Markets catch their breath after hitting record highs
Business Standard|July 11, 2024
Losses in M&M, HDFC Bank, and TCS drag indices down
SUNDAR SETHURAMAN
Markets catch their breath after hitting record highs

Benchmark indices ended Wednesday's session with losses after hitting new highs earlier in the day, amid a sharp decline in Mahindra & Mahindra (M&M) and heavyweights in information technology and banking sectors.

The Sensex hit an intraday high at 80,481 but ended the session at 79,925, with a decline of 427 points, or 0.5 per cent. The National Stock Exchange Nifty ended the session at 24,325, a decline of 109 points, or 0.5 per cent. Both indices hit new highs during the day.

M&M contributed the most to the Sensex's decline. The automobile (auto) manufacturer posted its biggest singleday fall since April 21, 2020, after slashing prices for some of its sport utility vehicle (SUV) variants.

هذه القصة مأخوذة من طبعة July 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة July 11, 2024 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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