Stock Market

Stock Market Highlights, Aug 8: Sensex sheds 581 pts; Nifty ends at 24,117; RBI maintains repo rates | News on Markets


Stock market Highlights on Thursday, August 8, 2024: Equity benchmark indices, the BSE Sensex and NSE Nifty50, settled in negative territory on Thursday after the Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5 per cent for the ninth consecutive time.


Equity benchmark indices, the BSE Sensex and NSE Nifty50, settled in negative territory on Thursday after the Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5 per cent for the ninth consecutive time.


The BSE Sensex shed 581.79 points, or 0.73 per cent, to 78,886.22, while the NSE Nifty50 fell 180.50 points, or 0.74 per cent, to 24,117.

The day ended in favor of the bears as 39 out of 50 constituent stocks of the Nifty50 ended lower, with LTIMindtree, Grasim, Asian Paints, Apollo Hospitals, and Infosys being the top laggards, losing up to 4.9 per cent.


On the BSE, 25 out of 30 constituent stocks of the Sensex settled in the red, with Asian Paints, Infosys, and JSW Stell being the top drags, falling up to .56 per cent.


The fear index, India VIX, ended 2.67 per cent higher at 16.60 points.


The broader indices settled lower, with Nifty Next 100, and  Nifty 100 being the top laggards, losing 0.79 and 0.74 per cent, respectively. Midcap and Smallcap shares also ended in the red.


Among the sectoral indices, IT, Metal, and OMC were the worst hit, experiencing losses of up to 1.90 per cent.



Source link

Leave a Reply

Your email address will not be published.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

Financial World News @2024. All Rights Reserved.