Stock Market LIVE updates: Asian indices slide led by Hang Seng, Kospi; GIFT Nifty holds fort

Stock Market LIVE updates on Friday, July 19, 2024: In the broader markets, the BSE MidCap index fell 0.7 per cent, and the BSE SmallCap index dipped 0.64 per cent

Stock Market LIVE updates today, Friday, July 19, 2024: Indian benchmarks — BSE Sensex and Nifty50 — which started at fresh record highs on Friday, led by Infosys and HDFC Bank, were seeing selling pressure amid global sell-off.

The BSE Sensex hit a record high of 81,587 in early deals, before paring gains to trade at 81,186, down 157 points. The NSE Nifty50, meanwhile, hit a new lifetime high of 24,854, before quoting at 24,722, down 79 points.

Infosys share price moved 4 per cent higher after the company posted better-than-expected Q1FY25 results, and also raised FY25 revenue growth forecast to 3-4 per cent. HCL Tech, TCS, ITC, and Nestle India were the other top gainers.

On the downside, Power Grid, Ultratech Cement, Tata Steel, NTPC, Tech M, JSW Steel, Axis Bank, and Bharti Airtel were the top laggards, down up to 2.3 per cent.

In the broader markets, the BSE MidCap index fell 0.9 per cent, and the BSE SmallCap index dipped 0.77 per cent.

Among sectors, the Nifty IT index advanced 1 per cent, followed by the Nifty FMCG index (up 0.09 per cent). The Nifty Metal, and Realty indices was the top losers, down over 1 per cent each, followed by the Nifty PSU Bank, Pharma, and Auto indices (down 0.6 per cent each).

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Markets, Stock market, sensex, stock market indices

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Sector-check: Barring IT, FMCG, all the sectors trade in red

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Opening bell: Sensex opens above 81,550

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Pre-Open Session :: Nifty tops 24,850

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Pre-Open Session :: Sensex rises 200 pts

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FMCG Index

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F&O Call :: Bull spread on Nifty Financial

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Domestic brokerage Prabhudas Lilladher ups Nifty target to 26,398

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