Stock Market Today: Nifty, Sensex Close Lower After Hitting New Record Highs
The NSE Nifty 50 scaled a fresh high of 23,110.80, and the S&P BSE Sensex rose to record high of 76,009.68.
KEY HIGHLIGHTS
Rupee Weakens Against U.S. Dollar
The local currency weakened by 5 paise to close at 83.14 against the U.S dollar.
It closed at 83.09 on Friday.
Source: Exchange filing
Nifty, Sensex Close Lower After Hitting New Record Highs: Market Wrap
India's benchmark indices ended lower changed on Monday after hitting record highs tracking losses in shares of Reliance Industries Ltd., ITC Ltd., and Mahindra & Mahindra Ltd.
The NSE Nifty 50 ended 24.55 points or 0.11% lower at 22,932.55, and the S&P BSE Sensex settled 45.79 points or 0.06% lower at 75,364.60.
Earlier in the day, the NSE Nifty 50 rose 0.67% or 153.70 points to record high of 23,110.80. The S&P BSE Sensex 0.79% or 599.29 points to fresh high of 76,009.68.
Reliance Industries Ltd., ITC Ltd., Mahindra & Mahindra Ltd., Adani Enterprises Ltd. dragged the benchmark indices.
HDFC Bank Ltd., Axis Bank Ltd., Larsen & Toubro Ltd., Infosys Ltd., and State Bank of India limited losses in the benchmark
On NSE, seven sectors declined, and five advanced out of 12. The NSE Nifty Media declined the most among sectoral indices, and the NSE Nifty PSU Bank gained the most sectoral indices.
Broader markets were mixed. The S&P BSE Midcap ended 0.63% higher and the S&P BSE Smallcap ended 0.09% lower.
Ten out of 20 sectoral indices on the BSE fell and ten rose. S&P BSE Realty rose the most and S&P BSE Oil & Gas was the top loser.
The market breadth was skewed in the favour of sellers. Around 2,254 stocks declined, 1,711 rose, and 140 remained unchanged on the BSE.
Track the historical performance of NSE and BSE indices here.
Nykaa Board Appoints New Independent Director
FSN E-Commerce Ventures Ltd.'s board appoints Santosh Desai as Independent Director effective July 15.
Source: Exchange filing
Landmark Cars Drops To Over Six-Month Low
Shares of Landmark Cars fell 6.09% to Rs 678.10, the lowest level of Nov 10, 2023. It was trading 5.84% down at Rs 679.95 as of 2:43 p.m., as compared to 0.35% advance in the NSE Nifty 50 index.
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Power Finance Hits Record High
Shares of Power Finance Corp Ltd. rose 6.0% to Rs 520.00, the highest level since its listing on Feb 23. It was trading 5.94% higher at Rs 520.80 as of 2:36 p.m., as compared to 0.37% advance in the NSE Nifty 50 index.
