Sensex gains 230 pts; Suraj Real Estate drops 7%, Adani Green rallies 5.5%
Closing Bell on December 26, 2023: On the downside, the Nifty Media index fell 0.58 per cent, and the Nifty IT shed 0.4 per cent
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Stock market highlights: Shrugging off initial weakness, benchmark indices settled higher Tuesday amid robust buying in heivyweights like HDFC Bank, Reliance Industries, Kotak Bank, Bharti Airtel, NTPC, Axis Bank, and Asian Paints.
The S&P BSE Sensex index, which slipped to a low of 71,012 earlier today, ended at 71,337, up 230 points or 0.32 per cent. Similarly, the Nifty50 ended at 21,441, up 92 points or 0.43 per cent, bouncing back from a low of 21,329.
In the broader markets, the BSE MidCap index outperformed its peers by rising 0.72 per cent. The BSE SmallCap, on the other hand, performed almost in-line by rising 0.48 per cent.
Among sectors, the Nifty Metal, Pharma, and Healthcare indices gained over 1 per cent each, followed by 0.98 per cent rise in the Nifty Auto index.
On the downside, the Nifty Media index fell 0.58 per cent, and the Nifty IT shed 0.4 per cent.
4:00 PM
Comment :: "Nifty needs support from bank stocks to surpass 21,500'
We have reached closer to the hurdle of 21,500 in Nifty and need support from the banking index to make a serious attempt for trend resumption else profit taking would resume.
Amid all, traders should avoid aggressive trades in the index and stay focused on identifying opportunities on stock-specific front.
We reiterate our preference for defensive viz. Pharma and FMCG for long trades and suggest picking selectively from others.
Views by: Ajit Mishra, SVP - Technical Research, Religare Broking
Amid all, traders should avoid aggressive trades in the index and stay focused on identifying opportunities on stock-specific front.
We reiterate our preference for defensive viz. Pharma and FMCG for long trades and suggest picking selectively from others.
Views by: Ajit Mishra, SVP - Technical Research, Religare Broking
3:42 PM
Currency check :: Rupee ends 4 paise lower at 83.19/$
3:41 PM
SmallCap Heatmap :: Index closes half a per cent up; J Kumar Infra zooms 20%
3:40 PM
MidCap Heatmap :: Index shines Tuesday, settles 0.7% higher
3:38 PM
Nifty Heatmap :: Pharma, Metal stocks in demand; IT reverses gains
3:37 PM
CLOSING BELL :: Nifty ends tad below 21,450
3:35 PM
CLOSING BELL :: Sensex ends higher after choppy session, gains 230 pts
3:28 PM
ALERT :: Promoters to invest Rs 9,350 crore equity in Adani Green
>> The Board of AGEL approved issuance of IRs 9,350 crore of warrants on a preferential basis to the promoter group at a share price of Rs 1,480.75/share
>> Funds to be utilised for deleveraging and accelerated growth capex in AGEL to deliver 45 GW capacity by 2030
>> This transaction follows successful debt raise of $1.4 billion earlier in December 2023, and takes the total capital raised to $3 billion
>> Funds to be utilised for deleveraging and accelerated growth capex in AGEL to deliver 45 GW capacity by 2030
>> This transaction follows successful debt raise of $1.4 billion earlier in December 2023, and takes the total capital raised to $3 billion
3:19 PM
By April, 1,400 new electric buses will be inducted in BMTC: Karnataka CM
"So far, Karnataka women have undertaken 120 crore rides in state transport buses for free since the launch of the Shakti scheme. A total of 40 lakh people travel on BMTC every day. In this, women of all castes, all religions and all walks of life are travelling for free," he said. The new electric buses have been added to promote public transport services and also curb increasing vehicular pollution in the city, he added. READ MORE
3:04 PM
Global check:: US, UK stock futures hold modest gains
Source: Investing.com
Topics : MARKET LIVE MARKET WRAP Markets Market news stock market trading Indian stock markets S&P BSE Sensex Nifty50 Reliance Industries Infosys JK Tyre
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First Published: Dec 26 2023 | 7:57 AM IST