Indian Stock Market Update: Hey investors! The Indian stock market took a breather today, closing lower after some profit-taking in banking, financials, and realty. The vibe was cautious as everyone’s eyeing the upcoming US and India inflation numbers—big clues for what the RBI and Fed might do next! The BSE Sensex dipped 0.46% (368.49 points) to 80,235.59, and the NSE Nifty 50 slid 0.40% (97.65 points) to 24,487.40. But don’t worry—IT and auto stocks held strong, keeping the mood from going totally south! The Nifty Bank fell 0.84% to 55,043.70, while Nifty IT gained a cool 0.38%.Check all details below.
Indian Stock Market Top Gainers (Nifty 50):
- Tech Mahindra (+2.03%, ₹1,511.20): IT’s shining bright with solid quarterly vibes!
- Maruti Suzuki (+1.98%, ₹12,847.00): Zooming ahead on strong car sales!
- Hero MotoCorp (+1.79%, ₹4,644.00): Two-wheelers rocking it with rural demand!
- Mahindra & Mahindra (+1.56%, ₹3,236.00): SUVs are still the crowd favorite!
- NTPC (+1.19%, ₹340.15): Power stocks charging up on rising demand!
Indian Stock Market Top Losers (Nifty 50):
- Bajaj Finance (-2.83%, ₹853.00): NBFCs hit by profit-taking before CPI data.
- Trent (-1.39%, ₹5,368.00): Retail taking a breather after a hot streak.
- Hindustan Unilever (-1.37%, ₹2,484.00): Rural demand concerns weighing in.
- Nestle India (-1.36%, ₹1,090.00): High valuations sparked some selling.
- Zomato (-1.33%, ₹305.30): Food delivery growth slowed a bit.
Global Buzz: Asian markets were a mixed bag—Japan’s Nikkei jumped 2.15%, but US markets like the Dow (-0.45%) and Nasdaq (-0.32%) cooled off. All eyes are on US CPI data, expecting a 0.3% core inflation bump. Could shake things up globally! What’s the Play? Markets might chill in a range until India’s July CPI drops. Nifty’s support is at 24,371, with resistance at 24,600. IT and auto look hot, but watch those banking giants! What’s your next move in this market? Share your thoughts below!
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