Stock Markets recorded marginal highs once again on 16th July. Investors continued to be optimistic hoping Union Budget 2024 to be more favourable for every industry. Despite global cues being infavorable, this optimism helped investors to invest in heavyweights. Hence, indices extended highs marginally.
In the session, once again indices started the session higher than previous session. Throughout the session, indices never dropped to red and maintained in green. But at the new all-time highs, investors booked profits in some stocks. Hence, Big indices of Stock Markets, BSE gained 51.69 points to close at 80,716.55 and Nifty50 gained 26.30 points to close at 24,613.00 mark.
In this session of Stock Markets, BSE Sensex started trading above previous closing at 80,731.49 and then continued to trade between 80,598.06 – 80,898.30. On the other hand, Nifty Sensex started trading higher than previous closing at 24,615.90 mark and it hit its highest for the day at 24,661.25. While Nifty50 hit the lowest at 24,587.65.
Indian Rupee traded at Rs.83.58 against USD on 16th July 2024. Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys and Mahindra & Mahindra ended as Top Gainers in Sensex. Coal India, Bharat Petroleum Corporation, Hindustan Unilever, Tata Consumer and Bharti Airtel ended as Top Gainers in Nifty50.
On the other hand in top indices of Stock Markets; Kotak Mahindra Bank, NTPC, Reliance Industries, Ultratech Cement and Power Grid Corporation Of India stocks ended as Top Losers in Sensex. While Shriram Finance, Dr Reddys Laboratories, Kotak Mahindra Bank, Ultratech Cement and NTPC ended as Top Losers in Nifty50.
