Stock Market Closing Highlights: Sensex sheds 451pts, Nifty ends at 23,645; Banking, Auto shares dip
Markets Today Highlights: In the broader markets Nifty Midcap100 index ended higher by 0.37 per cent, while Nifty Smallcap100 index settled down by 0.62 per cent
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Stock Market Highlights, Monday, December 30, 2024: Benchmark equity indices BSE Sensex and NSE Nifty50 ended the week's first trading session in the negative territory. The 30-share Sensex shed 450.94 points, or 0.57 per cent, to end Monday's trading session at 78,248.13. The index traded in the range of 79,092.70 to 78,077.13.
Similarly, the NSE Nifty50 ended down by 168.50 points, or 0.71 per cent, to settle at 23,644.90. Nifty50 traded in the range of 23,915.35 to 23,618.90.
The day ended in favour of bears, with 38 out of 50 constituent stocks of Nifty50 ending in the red. Bharat Electronics, Hindalco, Tata Motors, Trent, and Wipro were the top laggards, ending lower by up to 2.32 per cent. On the other hand, Adani Enterprises, HCL Tech, Tech Mahindra, Shriram Finance, and IndusInd Bank were among the 11 constituent stocks of Nifty50 that ended higher by up to 7.26 per cent.
In the broader markets Nifty Midcap100 index ended higher by 0.37 per cent, while Nifty Smallcap100 index settled down by 0.62 per cent.
The fear index, India VIX, which gauges volatility in markets, ended higher by 5.55 per cent at 13.97 points.
Sectoral markets ended on a mixed note on Monday, with Nifty PSU Bank, Auto, Financials, Media, Metals, and Realty being the top laggards, ending down by up to 1.87 per cent. Nifty FMCG, IT, Pharma, Healthcare, and Telecom indices, on the other hand, defied the market trends to settle in green with gains up to 1.62 per cent.
4:00 PM
Stock Market Closing Highlights: Fundamental outlook
Markets lost momentum in the second half and fell sharply thereafter as weak Asian and European cues coupled with nervousness over falling rupee and renewed foreign fund outflows prompted investors to reduce equity expoosure.
We suspect rising US bond yields are likely to be the biggest negative catalyst going forward, with the US 10-year US bonds yields spiking to 4.61 per cent, the highest in seven months.
We suspect rising US bond yields are likely to be the biggest negative catalyst going forward, with the US 10-year US bonds yields spiking to 4.61 per cent, the highest in seven months.
Views By: Prashanth Tapse, Senior VP (Research), Mehta Equities
3:46 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: The Nifty remained volatile during the session, oscillating between 23,600 and 23,900. On the daily chart, the index has slipped below its recent consolidation. Additionally, it continues to trade below the 200-DMA, indicating weak sentiment. The overall outlook remains negative for the short term, with potential downside risks. On the lower end, support is seen at 23,400, while resistance is expected around 23,870 in the near term.
View by Rupak De, Senior Technical Analyst, LKP Securities.
View by Rupak De, Senior Technical Analyst, LKP Securities.
3:44 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates:Broader market indices BSE Midcap ended in green and Smallcap closed in red.
3:42 PM
Stock Market LIVE Updates: A glance at Nifty gainers and loser at close
Stock Market LIVE Updates: Hindalco, Tata Motors, Trent were among the top losers on Nifty. Take a look
3:39 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Tata Motors, Titan, M&M were among the top losers on Sensex. Here is a heatmap
3:37 PM
Stock Market LIVE Updates: Sensex ends 450.94 pts lower at 78,248.13
Stock Market LIVE Updates: Sensex ended 450.94 points or 0.57 per cent lower at 78,248.13
3:35 PM
Stock Market LIVE Updates: Nifty closes 168.5 pts lower below 23,644.9
Stock Market LIVE Updates: NSE Nifty finished the session in red and settled 168.5 points or 0.71 per cent lower at 23,644.9.
3:26 PM
Stock Market LIVE Updates: Servotech Power rises 5% on bagging order of agriculture pumps from UP govt
Stock Market LIVE Updates: Shares of Servotech Power Systems rose 4.99 per cent at Rs 169.41 a piece on the NSE in Monday’s intraday trade. This came after Servotech secured an order of 1,100 Grid-connected Agriculture Pumps under “Kusum Component C-1 Scheme” from Uttar Pradesh New and Renewable Energy Development Authority (UPNEDA), Govt. of Uttar Pradesh. Read more
3:14 PM
Stock Market LIVE Updates: KEC International secures new order worth Rs 1,073 crore
Stock Market LIVE Updates: KEC International bags orders worth Rs 1,073-crore across its various businesses. Year-to-date order intake now stands at over Rs 18,400 crore.
3:10 PM
Stock Market LIVE Updates: JSW Energy, Adani Group stocks see long build-up
Stock Market LIVE Updates: The Nifty futures were seen trading in sync with the NSE Nifty 50 index swinging between zones in intra-day trade on Monday. As of 1:30 PM; the Nifty January and February futures were down 0.2 per cent each on the back of 2.4 per cent increase in open interest (OI). Meanwhile, the NSE Nifty 50 index was down 0.2 per cent at 23,762. Read more
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First Published: Dec 30 2024 | 7:44 AM IST