Market Highlights, July 16: Sensex, Nifty end flat after hitting record highs; RIL, HDFC Bank weigh | News on Markets

Closing Bell on Tuesday, July 16, 2024: Today’s stock market session, which saw benchmark indices hitting record highs in the intraday trade, saw an disappointing end.

The BSE Sensex, for instance, touched a record high of 80,898 earlier on July 16, before ending at 80,717, up 52 points or 0.06 per cent. 

Similarly, the NSE Nifty50 hit a new high of 24,661, before closing the session at 24,613, up 26 points or 0.11 per cent.

Fag-end selling in Kotak Bank, Reliance Industries, Ultratech Cement, NTPC, L&T, Power Grid, SBI, Axis Bank, Tata Motors, and HDFC Bank weighed on the frontline indices.

In the broader markets, the BSE MidCap slipped 0.29 per cent, but the BSE SmallCap added 0.32 per cent. 

Among sectors, most indices ended in the negative territory, led by the Nifty Media (down 1 per cent), the Nifty Pharma (0.38 per cent), and the Nifty PSU Bank (0.25 per cent). On the upside, the Nifty Realty index gained 1.6 per cent, and the Nifty FMCG 0.96 per cent.