July 9, 2024
New Delhi, India
Stock Market Highlights
Indian equity benchmarks surged to record highs on Tuesday, buoyed by gains in major stocks like Maruti Suzuki, M&M, ITC, and Titan Company.
Key Indices Performance
- Nifty50: Recorded a fresh high of 24,439 before closing at 24,433, up 113 points or 0.46%.
- BSE Sensex: Touched a lifetime peak of 80,397 and ended at 80,352, up 391 points or 0.49%.
Broader Market Trends
- BSE MidCap Index: Started firm, dipped, but rebounded to close 0.36% higher.
- BSE SmallCap Index: Followed a similar trend, ending 0.22% higher.
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Sectoral Performance
- Nifty Auto Index: Added 2.09%.
- Nifty PSU Bank Index: Gained 1.07%.
- Nifty Pharma Index: Increased by 1.6%.
- Overall Sectoral Performance: Except for IT and energy, all sectoral indices ended in the green. The auto, FMCG, healthcare, and realty sectors saw gains between 1-2%.
Top Gainers and Losers
- Top Gainers:
- Maruti Suzuki: Leapt 6%
- M&M
- ITC: Rose 2%
- Titan Company
- Divis Labs
- Top Losers:
- ONGC
- Tata Consumer
- Reliance Industries
- Shriram Finance
- Bajaj Finance
Market Sentiment
In early trading on Tuesday, benchmark indices experienced a resurgence driven by purchases of blue-chip stocks and foreign fund inflows. The Sensex rose by 205.99 points to reach 80,166.37, while the Nifty increased by 53 points, reaching 24,373.55.
Closing Bell Summary
Indian benchmark indices ended at record highs on July 9, supported by buying across most sectors. The Sensex was up 391.26 points or 0.49% at 80,351.64, and the Nifty was up 112.65 points or 0.46% at 24,433.20. The market breadth was positive with 1,771 shares advancing, 1,664 shares declining, and 83 shares remaining unchanged.
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