Sensex, Nifty End Higher Ahead Of Cabinet Reshuffle

The BSE Sensex and Nifty ended higher led by gains in the closing trade ahead of the cabinet reshuffle on Wednesday, July 7. The 30-share pack Sensex closed with a gain of 193.58 points at 53,054.76, while the Nifty-50 index closed at 15,879.65, up by 61.40 points.

Sensex ended the day's session with advances in 21 scrips after a flat session in the morning trade. Shares of HDFC, IndusInd Bank, Bajaj Finserv, and Tata Steel advanced 1-4 per cent each.

Definifing the further outlook, experts feel that in the near term, Q1FY22 earning is likely to provide some direction to the markets, in absence of any major triggers.

Ajit Mishra, VP at Religare Broking, said, "We remain cautiously optimistic and believe any correction at this juncture should be considered healthy as investors will get the opportunity to invest in quality counters on dips."

Among the sectors, except for Auto and Energy, all other sectors ended in the green backed by buying in the closing session. The Metal sector ended being the top performer in the day's session gaining over two per cent led by shares of Nalco(+6.12 per cent), Tata Steel(+4.40 per cent), and SAIL(+4.06 per cent).

In the overall performance, 1737 shares advanced, 1372 shares declined, and 136 shares were unchanged.