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Table of Contents
Indian Indices
I)Nifty: opened at 24753 and touched a high of 24781 then a low of 24601 and closed at 24668 with a total of -100 points in Neagative.
II) Bank Nifty: open 53502 and touched a high of 53738 then a low of 53335 and closed at 53581 With a total of -2.45 points Negative.
III) Fin Nifty: open 24846 and touched a high of 24931 then a low of 24755 and closed at 24857 With a total of -23 points in Negative.
IV) Nifty Mid Select: open 13174 and touched a high of 13219 then a low of 13143 and closed at 13207 , With a total of +72 points in Positive
NSE Advance and Decline
Nifty 500 Top Gainer
Nifty 500 TOP LOSER
Sectoral Performance
Outperforming stocks vs nifty 500over 1 week
Underperforming Stock vs Nifty 500over 1 week
Stock With Rising Volume
Headlines
On December 16, 2024, Indian stock markets experienced a downturn, influenced by declines in major financial and IT stocks, as investors remained cautious ahead of the U.S. Federal Reserve's anticipated interest rate decision later this week.
Market Indices:
Nifty 50: Declined by 0.5%, closing at 24,652.
BSE Sensex: Fell by 0.47%, ending at 81,748.57.
Sector Performance:
Information Technology (IT): The IT sector, which earns a significant portion of its revenue from the U.S., decreased by 0.4%. Tata Consultancy Services (TCS) shares dipped by 0.5%.
Financials: HDFC Bank, a heavyweight in the financial sector, declined by 0.5%, contributing to a 0.2% drop in the financial index.
Metals: The metals sector slipped by 0.6%, tracking weak global prices and economic concerns in China. Notable declines included Tata Steel and JSW Steel, each falling by about 1%.
Notable Stock Movements:
Bajaj Finserv Ltd.: Shares slightly declined by 0.42% to ₹1,672.55, yet outperformed some competitors. MarketWatch
Reliance Industries Ltd.: Shares fell by 0.42% to ₹1,268.05, remaining ₹340.90 below its 52-week high of ₹1,608.95. MarketWatch
Maruti Suzuki India Ltd.: Shares decreased by 0.09% to ₹11,267.20, underperforming compared to some competitors. MarketWatch
Dr. Reddy's Laboratories Ltd.: Shares rose by 1.89% to ₹1,269.90, outperforming the broader market. MarketWatch
UltraTech Cement Ltd.: Shares dropped by 1.29% to ₹11,936.40, underperforming the market. MarketWatch
Hindustan Unilever Ltd.: Shares dipped by 0.98% to ₹2,365.95, yet outperformed some competitors. MarketWatch
Bharti Airtel Ltd.: Shares fell by 1.16% to ₹1,662.40, underperforming the market. MarketWatch
Tech Mahindra Ltd.: Shares declined by 1.11% to ₹1,776.60, underperforming compared to some competitors. MarketWatch
Infosys Ltd.: Shares decreased by 1.01% to ₹1,979.65, yet outperformed some competitors. MarketWatch
Axis Bank Ltd.: Shares rose by 0.17% to ₹1,150.55, outperforming some competitors.
Asian markets also faced declines following China's lackluster economic data for November, with notable drops in retail sales, factory output, and home sales. The Hang Seng in Hong Kong lost 0.9%, and the Shanghai Composite dropped 0.2%.
Investors are keenly awaiting the U.S. Federal Reserve's monetary policy decision on Wednesday, with a 25-basis-point rate reduction almost certain, as indicated by a 97% probability.
Techpreneur and adept trader, Sauravsingh Tomar seamlessly blends the worlds of technology and finance. With rich experience in Forex and Stock markets, he's not only a trading maven but also a pioneer in innovative digital solutions. Beyond charts and code, Sauravsingh is a passionate mentor, guiding many towards financial and technological success. In his downtime, he's often found exploring new places or immersed in a compelling read.
