Sensex falls 169 pts, Nifty holds 21,400 as indices pause rally; banks weak
Closing Bell on Monday December 18: In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory
 "Sensex, Nifty, BSE, NSE, stock market")
Stock market highlights: Benchmark indices settled near the day's low level as investors booked profit after seven straight weekly gains.
The S&P BSE Sensex closed at 71,315 levels, down 169 points or 0.24 per cent, while the Nifty50 ended at 21,419, down 38 points or 0.18 per cent.
Power Grid, ICICI Bank, JSW Steel, ITC, Infosys, M&M, Axis Bank, Tech M, IndusInd Bank, NTPC, and Ultratech Cement weighed on the frontline indices as they fell up to 2 per cent.
In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory, rising 0.28 per cent and 0.48 per cent, respectively.
Among sectors, the Nifty Media and Pharma indices gained 1 per cent each, while the Nifty Realty index fell by the same percentage.
3:56 PM
COMMENT:: Markets likely to consolidate in the near term
"The market started on a subdued note as concerns over oil supply disruptions through the Red Sea and elevated valuations dented investor sentiment. On the global front, attention will be directed towards BoJ monetary policy and UK inflation data. We expect a near-term consolidation in the market due to an unfavourable risk reward after the recent rapid performance, concerns over El Nino, and a slowdown in world GDP."
- Vinod Nair, Head of Research at Geojit Financial Services
3:52 PM
Market breadth was positive; 2,170 stocks advanced v/s 1,717 declining shares on the BSE
3:51 PM
BSE Smallcap Heatmap:: SpiceJet zooms almost 20%; Geojit, RIIL, KellonTech other top movers
3:49 PM
BSE Midcap Heatmap:: IRCTC zooms 13%; Union Bank drops 4%
3:47 PM
Sectoral Check:: Realty index slips 1% on profit-taking; Godrej Properties sheds 3%
3:45 PM
Broader Market Check:: SmallCaps outperform; India Vis rises 6%
3:43 PM
Nifty 50 Losers:: Power Grid slips over 2%; ITC, Tech Mahindra, ICICI Bank dip 1%
3:41 PM
Nifty 50 Gainers:: Bajaj Auto rallies 3%; Hindalco, Sun Pharma gain 1.5%
3:39 PM
Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers
3:38 PM
CLOSING BELL:: NSE Nifty50 settles with a loss of 38 pts at 21,419
Topics : Stock Market Sensex MARKET LIVE MARKET WRAP Markets Sensex Nifty stock market trading Gift Nifty Market news Buzzing stocks IPOs Nifty50 Nifty Bank
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First Published: Dec 18 2023 | 7:43 AM IST