The Indian stock market closed marginally higher on Tuesday, July 25, 2023. The Sensex rose 50 points to close at 53,676, while the Nifty gained 5.85 points to close at 19,678.
The market was volatile throughout the day, with investors cautious ahead of the US Federal Reserve's monetary policy decision later this week. However, buying in select large-cap stocks helped to support the market.
Top gainers on the Sensex included RIL, Tata Steel, Maruti Suzuki, Motherson, and TVS Motors. On the Nifty, the top gainers were Infosys, HCL Tech, HDFC Bank, and Bajaj Finserv.
The broader markets also ended on a positive note. The BSE Midcap index rose 0.25%, while the BSE Smallcap index gained 0.30%.
The Indian stock market is expected to remain volatile in the near term, as investors assess the impact of the US Fed's monetary policy decision. However, the long-term outlook for the market remains positive, as the Indian economy is expected to continue to grow.
Here are some of the key factors that are likely to influence the Indian stock market in the near term:
- The US Federal Reserve's monetary policy decision.
- The pace of economic growth in India.
- The performance of corporate earnings.
- The level of foreign investment in the Indian market.
Overall, the Indian stock market is expected to remain on a growth trajectory in the long term. However, investors should be prepared for some volatility in the near term.
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