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Market Update: Closing Bell on Friday, July 5, 2024

Equity Markets in the Red

Equity markets settled in the negative zone on Friday, July 5, 2024, weighed largely by HDFC Bank, Titan Company, Tata Steel, and M&M. The benchmarks fell roughly 0.6 per cent in the intraday trade, but ended flat amid a fag-end recovery led by Reliance Industries.

Key Indices Performance

The BSE Sensex hit an intraday low of 79,479, before ending at 79,997, down 53 points or 0.07 per cent. Similarly, the Nifty50 hit a low of 24,169 before closing at 24,324, up 21 points or 0.09 per cent.

Top Gainers and Losers

Shares of RIL gained 2.58 per cent, helping the Sensex and Nifty indices recoup losses. This was followed by SBI (2.5 per cent), NTPC (1.9 per cent), HUL (1.89 per cent), L&T (1.3 per cent), and Nestle India (1.2 per cent). On the other hand, HDFC Bank (down 4.4 per cent), Titan Company, M&M, Tata Steel, and Tata Motors weighed.

Sectoral Performance

Sectorally, the Nifty Private Bank, Financial Services, and Bank indices fell 1 per cent each. On the upside, the Nifty FMCG, Pharma, and PSU Bank indices added more than 1 per cent each.

MidCap and SmallCap Indices Reach New Highs

On the contrary, the BSE MidCap and SmallCap indices hit record highs in the intraday trade, and closed 0.7 per cent higher each.

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