On Friday, the first trading session of August, Indian benchmark indices opened on a soft note and extended their losses as the day progressed. The sell-off intensified, especially in the latter part of the trading session.
As a result, the Nifty 50 ended down by 203 points, or 0.82%, at 24,565.35. The Sensex slipped by 585.67 points, or 0.72%, to 80,599.91.
With a close below the 24,600 mark, the benchmark Nifty 50 registered a fresh one-month low and marked its fifth consecutive week of losses, ending the week lower by 1.09%. The last time five straight weekly losses were recorded was in 2023.
Market breadth for the Nifty 50 remained negative, with 38 stocks declining and only 12 advancing.
On the sectoral front, barring Nifty FMCG, all other key sectoral indices ended in the red. Meanwhile, broader indices like the Midcap and Smallcap segments recorded sharp losses of 1.33% and 1.66%, respectively.
Among individual stocks,
The Nifty FMCG index was the sole gainer among the key sectoral indices on Friday, August 1. It ended higher by 0.69%, with Radico and Emami emerging as the top gainers within the FMCG sector. On the flip side, the Nifty Pharma index was the top losing sector, declining by over 3%.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended on a Negative note. The Nifty Mid-cap 100 index closed down by 1.33% and the Small-cap 100 index declined by 1.66%.
Disclaimer: The article is for informational purposes only and not an investment advice.
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