Feedback | Saturday, July 20, 2024

05/07/24 | 5:35 pm | Nifty-Sensex

Stock market ends week flat after record highs

Indian benchmark indices ended flat on Friday after a record-breaking rally earlier in the week.

The BSE Sensex closed 53.07 points lower at 79,996.60, falling just short of the 80,000 mark, while the NSE Nifty edged up 21.70 points to close at 24,323.85.

This mixed closing reflected a day of cautious trading as investors weighed profit-taking against optimism from positive sectoral performances and key corporate announcements.

Among the Nifty-listed companies, 34 reported gains, while 16 experienced declines, showcasing a balanced yet cautious market sentiment.

Top gainers included Britannia, buoyed by strong demand for FMCG products, and Cipla, which saw a positive outlook in the pharmaceutical sector due to robust export orders.

Shares of Raymond surged over 18% to a yearly peak following the announcement that its board approved the demerger of its realty business into Raymond Realty Ltd.

Several major companies faced declines. HDFC Bank’s shares dropped amid concerns over rising interest rates impacting loan growth. Titan witnessed a decline due to weaker-than-expected sales in its jewelry segment, while LTIMindtree was hit by concerns over global IT spending and competition.

(With ANI input)

Copyright © 2024 DD News. All rights reserved
Visitors: 5098702
Last Updated: 19th Jul 2024