2024-07-10 13:19:45
New Delhi: The domestic stock market closed with a slight decline on Monday, the first day of the week. Investors took advantage of the recent rise and booked profits, which led to a decline in the market. However, despite this decline, the stock of the country’s most valuable company Reliance Industries reached an all-time high. It has been rising for three consecutive days. Paytm’s stock also jumped 10 percent during trading. Many railway-related stocks also reached an all-time high. These stocks are seeing a rise in the expectation of emphasis on infrastructure in the budget. Shares of BEML, Bharat Dynamics and Apollo Hospitals are expected to rise on Tuesday. According to the momentum indicator Moving Average Convergence Divergence (MACD), shares of BEML, Bharat Dynamics, Thermax, Apollo Hospitals, Aegis Logistics and Supreme Petrochem may rise on Tuesday. On the other hand, shares of Siemens, Home First Finance Company, Senko Gold, HDFC Bank, EIH Associated Hotels are expected to fall.
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Market condition on Monday
The market closed with a slight decline on Monday due to profit booking by investors after the recent rally. The BSE Sensex fell by 36.22 points. NSE’s Nifty also closed almost stable. The weak trend in other Asian markets also affected the sentiment of the domestic stock market. The BSE Sensex, based on 30 shares, got off to a weak start. In the end, it closed at 79,960.38 points with a slight decline of 36.22 points or 0.05 percent. At one point during trading, it had gone down to 264.77 points. Nifty also closed at 24,320.55 points with a nominal decline of 3.30 points or 0.01 percent.