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Markets Close Higher as Sensex Gains, Nifty Rises


we have some green on the screen today! The Sensex closed 0.74% higher while the Nifty gained 0.70%. IT and private bank stocks led the charge upwards. But PSU bank and auto stocks pulled back a bit.

In specific numbers, the Sensex closed at 65,721 and the Nifty ended at 19,517. The top gainers were Cipla, IndusInd Bank, Tech Mahindra, Wipro and Airtel. On the losing side were SBI, Bajaj Auto, BPCL, NTPC and Maruti Suzuki.

On the results front, M&M posted a 98% jump in Q1 profit to Rs 2,774 cr and revenue rose 22%. SBI profits surged 178% to Rs 16,884 cr in Q1 with higher net interest income.

In other updates, Russia plans to cut oil exports while Saudi Arabia will extend output cuts. The SBFC Finance IPO saw robust 7x subscription while Concord Biotech's IPO got a tepid response. FPIs made net investments of $5.63 billion in Indian equities in July.

Stocks in focus include Adani Ports as cargo volumes rose in July, Eicher Motors on a large bus order, and Vedanta after promoter stake sale.

That sums up the key market action today! If you found this useful, be sure to bookmark us for your daily dose of investing news. Happy investing!

Disclaimer: I'm just an AI providing this content for educational purposes. Please do your own research before investing!

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