Budget 2024 Stock Market Highlights, July 23: Sensex, Nifty end flat; LTCG, STCG rule hits sentiment

Budget 2024 Stock Market Highlights: Post the initial jitters after the LTCG and STCG tax rejig announcement, the benchmark Sensex recovered as much as 1200-odd points from its day's lows of 79,224

Budget 2024 Stock Market Highlights, July 23, 2024: Benchmarks Sensex and Nifty settled marginally lower amidst heightened volatility witnessed throughout the Budget day. 

Post the initial jitters, after the LTCG and STCG tax rejig announcement, the benchmark Sensex recovered as much as 1200-odd points from its day's lows of 79,224 levels and settled at 80,429 levels, down marginally 0.09 per cent or 73 points. 

Similarly, Nifty recovered 405 points from its day's low of 24,074 and settled slightly lower by 0.12 per cent at 24,479 levels. 

On the BSE, Titan, Adani Ports, and NTPC were the top gainers while L&T, Bajaj Finance, and SBI were among the major laggards.

ITC and Tata Consumer were the top performers on the NSE, while Hindalco, and Shirram Finance were among the top losers.

In the broader markets, too, there was a visible sharp recovery from the respective day's lows, as the MidCap and SmallCap indices fell up to 4 per cent each during the day.

From there, the indices recouped most of the losses with the MidCap index ending 0.74 per cent lower and SmallCap closing 0.18 per cent lower.

Sectorally, the Nifty FMCG ended 2.68 per cent higher, followed by the Nifty IT, Pharma, and Auto indices. On the flip side, Nifty Realty closed 2.29 per cent lower, followed by Nifty PSU Bank and Nifty Financial Services.