Market Wrap-Up: Nifty 50 and Sensex Movements, Top Gainers and Losers, Asian and US Market Updates, Sector Performance, and More!

The stock market has been buzzing with activity today, with a mix of positive and negative news impacting various sectors. Here are some of the highlights from today’s market updates:

1. Profit-booking ahead of key company results and budget concerns have pulled down the markets. The stock market rally driven by foreign institutional investors is showing signs of a slowdown. Read the full story [here](https://www.livemint.com/market/profitbooking-ahead-of-key-company-results-budget-pull-down-markets-stocks-rally-investor-revenue-nifty-sensex-11721394626744.html).

2. Gold prices have declined by 2% from their all-time high due to profit booking, while silver prices have dropped by 3%. Spot gold is currently at $2,401.49 per ounce. Read the full story [here](https://www.livemint.com/market/commodities/gold-price-today-precious-metal-declines-2-from-all-time-high-on-profit-booking-silver-drops-3-11721406344954.html).

3. SEBI Chief Madhabi Puri Buch has highlighted the surge in F&O trade volume as a macro issue, signaling concerns about investor safety. The derivative market has seen a significant increase in trade volume. Read the full story [here](https://www.livemint.com/market/stock-market-news/sebi-chief-madhabi-puri-buch-says-f-o-volume-surge-a-macro-issue-now-not-micro-issue-of-investor-safety-11721398780354.html).

4. Indian markets have extended their winning momentum for the seventh consecutive week, with IT stocks leading the rally. Nifty 50 closed at 24,530 points, and Sensex at 80,604 points. Infosys reported strong results, fueling optimism in the IT sector. Read the full story [here](https://www.livemint.com/market/stock-market-news/indian-market-extends-winning-momentum-for-seventh-consecutive-week-it-stocks-lead-rally-infosys-tcs-hcl-11721385054512.html).

5. The budget 2024 is expected to bring changes in the capital gains tax treatment on equity, which will be closely monitored by the market. Sunil Damania, Chief Investment Officer, MojoPMS, advises investors to adopt an investment strategy rather than a trading approach on the budget day. Read the full story [here](https://www.livemint.com/market/stock-market-news/budget-2024-market-will-be-closely-monitoring-changes-in-the-capital-gains-tax-treatment-on-equity-sunil-damania-11721375920294.html).

Stay tuned for more updates on the stock market as the day progresses.