Stock market review: Movers and shakers of Budget day
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
share market
July 2024
Market stages a smart recovery post Budget crash; Sensex swings 1,500 pts
The BSE Sensex settled 73 points lower at 80,429 on the Budget day, and the Nifty50 ended at 24,479, down 30 points.
Jewellery stocks shine as FM cuts customs duty on gold; Senco Gold, Titan, PC Jeweller jump up to 12%
In her Budget speech, the FM announced a reduction on Basic Custom Duty (BCD) on gold and silver from 10% to 6%.
RVNL, IRFC, IRCTC, RITES, Railtel: Railway stocks rise up to 3% ahead of Budget
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
Sensex, Nifty open higher ahead of Budget; Ultratech, M&M, Bajaj twins lead
The top gainers on the BSE Sensex pack were Ultratech Cement, M&M, Bajaj Finserv, L&T, and Bajaj Finance.
Budget 2024: What stock market expects from Modi govt
Brokerages expect the government to avoid decisions, such as hiking LTCG or STT, which could disturb the market mood.
Budget 2024: From RIL to SBI, BEL to Ultratech; top picks for July 23
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.
Sensex, Nifty end lower ahead of Budget; RIL, Kotak Bank, ITC among top laggards
Bucking the trend, the BSE midcap and smallcap indices ended higher, rising 1.2%, and 0.8%, respectively.
IPO listing: Bansal Wire shares debut 39% higher; Emcure Pharma at 31% premium
Post listing, Emcure Pharma shares gained as much as 37.3% to ₹1,384, while Bansal Wire shares jumped 44% to hit a high of ₹368.7 on the BSE.
Market at new high: Sensex hits 80,000 mark, Nifty crosses 24,300
Sensex journey from 70,000 to 80,000 levels has been significantly fast, covering 10,000 points in less than seven months, precisely 138 trading sessions, which is the fastest ever.
