Closing Bell on Monday, July 8, 2024: Benchmarks Sensex, and Nifty50 indices stayed in the negative zone on Monday even as broader Mid, and SmallCap indices hit fresh record highs.
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BSE Sensex index fell 265 points in morning deals, but recouped losses to end at 79,960, down 36 points or 0.05 per cent. On the NSE, the Nifty50 fell below the 24,250-mark but managed to close at 24,321, down 3 points or 0.01 per cent.
The recovery from day's low was supported by ITC, Hindustan Unilever (HUL), Nestle India, HCL Tech, Reliance Industries (RIL), Tata Motors, Infosys, and IndusInd Bank.
On the downside, Titan Company, HDFC Bank, TCS, Tata Steel, Adani Ports, Sun Pharma, and Asian Paints exerted pressure.
The broader indices, though, hit all-time highs in the intraday trade, ended with a negative bias as well. The BSE MidCap, and SmallCap indices closed 0.14 per cent and 0.22 per cent lower, respectively.
Among sectors, all but the Nifty FMCG index slipped intrade. The Nifty Metal, PSU Bank, and Consumer Durable indices fell over 1 per cent each, while the Nifty FMCG added 1.6 per cent.