Markets end flat on expiry day, Nifty tests 24,400; Tata Motors in top gear, shoots up 7%
Indian equity indices ended on a lower note on Thursday. The NSE Nifty 50 fell 7.40 points or 0.03%, from its previous close, to settle the day’s trading at 24,406.10. While the BSE Sensex closed 109 points points or 0.14% lower at 80,040. Auto and oil & gas stocks led the market’s recovery. L&T and Tata Motors along with HDFC Bank contributed the highest among other stocks, pushing the indices to close on a flat level.
“After a volatile session, the Indian market concluded on a flat note, influenced by lower-than-expected earnings growth from major banks,” said Vinod Nair, Head of Research at Geojit Financial Services.
Sectoral Index Bucked Trend
Bank Nifty slumped 428.25 points or 0.83% to end the session at 50,888.75. However, Nifty Midcap 100 added 131 points or 0.23% settling the day’s trading at 56,741.75. In the broader markets, smallcap and midcap stocks closed in the red.
Markets ed…
Stocks To Watch- LTIM, Asian Paints, IREDA, Glenmark Pharma, L&T Finance
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a gap down opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded lower as the index was down 38 points or 0.15% at 24,667.50 indicating a lower start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Tuesday, the NSE Nifty 50 rose 26 points or 0.11% to settle at 24,613, while the BSE Sensex advanced 51.69 points or 0.06% to close at 80,716.55.
Stocks to watch on July 18, 2024
LTIMindtree
LTIMindtree reported a sequential increase in its revenue and net profit for the quarter that ended June, driven by deal ramp-ups and a rise in digital spending by clients. However, while the topline exceeded estimates, the bottom line slightly missed Street expectations. The consolidated revenue rose nearly 3% quarter-on-quarter to Rs 9,142.6 cr…