Stock Markets after recording big benchmarks ended up losing big on 19th July. Investors have looked book profits with impending Union Budget revelation next week. They remained circumspect initially after the big indices opened higher than previous closing. Later, with huge demand in booking profits, markets close to Rs.8 Lakh crores in valuation.
In the session, Small cap and Midcap indices have dived down even more than the bigger ones. All major stocks saw huge number of investors booking profits while Infosys, ITC survived the onslaught. With huge losses, Big indices of Stock Markets, BSE lost 738.81 points to close at 80,604.65 and Nifty50 lost 269.95 points to close at 24,530.90 mark.
In this session of Stock Markets, BSE Sensex started trading below previous closing at 81,585.06 and then continued to trade between 81,587.76 – 80,499.10. On the other hand, Nifty Sensex started trading lower than previous closing at 24,853.80 mark and it hit its highest for the day at 24,854.80. While Nifty50 hit the lowest at 24,508.15.
Indian Rupee traded at Rs.83.73 against USD on 19th July 2024. Infosys, ITC, Asian Paints, HCL Technologies ended as Top Gainers in Sensex. Infosys, ITC, Asian Paints, Britannia Industries, LTI Mindtree ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Tata Steel, NTPC, Tata Motors, Ultratech Cement, Tech Mahindra stocks ended as Top Losers in Sensex. While Tata Steel, Bharat Petroleum Corporation, JSW Steel, Hindalco Industries, Oil & Natural Gas Corporation ended as Top Losers in Nifty50.
