Stock market LIVE Updates, July 8: Broader indices hit record highs; benchmarks retreat | News on Markets
Opening Bell: Indian benchmark indices retreated at open on Monday, with BSE Sensex slipping 161 points at 79,8835 points, while the Nifty50 index fell slightly by 0.06 per cent to 24,310.
On BSE Sensex Titan led the losses, followed by Adani Ports, IndusInd Bank, Asian Paints, ICICI Bank and Tata Steel while Tata Motors, HUL, ITC, HCL Tech, Axis Bank and L&T were among top gainers.
Similarly on NSE, Titan, Shriram Finance and Divis Labs slumped while Tata Motors, ONGC and Wipro advanced in early trade.
In contrast to the benchmarks, the broader markets showed strength, with the MidCap index rising by 0.33 per cent and the SmallCap index up 0.76 per cent. Both the indices also recorded record highs in early trade with MidCap registering its fresh high at 47,630 and Small Cap achieving a new peak at 54,617.
Sectorally, Nifty Consumer Durables, and Nifty PSU Bank traded losses whereas Nifty IT, Nifty Auto, Nifty Realty and Nifty FMCG led gains.
