Stock Market Highlights: Sensex, Nifty recoup losses, end flat
Stock Market Highlights: Markets recovered from a crash after Finance Minister Nirmala Sitharaman proposed to hike securities transaction tax (STT).
Stock market Highlights: Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 on July 23, for the new NDA-led coalition government. ...Read More
The nine key priorities of the government as seen in the Union Budget 2024 include 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.
The Finance Minister's proposal to hike the securities transaction tax (STT) led to the benchmark Sensex plummeting by over 900 points, reaching below 79,515.64. The Nifty also fell below 24,300. Since then, the markets have eventually recovered.
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.
On July 22, stock markets closed lower with benchmark Sensex dropping 102 points amid selling in index heavyweight Reliance Industries and Kotak Bank on muted earnings ahead of the Union Budget. The 30-share BSE Sensex dropped by 102.57 points or 0.13 per cent to settle at 80,502.08. The broader Nifty of the NSE dipped 21.65 points or 0.09 per cent to 24,509.25.
Follow all the updates here:
- Tue, 23 Jul 2024 04:40 PM
Stock Market Live Updates: Top 3 gainers and losers
The top 3 gainers in the BSE Sensex are Titan Company Ltd which was up 6.63% and closed at ₹3,468.15, ITC Ltd which was up 5.52 % and closed at ₹492.05, and Adani Ports which was up 2.83 % and closed at ₹1508.25.
The top 3 losers on the BSE Sensex are Larsen and Toubro Ltd, which was down 3.10 % and closed at ₹3538.40, Bajaj Finance Ltd which was down 2.18 % and closed at ₹6732.20, and State Bank of India which was down 1.65 % and closed at ₹863.90.
- Tue, 23 Jul 2024 03:33 PM
Stock Market Live Updates: Sensex and Nifty close in the red, but fully recover from the crash
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.
- Tue, 23 Jul 2024 03:15 PM
Stock Market Live Updates: SpiceJet plans to raise ₹3,000 crore, shares shoot up 7% and settle at 3.28% up
SpiceJet shares jumped as much as 7% to 58.65 rupees after the announcement and is currently trading at ₹56.61, a 3.28% jump. Its shares were down about 4% so far in 2024.
- Tue, 23 Jul 2024 02:32 PM
Stock Market Crash Live Updates: Rupee drops to a record low after stock market crash
The rupee dropped to 83.69 against the dollar, inching past the previous lifetime low of 83.6775 to the dollar after the stock market crashed following Finance Minister Nirmala Sitharaman's proposal to hike the securities transaction tax (STT). This was in comparison with its value of 83.6275 before the budget presentation.
- Tue, 23 Jul 2024 02:09 PM
Stock Market Crash Live Updates: Markets slowly seem to recover from the crash
The benchmark Sensex while still in the red, is recovering slowly. Currently it is down by 253.62 points, compared to the 986.44 point plunge it faced after Finance Minister Nirmala Sitharaman proposed hiking up the securities transaction tax (STT).
The Nifty currently hovers around 24,467.45, down by 41.80 points.
- Tue, 23 Jul 2024 01:23 PM
Stock Market Crash Live Updates: Brief look at various sectors; Most in red, but FMCG shines in the green
The Nifty sectoral indices sow that the banks are down by 1.67%, financial services is down by 2.06%, IT is down by 0.43%, Metals are down by 1.60%, Pharma is down by 0.13%, Oil & Gas is down by 1.87%, and Auto is down by 0.17%.
FMCG on the other hand is up by 2.5%.
- Tue, 23 Jul 2024 12:39 PM
Stock Market Crash Live Updates: New income tax slabs announced
Up to 3,00,000: Nil
From 3,00,000 to 7,00,000: 5%
From 7,00,000 to 10,00,000: 10%
From 10,00,000 to 12,00,000: 15%
From 12,00,000 to 15,00,000: 20%
Above 15,00,000: 30%
- Tue, 23 Jul 2024 12:35 PM
Stock Market Crash Live Updates: Sensex plunges by over 900 points
The benchmark Sensex plummeted by over 900 points, reaching ₹79,515.64, a loss of 986.44 points.
- Tue, 23 Jul 2024 12:27 PM
Stock Market Crash Live Updates: Securities transaction tax proposed to increase; Market crashes
The benchmark Sensex plunged 1.09 % or 876.39 points to 9,625.69, while the Nifty fell 1.09% or by 267.30 points to 24,241.95.
- Tue, 23 Jul 2024 12:11 PM
Stock Market Live Updates: FM proposes to reduce customs duty on gold and silver to 6% and on platinum to 6.4%
- Tue, 23 Jul 2024 12:09 PM
Stock Market Live Updates: Customs duty proposed to be exempted on 25 critical minerals
The Finance Minister has proposed to exempt customs duty on 25 critical minerals including Lithium and Cobalt due to their applications in auto, nuclear, telecom, and multiple other sectors.
- Tue, 23 Jul 2024 12:06 PM
Stock Market Live Updates: Sensex plummets over 200 points, Nifty falls over 50 points
The benchmark Sensex plunged by 0.26 % or 209.75 points, reaching 80,292.33. The Nifty fell 0.26% or 62.65 points to 24,446.60.
- Tue, 23 Jul 2024 12:04 PM
Stock Market Live Updates: Stocks of Andhra companies gain after ₹15,000 crore allocation for Amaravati.
Andhra Cements Ltd share prices grew 4.99% to ₹99.01, NCL Industries Ltd share was up 2.18% to ₹227.15, and Likhitha Infrastructure Ltd was up 3.70% to ₹447.15.
- Tue, 23 Jul 2024 11:58 AM
Stock Market Live Updates: Agro stocks rise after allocation of ₹1.52 lakh crore to agri sector
Kaveri Seed Company Ltd saw an 8.06% rally in share prices, reaching ₹1,045.40. Nova Agritech Ltd is up 3.74% reaching ₹72.59, and Dhanuka Agritech Ltd is up 1.05%, trading at ₹1,680.70.
- Tue, 23 Jul 2024 11:49 AM
Stock Market Live Updates: Nifty and Sensex losses ease
The benchmark Nifty and Sensex which saw a dive half a hour into Finance Minister Nirmala Sitharaman's budget speech has eased, with the Nifty's losses easing to 21.95 points and the Sensex's losses down to 29.66 points.
- Tue, 23 Jul 2024 11:43 AM
Stock Market Live Updates: Details of the Employment Linked Incentive
- Tue, 23 Jul 2024 11:42 AM
Stock Market Live Updates: FMCG stocks grow
The Nifty FMCG index grew 1.40% or 849.50 points to 61,731.25.
- Tue, 23 Jul 2024 11:38 AM
Stock Market Live Updates: Government will prioritize increasing the participation of women in the workforce, Finance Minister says
The Union Budget 2024 will prioritize increasing the participation of women in the workforce, Finance Minister Nirmala Sitharaman said.
- Tue, 23 Jul 2024 11:36 AM
Stock Market Live Updates: Nifty and Sensex fall as budget speed underway
Both the Nifty and Sensex fall half an hour into Finance Minister Nirmala Sitharaman's budget speech. The Sensex fell 0.08 % to 80,438.61, a drop of 63.47 points and Nifty fell to 24,462.95, a drop of 0.19% or 46.30 points.
- Tue, 23 Jul 2024 11:31 AM
Stock Market Live Updates: Rupee trades lower with budget session underway
The Rupee is trading at 83.6387 to the dollar, which is 0.03% lower.
- Tue, 23 Jul 2024 11:25 AM
Stock Market Live Updates: Government will provide one month salary support to all persons newly entering the formal sector workforce
The government will provide 1 month wages or salary support to all persons newly entering workforce in the formal sector, Finance Minister Nirmala Sitharaman says.
- Tue, 23 Jul 2024 11:18 AM
Stock Market Live Updates: FM lists 9 priorities of Modi 3.0 government
Finance Minister Nirmala Sitharaman outlined nine priorities for this year and coming years in the Union Budget 2024 including:
- Productivity and resilience in Agriculture
- Employment and skilling
- Inclusive HRD and social justice
- Mfg & services
- Urban development
- Energy security
- Infra
- Innovation, R&D
- Next generation reforms
- Tue, 23 Jul 2024 11:12 AM
Stock Market Live Updates: Adani stocks in the green as Budget speech begins
Adani Enterprises Ltd traded up 1.07%, a gain of 32.05 points to reach ₹3,032.20. APSEZ was up to ₹1,498.85, a gain of 2.19% or 32.05 points. Adani power was up to ₹723.25, a gain of 3.89% or 27.10 points.
- Tue, 23 Jul 2024 11:07 AM
Stock Market Live Updates: Sensex, Nifty gain as Finance Minister Nirmala Sitharaman begins budget speech
The benchmark Sensex gained 0.09% or 76.43 points, reaching 80,578.51 while the Nifty gained 0.02% or 4.90 points, reaching 24,514.15 as Finance Minister Nirmala Sitharaman begins her budget speech.
- Tue, 23 Jul 2024 10:50 AM
Stock Market Live Updates: 10 minutes to go for the Union Budget 2024 presentation, Nifty and Sensex still in the red
Finance Minister Nirmala Sitharaman will be presenting her record seventh consecutive budget at 11 am. Both the benchmark Nifty and Sensex remain in the red, losing 45 and 133 points respectively.
- Tue, 23 Jul 2024 10:46 AM
Stock Market Live Updates: Rupee trades 0.03% lower ahead of budget speech
The Rupee is trading at 83.6413 against the US Dollar, a drop of 0.03%, with less than 15 minutes to go before the budget speech commences.
- Tue, 23 Jul 2024 10:41 AM
Stock Market Live Updates: Nifty and Sensex fall ahead of Finance Minister Nirmala Sitharaman's Union Budget 2024 speech
Nifty falls to 24,454.70, a drop of 0.22% or 54.55 points and the Sensex falls to 80,374.28, losing 0.16% or 127.80 points with less than 20 minutes to go before Finance Minister Nirmala Sitharaman presents the Union Budget 2024.
- Tue, 23 Jul 2024 10:31 AM
Stock Market Live Updates: Around 34 companies to announce Q1 2024-25 financial results today
Around 34 companies including Bajaj Finance, DCM Shriram, Heritage Foods, Hindustan Unilever, ICICI Prudential, ICICI Securities, ICRA, Indoco Remedies, Kajaria Ceramics, Mahindra and Mahindra Financial Services, Schaffler India, Sharda Cropchem, SRF, Steel Strips Wheels, Thyrocare Technologies, Torrent Pharmaceuticals, and United Spirits are to announce their Q1 2024-25 financial results today.
- Tue, 23 Jul 2024 10:27 AM
Stock Market Live Updates: Sensex and Nifty down ahead of Budget speech.
The Sensex is down by 145 points and Nifty is down by 65 points ahead of Finance Minister Nirmala Sitharaman's budget speech.
- Tue, 23 Jul 2024 10:21 AM
Stock Market Live Updates: Nifty Bank and PSU Bank indices down ahead of budget
Nifty Bank index down 0.23% or 122.65 points to 52,157.75 points, Nifty PSU Bank index down 0.27% or 19.75 points to 7,301.75 points.
- Tue, 23 Jul 2024 10:16 AM
Stock Market Live Updates: Nifty and Sensex remain flat as Budget speech comes closer
Sensex remains flat at 80,384.82, a drop of 0.15% or 117.26 points. Nifty drops to 24,454.10, a 0.23% drop of 55.15 points.
- Tue, 23 Jul 2024 10:14 AM
Stock Market Live Updates: Nifty Metals lag
The Nifty Metals index dropped by 1.35% or 126.55 points to 9,224.05 points, dragged down by Vedanta, NALCO, and Hindustan Copper.
- Tue, 23 Jul 2024 10:08 AM
Stock Market Live Updates: Government bond yields open flat ahead of Union Budget 2024 speech
The yield of the 10-year sovereign Indian government bond opened at 6.9662 % today, compared to the previous close of 6.9663%.
- Tue, 23 Jul 2024 10:01 AM
Stock market Live Updates: Nirmala Sitharaman reaches Parliament with red tablet for her record 7th Budget speech
Finance minister Nirmala Sitharaman has reached the Parliament with the red tablet for her record 7th Budget speech.
- Tue, 23 Jul 2024 09:59 AM
Stock market Live Updates: Sensex, Nifty erase early gains ahead of Sitharaman's budget speech
The Sensex loses 0.03% or 21.83 points, dropping to 80,480.25 and the Nifty loses by 0.04% or 10.10 points, falling to 24,499.15.
- Tue, 23 Jul 2024 09:53 AM
Stock market Live Updates: Which sectors will be in focus?
Auto, defence, real estate, power, and railways will be the sectors in focus as the Union Budget 2024 will be presented at 11 am.
- Tue, 23 Jul 2024 09:48 AM
Stock market Live Updates: These stocks fell the most on the Sensex
HDFC Bank plunges by 10.60 points, RIL loses 11.20 points and HCLTech falls by 12.85 points.
- Tue, 23 Jul 2024 09:38 AM
Stock market Live Updates: Rupee opens in the red ahead of Union Budget
The Rupee opened at 83.64 against the US Dollar, compared to the previous close of ₹83.66, a drop of 0.22%.
- Tue, 23 Jul 2024 09:33 AM
Stock market Live Updates: Top gainers on the BSE
UltraTech Cements gains 1.53% at ₹11692.15, followed by M&M, up by 1.29 % at ₹2840.40 and NTPC, up by 0.86 % at ₹376.75.
- Tue, 23 Jul 2024 09:23 AM
Stock market Live Updates: Markets open in the green ahead of Union Budget 2024
The benchmark Nifty opened at 24,568.90, an increase of 0.24% or 59.65 points and the Sensex opened at 80,724.30, an increase of 222.22 points or 0.27%.
- Tue, 23 Jul 2024 09:11 AM
Stock market Live Updates: Nifty and Sensex pre-open in the green
The benchmark BSE Sensex gained upon pre-open at 80,792.99, an increase of 0.36% or 290.91 points. The Nifty was up by 0.24% or 59.65 points to 24,568.90
- Tue, 23 Jul 2024 08:35 AM
Budget 2024 Stock market Live Updates: Themes of the budget that will influence the stock market
JM Financial wrote in a recent note, "The continuation of existing capex agenda (infrastructure, railways, defence, renewable/clean energy), higher budgetary allocation to revive rural economy, job creation and roadmap for 'Viksit Bharat' by 2047 would be the key theme for the Union Budget 2024-25."
- Tue, 23 Jul 2024 08:28 AM
Budget 2024 Stock market Live Updates: Budget expectations
Brokerage house Emkay said in a recent note that the budget is likely to continue signaling fiscal consolidation both for the short and medium term, mirroring the policies seen in the interim budget.
- Tue, 23 Jul 2024 08:09 AM
Budget 2024 Stock market Live Updates: Previous close of the benchmark Nifty and Sensex
The benchmark indices ended lower on July 22, with the Sensex closing at 80,502.08, a dip of 0.13% or 102.57 points. The Nifty closed at 24,509.25, a dip of 0.09% or 21.65 points.
- Tue, 23 Jul 2024 06:53 AM
Budget 2024 Stock market Live Updates: Nirmala Sitharaman presents Budget today
Finance Minister Nirmala Sitharaman will be presenting her seventh consecutive Union Budget in a row.