A Oneindia Venture

Closing Bell: Sensex Crashed 152 Pts, Nifty Slips at 25,397 Mark; Interglobe Aviation, PNB Top Losers

Indian stock market gained momentum with Sensex rising by over 320 points and surpassing 83,700 levels. Nifty 5 also climbed to trade near 25,550 levels. Auto, IT, oil and gas, and consumer durables stocks are top performers.

After the U.S.-Vietnam trade agreement, regional Asian markets were in a euphoric mood, which helped Indian benchmarks open cautiously upbeat. Amidst a historic U.S.-Vietnam agreement, investor optimism is nevertheless bolstered domestically by expectations of better U.S.-India trade negotiations. However, gains are being restrained by weakness in Chinese services data and prudence on U.S. economic policy. On the global stage, Asian markets were mixed during the early session today but cautiously optimistic, supported by optimism about global trade and expectations of dovish Fed action.

The U.S. jobs data, which will impact international markets, will continue to be the short-term focus. The U.S. Non-Farm Payrolls data, which is coming later today, is being watched with considerable attention by investors. Building on yesterday's flat to slightly lower finish, Indian markets are expected to begin the day cautiously optimistically. This is due to a combination of global cues affected by story flow, including Nykaa's corporate share sale and strong Q1 provisional earnings update. The July 9 deadline for U.S. tariffs and the impending release of U.S. Non-Farm Payrolls data continue to worry investors, since they may have domestic implications.

Stock Market Live Updates  Gift Nifty Hints Flat Start  Asian Markets Mixed  Nykaa In Focus

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