Closing Bell on Thursday, July 25, 2024: After a steep sell-off seen in the morning deals, benchmarks -- BSE Sensex and NSE Nifty50 -- clocked a steady recovery during the day. The recovery, which was aided by strength in shares of Tata Motors, HDFC Bank, L&T, Sun Pharma, and Kotak Bank, came amid the monthly F&O expiry for the July derivatives series.
The BSE Sensex index ended at 80,040, down 109 points or 0.14 per cent, as it bounced back from an intraday low of 79,478. The Nifty50, too, closed the session at 24,40, down 7 points or 0.03 per cent. It hit an intraday low of 24,211.
Axis Bank (down 5.2 per cent) was the biggest laggard on the benchmark indices, followed by Nestle India, Titan, ICICI Bank, Tata Steel, IndusInd Bank, and ITC.
The broader markets, too, were volatile through the day, swinging between gains and losses. The BSE Midcap, and SmallCap indices, eventually, closed 0.2 per cent and 0.14 per cent lower, respectively.
Among sectors, the Nifty Metal index fell over 1 per cent, the Nifty Private Bank 0.9 per cent, and the Nifty Bank 0.83 per cent. On the contrary, the Nifty Auto index rallied over 1 per cent.