Sensex reaches a record high at opening, while Nifty trades above 24,900.

Mumbai, July 29 (IANS) – On Monday, Indian equity indices opened at record highs, influenced by positive global market sentiment. At the beginning of the trading session, the Sensex reached a new peak of 81,749, while the Nifty hit 24,980. By 9:37 a.m., the Sensex was at 81,679, an increase of 347 points or 0.43%, and the Nifty rose by 84 points or 0.34% to 24,919.Banking stocks were leading the market surge, with the Bank Nifty up 590 points or 1.15% at 51,881. Small-cap and mid-cap stocks also saw buying interest, with the Nifty midcap 100 index climbing 376 points or 0.65% to 58,144, and the Nifty smallcap 100 index rising 210 points or 1.72% to 19,064.Top gainers in the Sensex pack included NTPC, SBI, IndusInd Bank, Tata Motors, ICICI Bank, UltraTech Cement, L&T, Infosys, and Maruti Suzuki. On the other hand, Titan, Bharti Airtel, Tech Mahindra, ITC, JSW Steel, HUL, and M&M were among the top losers.

All major Asian markets were trading positively, and the US market had closed on a positive note on Friday. Deven Mehata, a Research Analyst at Choice Broking, mentioned that after a strong opening, Nifty might find support at 24,900, 24,850, and 24,800, while facing resistance at 25,000, 25,100, and 25,200. For Bank Nifty, support levels were expected at 51,200, 51,000, and 50,900, with resistance at 51,500, 51,700, and 51,800.