Market At Close | Stock Market Highlights: Sensex rises 390 points as markets rebound; Nifty ends above 24,000
Sensex Today | Stock Market Highlights: Indian benchmark indices began the July F&O series on a firm footing, snapping a two-day losing streak as financials, Reliance Industries and auto stocks lifted sentiment. The Nifty reclaimed the 24,000 mark, while the Nifty Bank outperformed the broader market. Weakness in IT stocks, however, capped the market’s gains.
Sensex Today | Stock Market Highlights: Indian benchmark indices began July on a firm footing, snapping a two-day losing streak as gains in financials, Reliance Industries and auto stocks outweighed continued weakness in the IT pack. The Sensex climbed 444 points to close at 76,923, while the Nifty reclaimed the 24,000 mark, ending 140 points higher at 24,006.
The Nifty Bank outperformed, rising 490 points, with Kotak Mahindra Bank, State Bank of India and IndusInd Bank leading the gains. Auto stocks remained in focus after robust June sales numbers, with Mahindra & Mahindra, Maruti Suzuki and Ashok Leyland advancing.
On the flip side, KPIT Technologies tumbled 17% after issuing a weak outlook and following a JPMorgan downgrade, dragging the Nifty IT index lower for a fourth straight session. Meanwhile, RITES surged 13% after securing a ₹175 crore consultancy order.
Watch this space for all the Live stock market Highlights.
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