Stock Market Highlights: Sensex sheds 67pts, Nifty settles at 23,727; Smallcap shares shine
Markets Today Highlights: After scaling the day's high of 78,877.36, the 30-share Sensex took a retreat and settled at 78,472.87, down 67.30 points or 0.09 per cent from its previous close
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Stock Market Highlights, Tuesday, Decemer 24, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended flat on Tuesday. After scaling the day's high of 78,877.36, the 30-share Sensex took a retreat and settled at 78,472.87, down 67.30 points or 0.09 per cent from its previous close. The NSE Nifty50 ended at 23,727.65, down merely 25.80 points or 0.11 per cent from its previous close. The index traded in the range of 23,867.65-23,709.65 today.
Notably, the stock exchanges will remain closed tomorrow, December 25, 2024, on account of Christmas festivities. Among the broader markets, small-cap shares eked out some gains, with the Nifty Smallcap100 ending higher by 0.24 per cent. The Nifty Midcap 100 index, on the other hand, ended down by 0.06 per cent. 28 out of 50 constituent stocks of Nifty50 ended lower, dragged by Power Grid Corporation, JSW Steel, SBI Life, Titan, and Infosys, which ended lower by 1.68 per cent. Conversely, Tata Motors, Adani Enterprises, Eicher Motors, BPCL, and Nestle India were among the 22 constituent stocks of Nifty50 that ended higher, with gains of up to 1.79 per cent.
Among sectors, only Nifty FMCG, Auto, and OMC indices ended higher, with gains of up to 0.57 per cent, while Nifty Private Bank and Healthcare indices ended on a flat note with marginal gains. Other sectoral indices ended in the negative territory on Tuesday, with losses extending up to 0.83 per cent.
4:03 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty remained mostly rangebound throughout the day before closing flat. On the daily chart, the index closed below the 200-DMA for the first time in three days, confirming a short-term bearish trend. The RSI is in a bearish crossover and continues to decline, reinforcing the negative outlook. On the downside, support is placed at the 23,500-23,400 zone, while resistance is seen at 23,860.
View by Rupak De, Senior Technical Analyst, LKP Securities.
View by Rupak De, Senior Technical Analyst, LKP Securities.
4:02 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The domestic market concluded flat ahead of the holiday, with metal and power stocks dragging performance while FMCG and auto sectors gained from recent corrections. The near-term market trajectory hinges on the outcome of Q3 results and the Union budget, but caution prevails due to a strong dollar, high bond yields, and concerns over rate cuts. The INR hitting an all-time low, further evoked the caution.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:39 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: Broader market indices BSE Midcap and Smallcap closed in green.
3:38 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close
Stock Market LIVE Updates: Tata Motors, Adani Enterprises, Eicher Motor were among the top winners on Nifty50
3:36 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Tata Motors, ITC, Nestle Indian were among the top gainers on Sensex. Here is a heatmap
3:35 PM
Stock Market LIVE Updates: Nifty settles 25.8 pts lower at 23,727.65
Stock Market LIVE Updates: NSE Nifty closed 25.8 points or 0.11 per cent lower at 23,727.65.
3:33 PM
Stock Market LIVE Updates: Sensex closes 67.3 pts lower at 78,472.87
Stock Market LIVE Updates: BSE Sensex closed 67.3 points or 0.09 per cent lower at 78,472.87
3:28 PM
Stock Market LIVE Updates: Mobikwik zooms 35% from Monday's low on heavy volumes post stellar debut
Stock Market LIVE Updates: Shares of One Mobikwik Systems (Mobikwik) moved higher to its new high of Rs 630, as they rallied 19 per cent on the National Stock Exchange (NSE) in Tuesday’s intra-day trade amid heavy volumes in otherwise a subdued market. The stock of the fintech company has zoomed 35 per cent from its Monday’s low of Rs 467.35 on the NSE. READ MORE
3:23 PM
Stock Market LIVE Updates: Oyo completes US-based G6 Hospitality acquisition for $525 million
Stock Market LIVE Updates: SoftBank-backed Oyo has acquired G6 Hospitality, the US-based operator of the Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million. READ MORE
3:19 PM
Stock Market LIVE Updates: Mutual fund industry on a high, asset surges Rs 17 trillion in 2024
Stock Market LIVE Updates: After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025. READ MORE
Topics : Sensex MARKET WRAP MARKET LIVE MARKETS LIVE stock market trading Gift Nifty Markets Sensex Nifty S&P BSE Sensex sensex nifty Nifty50 BSE NSE BSE NSE equity Indian stock markets Chinese stock market Global stock markets stock market listing IPO GMP IPO market IPO activity FPI indian equities Indian equities
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First Published: Dec 24 2024 | 7:29 AM IST