Leaders Online Desk: Sensex and Nifty in the Indian stock market recorded new record highs on Friday (24th). But both indices closed flat after the subsequent ups and downs. The Sensex ended marginally lower at 75,410 with a marginal decline of 7 points. While the Nifty fell by 10 points to settle flat at 22,957. BSE Midcap closed up 0.2 percent. While smallcap fell by 0.2 percent.
IT shares fell after the US Federal Reserve signaled that there would be no early cut in interest rates. The Nifty 50 index touched an all-time high of 23,000 in the morning trade. While the Sensex had reached a new peak of 75,636. After that the market fluctuated.
Which stocks rose?
Sensex opened at 75,335 points today. He then recorded an all-time high of 75,636. It then traded at the 75,400 level. Shares of HDFC Bank, Bharti Airtel, LT, Ultratech Cement, NTPC rose on the Sensex. While the shares of ITC, M&M, TCS, Asian Paints, Tech Mahindra, JSW Steel, Titan, Sun Pharma fell.
Nifty had opened at 22,930. It then hit a new high of 23,026. HDFC Bank, Bharti Airtel, BPCL, LT, Ultratech Cement remained bullish on Nifty. While Adani Ports, Tech Mahindra, M&M, JSW Steel and Titan fell.
What is the situation at the regional level?
The market got support from a rally in banking and financial stocks to reach new highs today. While FMCG, realty and pharma stocks witnessed declines. Nifty FMCG, Metals, Pharma, Realty and Oil & Gas closed in the red. Nifty Bank, Auto, Media and Oil & Gas closed higher.
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