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Market recover to end flat on expiry day
Jul 25 2024 5:31PM
Profit booking continued for the fifth straight session on July 25, with Nifty managing to close around 24,400 amid F&O expiry day volatility.

At close, the Sensex was down 109.08 points or 0.14 percent at 80,039.80, and the Nifty was down 7.40 points or 0.03 percent at 24,406.10.

The Nifty index recovered 195 points from day's low, while BSE Sensex saw recovery of 560 points from day's low.

On the back of weak global cues, the Indian indices opened on a negative note and extended the losses as the day progressed, but buying at lower levels helped recovery from the day’s low and closed with marginal losses.

Top Nifty gainers included Tata Motors, ONGC, SBI Life Insurance, BPCL and Sun Pharma, while Axis Bank, Nestle India, Titan Company, ICICI Bank and Tata Steel were the losers.

On the sectoral front, auto, capital goods, power, oil & gas, healthcare, media rose 0.5-3 percent, while bank, IT, metal, realty and telecom shed 0.5-1 percent.

The BSE midcap and smallcap indices ended marginally lower.

More than 240 stocks touched their 52-week high on the BSE including Tata Motors, ONGC, SBI Life Insurance, Sun Pharma, NTPC, Tech Mahindra, Petronet LNG, IDBI Bank, Deepak Nitrite, Federal Bank, CG Consumer, Max Financial, among other.

Axis Bank shares plunged 5.1 percent after the private sector lender posted muted growth in quarterly net profit.

Tata Steel, Titan Company, ICICI Bank and Nestle India fell 2-3 percent.

Tata Motors soared 6 percent as Nomura upgraded its rating on the stock to 'buy', saying it sees multiple levels of growth.

Larsen & Toubro, SBI Life, BPCL and ONGC jumped 3-5 percent.