July 09, 2024 / 07:15 AM IST
Market on Monday:
Indian markets closed flat on July 8, stepping back from last week’s record highs, influenced by Titan dragging down indices after a downgrade by JP Morgan.
Now, markets are focused on upcoming June quarter earnings reports. The IT sector is poised to kick off its Q1FY25 earnings season starting from July 11, beginning with Tata Consultancy Services (TCS), the country’s largest software exporter.
At the close of trading, Sensex edged down 0.05 percent to 79,960.38 points, while Nifty closed marginally lower by 0.01 percent at 24,320.55 points.
In sectoral performance, Nifty FMCG emerged as the top gainer, rising 1.6 percent, followed by Nifty Oil & Gas which gained 0.8 percent. On the downside, Nifty PSU Bank was the biggest loser, falling 1.6 percent, followed by Nifty Consumer Durables and Nifty Metal which dropped 1.3 percent and 1 percent, respectively. Nifty Auto, Realty, and Nifty Bank each declined by 0.5 percent.
