Stock Market India
Key Highlights of the Day
Benchmark indices ended Tuesday’s trading session on a flat note. Despite positive momentum in the morning, profit-booking in the afternoon erased gains. Here’s a quick overview of the day’s performance:
- Nifty 50 closed at 24,610.05, down by 8.95 points or 0.04%.
- Sensex rose marginally by 1.59 points, ending at 81,510.05.
- The broader markets outperformed, with both Mid-Cap and Small-Cap indices gaining over 0.3%.
Let’s dive deeper into today’s stock market movements and sectoral performances.
Market Summary: Stock Market India
The Indian stock market experienced a day of mixed fortunes. While sectors like realty and IT saw buying interest, media and energy stocks faced selling pressure.
Major Indices Performance
| Index | Closing Value | Change | % Change |
|---|---|---|---|
| Sensex | 81,510.05 | +1.59 | +0.00% |
| Nifty 50 | 24,610.05 | -8.95 | -0.04% |
| Mid-Cap Index | – | +0.30% | |
| Small-Cap Index | – | +0.33% | |
| India VIX | 13.78 | -2.33% |
Sectoral Performances
- Top Gainers:
- Realty (+0.8%)
- IT (+0.5%)
- Top Losers:
- Media (-0.7%)
- Energy (-0.6%)
Global Market Impact
Global cues significantly influenced today’s trading patterns.
- US Markets: Major indices, including Dow Jones, S&P 500, and NASDAQ, witnessed a decline. Rising treasury yields and geopolitical concerns dampened sentiment.
- European Markets: Declined ahead of US CPI data, critical for Federal Reserve’s rate decisions.
- Asian Markets: A mixed performance with Chinese equities surging due to policy shifts.
Key Numbers to Track
- 10-Year Government Bond Yield: 6.817%
- Rupee vs Dollar: 1 USD = ₹84.835 (slight strengthening)
- Gold Futures (MCX): ₹77,626 (+0.18%)
- Brent Crude: $71.82 per barrel (-0.44%)
Stocks to Watch
Top Movers of the Day
- Greaves Cotton surged 18.13% after prominent investor Vijay Kedia acquired a stake.
- Glenmark Pharmaceuticals gained 1.91% on promising drug trial results.
- Saboo Sodium Chloro rallied 5%, securing MoUs worth ₹485 crore.
Other Notable Performers
- Bajaj Finserv: +1.59%, driven by strong premium collections.
- Solex Energy: +1.81%, secured a ₹29 crore solar PV module supply order.
Stocks Facing Pressure
- NHPC: -0.91%, ahead of fund-raising announcements.
- Nvidia: Continued its decline amid an antitrust investigation.
Economic Events to Watch
- US CPI Data (Dec 11): Expected to provide insights into inflation trends.
- India CPI Data (Dec 12): Likely to shape domestic market sentiment.
- US Fed Meeting (Dec 18): A crucial event to determine interest rate directions.
| Old Name | New Name | Date |
|---|---|---|
| Laxmi India Finance Pvt Ltd | Laxmi India Finance Ltd | 10-Dec-2024 |
FAQs: StockMarketIndia Insights
1. What is driving today’s market volatility?
Today’s market movements were influenced by mixed global cues, profit-booking, and anticipation of key economic data. Realty and IT stocks showed resilience, while energy faced pressure.
2. What are the top sectors to invest in currently?
Realty and IT sectors are gaining traction due to positive investor sentiment. Investors might also consider pharmaceuticals and renewable energy, given their recent performance.
3. What are the top stocks to watch tomorrow?
- NACL Industries: Fundraising evaluation could trigger movements.
- Pennar Industries: Possible joint venture announcements.
- Genpharmasec: Recent partnership with Amneal Healthcare boosts growth prospects.
4. How is global data affecting StockMarketIndia?
International developments, such as the US inflation data and China’s economic policies, heavily influence domestic markets. Investors should stay updated on these indicators.
| Company Name | Bonus Ratio | Record Date | Ex Date |
|---|---|---|---|
| Bharat Seats | 1:1 | 06-Dec-2024 | 20-Dec-2024 |
| Rajeshwari Cans | 1:1 | 06-Dec-2024 | 19-Dec-2024 |
| Sky Gold | 9:1 | 04-Dec-2024 | 16-Dec-2024 |
Pro Tips for Investors
- Diversify Your Portfolio: Spread investments across sectors to mitigate risks.
- Monitor Key Data: Stay tuned to domestic and global economic indicators.
- Long-Term Perspective: Despite daily fluctuations, long-term investments often yield better returns.
| Company Name | Record Date | Split Date | FV Before | FV After |
|---|---|---|---|---|
| Shradha AI Tech | 10-Dec-2024 | 10-Dec-2024 | 5 | 2 |
| Global Education | 10-Dec-2024 | 10-Dec-2024 | 5 | 2 |
| Shradha Infrapr. | 10-Dec-2024 | 10-Dec-2024 | 5 | 2 |
| Achyut Healthcar | 10-Dec-2024 | 10-Dec-2024 | 10 | 1 |
| Eraaya Lifespace | 06-Dec-2024 | 06-Dec-2024 | 10 | 1 |
| Consecutive In&T | 06-Dec-2024 | 06-Dec-2024 | 10 | 1 |
Conclusion: StockMarketIndia
Today’s stock market session reflected a mix of global influences and domestic cues, ending on a cautious yet steady note. While sectors like realty and IT showed promise, profit-booking in other areas kept gains in check. With critical economic data releases and global developments on the horizon, markets are likely to remain volatile. Investors should stay informed and focused on long-term opportunities while keeping an eye on key indicators and top-performing sectors.