Stock Market Close Highlights: Sensex sheds 502pts, Nifty ends below 24,200; Banking, financials dip

Stock Markets Today Highlights: 33 of the 50 constituents of Nifty50 ended in the red, dragged by Tata Motors, Power Grid, BEL, JSW Steel, and NTPC, extending losses of up to 2.92 per cent

4:08 PM

Stock Market LIVE Updates: If Nifty holds 24,150, a pullback to 24,350 is feasible

Nifty began the day on a negative note, remained under pressure throughout the day, and settled on a negative note at 24,199 levels.

 

Technically, Nifty index has formed a red candle on a daily chart and has remained below the 100-Days exponential moving average (100-DEMA), indicating weakness. However, currently Nifty is placed near lower end of consolidation zone. If index manages to hold today's low of 24,150, a pullback to 24,350 is feasible; however, for a substantial upmove, the index must sustain above the 100-DEMA, which is placed near 24,360. As long as the index is below 24,360, traders should adopt cautious approach.

(View by: Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd)

4:03 PM

Stock Market Highlights LIVE Updates: Investors focus on Fed chair's commentary on inflation & growth outlook

Investors shunned stocks led by banking ahead of the outcome of the US rate decision with focus on the Fed chairman's commentary on inflation & growth outlook in the backdrop of worsening global economic situation.

Domestic rupee continuing its downward trajectory and hitting fresh lows also dampened the sentiment, as extended fall could further worsen trade deficit and hit inflation going ahead.

(View by: Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.)

 

3:52 PM

Stock Market Highlights LIVE Updates: Market experiencing breakdown in early Santa Claus rally

The Indian market is experiencing a breakdown in the early Santa Claus rally, with the impact being more pronounced in India compared to developed markets due to the rapid appreciation of the dollar.

Market sentiment remains cautious ahead of the FOMC meeting and potential policy and tariff shifts from the incoming US administration. This caution is further influenced by India's premium valuation, which is significantly above the current earnings growth trajectory that has slowed over the last two quarters. Additionally, the widened November trade deficit has negatively affected domestic sentiment.

(View by: Vinod Nair, Head of Research, Geojit Financial Services.)

 

3:47 PM

Stock Market Highlights LIVE Updates: Trent, Dr Reddy's Labs, Cipla gain on NSE

Trent, Dr Reddy's Labs, and Cipla were among the top gainers on NSE.

3:45 PM

Stock Market Highlights LIVE Updates: Nifty PSU Bank, Metal, and Financials bleed

Among sectors, Nifty PSU Bank, Metal, and Financials fell the most on Wednesday.

3:42 PM

Stock Market Highlights LIVE Updates: Broader markets fall

The BSE SmallCap index fell 0.76 per cent, while the BSE MidCap index dipped 0.61 per cent.

3:40 PM

Stock Market Highlights LIVE Updates: Heatmap check

Tata Motors, Powergrid and NTPC were among the top losers on the BSE Sensex.

3:34 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,200

The NSE's Nifty50 ended at 24,198.85, down 137.15 points or 0.56 per cent.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex closes 500 pts lower

The BSE Sensex closed at 80,182.20, down 502.25 points or 0.62 per cent.

3:28 PM

Stock Market LIVE Updates: Pawan Hans secures Rs 2,000 cr contract for ONGC offshore helicopter ops

Government-owned helicopter service provider Pawan Hans Ltd has secured a 10-year contract worth over Rs 2,000 crore to supply four Dhruv NG helicopters, manufactured by Hindustan Aeronautics Ltd (HAL), to the Oil and Natural Gas Corporation (ONGC), according to news agency PTI. Read more