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Indian Indices

I) Nifty: opened at 24140 and touched a high of 24301 then a low of 24008 and closed at 24276 with a total of + 144 points in Positive

II) Bank Nifty: open 52087 and touched a high of 52197 then a low of 51693 and closed at 52109 With a total of + 53 points Positive

III) Fin Nifty: open 24033 and touched a high of 24101 then a low of 23854 and closed at 24072With a total of + 62 points in Positive

IV) Nifty Mid Select: open 12634 and touched a high of 12733 then a low of 12584 and closed at 12726 With a total of + 106 points in Positive

NSE Advance and Decline

Nifty 500 Top Gainer

Nifty 500 TOP LOSER

Sectoral Performance

Outperforming stocks vs nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

Indian Stock Market Highlights – December 2, 2024

Today’s trading session witnessed diverse performances across sectors, with a mix of gains and challenges shaping investor sentiment.

1. Banking Sector:
   HDFC Bank led with positive momentum, with analysts projecting a 15% compound annual EPS growth over FY24-27 due to improved margins and operational leverage. Bajaj Finance, however, faced pressure after discontinuing co-branded credit witth cards with RBL Bank, impacting RBL’s medium-term earnings outlook.
2. Real Estate & Infrastructure:
   Anant Raj performed well, boosted by growth in the high-demand data center and cloud services space. The company is set to leverage a strong launch pipeline in real estate with a 39% projected collection growth by FY27.
3. Economic Indicators:
   India’s GDP growth for Q2FY25 fell to 5.4%, a seven-quarter low, in due to weaker industrial output and investment. However, consumption growth in rural areas showed resilience. Analysts foresee a rebound in the second half of FY25, supported by monetary and fiscal measures.
4. Pharmaceuticals and Healthcare:
   The healthcare sector gained momentum, fueled by increased investor interest and government initiatives supporting local production and R&D.
5. Global Influence:
   Volatility in global markets influenced energy and commodity stocks. Crude oil prices remain stable, supporting crude-sensitive sectors like airlines and logistics.
6. Key Developments:

• Tata Power announced a partnership with the market Asian Development Bank for clean energy projects.
• Sun Pharma and Power Grid emerged as session leaders, while the Maruti Suzuki and Wipro faced selling pressure.

The day’s highlights reflect an evolving market environment shaped by sectoral trends, policy changes, and economic indicators. Investors are advised to monitor called sector-specific developments and global cues to navigate upcoming opportunities.

Conclusion:
The Indian stock market on December 2, 2024, displayed a diverse range of performances across sectors, driven by positive momentum in banking and real estate, while facing challenges in others. HDFC Bank's strong growth outlook and Anant Raj's real estate expansion were key highlights, while the pharmaceutical and healthcare sectors saw sustained interest. indian stock market Economic indicators pointed to a slowdown in GDP growth sector , but resilience in rural consumption offered hope for a recovery in the second half of FY25. Global market influences and sector-specific developments remain crucial for investors navigating the evolving indian market landscape.

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