Market Close Highlights: Sensex ends flat at 81,526; Nifty at 24,641; Banks dip, FMCG, Auto gain
Market Close: Sectoral indices largely finished in the green, with Banks and Media being notable exceptions. Top performers among sectoral indices included Nifty Auto, FMCG, IT and Consumer Durables
 "Indian markets")
Image: Bloomberg
Stock Market Close Highlights, Wednesday, December 11, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, settled on a positive note on Wednesday. The 30-share Sensex settled at 81,526.14, up 16.09 points or 0.02 per cent. The index traded in the range of 81,742.37 - 81,383.42 today.
The NSE Nifty50, on the other hand, ended higher by 31.75 points or 0.13 per cent at 24,641.80. Nifty50 was seen at a day's high of 24,691.75, while the day's low was quoted at 24,583.85.
26 out of the 50 constituent stocks of Nifty50 ended in the green, with gains led by Trent, Bajaj Finance, Britannia, Shriram Finance, and Hero MotorCorp, up to 2.50 per cent. Conversely, JSW Steel, Adani Ports, NTPC, State Bank of India, and Axis Bank were among the 23 stocks that ended lower, with a fall of up to 1.48 per cent. IndusInd Bank was notably the only stock among the Nifty constituents that ended on a flat note on Monday.
Among the broader markets, Nifty Midcap100 and Nifty Smallcap100 indices ended higher by 0.27 per cent and 0.38 per cent, respectively. Sectoral indices largely finished in the green, with Banks and Media being notable exceptions. Top performers among sectoral indices included Nifty Auto, FMCG, IT and Consumer Durables.
Notably, Sanjay Malhotra officially assumed office as the 26th governor of the Reserve Bank of India (RBI) for a three-year term, succeeding Shaktikanta Das, who served as RBI governor for six years.
4:00 PM
(View by: Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan)
Stock Market Highlights LIVE Updates: A decisive move above 24,750 shall suggest next up move for Nifty50
Nifty opened on a positive note and continued to trade within a narrow range to close in the green up 32 points. on the daily charts we can observe that the Nifty has been stuck in a narrow range 24500 – 24800 since the past four trading sessions. We expect this rangebound action to continue. A decisive move above 24750 shall suggest that the next leg of upmove has resumed.
On the downside, 24500 is the crucial support level and a stoploss for the long positions. As far as derivative data is concerned, 24500 PE and 24600 PE added decent OI suggesting a strong support base. The highest Built up on the call side is placed at 24700 followed by 25000. The Nifty Weekly PCR stands at 0.71, which is unchanged from the previous session and is suggesting a slightly bearish sentiment. However, the price action suggests a rangebound price movement.
On the downside, 24500 is the crucial support level and a stoploss for the long positions. As far as derivative data is concerned, 24500 PE and 24600 PE added decent OI suggesting a strong support base. The highest Built up on the call side is placed at 24700 followed by 25000. The Nifty Weekly PCR stands at 0.71, which is unchanged from the previous session and is suggesting a slightly bearish sentiment. However, the price action suggests a rangebound price movement.
(View by: Jatin Gedia – Technical Research Analyst at Mirae Asset Sharekhan)
3:51 PM
Stock Market Highlights LIVE Updates: US CPI inflation data could influence the Fed policy
The Indian market exhibited subtle movements, reflecting mixed sentiments prevailing in global markets ahead of the US CPI inflation data release, which could influence the FED policy.
The US dollar strengthened, while bond yields saw a marginal uptick. Defensive sectors, including FMCG and pharmaceuticals, experienced an uptick. Additionally, the metals sector saw gains driven by optimism surrounding potential stimulus measures from China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
The US dollar strengthened, while bond yields saw a marginal uptick. Defensive sectors, including FMCG and pharmaceuticals, experienced an uptick. Additionally, the metals sector saw gains driven by optimism surrounding potential stimulus measures from China.
(View by: Vinod Nair, Head of Research, Geojit Financial Services.)
3:48 PM
Stock Market Highlights LIVE Updates: Trent, Bajaj Fin, Britannia rise on NSE
Trent, Bajaj Finance, and Britannia were among the top gainers on NSE.
3:42 PM
Stock Market Highlights LIVE Updates: Broader indices end in green
The BSE SmallCap index closed 0.25 per cent higher, while the BSE MidCap index ended 0.35 per cent higher.
3:39 PM
Stock Market LIVE Updates: Cons Dur, FMCG, Auto indices end higher
Stock Market LIVE Updates: Consumer Durables ends 0.57 per cent higher, followed by FMCG index, up 0.42 per cent; and the Auto index, ahead by the Auto index, up 0.36 per cent, as new RBI Gov Sanjay Malhotra addressed the media for the first time.
3:39 PM
Stock Market Highlights LIVE Updates: 18 out of 30 stocks end in red on Sensex
JSW Steel, Adani Ports, NTPC and SBI were the top losers on the BSE Sensex.
3:37 PM
Stock Market LIVE Updates: Consultation to be key pillar of policy, says RBI Gov Malhotra
3:36 PM
Stock Market LIVE Updates: Nifty50 closes 24,600
The NSE's Nifty50 closed at 24,641.80, up 31.75 points or 0.13 per cent.
3:34 PM
Stock Market LIVE Updates: We’re in totally different world today versus 30 yrs ago w.r.t to tech: RBI Gov
3:33 PM
Stock Market LIVE Updates: Sensex ends flat with a positive bias
The BSE Sensex closed at 81,526.14 level, up 16.09 points or 0.02 per cent.
3:32 PM
Stock Market LIVE Updates: We’ve done a lot with financial inclusion, but more needs to be done, says RBI Gov
3:31 PM
Stock Market LIVE Updates: World events remain dynamic, says RBI Governor Sanjay Malhotra
While stability and policy continuity is important, world events remain dynamic with geopolitical tensions, political developments and climate change, we need to be alert to also address these challenges, said RBI Governor Sanjay Malhotra.
3:31 PM
Stock Market LIVE Updates: Whatever decisions are taken will be taken with public interest in mind: RBI Gov
3:30 PM
Stock Market LIVE Updates: Banking, Financial stocks under pressure as New RBI Gov addresses media
Stock Market LIVE Updates: Nifty Bank down 0.33 per cent; PSU Bank sheds 0.92 per cent; Private Bank index down 0.24 per cent, and Financial Services flat, as Sanjay Malhotra addresses the media for the first time as the new Reserve Bank of India governor.
3:29 PM
Stock Market LIVE Updates: Stability, continuity in policy is very important, says RBI Gov Malhotra
Topics : Stock Market MARKET WRAP MARKETS TODAY stock market trading Markets Sensex Nifty S&P BSE Sensex BSE Sensex sensex nifty NSE Nifty Gift Nifty Nifty50 Nifty 50 BSE NSE BSE NSE equity Indian stock market Indian stock markets US stock market US stock markets Chinese stock market stock markets Asian markets Asia Markets
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First Published: Dec 11 2024 | 7:53 AM IST
