Share Market Live Updates 24 July- The budget was presented on Tuesday and after the budget, the stock market started declining on Wednesday. The BSE Sensex opened with a decline of 85 points at 80343. On the other hand, the NSE Nifty began Wednesday’s trading with a drop of 34 points at the level of 24444.
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Share Market Live Updates – 24 July
| Event | Details |
|---|---|
| Budget Presentation | Occurred on Tuesday |
| Market Reaction on Wednesday | Started with a decline |
| BSE Sensex Opening | Declined by 85 points, opening at 80,343 |
| NSE Nifty Opening | Declined by 34 points, opening at 24,444 |
Share Market Live Updates 24 July
Global cues are not good for the domestic stock market today on Wednesday, which faced a lot of volatility on the budget day. Sensex and Nifty-50 are expected to open with a decline. As Nifty was trading around the 24,405 level, Nifty futures were down by about 45 points from the previous close, indicating a negative opening for the Indian stock market.
After the presentation of Budget 2024-25 in Parliament, the stock market started with a decline on Wednesday. The BSE Sensex opened with a drop of 85 points at 80343. On the other hand, NSE Nifty started Wednesday’s trading with a drop of 34 points at the level of 24444.
Stock Market Opening After Budget 2024-25 Presentation
| Index | Opening Change | Opening Level |
|---|---|---|
| BSE Sensex | Declined by 85 points | 80,343 |
| NSE Nifty | Declined by 34 points | 24,444 |
Share Market Live Updates 24 July: Global signals are not good for the domestic stock market today on Wednesday, which faced a lot of volatility on the day the budget was being presented. Sensex and Nifty-50 are expected to open with a decline. As the Nifty was trading around the level of 24,405, there was a decline of about 45 points from the previous close of Nifty futures, which indicates a negative opening for the Indian stock market.
Share Market Live Updates – 24 July
| Market Indicators | Details |
|---|---|
| Global Signals | Negative indicators for the domestic stock market. |
| Market Volatility | High, especially on the day the budget was presented. |
| Sensex & Nifty-50 | Expected to open with a decline. |
| Nifty Trading Level | Around 24,405 points. |
| Decline from Previous Close | Approximately 45 points from the previous Nifty futures close. |
| Market Opening | Indications of a negative opening for the Indian stock market. |
According to Live Mint, Asian markets have seen a significant decline, while US stock markets closed in the red. On Tuesday, the Sensex closed at 80,429.04, down 73.04 points or 0.09%, while the Nifty 50 closed at 24,479.05, down 30.20 points or 0.12%.
Market Performance Overview
| Region/Index | Market Movement | Closing Details |
|---|---|---|
| Asian Markets | Significant decline | – |
| US Stock Markets | Closed in the red | – |
| BSE Sensex | Declined by 73.04 points (0.09%) | Closed at 80,429.04 |
| NSE Nifty 50 | Declined by 30.20 points (0.12%) | Closed at 24,479.05 |
Asian markets and Wall Street
Asian markets: Japan’s Nikkei 225 was steady, while the Topix fell 0.23%. South Korea’s Kospi was down 0.7% and the KOSDAQ was marginally down.
Wall Street: US stock markets closed marginally lower on Tuesday. The Dow Jones Industrial Average fell 57.35 points to 40,358.09, while the S&P 500 fell 8.67 points. The Nasdaq Composite fell 10.22 points, or 0.06%, to 17,997.35.
Market Performance Overview
| Region/Index | Movement | Details |
|---|---|---|
| Asian Markets | ||
| – Japan’s Nikkei 225 | Steady | |
| – Japan’s Topix | Fell 0.23% | |
| – South Korea’s Kospi | Down 0.7% | |
| – South Korea’s KOSDAQ | Marginally down | |
| Wall Street | ||
| – Dow Jones Industrial Average | Fell 57.35 points | Closed at 40,358.09 |
| – S&P 500 | Fell 8.67 points | |
| – Nasdaq Composite | Fell 10.22 points (0.06%) | Closed at 17,997.35 |
Disclaimer- The information given is from the internet, information is collected and checked for authenticity, still please verify on other authentic websites.
FAQ
Q. What were the market trends on 24th July following the Budget 2024-25 presentation?
The BSE Sensex opened with a decline of 85 points at 80,343, while the NSE Nifty started with a 34-point drop at 24,444. This was a reaction to the budget presented on the previous day.
Q. How did the global markets perform in comparison to the Indian stock market on 24th July?
Global markets, including Asian and US markets, showed a decline. Asian markets experienced a significant drop, with Japan’s Topix falling 0.23% and South Korea’s Kospi down 0.7%. The US markets also closed in the red, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all recording losses
Q. What specific changes occurred in the major US stock indices on the previous day?
The Dow Jones Industrial Average fell by 57.35 points, closing at 40,358.09. The S&P 500 decreased by 8.67 points, and the Nasdaq Composite dropped 10.22 points, or 0.06%, ending at 17,997.35.
Q. How did the presentation of the Budget 2024-25 affect the Indian stock market?
The budget presentation led to a decline in the Indian stock market on the following day. Both the BSE Sensex and NSE Nifty opened lower, indicating a negative market sentiment.
Q. What was the overall market sentiment in Asia on 24th July?
The overall market sentiment in Asia was negative, with mixed performance across major indices. Japan’s Nikkei 225 remained steady, while the Topix and South Korea’s indices, Kospi and KOSDAQ, showed declines.
