{"id":100725,"date":"2024-07-24T04:14:27","date_gmt":"2024-07-24T04:14:27","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/24\/stock-market-today-bse-sensex-nifty50-open-in-red-a-day-after-budget-2024-times-of-india\/"},"modified":"2024-07-24T04:14:27","modified_gmt":"2024-07-24T04:14:27","slug":"stock-market-today-bse-sensex-nifty50-open-in-red-a-day-after-budget-2024-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/07\/24\/stock-market-today-bse-sensex-nifty50-open-in-red-a-day-after-budget-2024-times-of-india\/","title":{"rendered":"Stock market today: BSE Sensex, Nifty50 open in red a day after Budget 2024 &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"721\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-111974932,imgsize-104558.cms?resize=1280,721&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Stock market today: BSE Sensex, Nifty50 open in red a day after Budget 2024 &#8211; Times of India\" title=\"Stock market today: BSE Sensex, Nifty50 open in red a day after Budget 2024 &#8211; Times of India\" \/><\/div>\n<div>Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red a day after the <a href=\"https:\/\/timesofindia.indiatimes.com\/business\/budget\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">Union Budget<\/a> 2024 speech by FM Nirmala Sitharaman. Both BSE Sensex and Nifty50 were marginally down. At 9:18 AM, BSE Sensex was trading at 80,377.99, down 51 points or 0.063%. Nifty50 was at 24,451.90, down 27 points or 0.11%.<br \/>The domestic markets experienced a significant downturn on Budget day following an increase in <!-- -->capital gains tax<!-- -->.However, they managed to recover towards the latter half of the session, closing with only marginal losses.<br \/>&#8220;While the overall sentiment remains positive without signs of weakness, the market appears overbought by various measures. Therefore, we advise against aggressive long positions,&#8221; said Rajesh Bhosale, Equity Technical Analyst, Angel One.<br \/>The short-term trend of Nifty remains negative with high volatility, but the emergence of sharp buying and the formation of a positive candle pattern on Tuesday suggests a potential bullish reversal in the coming sessions, says an ET report.<br \/>Global markets showed mixed performance, with S&amp;P 500 futures falling 0.4%, Japan&#8217;s Topix declining 0.4%, Australia&#8217;s S&amp;P\/ASX 200 dropping 0.2%, and Euro Stoxx 50 futures rising 0.3%. Commodity currencies touched multi-week lows due to weakness in Chinese demand, while the yen surged as short-sellers exited ahead of a central bank meeting.<br \/>Oil prices rebounded on Wednesday after several days of decline, supported by falling U.S. crude inventories. Expectations for a nearing ceasefire deal in the Middle East kept prices from continuing to climb. Brent crude futures for September rose 46 cents to $81.47 a barrel, and U.S. West Texas Intermediate crude for September increased 42 cents to $77.38 per barrel.<br \/>Foreign portfolio investors turned net sellers, offloading shares worth Rs 2,975 crore on Tuesday, while domestic institutional investors bought shares worth Rs 1,418 crore.<br \/>Several companies, including L&amp;T, Axis Bank, Bajaj Finserv, and SBI Life, are set to announce their first-quarter results on Tuesday. The net long position of foreign institutional investors reduced from Rs 3.37 lakh crore on Monday to Rs 2.83 lakh crore on Tuesday.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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Both BSE Sensex and Nifty50 were marginally down. At 9:18 AM, BSE Sensex was trading at 80,377.99, down 51 points or 0.063%. Nifty50 was at 24,451.90, down 27 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":100726,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-111974932,imgsize-104558.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[1604,5002,289,57045,1599,758,273,84510,1602,1597,39,1854,1605,84509,1601,84508,272,1603,40637],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/100725"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=100725"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/100725\/revisions"}],"predecessor-version":[{"id":100727,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/100725\/revisions\/100727"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/100726"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=100725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=100725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=100725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}