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On 19th July, the stock market closed on a negative note on Friday, with the Sensex plunging 738.81 points to settle at 80,604.65 and the Nifty falling 275.25 points to close at 24,530.90.
Among the Nifty companies, only four saw advances while 46 registered declines, marking a broad-based sell-off.
Despite the negative close, the market has shown resilience over the past seven weeks, with both the Sensex and Nifty posting gains on a cumulative basis.
Sensex closed in red at 80,502, down 102 points or 0.13 per cent.
Defaults worth Rs 10.2 lakh crore have been settled at the stage of pre-admission of insolvency cases since the inception of IBC in 2016.
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Remittances to India are projected to grow at 3.7 per cent to USD 124 billion in 2024 and at 4 per cnt to reach USD 129 billion in 2025, according to the Economic Survey .
Economic Survey noted that the market capitalisation of the Indian stock market has seen a surge, with the market capitalisation to GDP ratio being the fifth largest in the world.
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>> Sensex is down over 50 points.
>> Nifty is below 25,550.
>> Nifty Bank is flat with a negative bias at 52,235.35.
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