Stock Market Today: Nifty Ends Above 24,400, Sensex Slumps 160 Points In Third Consecutive Day Of Decline
Mahindra & Mahindra, Shriram Finance and Apollo Hospital fell the most in Nifty 50.
KEY HIGHLIGHTS
Stock Market LIVE: PM Modi Addresses India-Japan Joint Economic Forum
Prime Minister Narendra Modi has started his address at the India-Japan Joint Economic Forum. Track live updates here.
That's all for NDTV Profit's live market coverage for the week. Thank you for joining us today.
Closing Bell: Nifty, Sensex Snap Two-Week Gaining Streak
Broader Markets underperformed Benchmark Indices
Nifty fell over 1.7% for the week.
Mahindra & Mahindra, Shriram Finance and Apollo Hospital fell the most in Nifty.
Nifty snaps two-week gaining streak.
Nifty declines in 8 out of last 9 weeks; Falls nearly 5% in over 2 months.
Nifty Midcap 150 fell over 3% for the week, snaps two-week gaining streak.
Sundaram Finance, BSE and IDBI Bank fell the most in Nifty Midcap150.
Nifty Smallcap 250 fell over 3% for the week, drag by Angel One, CDSL and Deepak Fertilizer.
All Sectoral indices lose in a trade barring Nifty FMCG
Nifty Realty loses over 4%, emerges as worst performing sector for the day
Godrej properties, The Phoenix Mills and Prestige Estates feel the most in Nifty Realty
Nifty FMCG emerges as the only sector in Green, led by Britannia Industries, ITC and Colgate Palmolive.
Nifty FMCG extends its gain for the second consecutive week.
Nifty Media, Metals, Auto snaps 3-week gaining streak.
Nifty Pharma, Nifty IT, Nifty Oil and Gas, Realty snaps 2-week gaining streak.
Nifty Financia Services, Banks and PSU Banks loses for the second week.
Rupee Ends At Record Closing Low Against US Dollar
Rupee ended 58 paise to record closing low of 88.21 against US dollar
It fell as much as 68 paise to a record low of 88.31
It closed at 87.63 a dollar on Thursday
Source: Bloomberg
GoM Proposes Early Phase-Out Of Compensation Cess
GoM Proposes Replacing Cess with Separate Levy or Subsuming It Under GST Rates
GoM Recommends Ending Compensation Cess by Oct 31
Final Report on Cess Submitted to GST Council; To Be Taken Up on Sep 3–4
Cess Phase-Out Seen as Key Step in Post-Compensation Framework
Alert: GST compensation cess was set to end on March 31, 2026.
GoM is led by MoS Finance, Pankaj Chaudhary Tasked to Review Future of Cess
Stock Market LIVE: RIL Share Price Slumps As Its Shareholders Will Not Get A Stake In Jio IPO
Reliance Industries Ltd. share price declined 2.59% to Rs 1,350 apiece. The sentiment for the stock turned negative after it was revealed that shareholders of Reliance Industries will not get anything in the upcoming Jio Telecom IPO.
JIO IPO will happen in the first half of financial year 2026.
Reliance Industries share price slumped to Rs 1,350 apiece, the lowest level since April 28.
