Uncategorized

Nifty slips below 24,450, Sensex down 180 points as auto, FMCG sectors outshine; Maruti rises 2%, Cipla drops 4%

Nifty slips below 24,450, Sensex down 180 points as auto, FMCG sectors outshine; Maruti rises 2%, Cipla drops 4%


The Indian stock market showed a mixed performance in today’s trading session, with the Nifty dipping below the 24,450 mark and the Sensex down by 180 points. Key indices were influenced by sector-specific moves, with notable strength in auto, FMCG, and realty stocks. However, banking and pharma stocks faced selling pressure, leading to overall declines in the indices.

The auto, FMCG, realty, capital goods, metal, and power sectors displayed buying interest, balancing out some of the negative market sentiment. Conversely, banking and pharma sectors experienced noticeable selling, dampening broader market performance. Midcaps and small caps performed robustly, with the BSE Midcap index gaining 0.5 percent and the Smallcap index climbing by 1.5 percent, showcasing resilience in mid- and small-cap stocks.





Source link
[ad_3]

Leave a Reply

Your email address will not be published. Required fields are marked *