Sensex trades lower amid profit booking in largecaps

Updated: Jul 5th, 2024


India equity indices opened in the red today following profit booking in largecap stocks. 

At 9:50 am, Sensex was down 510 points or 0.64% at 79,538 and Nifty was down 88 points or 0.36% at 24,214.

Broader markets are in an uptrend. On the National Stock Exchange (NSE), 1213 shares are in the green and 1001 shares are in the red.

Buying is seen in the smallcap and midcap stocks. The Nifty midcap 100 index is up 60 points or 0.11% at 56,679 and the Nifty smallcap 100 index is up 47 points or 0.25% at 18,840.

In the Sensex pack, HUL, L&T, JSW Steel, Wipro, Sun Pharma, NTPC and SBI are the top gainers. HDFC Bank, M&M, Tata Steel, Titan, Power Grid, and Bajaj Finance are the top losers.

Banking stocks are leading the market fall. Nifty Bank is down more than 700 points.

Mixed trading is taking place in the markets of Asia. Tokyo, Shanghai, and Hong Kong are in the red. Jakarta, Bangkok and Seoul are in the green. The US markets were closed on July 3.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth ₹2,575 crore on July 4, while domestic institutional investors extended their selling as they sold equities worth ₹2,375 crore.

(This story is taken from a syndicated feed and was only edited for style by Gujarat Samachar Digital staff)

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Sensex crosses 80,000 for first time, banking stocks lead rally

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