The Stock Market India witnessed a volatile session today but ended on a positive note. Key indices like Sensex and Nifty made significant gains, driven by a strong recovery in various sectors. Let’s delve into the day’s highlights, sectoral performances, and the factors influencing market movements.
Market Highlights
- Sensex Performance: The S&P BSE Sensex surged 843.16 points (1.04%) to close at 82,133.12.
- Nifty Movement: The Nifty 50 index gained 219.60 points (0.89%) to finish at 24,768.30. The index’s intraday low was 24,180.80.
- Sectoral Winners: FMCG and consumer durables emerged as top-performing sectors.
- Top Gainers: Bharti Airtel (+4.39%), ITC (+2.07%), and ICICI Bank (+1.22%).
- Mid- and Small-Cap Underperformance: The S&P BSE Mid-Cap index fell 0.08%, while the Small-Cap index declined by 0.29%.
- Market Breadth: A negative breadth with 1818 stocks advancing and 2173 declining on the BSE. A total of 114 shares remained unchanged.
Numbers to Track
| Category | Details |
|---|---|
| Sensex | 82,133.12 (+1.04%) |
| Nifty 50 | 24,768.30 (+0.89%) |
| India VIX | 13.05 (-1.04%) |
| 10-Year Bond Yield | 6.844% (+1.60%) |
| INR vs. USD | 84.8350 (-0.02%) |
| MCX Gold (Feb) | ₹77,415 (-0.71%) |
| Brent Crude (Feb) | $74.01/barrel (+0.82%) |
Sectoral Performance
FMCG
FMCG shares led the rally today with the Nifty FMCG index rising by 1.29%. A combination of easing food inflation and price hikes by companies supported the momentum. Key performers:
- ITC (+2.26%)
- Hindustan Unilever (+1.97%)
- Nestle India (+1.39%)
Consumer Durables
Consumer durables gained traction, backed by strong demand trends in the festive season.
Energy
While global crude oil prices saw an uptick, energy stocks exhibited mixed performances. Brent crude prices increased by $0.60 (+0.82%) to $74.01 per barrel.
Stocks in Spotlight
- Bharti Airtel: Surged by 4.39%, leading the rally in telecom stocks.
- Siyaram Silk Mills: Jumped 15.78% following the launch of Cadini Italy Perfumes in India.
- SpiceJet: Gained 1.38% after clearing employee provident fund dues worth ₹160.07 crore.
- Ambuja Cements: Ended flat after successfully commissioning its 200 MW solar power project.
- Tata Motors: Rose 0.55%, announcing a 2% price hike on commercial vehicles effective January 2025.
Global Market Overview
Asia
Asian markets ended mixed as investors awaited policy decisions from major central banks. China’s leadership announced fresh stimulus measures to stabilize economic growth.
Europe
European indices moved higher, supported by ECB’s rate cut of 25 basis points to 3%. The Swiss National Bank (SNB) reduced its rates more aggressively, cutting by 50 basis points.
United States
US markets closed lower yesterday, with the Dow Jones falling 0.53%, S&P 500 losing 0.54%, and NASDAQ shedding 0.65%. Rising inflationary pressures weighed on investor sentiment.
IPO Updates
Several IPOs concluded today, garnering strong investor interest:
| Company Name | Subscription Status | Price Band (₹) | Closing Date |
| One MobiKwik Systems | 119.33x | 265-279 | 13-Dec-2024 |
| Vishal Mega Mart | 27.27x | 74-78 | 13-Dec-2024 |
| Sai Life Sciences | 10.26x | 522-549 | 13-Dec-2024 |
| Inventurus Knowledge Solutions | 2.65x | 1,265-1,329 | 16-Dec-2024 |
| International Gemmological Institute | 0.17x | 397-417 | 17-Dec-2024 |
What Are the Top Stocks to Watch Today?
- Bharti Airtel: Strong growth momentum with significant gains in telecom.
- Tata Motors: Positive outlook with price hikes announced.
- CRISIL: Up by 5.41% after a strategic stake acquisition.
- ITC: Continued demand in FMCG, buoyed by easing inflation.
FAQs: StockMarketIndia Insights
Q1: What contributed to today’s market rally?
A: Gains in FMCG and consumer durables sectors, easing inflation, and positive global cues drove the rally.
Q2: Why did mid-cap and small-cap indices underperform?
A: Profit booking and sector-specific challenges led to subdued performances.
Q3: How did global markets impact Indian stocks?
A: Global cues like rate cuts by ECB and SNB, and stimulus announcements in China influenced investor sentiment positively.
Q4: What’s the outlook for Bharti Airtel?
A: With a 4.39% surge, the stock reflects strong investor confidence, making it a potential outperformer.
| Company Name | Record Date | Split Date | FV Before | FV After |
|---|---|---|---|---|
| Mazagon Dock | 27-Dec-2024 | 27-Dec-2024 | 10 | 5 |
| Linc | 20-Dec-2024 | 20-Dec-2024 | 10 | 5 |
| Shish Industries | 17-Dec-2024 | 17-Dec-2024 | 10 | 1 |
| PC Jeweller | 16-Dec-2024 | 16-Dec-2024 | 10 | 1 |
| Exxaro Tiles | 13-Dec-2024 | 13-Dec-2024 | 10 | 1 |
Conclusion
Today’s market session highlighted resilience amidst volatility. The recovery in key indices like Sensex and Nifty underscores optimism in the Indian economy, supported by easing inflation and sectoral strength in FMCG and telecom. Keeping an eye on global market trends and economic policies will be crucial for upcoming sessions.
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