Indian Stock Market Sees Substantial Losses, Metal Shares Take a Hit
The Nifty slipped below the 24,800 level, while metal shares extended losses for the second consecutive trading session.
Indian Stock MarketNiftyMetal SharesQuarterly EarningsMarket CommentaryReal Estate NewsAug 02, 2024
At 10 30 IST, the S&P BSE Sensex was down 813.94 points or 0.99% to 81,053.61, while the Nifty 50 index declined 257.90 points or 1.03% to 24,753. The broader market also saw losses, with the S&P BSE Mid-Cap index declining 0.93% and the S&P BSE Small-Cap index falling 0.43%.
A total of 147 shares were unchanged, while 1,283 shares rose and 2,284 shares fell. Several companies are set to announce their quarterly earnings later today, including Britannia Industries, Titan Company, and Hindustan Zinc.
The Nifty Metal index fell 2.57% to 9,327.20, with major losers including National Aluminium Company, Vedanta, and Tata Steel. In other news, Kalyan Jewellers India's consolidated net profit jumped 23.69% to Rs 1775.58 crore in Q1 FY25, while Godrej Agrovet's consolidated net profit rose 22.9% to Rs 132 crore. Thermax's consolidated net profit jumped 82% to Rs 108 crore.
Frequently Asked Questions
What was the performance of the S&P BSE Sensex today?
The S&P BSE Sensex was down 813.94 points or 0.99% to 81,053.61.
Which sector was particularly affected by losses today?
The metal sector was particularly affected, with shares extending losses for the second consecutive trading session.
Which companies are set to announce their quarterly earnings later today?
Several companies are set to announce their quarterly earnings later today, including Britannia Industries, Titan Company, and Hindustan Zinc.
How did Kalyan Jewellers India's consolidated net profit perform in Q1 FY25?
Kalyan Jewellers India's consolidated net profit jumped 23.69% to Rs 1775.58 crore in Q1 FY25.
What was the performance of Thermax's consolidated net profit in Q1 FY25?
Thermax's consolidated net profit jumped 82% to Rs 108 crore.
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