July 11, 2024 Market Update: Nifty 50 and Sensex Close Flat; M&M, Bajaj Finance Lead Declines; Focus on US Inflation Data

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“Live Market Updates: Nifty 50 and Sensex Wrap-Up, Top Gainers and Losers, Global Market Trends, and More!”

In today’s market wrap-up, the Nifty 50 and Sensex ended flat, with M&M and Bajaj Finance among the top drags. The focus was on US inflation data, which influenced market movements.

IREDA share price jumped 14% and surged 26% in five sessions, driven by positive market sentiment. Pavna Industries, an NSE SME stock, turned ₹1.32 lakh into ₹3.92 lakh in three years, showcasing its multibagger potential.

Market experts are anticipating some hues of populism in Budget 2024, with a focus on infrastructure, defence, railways, and capital goods sectors. Meanwhile, Nykaa’s Q1 performance may be muted due to customer acquisition and brand-building efforts impacting margins.

Shipping stocks like SCI and Shreyas Shipping saw a notable surge today, with prices rising by up to 20% on potential budget announcements. CG Power’s share price rallied over 250% in two years, driven by increased orders in the Power Systems segment.

Asian Paints share price rose more than 3% in the last two trading sessions, following price hikes by paint majors. Budget 2024 trading strategy is in focus, with top market experts sharing advice on how to trade on July 23.

Overall, the market is buzzing with activity, with various stocks showing strong performance and potential for growth. Stay tuned for more updates on the market blog for real-time information on your favorite companies and sectors.