Stock Market Highlights: Sensex ends flat at 81,510, Nifty at 24,610; Adani Group shares dip
Markets Highlights: Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent
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Stock Market Highlights, Tuesday, December 10, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Tuesday's choppy session on a flat note. The 30-share Sensex settled at 81,510.05, up marginally by 1.59 points. The index traded in the range of 81,726.34 to 81,182.69.
Similarly, on the NSE, Nifty50 settled at 24,610.05, down 8.95 points, or 0.05 per cent, from its previous close on Tuesday. Nifty50 was seen at a day's high of 24,677.80, while the day's low was seen around 24,510.65.
27 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Dr Reddy's Labs, Adani Enterprises, Adani Ports, Bharti Airtel, and HDFC Life, with losses extending up to 1.40 per cent. Among other Adani Group stocks, Adani Green Energy ended lower by 3.45 per cent, followed by Adani Power (down 2 per cent), Adani Total Gas (down 1.85 per cent), and Adani Wilmar (down 1.41 per cent).
Meanwhile, Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent.
Among the broader markets, Nifty Midcap100 and Nifty Smallcap100 indices ended higher by 0.23 per cent and 0.28 per cent, respectively. All sectoral indices ended in the green, except for Nifty Media, Auto, Pharma, and OMCs. Notably, the Nifty Realty index outperformed other sectoral indices, ending higher by 1.43 per cent, led by gains in Raymond and Phoenix Mills.
4:01 PM
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
Stock Market Highlights LIVE Updates: A break below 24,470 could trigger a correction
The Nifty experienced another lackluster trading session, remaining confined within the range of 24,500 to 24,650. The sentiment is likely to stay sideways in the near term unless the index makes a decisive move beyond this range. A break below 24,470 could trigger a correction of 200 to 250 points, while resistance is seen at 24,700 to 24,750.
(View by: Rupak De, Senior Technical Analyst, LKP Securities)
3:58 PM
Stock Market Highlights LIVE Updates: Despite consolidation, buoyancy in mid-smallcaps is encouraging
Markets remained range-bound for another session, closing nearly unchanged as the recent rebound paused. After a flat opening, the Nifty index drifted lower during the first half of the session, but a swift recovery in select heavyweights erased the losses, ultimately closing at 24,610.05.
Sectorally, performance was mixed, with realty and IT leading the gains, while energy and pharma lagged. Amidst this, the broader indices managed to end marginally in the green, reflecting underlying resilience.
Despite the consolidation, the continued buoyancy in midcap and smallcap stocks is encouraging. Additionally, rotational participation across most sectors is sustaining the positive sentiment during this phase. Traders should maintain a stock-specific approach, focusing on long positions unless Nifty decisively breaks below the 24,300 level.
(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)
3:50 PM
Stock Market Highlights LIVE Updates: Shriram Finance, Bajaj Finserv, HCL Tech advance on NSE
Shriram Finance, Bajaj Finserv, and HCL Tech were among the top five gainers on the NSE.
3:47 PM
Stock Market Highlights LIVE Updates: Nifty Realty, IT, PSU Bank lead among sectors
Among sectors, Nifty Realty, IT, and PSU Bank were the top gainers.
3:43 PM
Stock Market Highlights LIVE Updates: Broader indices end in green
The BSE MidCap index rose 0.30 per cent while the BSE SmallCap index advanced by 0.33 per cent.
3:39 PM
Stock Market Highlights LIVE Updates: Heatmap check
Bajaj Finserv, HCL Tech, and SBI were among the 15 stocks that ended in green on the BSE Sensex on Tuesday.
3:38 PM
Stock Market Highlights LIVE Updates: Nifty closes listless at 24,610
NSE's Nifty50 closed at 24,610 level, down 9 points or 0.04 per cent.
3:34 PM
Stock Market Highlights LIVE Updates: Sensex ends flat at 81,510
Stock Market Highlights LIVE Updates: The BSE Sensex closed flat at 81,510
3:17 PM
Stock Market LIVE Updates: NAM India surges 9%, hits new high; market cap touches Rs 50,000 crore
Shares of Nippon Life India Asset Management Company (NAM India) hit a new high of Rs 803.95, as they surged 9 per cent on the BSE in Tuesday’s intra-day trade, extending its past two day up move, in an otherwise weak market. In the last three days, the stock price of NAM India has soared 14 per cent. Read more
3:07 PM
Stock Market LIVE updates: 3 PM market update
At around 3 PM, the BSE Sensex was at 81,499.91, lower by 8 points, or 0.01 per cent, while the Nifty 50 was at 24,596.80, behind by 22 points, or 0.09 per cent.
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First Published: Dec 10 2024 | 7:44 AM IST