Stock Market Updates: Sensex Surges, Nifty Hits Fresh High; Tata Motors, SBI among Laggards

The Indian stock market ended Monday with gains, led by the benchmark Sensex surpassing the 79,000-mark. The BSE Sensex closed at 79,476.19, marking a 0.56% increase. The broader Nifty 50 rose by 131.35 points, or 0.55%, to settle at 24,141.95, a fresh all-time high. Among the Sensex shares, Tech Mahindra, UltraTech Cement, and Tata Consultancy Services were the gainers. On the other hand, NTPC, State Bank of India, and Larsen & Toubro were the laggards. In global markets, Asian and European shares saw gains, while US markets ended lower on Friday. The optimism came after the US inflation data, which showed a reduction in the core PCE inflation, raising hopes for a rate cut by the US Fed in September.

Tata Motors Limited reported its sales in the domestic and international markets for Q1 FY 2024-25, which stood at 229,891 vehicles compared to 226,245 units during Q1 FY 2023-24.

The Indian rupee ended weaker on Monday as broad-based interbank dollar demand pressured the currency, even as the greenback weakened. The rupee ended at 83.4375 against the U.S. dollar, lower than the close of 83.3825 in the previous session. Interbank dollar bids had pushed the rupee to an intra-day low of 83.4650 earlier in the session but declined in the dollar index helped it trim losses.


  1. Sensex, Nifty Updates on 1 July 2024: Market wraps up gains for the sixth consecutive session, led by banking and IT stocks
  2. Tata Motors Q1 Sales: Tata Motors reports a marginal increase in Q1 sales to 229,891 vehicles
  3. SBI MSME Loans: SBI launches web-based digital business loans solution for MSMEs' invoice financing
  4. Oriental Carbon Spinoff: Oriental Carbon & Chemicals finalizes the record date for the spinoff of its new entity, OCCL
  5. Nuvama's Take on USD-INR Movements: USD-INR has failed to cross its previous high of 83.70 levels, which will eventually make this pair move in a range of 83.30-83.70 levels or it will start moving lower
  6. REC Limited Reports Strong Q1 Performance: REC Limited reports a strong operational performance for Q1, with loan sanctions and disbursements increasing by 24.17% and 27.89%, respectively
  7. L&T Secures ₹2,500 Crore Order from ONGC: Larsen & Toubro secures an order worth up to ₹2,500 crore from Oil and Natural Gas Corporation
  8. UltraTech Cement Commissions Clinker and Grinding Capacity: UltraTech Cement commissions 3.35 MTPA clinker and 1.8 MTPA grinding capacity at its Tadipatri unit in Andhra Pradesh
  9. Titan Executes Joint Venture Agreement with Rhythm Jewelry: Titan executes a Joint Venture Agreement with Rhythm Jewelry in Bangladesh for the manufacture, marketing, and retailing of jewelry products in the country
  10. Tata Steel to Convert Debt Instruments into Equity Shares: Tata Steel to convert debt instruments

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