Finance
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a lower note on July 24 a day after Finance Minister Nirmala Sitharaman presented the Union Budget for FY25. The BSE Sensex lost 280 points, or 0.35%, to end the day at 80,148.88, maintaining the psychological level of 80,000. The NSE Nifty 50 closed 65.55 points, or 0.27% lower, at 24,413.50. Bank Nifty closed down 461.30 points, or 0.89%, at 51,317. Against the trend, the Nifty Midcap 100 closed 587.50 points or 1.04% higher at 56,872.75.
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Market Updates:
HDFC Life Insurance, BPCL, Tech Mahindra, NTPC, and SBI Life Insurance were the top gainers in the Nifty 50. While Bajaj Finserv, Britannia, Hero MotoCorp, Tata Consumer Products, and HUL were the major losers in the Nifty 50 during the later hour on July 24.
On Wednesday, the Nifty Bank index was the worst performer, slipping by over 1%, while the FMCG index followed with a 0.5% decline, despite the government’s increased focus on rural consumption. Hindustan Unilever‘s (HUL) Q1 earnings report contributed to the FMCG sector’s downturn, with HUL shares falling more than 2%.
In contrast, the realty and energy sectors saw strong performance, with both indices surging by nearly 2%. Leading the gains in the energy sector were Reliance Industries, NTPC, Coal India, ONGC, and Power Grid.
The NSE Nifty 50 was down 0.44% at 24,373, while the BSE Sensex was down 0.55% at 79,983.
BSE, Suzlon Energy, Kalyan Jewellers India, Motilal Oswal Financial Services, and Prestige Estate Projects were the top gainers in the Nifty Midcap 100. While Bandhan Bank, Mphasis, Dizon Technology, PI Industries, and IDFC First Bank were the major losers in the Nifty Midcap 100 on July 24.
The NSE Nifty 50 opens down by 34.10 points or 0.14% at 24,444.95, while the BSE Sensex drops 85.65 points or 0.11% to 80,343.39 in the opening trade.
Shares in the Asia-Pacific region are trading in negative territory on Wednesday morning. The Asia Dow is trading up by 0.96%, where as the Japan’s Nikkei 225 is trading in red, down by 0.22%, Hong Kong’s Hang Seng index is traded marginally lower by 0.21% and the benchmark Chinese index Shanghai Composite ended down by 0.05%.
Source:FE
