July 25, 2024
New Delhi, India
The Indian stock market ended flat on Thursday amid the monthly F&O expiry for the July series. Despite a steep sell-off in the morning, the benchmarks BSE Sensex and NSE Nifty50 managed to clock a steady recovery during the day.
Market Highlights:
- BSE Sensex: Ended at 80,040, down 109 points or 0.14%, recovering from a low of 79,478.
- Nifty50: Closed at 24,406, down 7 points or 0.03%, hitting an intraday low of 24,211.
- BSE Midcap Index: Ended 0.2% lower.
- BSE SmallCap Index: Ended 0.14% lower.
Top Gainers:
- Tata Motors
- ONGC
- SBI Life Insurance
- BPCL
- Sun Pharma
Top Losers:
- Axis Bank: Down 5.2%, the biggest laggard.
- Nestle India
- Titan Company
- ICICI Bank
- Tata Steel
- IndusInd Bank
- ITC
Sector Performance:
- Gains: Auto, capital goods, power, oil & gas, healthcare, and media sectors rose by 0.5-3%.
- Losses: Bank, IT, metal, realty, and telecom sectors shed 0.5-1%.
- Nifty Metal Index: Fell over 1%.
- Nifty Private Bank Index: Declined by 0.9%.
- Nifty Bank Index: Dropped by 0.83%.
- Nifty Auto Index: Rallied over 1%.
The market saw a mixed performance in broader indices with the BSE Midcap and SmallCap indices closing marginally lower. The recovery in the benchmarks was largely driven by strength in shares of Tata Motors, HDFC Bank, L&T, Sun Pharma, and Kotak Bank.
As the trading session concluded, market sentiment reflected caution amidst volatility, with specific sectors outperforming despite broader market weakness.
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