Stock Markets ended with huge losses on 2nd August. Investors focused on booking profits and decided to withdraw their investments from several big players. Maruthi Suzuki, Tata Motors have been major losers in both the big indices. HDFC Bank, Kotak Mahindra Bank and Sun Pharmaceutical Industries traded in green at the same time.
In the session, most of the investors fears about recession resurfacing after distressing data been announced from USA. This resulted in every stock facing huge sell out pressure. While few big stocks did resist but mostly, markets faced heavy losses. Hence, Big indices of Stock Markets, BSE lost 885.59 points to close at 80,981.95 and Nifty50 lost 293.20 points to close at 24,717.70 mark.
In this session of Stock Markets, BSE Sensex started trading above previous closing at 81,158.99 and then continued to trade between 81,345.60 – 80,868.91. On the other hand, Nifty Sensex started trading above previous closing at 24,789.00 mark and it hit its highest for the day at 24,851.90. While Nifty50 hit the lowest at 24,686.85.
Indian Rupee traded at Rs.83.78 against USD on 02nd August 2024. HDFC Bank, Sun Pharmaceutical Industries, Kotak Mahindra Bank, Nestle India and Asian Paints ended as Top Gainers in Sensex. Divis Laboratories, HDFC Bank, Dr Reddys Laboratories, Sun Pharmaceutical Industries and Kotak Mahindra Bank ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Maruti Suzuki India, Tata Motors, Wipro, Tata Steel and Larsen & Toubro stocks ended as Top Losers in Sensex. While Eicher Motors, Maruti Suzuki India, Tata Motors, Hindalco Industries and JSW Steel ended as Top Losers in Nifty50.
