The Indian stock market witnessed a downturn as the NSE Nifty 50 and BSE Sensex both closed lower. The Nifty 50 ended the session down by 74.05 points, or 0.3%, at 24,426.85, while the BSE Sensex dropped 270.92 points, or 0.34%, closing at 79,809.6. This decline was reflected in the Nifty September Futures as well, which fell by 0.3% to 24,577, maintaining a premium of 151 points. Additionally, there was a 3.64% increase in open interest for the Nifty September futures.
In corporate news, Intellect Design announced a significant change in its executive team. Debal Dutt, the companys Chief Marketing Officer, has resigned from his position, effective August 31. To fill this role, Intellect Design has appointed Rajesh Makhija as the new Chief Marketing Officer starting September 1. This change marks a new chapter for the companys marketing strategies.
Other companies such as Mangalore Chemicals also featured in the days developments, although specific details were not provided in the brief excerpt. Overall, the Indian stock markets decline reflects broader market sentiments, and the executive changes in Intellect Design highlight the dynamic nature of leadership in the corporate sector.