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Indian Indices

I) Nifty: opened at 24498 and touched a high of 24792 then a low of 24180 and closed at 24768 with a total of +219 points in Positive.

II) Bank Nifty: open 53109 and touched a high of 53654 then a low of 52264 and closed at 53583 With a total of +367 points Positive.

III) Fin Nifty: open 24688 and touched a high of 24911 then a low of 24276 and closed at 24880 With a total of +153 points in Positive

IV) Nifty Mid Select: open 13043 and touched a high of 13144 then a low of 12872 and closed at 13134,With a total of +83 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 markets faced a notable decline on December 13, 2024, as concerns over global inflation, subdued economic sentiment, and a lack of significant stimulus measures from China weighed on investor confidence. Both major indices, the Nifty 50 and BSE Sensex, ended the day over 1% lower, reflecting widespread selling pressure across sectors.

Key Indices Performance

• Nifty 50:
  The benchmark index fell by 1.21%, closing at 24,251 points, marking a significant drop as investors responded to economic headwinds and global uncertainties.
• BSE Sensex:
  The Sensex mirrored Nifty's performance, declining by 1.21% to end at 80,315.55 points. Weakness in heavyweight sectors, including metals and FMCG, contributed to the market's overall decline.

Sectoral Highlights

1. Metal Stocks:
   The Nifty Metal index experienced the sharpest decline of the day, falling by 2.3%. This drop was largely attributed to the stronger U.S. dollar, which impacted commodity prices, and underwhelming announcements from China's Central Economic Work Conference regarding fiscal stimulus. Key stocks like Tata Steel and JSW Steel witnessed notable losses.
2. FMCG Sector:
   The FMCG index was down by 1%, driven by rising inflation in both rural and urban areas, which raised concerns about slowing consumer demand and its impact on corporate earnings. Stocks like Hindustan Unilever and ITC were among the laggards.
3. IT Sector:
   While the broader market struggled, the IT sector displayed mixed performance. HCL Technologies stood out, reaching a new 52-week high, while other IT giants remained flat or saw slight declines.

Notable Corporate Movements

1. ICICI Bank Ltd.:
   Shares of ICICI Bank rose by 1.22% to ₹1,345.10, outperforming the broader market as investors showed confidence in its robust financials and growth prospects.
2. Reliance Industries Ltd.:
   Reliance Industries' stock increased by 0.75% to ₹1,273.35. However, it underperformed compared to other gainers due to profit booking after recent rallies.
3. HCL Technologies Ltd.:
   The stock climbed 1.69% to ₹1,968.30, touching a new 52-week high. Strong quarterly earnings and a positive outlook on AI-related projects bolstered investor sentiment.
4. Titan Co. Ltd.:
   Titan saw its stock rise by 1.80% to ₹3,509.05, driven by robust retail demand during the festive season and a positive growth outlook in the jewelry segment.
5. IndusInd Bank Ltd.:
   Shares fell by 1.09% to ₹987.05, underperforming the market due to concerns over rising provisioning requirements and slowing loan growth.
6. Maruti Suzuki India Ltd.:
   Maruti Suzuki's stock rose by 1% to ₹11,277.05, but it remained below its 52-week high as investors awaited further clarity on the company's growth trajectory amid increasing competition.

Regulatory Developments

The Securities and Exchange Board of India (SEBI) proposed a new framework to allow retail investors to participate in algorithmic trading through stock brokers. This initiative aims to democratize access to sophisticated trading strategies, previously accessible only to institutional investors, and is expected to enhance market participation and liquidity.

Market Sentiment

The day’s decline was primarily attributed to concerns over:

• Rising Inflation: Both domestic and global inflationary pressures have raised fears of further interest rate hikes, impacting market sentiment.
• Global Cues: Weakness in global markets, particularly in China, influenced by a lack of detailed stimulus measures from its economic conference.
• Profit Booking: Investors preferred to book profits in key sectors, leading to broad-based selling.

Despite these challenges, select sectors like IT and stocks with strong fundamentals, such as HCL Technologies and Titan, managed to provide some support to the market.

Looking Ahead

Investors will closely watch:

• Upcoming macroeconomic data releases, including inflation and industrial production figures.
• Policy announcements from central banks, particularly the U.S. Federal Reserve and Reserve Bank of India.
• Corporate earnings updates to assess growth prospects across sectors.

While the short-term outlook remains cautious due to persistent inflation concerns, market participants remain hopeful for positive developments in the global economic landscape that could provide much-needed relief.

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