Stock Market Highlights: Sensex trims gain on late sell-off, ends 239 pts up; Nifty holds 23,500

Stock Market Today: Indian benchmark equity indices BSE Sensex and Nifty 50 settled in the positive territory on Tuesday

4:00 PM

Stock Market Highlights LIVE Updates: The Nifty's movement reflects that bears are firmly in control

Markets experienced a volatile session and ended marginally higher, pausing after the recent decline. Despite an initial uptick and a positive move in the first half, a sharp sell-off in the latter half erased all gains. Sectoral trends remained mixed, with realty, auto, and pharma leading the gainers, while metal and energy ended in the red. Broader indices outperformed amidst the choppiness, closing with gains of nearly half a percent each. 
 

The Nifty's movement reflects that bears are firmly in control, using every rebound as an opportunity to short. We maintain our “sell on rise” stance for the index until a decisive reversal is evident, while emphasising a selective approach for stock-specific trades.

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

3:58 PM

Stock Market Highlights LIVE Updates: Market pullback is over, next leg of the decline likely to resume

Nifty opened on a positive note and witnessed a sharp surge during the first half of the trading session. A sell off during the second half resulted into a weak close. Nifty closed in the positive up 65 points, however, well off the intraday highs indicating inability to sustain at higher levels.

The 40-hour average (23,733) acted as a strong resistance and until the index manages to sustain above it we shall to maintain a negative stance. The hourly momentum indicator has completed pullback cycle to equilibrium line suggesting that the pullback is over and is likely to resume next leg of the decline. On the downside we are expecting 23,180, which coincides with the 61.82 per cent Fibonacci retracement level.

 

Bank Nifty also witnessed an upmove towards 51000, however it sold off and closed well of the intraday highs. The weakness is likely to continue, and we expect the bank nifty to test 49800 – 49700 which coincides with the 200-day moving average. On the upside, 50800 – 50900 shall act as an immediate hurdle zone from short term perspective.

(View by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas)

3:45 PM

Stock Market Highlights LIVE Updates: SBI Life, Hindalco, RIL shed on NSE

SBI Life, Hindalco, and Reliance Industries were among the top leaders on NSE. 

3:43 PM

Stock Market Highlights LIVE Updates: Nifty Media, Realty, Auto lead among sectors

Among sectors, Nifty Media outran others, rising 2.45 per cent, followed by Nifty Realty and Nifty Auto. 

3:40 PM

Stock Market Highlights LIVE Updates: Broader markets end in green

The BSE SmallCap index surged 0.90 per cent, while the BSE MidCap index climbed 0.94 per cent at close on Tuesday. 

3:36 PM

Stock Market Highlights LIVE Updates: M&M, Tech Mahindra lead on Sensex

M&M, Tech Mahindra, HDFC Bank and Titan were among the top gainers on the BSE Sensex.

3:35 PM

Stock Market Highlights LIVE Updates: Nifty ends above 23,500

The NSE's Nifty50 finished at 23,518 level, up 68 points or 0.28 per cent. 

3:32 PM

Stock Market Highlights LIVE Updates: Sensex pares early gains to end over 200 pts higher

After gaining over 1,000 points in intraday deals, the BSE Sensex closed 239 points or 0.34 per cent higher at 77,578 level. 

3:15 PM

Stock Market LIVE Updates: Waaree Energies slips 6% on muted September quarter results

Waaree Energies share price slipped 6 per cent to Rs 2,914.60 on the BSE in Tuesday’s intra-day trade in an otherwise strong equity market after the company reported a muted set of numbers for the second quarter ended September 2024 (Q2FY25).

 

At 02:28 pm; Waaree Energies was trading 5 per cent lower at Rs 2,961.60, as compared to 1.07 per cent rise in the BSE Sensex. The stock has corrected 22 per cent from its high of Rs 3,740.75 touched on November 6. It had hit a low of Rs 2,294.55 on the listing day i.e. October 28. Currently, Waaree Energies is trading 94 per cent higher over its issue price of Rs 1,503 per share. Read more

3:00 PM

Stock Market LIVE updates: 3 PM market update

At 3 PM, the BSE Sensex was up 437 points, or 0.57 per cent higher at 77,776.97, while the Nifty 50 was at 23,521.85, up 68 points, or 0.29 per cent.