Stock Market Live Updates July 12, 2024: Sensex, Nifty open flat with positive bias; IREDA Q1 results in focus

Sensex, Nifty, Share Prices LIVE: Domestic equity indices, on Friday, opened in positive territory amid weak global cues. The Sensex rose 150.74 points to 80,048.08, and the Nifty gained 70.70 points to 24,386.70. Major gainers on the NSE at 9.30 am were Shriram Finance (3.67%), TCS (2.74%), Wipro (1.80%), LTIMindtree (1.61%), Infosys, and (1.35%), while major losers were Maruti (-1.20%), Divi’s Lab (-0.70%), HDFC Life (-0.60%), Britannia (-0.53%), and SBI Life (-0.30%). Today, the Indian Renewable Energy Development Company (IREDA) will declare its quarterly results for the period ended June 2024. This would be the first PSU company to announce its financial performance. Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “The market which has been moving in a narrow range this week might react favourably to positive global and domestic cues. The positive global cue is the decline in inflation in the US by 0.1% in June triggering hopes of a rate cut by the Fed in September for which the market indicates a 90% probability. The positive domestic cue is the better than expected numbers from TCS and positive management commentary which can lift most IT stocks.”