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Stock Market Highlights, July 8: Indices End Flat After Dull Day; State-Owned Banks Fall, FMCG Bucks Trend | Market News

Stock Market Highlights, July 8: Indices End Flat After Dull Day; State-Owned Banks Fall, FMCG Bucks Trend | Market News
Stock Market Highlights, July 8: Indices End Flat After Dull Day; State-Owned Banks Fall, FMCG Bucks Trend | Market News

 


Closing bell on Monday, July 8, 2024:Benchmark indices Sensex and Nifty50 remained in the negative zone on Monday even as broader Mid and SmallCap indices hit fresh record highs.

The BSE Sensex index fell 265 points in morning trade but recovered its losses to end at 79,960 points, down 36 points or 0.05 per cent. On the NSE, the Nifty50 fell below the 24,250 mark but managed to close at 24,321 points, down 3 points or 0.01 per cent.

The recovery from the day's low was supported by ITC, Hindustan Unilever (HUL), Nestle India, HCL Tech, Reliance Industries (RIL), Tata Motors, Infosys and IndusInd Bank.

On the downside, Titan Company, HDFC Bank, TCS, Tata Steel, Adani Ports, Sun Pharma and Asian Paints exerted pressure.

Broader indices, however, hit all-time highs in intraday trade, also ending with a negative bias. BSE MidCap and SmallCap indices closed down 0.14 per cent and 0.22 per cent respectively.

Among sectors, all indices except the Nifty FMCG index declined. The Nifty Metal, PSU Bank and Consumer Durable indices fell over 1% each, while the Nifty FMCG index gained 1.6%.

Sources

1/ https://Google.com/

2/ https://www.business-standard.com/markets/news/stock-market-live-updates-july-8-gift-nifty-sensex-nse-bse-nifty50-ipo-listing-today-124070800068_1.html

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