Indian Markets Decline: Sensex Down 204 Points
By Rediff Money Desk, Mumbai Jul 08, 2024 09:54
Indian equity benchmarks declined in early trade on Monday as investors booked profits after recent record highs. Sensex fell 204.39 points to 79,792.21, while Nifty dipped 40.75 points. Read more.
Mumbai, Jul 8 (PTI) Equity benchmark indices declined in early trade on Monday as investors opted to book profits after the recent record rally in equities.
Mixed cues from Asian markets also added to the muted trend in domestic equities.
After beginning the trade on a weak note, the 30-share BSE Sensex further declined 204.39 points to 79,792.21. The NSE Nifty dipped 40.75 points to 24,283.10.
Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards.
Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers.
In Asian markets, Shanghai and Hong Kong were trading lower while Seoul and Tokyo quoted in the green.
US markets ended with gains on Friday.
In a volatile session on Friday, the broader NSE Nifty continued its record-breaking run and inched up 21.70 points or 0.09 per cent to close at its lifetime high of 24,323.85. The BSE benchmark, however, dropped 53.07 points or 0.07 per cent to settle at 79,996.60.
Global oil benchmark Brent crude dipped 0.09 per cent to USD 86.46 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday, according to exchange data.
Mixed cues from Asian markets also added to the muted trend in domestic equities.
After beginning the trade on a weak note, the 30-share BSE Sensex further declined 204.39 points to 79,792.21. The NSE Nifty dipped 40.75 points to 24,283.10.
Among the Sensex pack, Titan, Asian Paints, Adani Ports, Bajaj Finserv, UltraTech Cement and Maruti were the biggest laggards.
Tata Motors, Tech Mahindra, ICICI Bank and State Bank of India were among the gainers.
In Asian markets, Shanghai and Hong Kong were trading lower while Seoul and Tokyo quoted in the green.
US markets ended with gains on Friday.
In a volatile session on Friday, the broader NSE Nifty continued its record-breaking run and inched up 21.70 points or 0.09 per cent to close at its lifetime high of 24,323.85. The BSE benchmark, however, dropped 53.07 points or 0.07 per cent to settle at 79,996.60.
Global oil benchmark Brent crude dipped 0.09 per cent to USD 86.46 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday, according to exchange data.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 3.95 ( -4.82)
- 136019949
- Godrej Industries Lt
- 896.50 (+ 0.44)
- 42608911
- YES Bank Ltd.
- 25.86 ( -2.89)
- 38229974
- Vodafone Idea L
- 16.85 ( -1.40)
- 34673258
- Sawaca Business Mach
- 0.77 ( -2.53)
- 32893308
MORE NEWS
L&T Wins Solar Power Projects in Middle East -...
Larsen & Toubro (L&T) has secured two large-scale solar power projects in the Middle...
Welspun One Raises Rs 2,275 Crore for...
Welspun One has raised Rs 2,275 crore for its second fund, aimed at developing...
Indian Markets Decline: Sensex Down 204 Points
Indian equity benchmarks declined in early trade on Monday as investors booked profits...