July 30, 2024
New Delhi, India
Stock Market Highlights
On Tuesday, July 30, 2024, the benchmark equity indices, BSE Sensex and NSE Nifty50, ended the day flat. The broader market, however, saw some gains with the BSE MidCap index rising by 0.6% and the SmallCap index adding 0.8%.
Closing Figures:
- Sensex: Settled at 81,455, up by 0.12% or 99.56 points.
- Nifty50: Ended at 24,857, up by 0.09% or 21.20 points.
Performance Highlights:
- Top Gainers on Nifty50:
- Tata Motors
- NTPC
- BPCL
- Power Grid Corporation
- Titan Company
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- Top Losers on Nifty50:
- LTIMindtree
- SBI Life Insurance Company
- Cipla
- Sun Pharma
- Grasim Industries
Session Highlights: Despite facing downward pressure at the open due to profit-taking, the benchmarks hovered near all-time highs. The indices reached fresh peaks before pulling back, ending the session almost unchanged. The Nifty50 nearly touched the 25,000 mark again, having reached an intraday high of 24,999.8 in the previous session.
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Sectoral and Stock Performance:
- Notable Performers:
- Nykaa: Jumped 9%
- Tata Motors: Rose 3%
- Other Stocks Reacting to Earnings: ACC, Colgate-Palmolive, HPCL, Data Patterns, Quess Corp, KEI Industries, Pfizer, Kalpataru Projects
Market Sentiment: Indian shares opened the session little changed but posted a record closing high. The Nifty50’s attempt to reach the 25,000 mark signified strong underlying bullish sentiment despite minor pullbacks.
Disclaimer:
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