Stock Market LIVE updates: Sensex declines 350 pts, Mid, SmallCap indices fall 2% | News on Markets

Stock Market LIVE updates today, Friday, July 19, 2024: Indian benchmarks — BSE Sensex and Nifty50 — which started at fresh record highs on Friday, led by Infosys and HDFC Bank, were seeing selling pressure amid global sell-off. 

The BSE Sensex hit a record high of 81,587 in early deals, before paring gains to trade at 81,072, down 270 points. The NSE Nifty50, meanwhile, hit a new lifetime high of 24,854, before quoting at 24,658, down 142 points. 

Infosys share price moved 4 per cent higher after the company posted better-than-expected Q1FY25 results, and also raised FY25 revenue growth forecast to 3-4 per cent. HCL Tech, TCS, ITC, and Asian Paints were the other top gainers.

On the downside, BPCL, Tata Steel, Coal India, Hindalco, and ONGC were the top laggards, down up to 4 per cent.

In the broader markets, the BSE Mid, SmallCap indices fell over 2 per cent each. 

Among sectors, the Nifty IT index advanced 0.37 per cent, followed by the Nifty FMCG index (up 0.25 per cent). The Nifty Metal, and Realty indices was the top losers, down around 3 per cent each, followed by the Nifty PSU Bank, Pharma, and Auto indices (down up to 1.5 per cent).