Stock market under pressure after rebound in previous session; Nifty below 23,850
At the close, the Sensex fell 1,342.27 points, or 1.72%, to 76,863.71, while the Nifty dropped 394.75 points, or 1.63%, to 23,866.85.
At the close, the Sensex fell 1,342.27 points, or 1.72%, to 76,863.71, while the Nifty dropped 394.75 points, or 1.63%, to 23,866.85.
At the close, the Sensex was up 639.82 points or 0.82% at 78,205.98, and the Nifty was up 233.55 points or 0.97% at 24,261.60.
Broader indices underperformed the main indices with Nifty Midcap and Smallcap indices shed 2 each. The market capitalisation of BSE-listed companies fell by more than Rs 8 lakh crore to Rs 441 lakh crore.
SBI's market valuation jumped Rs 39,045.51 crore to Rs 9,62,107.27 crore, becoming the biggest gainer, while Infosys surged Rs 31,014.59 crore to Rs 7,01,889.59 crore.
State Bank of India added Rs 19,589.54 crore to Rs 7,25,036.13 crore in its valuation, and that of HDFC Bank climbed Rs 8,462.15 crore to Rs 14,89,185.62 crore.
Reliance Industries became the biggest gainer, in line with an outstanding rally in benchmark equity indices.
In June 2023, IndiGo inked a massive deal for 500 aircraft with Airbus during the Paris Air Show.
Reports indicate that India probably aims to launch its own digital currency i.e. Central Bank Digital Currency (CBDC).
The 30-share BSE benchmark index plummeted 1,449.03 points to 48,580.80 in morning trade.
The gain on the markets is backed by the approval of two COVID-19 vaccines Covishield and Covaxin.
