Stock Market Highlights: Benchmarks end 5-day losing streak; Sensex soars 498pts, Nifty above 23,750
Stock Market Highlights: The BSE Sensex climbed 0.64 per cent or 498.58 points to settle at 78,540.17 while NSE's Nifty50 rallied 0.95 per cent or 165 points to close at 23,753.45 levels
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Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth 3,597.82 crore on December 20, while domestic institutional investors (DIIs) net bought shares worth Rs 1,374.37 crore on Friday. (Photo: Shutterstock)
Stock Market Highlights, Monday, Decemer 23, 2024: The key benchmark indices, Sensex and Nifty snapped a five day losing streak to settle in green in Monday’s trading session.
The BSE Sensex climbed 0.64 per cent or 498.58 points to settle at 78,540.17 while NSE’s Nifty50 rallied 0.95 per cent or 165 points to close at 23,753.45 levels.
On the BSE Sensex, 20 out of 30 stocks closed in positive territory with ITC, Tech Mahindra, HDFC Bank, Reliance Industries, and IndusInd Bank were the top gainers while Zomato, Maruti, and HCL Tech were among the major laggards. Similarly, on the NSE, the day closed in favor of bulls with 32 out of 50 stocks ending in green, with JSW Steel, ITC and Hindalco being the top gainers while HeroMoto Corp, Maruti, and HCL Tech were among the top losers.
Meanwhile, the broader indices underperformed benchmark indices as they settled on a mixed note. The BSE Midcap closed 0.10 per cent higher while the BSE SmallCap index settled 0.60 per cent lower.
Sectorally, most sectors finished off in the green zone, except Nifty Media, Healthcare, and Auto sectors that closed in red. On the filip side, Nifty Realty outran others, rising 1.47 per cent, and followed by Nifty Bank, up 1.10 per cent, Nifty FMCG, up 0.96 per cent and Nifty Financial Services, up 0.82 per cent among others.
4:12 PM
Stock Market LIVE Updates: Technical view
The index has formed a bullish Harami Cross pattern on the daily chart, indicating a potential rise in market optimism. Besides, the index closed above the 200-EMA. Going forward, a decisive move above 23,850 could trigger a smart recovery towards 24,000/24,400.
On the downside, support is placed at 23,540; a breach below this level may lead to further weakness in the index.
View By: Rupak De, Senior Technical Analyst, LKP Securities
On the downside, support is placed at 23,540; a breach below this level may lead to further weakness in the index.
View By: Rupak De, Senior Technical Analyst, LKP Securities
3:55 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The Indian market demonstrated optimism following the recent sell-off. The lower-than-expected US PCE print bolstered investor sentiment in interest rate-sensitive sectors. Broad-based buying was observed, with the metals sector notably benefiting from the anticipated increase in steel import taxes. Despite the positive market sentiment, the short-term outlook is expected to remain sideways due to a lack of new catalysts and the impact of the festive season and holidays.
View by Vinod Nair, Head of Research, Geojit Financial Services.
View by Vinod Nair, Head of Research, Geojit Financial Services.
3:54 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: Broader market indices BSE Midcap closed in green and Smallcap settled in red.
3:49 PM
Stock Market LIVE Updates: A glance at Nifty gainers and loser at close
Stock Market LIVE Updates: JSW Steel, ITC, Hindalco among top gainers on NSE
3:44 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: ITC, Tech Mahindra, HDFC Bank were among the top gainers on Sensex. Here is a heatmap
3:38 PM
Stock Market LIVE Updates: Nifty finishes 165.95 pts higher at 23,753.45
Stock Market LIVE Updates: NSE Nifty closed 165.95 points or 0.7 per cent higher at 23,753.45.
3:35 PM
Stock Market LIVE Updates: Sensex closes 498.58 pts higher at 79,540.17
Stock Market LIVE Updates: BSE Sensex closed 498.58 points or 0.64 per cent higher at 79,540.17.
3:27 PM
Stock Market LIVE Updates: Last Day! Concord Enviro IPO closes today: Subscription soars 7x, GMP up 7%
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3:24 PM
Stock Market LIVE Updates: Mazagon Dock share up over 2% on delivering two warships to Indian Navy
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3:19 PM
Stock Market LIVE Updates: This Mukul Agrawal portfolio stock soared 123% in 6 mths; up 647% in 2 yrs
Stock Market LIVE Updates: Shares of Pearl Global Industries (PGIL) hit a new high of Rs 1,422.05, surging 9 per cent on the BSE in Monday’s intra-day trade in otherwise weak broader market. The share price of smallcap garments and apparels company surpassed its previous high of Rs 1,360.75 touched on December 17, 2024. READ MORE
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First Published: Dec 23 2024 | 7:40 AM IST