Stock Market Highlights, Aug 6: Sensex drops 1,259 pts from high, ends 166 pts down; Nifty below 24k

Stock Market Highlights on August 6: On the BSE, 17 out of 30 listed stocks of the Sensex ended in the red, with State Bank of India, Mahindra & Mahindra, and Bharti Airtel being the top drags

Stock Market Highlights on Tuesday, August 6, 2024: Equity benchmark indices, the BSE Sensex and the NSE Nifty50, pared early gains to settle in the red on Tuesday. The BSE Sensex ended at 78,593, down 166 points or 0.21 per cent. The index had jumped 1.38 per cent to hit the day's high of 79,852.08 during the intraday trade. 

The NSE Nifty50, on the other hand, ended 63 points or 0.26 per cent down at 23,992. It had climbed 1.35 per cent to the day's high of 24,382.6 during intraday trade.

29 out of the 50 constituents of the NSE Nifty50 ended lower, with HDFC Life Insurance Company and SBI Life Insurance Company being the top laggards, falling up to 4.28 per cent. BPCL, Shriram Finance, and Mahindra & Mahindra were the other leading losers on the Nifty50 index.

On the BSE, 17 out of 30 listed stocks of the Sensex ended in the red, with State Bank of India, Mahindra & Mahindra, and Bharti Airtel being the top drags.

The fear index, India VIX, ended at 18.74 points, down 7.97 per cent, on Tuesday.

The broader indices settled in the red, with the Nifty Next 50 index being the top laggard, falling 0.92 per cent. Nifty Midcap 100 and Smallcap 100 indices also ended lower, down 061 per cent and 0.39 per cent, respectively.

Among the sectoral indices, Financial Services, Banking, and Oil & Gas ended lower with a fall of up to 1.42 per cent. Meanwhile, IT, Metal, Realty, Media and FMCG managed to settle with gains of up to 0.84 per cent.