Stock Market Updates: Sensex, Nifty End Lower; Tata Motors Hits Record High
by Sandip Das on 30 January 2024, 5 min read
The Indian stock market ended in the red, down 1 percent each on January 30, 2024. At close, Sensex was down 801 points at 71,139 while Nifty declined 215 points and ended the session at 21,522.
Around 1275 stocks advanced and 1267 declined while 99 stocks remained unchanged as the stock market ended in the red.
Among sectors, except realty and PSU Bank, all other indices ended in the red with capital goods, FMCG, pharma, and power down 0.5-1 percent.
Top Nifty50 Gainers
| Company Name | Last Traded Price (Rs) | % Change |
| Tata Motors | 864.9 | 2.84 |
| BPCL | 502.7 | 2.04 |
| Eicher Motors | 3707.75 | 1.05 |
| Adani Enterprises | 3096 | 1.02 |
| Grasim Industries | 2124.15 | 0.93 |
Top Nifty50 Losers
| Company Name | Last Traded Price (Rs) | % Change |
| Bajaj Finance | 6825 | -5.10 |
| UltraTech Cement | 9955.05 | -3.10 |
| Titan Company | 3749 | -3.04 |
| Bajaj Finserv | 1591.1 | -2.80 |
| Reliance Industries | 2818.25 | -2.69 |
Asian markets end lower
Asian markets ended on a mixed note on January 30, 2024. Japan’s Nikkei added 0.11 percent at 36,065 while Hang Seng shed 2.38 percent. Kospi shed 0.07 percent at 2,498.
Also read: Mishra Dhatu Nigam, Karur Vysya Bank Top 2 Stocks Which Can Fetch Up to 17% Return
European markets edge higher
Most European markets were trading on a positive note with FTSE up 0.63 percent at 7,680. CAC was up 0.48 percent at 7,676 while German DAX gained 0.21 percent at 16,978.
Stocks in the news
Zee Entertainment: up 5.75%
The share price of Zee Entertainment jumped over 5 percent amid reports of an emergency arbitration hearing for the abandoned Zee-Sony merger scheduled the next day in Singapore.
Tata Motors: up 2.19%
Tata Motors’ share price gained over 2 percent ahead of its Q3 earnings. In the third quarter, Tata Motors’ Jaguar Land Rover division sold 1,01,000 wholesale units, marking a 27 percent year-on-year increase. This also represents the highest wholesale figure in the past 11 quarters.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions. Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
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