Top Gaines & Losers on 24 July: Syrma SGS Tech, HFCL, Swiggy, Eternal, Hero MotoCorp among top losers
Stock market today: For the week, the Sensex dropped 2.68% to end at 76,059.77, while the Nifty declined 2.33% to close at 23,767.45. While some of the global triggers continue this week, read on to know what are the fresh factors to watch out for this week.
Geopolitical tensions and rising oil prices have unsettled investors, causing Indian equities to decline for five consecutive sessions. Both Nifty 50 and Sensex fell over 2.5%, marking the worst weekly performance in four months. Analysts suggest a 'Buy on Dips' strategy amidst ongoing volatility.
Total card spending, or billed business, climbed 9% year over year to $455.8 billion on a foreign exchange-adjusted basis. Quarterly revenue also rose 10% to $19.6 billion, reflecting healthy consumer activity
Benchmark Nifty 50 and the Sensex fell 0.4% each on Friday to close at 23,767.45 and 76,059.75, respectively. For the week, the Nifty lost 2.3% while Sensex declined 2.6%, their steepest fall since the week ended 15 May, when the benchmarks had shed 2.7%.