Stock Market Closing On 24 July 2024: Finance Minister Nirmala Sitharaman’s budget has spoiled the mood of the Indian stock market since Tuesday 23 July and it has not yet recovered. The market has not yet recovered from the shock of increasing short term capital and long term capital tax on equity. Heavy selling was also seen in the trading session the day after the budget. This selling was led by banking and FMCG sector stocks. However, heavy buying was seen in midcap and smallcap stocks. At the end of today’s trading, the BSE Sensex closed with a decline of 280 points at 80,149 points while the National Stock Exchange’s Nifty closed with a decline of 65 points at 24,413 points.
rising and falling stocks
In today’s trading, Tech Mahindra closed with a gain of 2.71 percent, NTPC 2.67 percent, Tata Motors 2.63 percent, Sun Pharma 1.08 percent, Power Grid 0.94 percent, Asian Paints 0.51 percent. Whereas Bajaj Finserv closed with a decline of 2.43 percent, Bajaj Finance 1.81 percent, HUL 1.80 percent, Adani Ports 1.58 percent.
Investors’ wealth boom
Despite the fall in Sensex-Nifty, the market capitalization of the stock market has closed with a jump due to the rise in midcap and smallcap stocks. The market capitalization of the stocks listed on BSE has closed at Rs 449.67 lakh crore, which was closed at Rs 446.80 lakh crore in the last trading session. That is, in today’s session, the market valuation has seen a jump of Rs 2.87 lakh crore.
Sectorol Update
In today’s trading session, IT, pharma, media, energy, consumer durables, healthcare, oil and gas, real estate and auto stocks closed with gains. While selling was seen in the stocks of banking and FMCG sector. Due to buying in midcap and smallcap stocks, the midcap index of Nifty closed with a jump of 587 points at 56,872 points while the smallcap index of Nifty closed with a jump of 323 points. Out of 30 stocks of Sensex, 12 stocks closed with gains and 18 closed with losses.
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