Stock Market Highlights: Sensex sheds 236 points, Nifty settles below 24,550; FMCG dips, IT shines

Markets Highlights: 35 out of 50 Nifty50 constituent stocks ended in the red, dragged by NTPC, Hindustan Unilever, Coal India, Hero MotoCorp, and BPCL

3:58 PM

Stock Market Highlights LIVE Updates: Market awaits a fresh catalyst to resume its rebound

Markets closed slightly lower on the weekly expiry day, shedding nearly half a percent amid mixed signals. After an initial uptick, the Nifty gradually declined throughout the session, ending near the day’s low at 24,548.70 level. Sectorally, most indices saw profit booking, with FMCG and energy being the top losers, though resilience in the IT sector helped limit the losses. Broader indices, which had recently outperformed, also faced profit-taking, declining by 0.5 per cent-1 per cent. 
 

The market awaits a fresh catalyst to resume its rebound, while rotational buying in key sectors like IT and banking keeps recovery hopes alive. Participants should maintain a positive outlook but manage position sizes until Nifty clears the resistance at 24,800. Additionally, given the broader indices’ recent outperformance, traders might consider booking partial profits in the midcap and smallcap segments.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)

3:55 PM

Stock Market LIVE Updates: Investors tracking food prices for future rate trajectory

The market continued to remain range bound ahead of domestic CPI data and weakening rupee. Though inflation is anticipated to drop, investors are maintaining a close vigil on the vegetable prices, which will determine the future rate trajectory. Meanwhile, the Nifty IT index reached a new high after US inflation data met expectations, boosting hopes for a Fed rate cut next week.

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

3:53 PM

Stock Market Highlights LIVE Updates: Adani Ent, Bharti Airtel, IndusInd Bank rise on NSE

Adani Enterprises, Bharti Airtel, and IndusInd Bank were among the top gainers on NSE.

3:48 PM

Stock Market Highlights LIVE Updates: Nifty IT, Metal end in green in a sea of red

All sectors except Nifty IT and Nifty Metal closed with losses on Thursday.

3:43 PM

Stock Market Highlights LIVE Updates: SmallCap index slips 1%

In the broader indices, the BSE SmallCap index fell 1 per cent, while the BSE MidCap index fell 0.56 per cent

3:36 PM

Stock Market Highlights LIVE Updates: 18 out of 30 stocks end in red

NTPC, HUL, Tata Motors, and Maruti were among the top 18 losers that closed in red territory on Thursday.

3:33 PM

Stock Market Highlights LIVE Updates: Sensex closes over 200 pts lower

The BSE Sensex closed at 81,289, down points or 0.29 per cent on Thursday.

3:33 PM

Stock Market Highlights LIVE Updates: Nifty ends below 24,550

The NSE's Nifty50 closed at 24,548, down 93 points or 0.38 per cent on Thursday.

3:13 PM

Stock Market LIVE Updates: Govt considering proposal to impose safeguard duty on steel imports

The government is considering a proposal to impose safeguard duty on steel imports, Union Steel Minister HD Kumaraswamy said on Thursday.

 

"The process is going" on the ministry's proposal to impose a 25 per cent duty on steel imports, Kumaraswamy told PTI on the sidelines of an event here.

 

On December 2, the steel ministry in a meeting with the commerce department had proposed for a 25 per cent safeguard duty on certain steel products imported into the country. The steel minister and Commerce and Industry Minister Piyush Goyal were present in the meeting. Read more

3:04 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was at 81,228.62, lower by 297.52 points, or 0.36 per cent, while the Nifty50 was at 24,531.10, down by 110.70 points, or 0.45 per cent.