Highlights from the Share Market on July 19, 2024: Investor profits after a record-breaking rally cause the Sensex and Nifty to fall. - watsupptoday.com
Highlights from the Share Market on July 19, 2024: Investor profits after a record-breaking rally cause the Sensex and Nifty to fall.
Posted 19 Jul 2025 12:57 PM

Agencies

July 19, 2025: Updates for the Sensex and Nifty on July 19, 2024: Investors booked profits on Friday as a result of a four-day record-breaking rally and weak global market trends. The BSE Sensex, which is made up of 30 shares, reached a new all-time high of 81,587.76 before falling 738.81 points (0.91 percent) to 80,604.65. After peaking at 24,854.80, the NSE Nifty fell 269.95 points (1.09%) to 24,530.90 at the close. The decline was led by blue-chip stocks like Tata Steel and Reliance Industries. However, Infosys gained nearly 2% after raising its growth outlook and announcing a 7 percent increase in net profit. ITC, Asian Paints, and HCL Technologies were additional gainers. "Mid-cap and small-cap indices underperformed, posting negative returns," stated Shrikant Chouhan, Head of Equity Research at Kotak Securities. The FMCG index remained strong in a volatile market, while the BSE IT index gained during Q1FY25 earnings. Profit booking, on the other hand, was a problem for the BSE Capital Goods, Metals, and Commodities indices. Markets reacted to global developments, Q1FY25 earnings, and major IT service providers' comments. Investors are getting ready for the FY25 budget, which will be a big event next week. As the Q1FY25 result season progresses, stock-specific actions will continue, with an eye also on the upcoming FOMC meeting. Wipro's Q1 net profit decreases to 2,374.6 crore, and the company's stock drops 2.83% to 557 crore: For the quarter that ended in June 2024, Wipro's standalone net profit was 2,374.6 crore rupees, compared to 2,587.8 crore rupees for the same period last year. The stock fell by 2.83 percent to close at 557 on the NSE.

Leave a comment: (Your email will not be published)