Stock Market Highlights, May 24: Indices end flat after hitting record highs; Nifty below 23,000
Stock market highlights on Friday, May 24: Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each
 "Stock market, NSE")
Photo: Bloomberg
Closing Bell on Friday, May 24, 2024: Equity markets hit fresh record highs for a second straight day on Friday, lifted by financial shares. The S&P BSE Sensex touched a new high of 75,636.5 in the intraday trade, while the Nifty50 surpassed the 23,000-mark to hit an all-time high of 23,026.
The 30-stock index, eventually, settled at 75,410, down 8 points or 0.01 per cent. The broader 50-stock gauge, on the other hand, slipped 11 points, or 0.05 per cent, to end at 22,957.
HDFC Bank, Bharti Airtel, L&T, Axis Bank, Maruti, and NTPC were some of the top performing stocks on the BSE benchmark. On the downside, ITC, M&M, TCS, Tech M, Titan Company, and Asian Paints were the top laggards.
Meanwhile, in the broader market, the BSE MidCap index touched a new peak of 43,778, and the BSE SmallCap 48,353 level. These indices closed 0.23 per cent higher and 0.20 per cent lower, respectively.
Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each. The Nifty FMCG, on the contrary, fell 0.8 per cent.
3:19 PM
Lok Sabha election result 2024 :: NDA racing forward on 294, INDIA Alliance on 232 seats
3:46 PM
Comment :: 'Buy dip around 22,750-22,850 in Nifty'
It's common to see a pause after a strong upward move, and traders should view any dip around 22,750-22,850 in Nifty as a buying opportunity.
While key sectors are contributing to the upward movement, we are now seeing more selective participation. Therefore, it is advisable to focus on stock selection, with a preference for large-cap and large mid-cap stocks.
Views by: Ajit Mishra – SVP, Research, Religare Broking
While key sectors are contributing to the upward movement, we are now seeing more selective participation. Therefore, it is advisable to focus on stock selection, with a preference for large-cap and large mid-cap stocks.
Views by: Ajit Mishra – SVP, Research, Religare Broking
3:44 PM
Currency check :: Rupee ends 19 paise higher at 83.09/$ vs Wednesday's close
3:42 PM
IPO Update :: Awfis Space issue subscribed 10x so far on day 3
3:40 PM
Broader markets :: Indices end mixed; MidCap outperforms peers
3:39 PM
Sectoral trends :: Bank, Financial Services' indices rise the most
3:37 PM
Sensex Heatmap :: HDFC Bank, Airtel, L&T help index trim losses
3:36 PM
Closing Bell :: Nifty fails to hold 23,000
3:35 PM
Closing Bell :: Sensex ends 8 pts lower after a choppy session in narrow range
3:28 PM
Defense stocks extend rally; BDL, CSL, GRSE, BEL zoom over 25% in 1 week
In the past one week, CSL (44 per cent), BDL (42 per cent), GRSE (39 per cent) and BEL (27 per cent) have soared more than 25 per cent each. The remaining three stocks gained between 18 per cent and 19 per cent. In comparison, the S&P BSE Sensex was up 2.5 per cent during the period. READ MORE
Topics : MARKET LIVE MARKET WRAP Markets S&P BSE Sensex NSE Nifty Gift Nifty Indian stock markets Markets Sensex Nifty MARKETS TODAY
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 24 2024 | 7:52 AM IST