Long term return stock market Indian Stock Market Nifty 50

Stock Market Performance: An Overview of Yesterday’s Trading Session

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Stock Market Daily Updates: Market Opening and General Performance

Yesterday, the stock market opened lower than the previous day’s closing point, reflecting a cautious start. The initial hours saw a significant dip, particularly in the Nifty 50 index, which experienced a sharp fall until 10:40 AM. After this decline, the market showed some recovery, though it remained under pressure throughout the day.

Sector-Wise Performance

Auto and Media Stocks

Auto and media stocks were among the worst performers. This sectoral decline indicates specific industry pressures and possibly broader economic challenges affecting these sectors.

Global Market Influence

The performance of global markets also played a role in influencing the domestic market sentiment. The US markets remained flat, while European markets mostly showed an upward trend. In contrast, most Asian markets, including India, were down, contributing to the overall cautious sentiment in the Indian markets.

Top Gainers on Nifty 50

Despite the overall market downturn, some stocks managed to post gains. Here are the top performers:

  • Asian Paints: The stock rose by 3.15%, closing at Rs 2,996.45.
  • SBI Life: This stock saw a 2.23% increase, ending at Rs 1,558.80.
  • Divi’s Labs: The stock closed at Rs 4,636.95, up by 1.87%.
  • Britannia: With a rise of 1.53%, Britannia’s stock closed at Rs 5,755.55.
  • Grasim: The stock gained 1.46%, closing at Rs 2,802.15.

Top Losers on Nifty 50

On the flip side, several stocks experienced significant losses:

  • M&M (Mahindra & Mahindra): The stock fell sharply by 6.61%, closing at Rs 2,732.00.
  • Tata Steel: This stock declined by 2.22%, ending at Rs 167.98.
  • Hindalco: It saw a 1.94% decrease, closing at Rs 693.30.
  • TCS (Tata Consultancy Services): The stock fell by 1.92%, closing at Rs 3,909.15.
  • Hero MotoCorp: It declined by 1.44%, ending at Rs 5,508.75.

News Highlights

Indian Railways

Indian Railways announced plans to manufacture 10,000 non-AC coaches over the next two financial years, aiming to increase the number of non-AC coaches by 22%. This move is likely to enhance passenger capacity and improve travel conditions for a significant number of commuters.

Telecom Equipment Sales

Under the Production Linked Incentive (PLI) scheme, sales of telecom equipment have crossed Rs 50,000 crore, with exports contributing around Rs 10,500 crore. This achievement underscores the success of the PLI scheme in boosting domestic manufacturing and exports.

Khadi and Village Industries

The Khadi and Village Industries Commission reported sales of Rs 1.5 lakh crore for the financial year 2024, up from Rs 1.3 lakh crore in the previous year. This increase reflects growing consumer preference for traditional and handmade products.

Tomato Prices Surge

Tomato prices in Delhi soared to Rs 90 per kg, compared to the usual range of Rs 30 to Rs 40, primarily due to monsoon rains affecting supply. This sharp rise highlights the impact of seasonal weather conditions on essential commodity prices.

IPO Listings

  • Bansal Wire IPO: The IPO listed on the NSE with a premium of 39%.
  • Emcure Pharma IPO: The IPO listed on the NSE with a premium of 31.5%.

Stocks Updates

  • Zydus Lifesciences: The company received final approval from the US FDA for its tablet used to treat heart-related diseases.
  • JSW Group: JSW-MG partnered with Shell India to enhance public charging infrastructure in India.
  • Tata Motors: Jaguar Land Rover, owned by Tata Motors, sold 1,371 units in the April-June quarter, a 31% year-on-year increase.
  • Siemens and RVNL: Secured a Rs 766 crore contract for the electrification of Bengaluru Metro’s Phase 2 project.
  • Adani Ports: The Supreme Court granted interim relief to Adani Ports by staying a Gujarat High Court order to recover 108 hectares of land in the Kachchh region.
  • Glenmark Pharma: Announced plans to sell its entire 7.85% stake in Glenmark Life Sciences through an offer for sale.

Commodities and Currency

Gold and Silver

  • Gold: The price of 10 grams of gold fell by 0.73%, closing at Rs 72,660.
  • Silver: The price of 1 kg of silver slightly declined by 0.09%, closing at Rs 93,040.

Currency Exchange

  • USD-INR: The exchange rate remained relatively stable, with the rupee slightly appreciating by 0.01% against the US dollar, closing at Rs 83.49/USD.

US Market Indices

  • Dow Jones: The index decreased by 0.13%, closing at 39,291.97.
  • Nasdaq: It showed a slight increase of 0.14%, closing at 18,429.29.

Long Term Returns

The long-term returns of major indices over the past 20 years have been impressive:

  • Sensex: Averaged an annual return of 14.93%.
  • Nifty: Averaged an annual return of 14.75%.
  • Dow Jones: Averaged an annual return of 6.97%.
  • Nasdaq: Averaged an annual return of 11.90%.

yesterday’s stock market performance reflected a mixed bag of gains and losses across various sectors and indices. While some stocks managed to post significant gains, others faced notable declines, influenced by both domestic and global factors. The news highlights and updates from various companies also played a role in shaping investor sentiment and market movements.

Read More Stock Market Daily News & Updates

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