Stock Market LIVE: Benchmarks remain volatile; broader mkts show strength; Eco Survey in spotlight | News on Markets
Stock Market LIVE on Monday, July 22, 2024: Indian benchmark indices were trading in the volatile territory on Monday. The BSE Sensex was down by 0.19 per cent at 80,450 points, while Nifty50 dropped by 0.19 per cent at 24,485.
On BSE Sensex Kotak led the losses, followed by Reliance Industries, JSW Steel, HCL Tech, IndusInd Bank, Bajaj Finance, Asian Paints, ICICI Bank and Tech Mahindra while Nestle India, Infosys, HUL, ITC, and TCS were among top gainers.
On BSE Sensex Kotak led the losses, followed by Reliance Industries, JSW Steel, HCL Tech, IndusInd Bank, Bajaj Finance, Asian Paints, ICICI Bank and Tech Mahindra while Nestle India, Infosys, HUL, ITC, and TCS were among top gainers.
In line with the benchmarks, the broader markets also showed weakness, with the MidCap index dropping by 0.77 per cent and the SmallCap index declining by 1.34 per cent.
On NSE, Wipro was the top loser, slipping as much as 7 per cent, followed by Kotak Bank, Reliance Industries, Eicher Motors and L&T. On the other hand, Ultratech Cement, NTPC, BPCL and Infosys recorded gains.
Sectorally, Nifty Realty, Nifty Consumer Durables, and Nifty Private Bank traded losses whereas Nifty PSU Bank and Nifty Pharma led gains.
On NSE, Wipro was the top loser, slipping as much as 7 per cent, followed by Kotak Bank, Reliance Industries, Eicher Motors and L&T. On the other hand, Ultratech Cement, NTPC, BPCL and Infosys recorded gains.
Sectorally, Nifty Realty, Nifty Consumer Durables, and Nifty Private Bank traded losses whereas Nifty PSU Bank and Nifty Pharma led gains.
Moreover, Monday will also witness the Union government presenting the Economic Survey for 2023-24, ahead of the Budget on July 22. Finance Minister Nirmala Sitharaman has tabled the document in the Lok Sabha, and the press conference is scheduled at 2:30 PM today.
Further, markets today are also assessing the US President Joe Biden withdrawing from the presidential race, and endorsing Vice President Kamala Harris as the Democratic nominee.
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