices, the Sensex and Nifty, opened higher on Wednesday, July 30, 2025, amid mixed global cues as investors awaited the Federal Reserve’s policy announcement.

The 30-share BSE Sensex started the session at 81,594.52, with a gain of 256.57 points, and the Nifty added 69.3 points to open at 24,890.40. In the last trading session, the Sensex closed at 81,337.95 and the Nifty 50 at 24,821.10. The broader indices also traded mixed in the opening session. While the BSE Midcap was down by 9.10 points in the early trading session, the BSE Smallcap index added 204.86 points or 0.38 per cent to trade at 53,994.98.

From the Sensex pack, Larsen & Toubro, BEL, Sun Pharma, Bharti Airtel and Bajaj Finacne were among the major gainers, with L&T leading the pack by gaining over 4 per cent in the early trade. On the other hand, Tata Motors, Asian Paints, Hindustan Unilever, ICICI Bank and Axis Bank were among the laggards, with Tata Motors falling 3.70 per cent in the opening trade.

In early trade, 1,547 stocks in the Nifty pack were trading in the green, while 760 were trading in the red. 80 stocks remained unchanged.

“If the index sustains above 24,800, a further rally toward 25,000 and 25,200 can be anticipated in the near term. However, on the downside, 24,600 serves as immediate support, and a decisive break below this level could trigger a deeper correction toward 24,200–24,160,” Hardik Matalia, Derivative Analyst – Research at Choice Equity Broking Private Limited.

What did Gift Nifty indicate?

Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened 43.5 points lower at 24,795.50, compared to the previous close of 24,839.00.

Meanwhile, the selling by Foreign Institutional Investors (FIIs) continued on Tuesday, July 29. They sold equities worth Rs 4,636 crore. On the other hand, Domestic Institutional Investors (DIIs) remained buyers and bought equities worth Rs 6,146 crore.

Asian Markets Today

Meanwhile, Asian markets declined today after US stocks dipped. While Japan’s Nikkei 225 was down by 4.55 points, or 0.01 per cent, Hong Kong’s Hang Seng fell 128.45 points or 0.51 per cent. In contrast, South Korea’s Kospi traded in the green with a gain of 34.68 points. On the other hand, Shanghai’s SSE Composite index added 18.82 points or 0.52 per cent.

How did individual sectors perform?

Nifty sectoral indices traded mixed today, with Nifty IT gaining 0.09 per cent in the opening session. While the Nifty Auto index was down by 0.44 per cent, the Nifty Metal added 0.40 per cent.