Sensex, Nifty 50 Rise; Mid, Small-Caps Falter Amid US Yields

On July 30, the two biggest Indian stock market indexes, the Sensex and the Nifty 50, went up for the second day in a row.

Big companies like Reliance Industries, HDFC Bank, and Mahindra & Mahindra helped lift the market.

But the smaller companies, called mid‑caps and small‑caps, went down because investors were worried.

The reason for the worry is that the United States Federal Reserve said it might raise interest rates again starting in September.

Higher US bond yields make investors nervous about buying stocks, so they are more careful.