Bharat Express

Business

Indian stock market ended on a noticeable selling pressure in the auto and IT sectors. Hindustan Unilever Ltd emerged as one of top losers.

The Indian stock market began Thursday’s session with minimal movement, as investors cautiously navigated through early trading.

Top gainers in the Sensex included Bajaj Finance, Bajaj Finserv, HDFC Bank, Nestle India, Tech Mahindra, and TCS. In contrast, NTPC, Power Grid, Mahindra & Mahindra, Tata Motors, and SBI were among the top losers.

AESL has demonstrated robust growth in its project pipeline, which expanded from Rs 17,000 crore in the first quarter of FY25 to Rs 27,300 crore in Q2

The RBI expressed confidence in the country’s economic stability, with Shaktikanta Das stressing a proactive approach to global challenges.

Ambuja Cements, a subsidiary of Adani Cement, has acquired a 46.8% stake in Orient Cement Ltd (OCL) for Rs 8,100 crore.

RBI Governor Shaktikanta Das announced India’s GDP growth is set at 7.2% for 2024-25, fueled by rising consumption and investment.

In early trade, the Sensex increased by 239.33 points, reaching 81,390.60, while the Nifty rose by 72.95 points to 24,854.05. Despite this upward movement, the overall market trend remained negative.

The BSE Sensex slipped 73.48 points, or 0.09%, to settle at 81,151.27. Similarly, the NSE Nifty fell 72.95 points, or 0.29%, to finish at 24,781.10

On Monday, the stock market started the week on a positive note, fueled by strong buying in the auto, IT, and public sector bank sectors.