Stock market today: Heavy losses in HDFC Bank shares dragged down Indian stock benchmarks, the Sensex and the Nifty 50, even as those of select heavyweights such as Reliance Industries and SBI underpinned them amid largely positive global cues on Friday, July 5.
The Sensex and the Nifty 50 ended mixed, while the midcap and smallcap segments continued their record-setting march, aggravating concerns over their unsustainable valuations.
Sensex slipped 53 points, or 0.07 per cent, to settle at 79,996.60, while the Nifty 50 ended 22 points, or 0.09 per cent, up at 24,323.85.
The BSE Midcap index hit its fresh all-time high of 47,484.71 during the session. It closed 0.75 per cent higher at 47,437.85. The BSE Smallcap index hit a fresh record high of 54,258.65 before ending 0.70 per cent higher at 54,153.96.
Nearly 380 stocks, including Reliance Industries, ICICI Bank, ICICI Lombard General Insurance Company, Federal Bank, HDFC Asset Management Company, BEL, HAL, Divi’s Labs, Dr Reddy’s Labs, Lupin, Persistent Systems, Siemens and Trent, hit their fresh 52-week highs in intraday trade on BSE.
Thanks to gains in the mid and smallcap segments, the overall market capitalisation of firms listed on the BSE rose to nearly ₹449.8 lakh crore from nearly ₹447.3 lakh crore in the previous session, making investors richer by about ₹2.5 lakh crore in a day.
(More to come)
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HomeMarketsStock MarketsStock market today: Sensex, Nifty 50 end flat dragged by HDFC Bank; mid, smallcaps outperform
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