The market could not maintain RBI's dividend, Sensex lost all-time highs
Stock Market: On the last day of the week, Friday 24 May 2024, the domestic stock market could not sustain gains due to Reserve Bank of India (RBI) dividend. At the close of sixth phase pre-poll trade, both the benchmarks Sensex-Nifty fell to all-time losses. At the close of trade, the Mumbai Stock Exchange (BSE) Sensex closed down 7.65 points, or 0.01 per cent, at 75,410.39. Meanwhile, the NSE's Nifty closed down 10.55 points, or 0.05 per cent, at 22,957.10. Strong start to market in morning trade However, at the start of domestic bourse trade on Friday, BSE's benchmark Sensex hit an all-time high of 75,525.48 points in early trade. At the same time, the National Stock Exchange's (NSE) Nifty also rose 15.45 points to open at 22,983.10. But by the end of trade, these two major indices could not maintain Thursday's gains. The top losers and top gainers among the Sensex listed companies were Vodafone, Bharat Forge, Power Finance and Hindustan Aero. At the same time, shares of Interglobe Aviation, Tarrant Pharma, Godrej Properties and Vedanta ended in losses. However, shares of Bajaj Finance, Larsen & Toubro, Tata Steel, State Bank of India, HDFC Bank and Bharti Airtel were the top gainers in Sensex in early trade. At the same time, shares of Mahindra & Mahindra, Tata Consultancy Services, Maruti and JSW Steel suffered losses. Investors took gains in stocks of FMCG, IT companies after the market hit a record high on Thursday after Air India hiked employee salaries, bonuses for pilots. and health care recoveries, due to which both market indices recorded declines. Along with this, the shares of Reliance Industries, ITC and other heavyweights in the market fell, which was the second reason for the fall in the market. RBI's dividend will determine new government's fiscal priorities: Rating agencies, market unable to sustain RBI's dividend, Sensex hits all-time low appeared first on Prabhat Khabar.