Indian stock market 2024 interim budget

Stock Market Daily Updates

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Today, the stock market was in a positive mood, with most sectors showing gains, except for consumer durables. It was a good day for micro-cap and small-cap stocks, which saw the most significant increases.

Top Gainers: In Stock Market

stock market
  1. NIFTY 50: The NIFTY 50 index gained 2.15% to reach Rs 354.70.
  2. BPCL: Bharat Petroleum Corporation Limited rose by 2.15% to Rs 354.70.
  3. Power Grid: Power Grid Corporation of India went up by 2.02% to Rs 207.15.
  4. SBI Life: SBI Life Insurance Company gained 1.98% and reached Rs 1,348.35.
  5. HDFC Life: HDFC Life Insurance Company saw a 1.86% increase, reaching Rs 641.80.
  6. Coal India: Coal India Limited closed at Rs 317.40 with a 1.73% gain.

Top Losers: In Stock Market

stock market
  1. NIFTY 50: Tata Motors decreased by 1.58% to Rs 655.70.
  2. L&T: Larsen & Toubro Ltd. went down by 1.15% to Rs 3,066.30.
  3. UPL: UPL Ltd. saw a 0.96% decrease, closing at Rs 624.90.
  4. IndusInd Bank: IndusInd Bank Ltd. had a 0.72% loss, closing at Rs 1,436.00.
  5. TCS: Tata Consultancy Services closed at Rs 3,507.05 with a 0.48% decrease.

In other news, the Confederation of All India Traders (CAIT) expects India to witness 35 lakh weddings and business worth Rs 4.25 lakh crore during the wedding season. Bengaluru airport was ranked as the world’s most punctual airport, with an on-time departure rate of 87.51% in July, according to the Cirium Report.

Stocks in the Spotlight:

  • Maruti Suzuki approved the acquisition of a 100% stake in Suzuki Motor Gujarat Private (SMG).
  • Dabur received a tax notice of Rs 321 crore.
  • L&T Tech declared an interim dividend of Rs 17.
  • Sun Pharma’s US subsidiary recalled an anti-depression medicine in the American markets.
  • Grasim is planning to raise Rs 4,000 crore from shareholders via a rights issue.

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1 Day Change:

  • Gold rose slightly by 0.03% to reach ₹59,250.
  • Silver decreased by 0.13% to ₹71,065.
  • The USD-INR exchange rate decreased by 0.05% to ₹83.25 per USD.
  • The Dow Jones index increased by 0.93% to reach 33,984.54.
  • The Nasdaq index had a significant gain of 1.20% to close at 13,567.98.

Long-Term Returns (Past 20 Years):

stock market long term Returns
  • The Sensex in India had an impressive annual growth of 13.88%.
  • Nifty also showed strong growth at 13.51% annually.
  • In the United States, the Dow Jones index had a more modest annual growth of 6.41%.
  • The Nasdaq, on the other hand, displayed solid growth at 10.18% per year.

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