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Stock Market Highlights: Markets close in the red with Sensex losing nearly 300 points, Nifty losing 40 points

Stock Market Highlights: Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, for the new NDA-led coalition government.

Summary

Stock Market Highlights: Budget made the benchmark Sensex plummet by over 900 points, reaching below 79,515.64. The Nifty also fell below 24,300.

A pedestrian walks past the Bombay Stock Exchange (BSE) building during the presentation of budget, in Mumbai, India, on Tuesday, July 23, 2024 (Anshuman Poyrekar/ Hindustan Times)
A pedestrian walks past the Bombay Stock Exchange (BSE) building during the presentation of budget, in Mumbai, India, on Tuesday, July 23, 2024 (Anshuman Poyrekar/ Hindustan Times)

Stock Market Highlights: Markets on July 24 closed in the red with the benchmark BSE Sensex closing at 80,148.88 losing 280.16 points or 0.35%. The NSE Nifty lost 40.10 points or 0.16% and closed at 24,438.95. Markets closed flat on July 23 after a crash which came when Finance Minister Nirmala Sitharaman proposed hiking the capital gains tax and securities transaction tax in the Union Budget 2024, which made the benchmark Sensex plummet by over 900 points, reaching below 79,515.64. The Nifty also fell below 24,300.

Since then, the markets did eventually recover. The benchmark Sensex closed at 80,429.04, which is 0.09% or 73.04 points in the red. The Nifty closed at 24,470.40, which is 0.16% or 38.85 points in the red.

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, for the new NDA-led coalition government, with nine key priorities including productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms.

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Since then, the markets did eventually recover. The benchmark Sensex closed at 80,429.04, which is 0.09% or 73.04 points in the red. The Nifty closed at 24,470.40, which is 0.16% or 38.85 points in the red.

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, for the new NDA-led coalition government, with nine key priorities including productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms.

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Jul 24, 2024, 15:52:47 IST

Stock market LIVE Updates: Top 3 sectors that lost the most

Among the Nifty sectoral indices, Bank (-0.89%), Private Bank (-0.76), and Financial Services (-0.60%) lost the most. FMCG followed these, losing 0.53% after a rally yesterday.

Jul 24, 2024, 15:50:23 IST

Stock market LIVE Updates: Top 3 sectors that gained the most

Among the Nifty sectoral indices, Media (+2.47%), Oil & Gas (+1.69%), and Consumer Durables (+1.08) gained the most.

Jul 24, 2024, 15:47:20 IST

Stock market LIVE Updates: Top 3 losers on the BSE Sensex

The top 3 losers on the BSE Sensex were Bajaj Finserv Ltd, which closed at ₹1,578.45 (-2.43 %), Bajaj Finance Ltd, which closed at ₹6,610.10 (-1.81 %), and Hindustan Unilever Ltd, which closed at ₹2,716.80 (-1.80 %).

Jul 24, 2024, 15:43:45 IST

Stock market LIVE Updates: Top 3 gainers on the BSE Sensex

The top 3 gainers on the BSE Sensex were Tech Mahindra Ltd, which closed at ₹1,538.85 (+3.01 %), NTPC Ltd, which closed at ₹393.10 (+2.81 %), and Tata Motors, which closed at ₹1,026.20 (+2.48 %)

Jul 24, 2024, 15:35:54 IST

Stock market LIVE Updates: Markets close in the red, Sensex loses nearly 300 points, Nifty loses 40 points

The markets closed in the red with the benchmark BSE Sensex closing at 80,148.88 losing 280.16 points or 0.35%. The NSE Nifty lost 40.10 points or 0.16% and closed at 24,438.95.

Jul 24, 2024, 15:17:42 IST

Stock market Crash LIVE Updates: Rupee hits record low

The Indian rupee hit a record low of 83.72 against the US Dollar.

Jul 24, 2024, 15:03:34 IST

Stock market Crash LIVE Updates: Markets shed half of the losses

The benchmark BSE Sensex is down 349.79 points or 0.43% at 80,079.25 and the Nifty is down by 82.85 points or 0.34%.

Jul 24, 2024, 14:19:12 IST

Stock market Crash LIVE Updates: Adani Ports down 1.68%

Adani Ports and Special Economic Zone Ltd is down by 1.68%, currently trading at ₹1,482.95 on the BSE.

Jul 24, 2024, 14:16:30 IST

Stock market Crash LIVE Updates: Indices still down, Bajaj Finserv, Axis Bank, and Bajaj Finance lose the most

The benchmark BSE Sensex is still down by 593.37 points or 0.74 %, at 79,835.67. The Nifty is down 160.10 points or 0.65%, at 24,318.95. Bajaj Finserv Ltd (-2.91 %), Axis Bank Ltd (-2.63 %), and Bajaj Finance Ltd (-2.22 %) lost the most.

Jul 24, 2024, 13:15:16 IST

Stock market LIVE Updates: Federal Bank Q1 net profit up, net interest margin up, shares down

Federal Bank Ltd's Q1 2024-25 net profit grew 18% and its net interest margin also grew 19.5%.

The bank's shares are currently down 0.66% to ₹196.70.

Jul 24, 2024, 13:09:03 IST

Stock market LIVE Updates: Nifty Bank index plummets over 800 points, dragged down by Bandhan Bank, Axis Bank, Federal Bank

The Nifty Bank index plunged by 1.62% or 836.95 points to 50,941.35, dragged down by Bandhan Bank Ltd (-4.20%), Axis Bank Ltd (-2.26%), Federal Bank Ltd (-1.92%), IDFC First Bank Ltd (-1.92%), and Kotak Mahindra Bank Ltd (-1.79%).

Jul 24, 2024, 12:50:14 IST

Stock market LIVE Updates: Most major global indices down

The S&P 500 is down 0.16%, the Nasdaq is down 0.06%, FTSE is down 0.38%, Dow Jones is down 0.14%, the Nikkei is down by 1.11%, and the Hang Seng is down by 1.13%.

Only the Russel 2000 index is up by 1.02%.

Jul 24, 2024, 12:38:29 IST

Stock market LIVE Updates: Sensex loses over 500 points, dragged down by Bajaj Finserv, Axis Bank, and Bajaj Finance

The benchmark BSE Sensex fell by 553.71 points or 0.69% to 79,875.33, dragged down by Bajaj Finserv Ltd (-2.03 %), Axis Bank Ltd (2.32 %), and Bajaj Finance Ltd (2.36%).

Bajaj Finserv has announced its Q1 2024-25 results today. It posted a 10% jump in net profit.

Axis Bank and bajaj Finance will be announcing their Q1 2024-25 financial results toda.

Jul 24, 2024, 12:26:40 IST

Stock market LIVE Updates: Markets plummet with Sensex plunging by over 600 points and Nifty losing nearly 150 points

The benchmark BSE Sensex lost 627.99 points or 0.78%, falling to 79,801.05 while the Nifty lost 144.95 points or 0.59%, landing at 24,334.10.

Jul 24, 2024, 11:55:27 IST

Stock market LIVE Updates: Delhi HC quashes Hero Motocorp Chairman Pawan Munjal forex DRI case summon: PTI

The Delhi High Court quashed the DRI summons related to foreign exchange against Hero Motocorp Chairman Pawan Munjal today.

Hero Motocorp Ltd shares are currently down 0.13%, trading at ₹5,504.25 on the BSE.

Jul 24, 2024, 11:49:26 IST

Stock market LIVE Updates: Media stocks rise nearly 2%, the highest among all sectors

The Nifty Media index rose the most among sectoral indices, up by 1.95%, moved by Nazara Technologies Ltd (+2.92%), Dish TV India Ltd (+2.88%), PVR INOX Ltd (+2.61%), Saregama India Ltd (+2.57%), and Zee Entertainment Enterprises Ltd (+2.37%)

Jul 24, 2024, 11:34:47 IST

Stock market LIVE Updates: Bank stocks plunge even more

The Nifty Bank index slid 1.39% or 717.75 points, reaching 51,060.55, falling the most among all sectors.

Jul 24, 2024, 11:32:31 IST

Stock market LIVE Updates: Axis Bank down 2.04% ahead of Q1 results

Axis Bank Ltd shares are down 2.04%, trading at ₹1,237.00 on the BSE, with the bank slated to announce its Q1 2024-25 financial results today.

Jul 24, 2024, 11:28:03 IST

Stock market LIVE Updates: Bajaj Finance down 2.34% ahead of Q1 results

Bajaj Finance Ltd shares are down 2.34%, trading at ₹6,574.75 on the BSE, ahead of its Q1 2024-25 financial results which are to be announced today.

Jul 24, 2024, 11:19:39 IST

Stock market LIVE Updates: United Spirits up 5.81% amid positive Q1 performance

United Spirits Ltd shares rose 5.81%, trading at ₹1407.50 on the BSE after the beverages giant recorded a 3.5% revenue growth and 2% net profit growth.

Jul 24, 2024, 10:55:00 IST

Stock market LIVE Updates: Banking stocks down the most so far

The Nifty bank index is currently down 0.62% or 322.30 points at 51,456.00, dragged down by Bandhan Bank (-1.90%), Axis Bank (-1.44%), SBI (-0.83%), and ICICI Bank (-0.79%).

Jul 24, 2024, 10:42:02 IST

Stock market LIVE Updates: Indian sovereign bonds up

The 10 year Indian sovereign government bond is up 0.06%, at ₹100.88

Jul 24, 2024, 10:39:33 IST

Stock market LIVE Updates: Bank, auto, FMCG down, rest up

The Nifty sectoral indices showed Bank, auto, and FMCG stocks in the red, while the rest are in the green. Banks and PSU ban shares lost thelost at 0.54% and 0.56% respectively

Jul 24, 2024, 10:25:14 IST

Stock market LIVE Updates: Markets relatively stable, Nifty VIX down 3.35%

All Nifty sectoral indices remain in the green, except the benchmark Nifty 50. Volatility less as Nifty VIX is down 3.35%

Jul 24, 2024, 10:10:09 IST

Stock market LIVE Updates: FMCG down after rally yesterday

The Nifty FMCG index was down 0.13% or 78.15 points at 62,433.10 after a 2.5% gain in yesterday's trading session.

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