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Sensex up 49 pts to 77,976 and Nifty 32 pts to 24,348 on July 31 2026; IT shares fall up to 3.5%. See why the market split and what levels to watch.
The Sensex edged higher by 49 points to 77,976, while the Nifty added 32 points to 24,348 in early trade on July 31 2026, even as IT stocks led losses, dropping up to 3.5% [1].
| At a glance | |
|---|---|
| Sensex level | 77,976 (+49 pts) |
| Nifty level | 24,348 (+32 pts) |
| IT sector move | Infosys, TCS, HCL, Tech Mahindra down up to 3.5% |
| Market cap (BSE) | Rs 484.81 lakh crore |
The early rally was driven by strong gains in financial and industrial stocks. Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, BEL, Eternal and Sun Pharma posted the biggest Sensex gains, some rising as much as 5% [1]. In contrast, the IT segment turned negative, with Infosys, TCS, HCL Technologies and Tech Mahindra each slipping up to 3.5% [1]. The divergence reflects sector‑specific news rather than a uniform market sentiment.
Technical analysts highlighted the 24,200–24,250 zone as immediate support for the Nifty, with resistance near 24,500–24,550 [1]. A sustained breach above resistance could extend the recovery, while staying above support is seen as crucial for maintaining the current uptrend. The market’s total capitalization stands at Rs 484.81 lakh crore, underscoring the scale of the equity rally despite sectoral weakness [1].
The split between robust financials and a slipping IT sector highlights a market that is still sensitive to sector‑specific fundamentals, leaving the broader trend dependent on upcoming earnings and technical breakpoints.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 31, 2026 · How we report
A stock market is the aggregation of buyers and sellers of stocks (shares) that represent ownership claims on businesses, encompassing both publicly listed securities and privately traded shares.
The global stock market’s total market capitalization was US$111 trillion at the end of 2023, up from US$2.5 trillion in 1980.
The United States holds the largest share, accounting for about 59.9% of global stock market value as of January 2022.
Participants range from small individual investors to large institutional investors such as banks, insurance companies, pension funds, hedge funds, and also publicly traded corporations.
Recent reports include Rallis India's 32% YoY profit increase, PNB's 7% share jump after Q1 earnings, Bajaj Auto's Q1 results, and Paytm's 79% profit rise with record quarterly EBITDA.