Stock Market Close Highlights: Sensex extends gain, adds 600pts, Nifty above 24,450; PSU banks lead
Stock Market Highlights: The day ended in favour of the bulls as 41 out of the 50 constituent stocks of the Nifty50 ended in positive territory, with gains led by Adani Ports, and NTPC
 "Indian markets")
Stock Market Live: Foreign Institutional Investors (FIIs) net sold equities of Rs 238.28 crore on December 2, while Domestic Institutional Investors (DIIs) net bought shares worth Rs 3,588.66 crore on Monday. Image: Bloomberg
Stock Market Highlights on Tuesday, December 3, 2024: Benchmark equity indices, the BSE Sensex and NSE Nifty50, extended gains for the third consecutive day to settle in the green on Tuesday. The 30-share Sensex advanced 597.67 points, or 0.74 per cent, to settle at 80,845.75 after climbing to the day's high of 80,949.10. Mirroring the Sensex, the NSE Nifty50 also added 181.10 points, or 0.75 per cent, to close at 24,457.15. The index traded in a range of 24,481.35 to 24,280.00 on Tuesday.
The day ended in favour of the bulls as 41 out of the 50 constituent stocks of the Nifty50 ended in positive territory, with gains led by Adani Ports, NTPC, Adani Enterprises, Axis Bank, and State Bank of India, which rose up to 5.86 per cent. Bharti Airtel, ITC, Hero MotoCorp, HDFC Life, and Sun Pharma, on the other hand, were among the nine stocks that ended lower, with losses extending up to 1.50 per cent.
The fear index, India VIX, which measures volatility in the markets, ended down 2.22 per cent at 14.37 points.
Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled with gains of 0.89 per cent and 0.84 per cent, respectively.
All sectoral indices ended in the green, barring Nifty FMCG and Pharma.
Nifty PSU Bank and Media indices ended higher by over 2 per cent each. This was followed by Bank Nifty, OMCs, and metal indices, which all ended higher by 1 per cent each.
3:58 PM
Expert View: Focus is now on RBI rate guidance and liquidity management
"Benchmark indices continued to demonstrate resilience amidst positive global sentiment. Investors are now focusing on potential growth drivers, assuming that weak economic data has already been reflected in the recent lacklustre corporate earnings. The immediate attention is expected to remain on the RBI's interest rate guidance and liquidity management. Banking stocks experienced the highest gains due to their interest rate sensitivity, while metal stocks benefited from increased import duties and favourable manufacturing data from China."
- Views expressed by Vinod Nair, Head of Research, Geojit Financial Services
- Views expressed by Vinod Nair, Head of Research, Geojit Financial Services
3:49 PM
Expert View: Nifty may test 24,600 - 24,700 on the upside
"Nifty witnessed another day of bullishness as the index moved above the 38.20% Fibonacci retracement level of the previous decline from 26,277 to 23,263. Additionally, the index has broken out of the recent consolidation phase on the daily chart, indicating a rise in bullish sentiment. Furthermore, Nifty has been sustaining above the critical 21-day exponential moving average (21EMA), reinforcing optimism. The sentiment is likely to remain in favor of the bulls as long as the index sustains above 24,400, with the potential to test levels of 24,600–24,700. On the downside, a fall below 24,400 could trigger a correction towards 24,150."
- View expressed by Rupak De, Senior Technical Analyst, LKP Securities
- View expressed by Rupak De, Senior Technical Analyst, LKP Securities
3:48 PM
Stock Market Highlights: Market breadth was fairly bullish with more than 2 gainers for every loser on the BSE
3:46 PM
Stock Market Highlights: Sectorally, banking indices outperform; while FMCG dips 2%
3:45 PM
Stock Market Highlights: Broader indices - MidCap, SmallCap move in tandem with benchmarks; India VIX dips 2%
3:40 PM
Stock Market Highlights: Sensex Heatmap - Adani Ports, NTPC top movers; ITC, Airtel slip
3:38 PM
Stock Market Highlights: Nifty 50 index jumps 181 points to 24,457
3:36 PM
Stock Market Highlights: Sensex ends higher for 3rd straight day, gains 598 points at 80,846
3:28 PM
Stock Market LIVE Updates: This recently listed Mukul Agrawal portfolio stock rose 78% vs issue price
Stock Market LIVE Updates: Shares of Enviro Infra Engineers soared 19 per cent to Rs 263.90 on the BSE in Tuesday’s intra-day trade after the company made a strong debut on Friday, November 29. Currently, the stock of the water supply & management company quotes at a 78 per cent premium when compared with its issue price of Rs 148 per share. READ MORE
3:10 PM
Stock Market LIVE Updates: Wipro Bonus Issue: Share trades range-bound; check record date, eligibility
Stock Market LIVE Updates: Shares of IT giant Wipro were in focus on Tuesday, December 3, 2024, as they traded ex-date following the company’s bonus issue. The stock, however, has so far remained range-bound, trading between Rs 296.20 and Rs 289.30 after opening at Rs 295.35 on the National Stock Exchange (NSE). READ MORE
Connect with us on WhatsAppTopics : MARKET WRAP MARKET LIVE stock market trading share market Markets Sensex Nifty S&P BSE Sensex Nifty50 global stock market Asian markets MARKETS LIVE MARKETS TODAY sensex nifty NSE Nifty Nifty 50 BSE NSE BSE NSE equity Indian stock market Indian stock markets US stock market US stock markets Asia stocks Chinese stock market india market Indian markets
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 03 2024 | 8:15 AM IST