Stock market LIVE: HDFC Bank, Tata Motors pull Sensex down 350 points; Nifty below 24,250 | Market news
Stock market LIVE updates today, Tuesday, August 13, 2024: Indian benchmark indices BSE Sensex and NSE Nifty 50 traded lower on Tuesday.
The Sensex index was at 79,319, down over 300 points, while the Nifty50 index was at 24,244, down 103 points or 0.42 percent.
HDFC Bank was the biggest laggard in the Sensex, down 3 percent, after the recent MSCI rebalancing announcement said the bank’s weighting would be increased in two tranches, versus expectations of a one-time increase.
On the Filip side, Titan, Sun Pharma and HCL Tech were the biggest gainers in the Sensex.
In broader markets, the BSE MidCap index lost 0.31 percent and the BSE SmallCap index lost 0.34 percent.
At the sector level, the Nifty Financial Services, Nifty Realty and Nifty Private Bank indices recorded a decline of 1 percent, while the Nifty Consumer Durables index rose 1.72 percent.
MSCI Rebalance: Review of August
Shares of RVNL, Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial and Zydus Lifesciences will be included in the MSCI India Index as part of the recent restructuring.
Bandhan Bank is the only Indian stock excluded from the index.
