December 25, 2024 07:50 am (IST)
The gaining spree of Indian benchmark indices halts on Tuesday
Mumbai, Jul 5 (IBNS): Indian benchmark indices declined on Tuesday, snapping its six consecutive days of gain, on the back of profit booking, especially in auto stocks, and weak global cues, with Sensex down 111.89 points to 27166.87 and Nifty down 34.75 points to 8335.95.
Prime Minister Narendra Modi expanded his council of ministers on Tuesday by inducting 19 new ministers. He also reshuffled some of the ministerial portfolios. But the reshuffle failed to have much of an effect on the market.
A private PMI survey showed that the service sector activity, fell to 50.3 in June, from 51 in May, the lowest for the index in seven months and the second-lowest in a year, reported Hindustan Times.
Some of the top gainers on Tuesday were Reliance Industries, HDFC, Adani Ports, Sun Pharma, Tata Steel, Wipro, Coal India, L&T and BHEL while losing stocks included Tata Motors, PowerGrid, Asian Paints, ICICI Bank, Bharti Airtel, Hero MotoCorp, NTPC, ONGC, GAIL and Bajaj Auto
The stock market will remain closed on Wednesday owing to religious holidays.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
How to Choose the Best Marriage Loan for Your Wedding Budget
Tue, Dec 24 2024
Want to Retire Early? Use A Retirement Calculator to See How
Tue, Dec 24 2024
Understanding the Various Types of Demat Accounts in India
Tue, Dec 24 2024
Invest in Sugar Stocks: Start Trading Today
Tue, Dec 24 2024
BEL secures Rs 973 crore orders; FY25 order book reaches Rs 9,801 cr
Mon, Dec 23 2024