FINAL TRADE: Nifty, Sensex end flat amid volatility; IT stocks lead losses
Stock market today: Domestic equity benchmarks Nifty50 and Sensex gave up most gains on Friday, May 24 after hitting record highs for the second straight session amid a decline in IT stocks.
![FINAL TRADE: Nifty, Sensex end flat amid volatility; IT stocks lead losses](https://cdn.zeebiz.com/sites/default/files/2024/05/24/295515-untitled-design-67.jpg?im=FitAndFill=(1200,900))
Stock market today: Domestic equity benchmarks Nifty50 and Sensex gave up most gains on Friday, May 24 after hitting record highs for the second straight session amid a decline in IT stocks on worries that it would be a while before the US Federal Reserve cuts rates.
The blue-chip NSE Nifty 50 lost 10.55 points or 0.05 per cent to settle at 22,957.1, while the BSE Sensex added 7.65 points or 0.01 per cent to close at 75,410.39. During the session, the 30-share BSE Sensex clocked its all-time high of 75636.5 while NSE Nifty breached the 23,000 mark for the first time ever. It hit its lifetime peak of 23,026.4.
From the Nifty 50 universe, HDFC Bank, Bharti Airtel, L&T, BPCL, and Ultra Tech Cement were the major gainers. Adani Ports, Tech Mahindra, Mahindra & Mahindra, JSW Steel, and Titan were among the laggards.
The high-beta Nifty Bank index, whose 12 constituents include SBI, HDFC Bank, and ICICI Bank, settled 0.42 per cent higher at 48,971.65.
The domestically focussed Nifty SmallCap 100 closed 0.17 per cent lower while the Nifty MidCap100 ended flat.
Global Market
European stocks dipped on Friday, putting them on course for weekly declines. The pan-European STOXX 600 index dipped 0.47 per cent at the last count.
(This story will be updated shortly.)
Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/india/news-cbi-searches-14-locations-in-connection-with-rs-5717-crore-alleged-bank-fraud-by-sks-power-generation-says-report-296219](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299587-cbipti.jpg?itok=9spk-ll_)
CBI searches 14 locations in connection with alleged Rs 5,717-crore bank fraud by SKS Power Generation: Report
![https://www.zeebiz.com/personal-finance/news-scss-post-office-senior-citizens-savings-scheme-account-interest-rate-2024-calculator-investment-inr-rs-2000000-and-maturity-amount-tax-benefits-section-80c-quarterly-income-296129](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299499-note-pixabay-take.jpg?itok=d6bBPUqA)
Post Office Scheme for Senior Citizens: How much quarterly amount will you get on Rs 5 lakh, Rs 10 lakh, Rs 15 lakh and Rs 20 lakh investments
![https://www.zeebiz.com/trending/news-software-engineer-lose-crores-in-share-trading-fraud-tuition-teacher-and-security-guard-arrested-by-mumbai-police-for-cyber-crime-online-scam-296167](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299537-scam-4.jpg?itok=ADT03uob)
Online Scam: Mumbai's software engineer loses Rs 5.14 crore in share trading fraud, tuition teacher and security guard arrested
![https://www.zeebiz.com/personal-finance/news-elss-equity-linked-saving-scheme-sip-mutual-fund-calculator-calculation-section-80c-income-tax-benefits-sbi-hdfc-bank-ntpc-airtel-psu-bharat-dynamics-lt-296139](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/06/14/299508-investment-unsplash-1.jpg?itok=EfZCto39)
Top 5 ELSS SIP mutual funds in 3 years: Know current values of Rs 5,000, Rs 10,000, and Rs 15,000 monthly SIPs in each fund
03:56 PM IST