Stock Market Highlights, July 10: Sensex down 427 pts, ends below 80k; Nifty nears 24,300; M&M tanks | News on Markets

Closing Bell on Wednesday, July 10, 2024: Equity markets came under considerable selling pressure on Wednesday, weighed by broad-based profit booking. 

The BSE Sensex index fell 916 points intraday, before recouping some of the losses to end at 79,925, down 427 points or 0.53 per cent. The Nifty50, too, hit an intraday low of 24,141 before ending at 24,324, down 109 points or 0.45  per cent.

M&M, down 6.6 per cent, was the biggest dragger on the benchmark indices, followed by Tata Steel, TCS, SBI, HCL Tech, JSW Steel, Tata Motors, Infosys, Kotak Bank, ITC, and IndusInd Bank.

On the upside, Asian Paints (up 3 per cent), Power Grid, HUL, NTPC, Adani Ports, and Bharti Airtel helped in limiting losses. 

In the broader markets, the BSE MidCap, and SmallCap indices declined nearly 2 per cent each intraday. The indices ended 0.19 per cent and 0.67 per cent lower, respectively. 

Among sectors, defensive plays like the Nifty FMCG, and Pharma indices ended in the positive zone, rising up to 0.4 per cent. On the downside, the Nifty Auto shed over 2 per cent.