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Market Commentary

Indian benchmark indices extended their gains and closed near the day's high, supported by broad - based buying interest and a sharp rebound in IT stocks . Positive momentum across the broader market, along with sustained investor participation, helped the benchmark indices end the session on a strong note .

* At close, the Nifty 50 gained 0 .71% to settle at 24 ,175, while the Sensex advanced 0 .75% to close at 77,502 .

* On the sectoral front, Nifty IT emerged as the top - performing sector, surging 4 .64 % on strong buying interest . Auto stocks also witnessed healthy gains and supported the broader market rally . On the downside, Nifty PSU Bank remained the key laggard, witnessing selective profit booking during the session .

* The broader market continued to outperform the benchmark indices . The Nifty Midcap 100 index gained 0 .48 %, while the Nifty Smallcap 100 index advanced 1.25 %, reflecting sustained buying interest and improving risk appetite across the broader market .

* Gift Nifty signals a positive opening for the Indian market . Nifty spot in today's session is likely to trade in the range of 24 ,000 - 24 ,400 .

Global Updates

* Institutional flows favoured defensive value overlays over highly valued growth, creating a distinct divergence at the New York close .

* The macro data terminal flashed a major surprise as the official U.S . employment report revealed that nonfarm payroll growth slowed to just 57,000 jobs in June —roughly half of what Wall Street economists had anticipated .

* Broad equity indices experienced an aggressive style rotation . A deep, persistent sell - off across prominent semiconductor and artificial intelligence hardware blocks heavily weighted down U.S . large - cap metrics .

* Asian markets traded with a positive bias, led by strength in Japan and Australia, while South Korea underperformed amid continued weakness in semiconductor stocks . Nikkei 225 : 68 ,961 .74 (+ 228 .81, +0 .33 %) | KOSPI : 7,613 .61 (- 34 .49 , - 0 .45 %) | S&P/ASX 200 (XJO) : 8 ,783 .9 (+ 59 .4 , +0 .68 %)

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