Share Market Highlights July 3, 2024: HDFC Bank drives Indian market to new heights
July 3rd, 2024 16:27
Sensex, Nifty updates on July 3, 2024: Indian shares hit record highs on Wednesday, driven by a surge in HDFC Bank stocks as investors anticipated an increased weightage in the MSCI Emerging Markets index. The NSE Nifty 50 rose by 0.67% to 24,286.5 points, while the S&P BSE Sensex climbed 0.69% to 79,986.8 points, crossing the 80,000 mark for the first time. HDFC Bank, which jumped 2.2%, spurred gains in the banking and financial sectors. Analysts expect HDFC Bank’s weightage to increase from 3.8% to 7.8%, potentially attracting $3.2 billion to $4 billion in inflows. Small- and mid-cap indices also saw gains of 1.03% and 0.79%, respectively. Bharat Heavy Electricals rose 4.76% on news of securing major contracts, while power financiers REC and Power Finance Corporation surged over 4% each. ICICI Lombard gained 2.51% following a brokerage upgrade.
Stock Market Live Updates July 3, 2024: Sensex trades on a firm note, within striking distance of 80,000, Nifty up over 150 points; banking stocks shine
July 3rd, 2024 15:27
Sensex, Nifty, Share Prices LIVE: Stocks advanced on BSE at 3 pm on July 3, 2024, were 2,305 against 1,587 stocks that declined; 105 stocks remain unchanged. Total stocks traded were 3,997. The number of stocks that recorded a 52-week high was 327, and those that hit a 52-week low was 17.
In addition, 385 stocks traded in upper circuit, while 190 hit the lower circuit.
The top gainers on the Nifty were Tata Consumer, HDFC Bank, Axis Bank, Shriram Finance and Dr Reddy’s. The laggards were Reliance, TCS, Hindalco, Tata Motors and Titan.
The majority of Nifty sectoral indices were in the green, with Nifty bank and financial services gaining nearly 2 per cent in the session
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