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Indian Indices

I) Nifty: opened at 24584 and touched a high of 24624 then a low of 24303 and closed at 24336 with a total of -332 points in Negative.

II) Bank Nifty: open 53394 and touched a high of 53515 then a low of 52704 and closed at 52834 With a total of -746 points Negative.

III) Fin Nifty: open 24776 and touched a high of 24821 then a low of 24449 and closed at 24498 With a total of -358 points in Negative.

IV) Nifty Mid Select: open 13220 and touched a high of 13238 then a low of 13066 and closed at 13091, With a total of -166 points in Negative.

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

On Tuesday, December 17, 2024, Indian stock markets experienced a downturn, with benchmark indices declining due to losses in financials and Reliance Industries, amid investor anticipation of the U.S. Federal Reserve's upcoming monetary policy meeting.

Market Performance:

• NSE Nifty 50: Fell by 0.8% to 24,470.1 points.
• BSE Sensex: Decreased by 0.83% to 81,075.43 points.

Sector Highlights:

• Financials: The sector declined by 0.9%, influenced by a 1% drop in HDFC Bank's shares following a regulatory warning regarding its disclosure practices.
• Energy: Reliance Industries, a significant player in the energy sector, saw its shares decrease by over 1%, contributing to a 1.04% fall in the energy index.
• Information Technology: IT firms experienced a 0.4% decline as investors awaited the Federal Reserve's policy decision.

Notable Movements:

• HDFC Bank: Shares dropped by 1% after receiving a warning letter from the market regulator concerning non-compliant disclosures related to a senior employee's resignation.
• Reliance Industries: Shares declined by more than 1%, impacting the overall market sentiment.
• Zomato: Shares climbed nearly 3% following a brokerage's projection of significant inflows as the company prepares to enter the BSE Sensex index on December 23.

Economic Indicators:

Investor sentiment was further dampened by data indicating that India's trade deficit widened to a record level in November, raising concerns about the country's economic outlook.

Overall, the market's cautious stance reflects a combination of domestic challenges and global economic uncertainties, with investors closely monitoring upcoming policy decisions and economic indicators.

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