The Stock Market India: Daily Stock Market Updates (11-Dec-2024) closed Wednesday’s session with marginal gains. The Nifty 50 index managed to hold above the 24,600 mark, supported by buying in consumer durables and FMCG stocks. However, selling pressure in banking stocks limited the upside.
Key Highlights of the Day for Stock Market India:
- Indices Movement:
- Sensex closed 16.09 points higher at 81,526.14 (+0.02%).
- Nifty 50 rose 31.75 points to 24,641.80 (+0.13%).
- Broader Markets:
- BSE Mid-Cap index increased by 0.25%.
- BSE Small-Cap index rose by 0.35%.
- Volatility Index:
- NSE’s India VIX dropped 3.70% to 13.27, reflecting reduced market volatility.
- Global Cues:
- European markets advanced.
- Asian markets ended mixed.
- Upcoming Events:
- US inflation data due later today.
- India’s CPI data expected tomorrow.
- FOMC meeting scheduled for December 17-18.
Stock Market India Snapshot
Here is a detailed summary of today’s market performance:
| Index/Asset | Current Value | Change | % Change |
|---|---|---|---|
| Sensex | 81,526.14 | +16.09 | +0.02% |
| Nifty 50 | 24,641.80 | +31.75 | +0.13% |
| Nifty Bank | 56,872.90 | -84.20 | -0.15% |
| BSE Mid-Cap Index | 30,412.30 | +76.03 | +0.25% |
| BSE Small-Cap Index | 36,231.45 | +126.84 | +0.35% |
| India VIX | 13.27 | -0.51 | -3.70% |
Stock Market India Numbers to Track:
- 10-Year Bond Yield: Increased by 0.22% to 6.829%.
- Rupee vs. Dollar: The rupee appreciated slightly to 84.8350 from 84.8550.
- Gold: MCX Gold futures for February shed 0.01% to Rs 78,321.
- Brent Crude Oil: Rose 0.96% to $72.88 per barrel.
- US Dollar Index (DXY): Up by 0.31% to 106.73.
Stock Market India Sectoral Performance
| Sector | Performance |
| Consumer Durables | Strong buying seen |
| FMCG | Positive movement |
| Banking | Selling pressure |
| IT | Mild gains |
| Auto | Mixed performance |
Stock Market India Stocks in Spotlight:
- Swiggy: Fell 3.84% to Rs 522.70 as the lock-in period for anchor investors ended.
- Dee Development Engineers: Gained 2.02% on securing a $16.5 million purchase order.
- Aurionpro Solutions: Surged 7.78% after landing a major Saudi bank deal.
- PNC Infratech: Jumped 11.95% as its subsidiary achieved a provisional completion certificate for a highway project.
- Saakshi Medtech and Panels: Hit a 10% upper circuit after securing a Rs 250 crore order from Mahindra & Mahindra.
IPO Update
- One MobiKwik Systems:
- Subscribed 7.31 times on Day 1.
- Price band: Rs 265 to Rs 279.
- Closes on December 13.
- Vishal Mega Mart:
- Subscribed 0.51 times.
- Price band: Rs 74 to Rs 78.
- Sai Life Sciences:
- Subscribed 0.84 times.
- Price band: Rs 522 to Rs 549.
Global Markets
- Europe: Most indices gained amid optimism ahead of US inflation data.
- Asia: Mixed performance as China prepared for its annual economic work conference.
- US: Technology stocks dragged the market lower, with the S&P 500 and NASDAQ closing in the red for the second consecutive day.
FAQs: Stock Market India Insights
1. Why did the market end flat today?
The market remained flat as investors exercised caution ahead of key economic data releases, including US inflation and India’s CPI figures.
2. What is India VIX, and why is it significant?
India VIX measures market volatility expectations. A lower VIX indicates reduced fear and higher investor confidence, as seen today.
3. What are the top sectors to watch in the coming days?
Consumer durables, FMCG, and IT sectors showed resilience and could continue their upward momentum.
4. Which stocks performed exceptionally today?
Aurionpro Solutions, PNC Infratech, and Saakshi Medtech were among the top gainers, while Swiggy faced selling pressure.
5. When is the next critical market event?
The US inflation data later today and the FOMC meeting next week are key events that could impact market trends.
What Are the Top Stocks to Watch Today?
- Aurionpro Solutions: A strong rally after securing a significant deal.
- Shakti Pumps: Positive sentiment from a massive Rs 754 crore order.
- PNC Infratech: Gained investor confidence with a completed highway project.
- Saakshi Medtech: Continued upward momentum after bagging a major order.
- Dee Development Engineers: A reliable choice following its international purchase order.
Stock Market India Conclusion
The stock market witnessed a cautious but positive day, with the Nifty holding the 24,600 mark. Investors should closely watch upcoming economic events and maintain a diversified portfolio. Stay tuned to Stock Market India for the latest updates and insights into the world of finance and investments.