Stock Market Updates Today: Sensex closes marginally lower, Nifty gains 5 points.

Stock Market Updates Today: Sensex closes marginally lower, Nifty gains 5 points.

Stock Market Updates Today 11 July 2024: The stock market saw ups and downs throughout the day today. The market opened with a surge and started trading in red mark within few minutes. The Sensex was down 0.04 per cent or 33.49 points at 76,456.59 at the close. At the same time, the Nifty closed up 0.02 percent or 5.65 points at 23,264.85.

Shares of Tata Motors, Maruti saw a jump of over 1 percent in the Sensex today. Also, shares of Kotak, Asian Paints, ITC, Bharti Airtel closed lower.

This morning’s situation

There has been a boom in the stock market. Today once again the market has opened with bullishness. The 30-sensitive index Sensex opened up 0.25 percent or 190.82 points at 76,680.90. At the same time, National Stock Exchange Nifty opens at 23,283.75.

Onion made people cry again, prices increased by 50%, common man’s hardship increased.

Sensex and Nifty were at all-time highs

Yesterday, the Sensex rose 385.68 points or 0.50 percent to hit a new record high of 77,079.04. At the same time, the Nifty gained 121.75 points or 0.52 per cent to hit an all-time high of 23,411.90 points yesterday.

What is the expert opinion?

Vinod Nair, head of research at Geojit Financial Services said, “The Indian market is currently lacking a new catalyst after the formation of a new government at the Centre. “This suggests that there may be some weakness in the market in the near future.”

The stock market closed lower

BSE’s 30-share Sensex crossed the 77,000 mark during the day’s trade. However, the index came under selling pressure in late trade and closed down 203.28 points or 0.27 percent at 76,490.08. Similarly, the National Stock Exchange’s Nifty closed down 30.95 points or 0.13 percent at 23,259.20 points.

Prashant Tapase, Senior Vice President (Research) at Mehta Equities Ltd said, “Volatility has returned to the market as the Sensex slipped from its fresh highs. The index fell sharply in late trade amid profit-booking in IT, metal and oil and gas stocks. He said US data suggested that interest rate cuts would not happen soon, after which the market remained subdued due to weak global signals.

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