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Indian Indices

I) Nifty: opened at 24297 and touched a high of 24394 then a low of 24149 and closed at 24198 with a total of -137 points in Negative.

II) Bank Nifty: open 52696 and touched a high of 52827 then a low of 52010 and closed at 52139 With a total of -695 points Negative.

III) Fin Nifty: open 24441 and touched a high of 24512 then a low of 24140 and closed at 24198 With a total of -300 points in Negative.

IV) Nifty Mid Select: open 13084 and touched a high of 13112 then a low of 12991 and closed at 13031, With a total of -166 points in Negative.

NSE Advance and Decline

Nifty 500 Top Gainer

Craftsman Automation has been upgraded to a 'Hold' rating by MarketsMojo as of December 17, 2024. The company reports a high Return on Capital Employed (ROCE) of 16.89% and significant long-term growth in net sales and operating profit. However, it has experienced a 16.1% profit decline over the past year.

Bharti Hexacom witnessed a remarkable surge in its share price, climbing by 8.43% to reach an all-time high of Rs. 1606.2. This significant increase is particularly noteworthy as it follows a period of volatility in the stock market, highlighting the resilience of Bharti Hexacom amidst broader market challenges. Investors are keenly observing this uptick, which has prompted discussions about potential target prices and the underlying reasons for this bullish trend.

Nifty 500 TOP LOSER

Piramal Enterprises' shares dipped 2.3% after the company announced plans for a public issuance of non-convertible debentures (NCDs). The decision will be finalized at a board meeting on Friday. While the stock has performed well over the past year and YTD, it's seen a slight decline recently and is currently trading below its 10-day EMA but above other key EMAs.

NMDC said it has fixed Friday, 27th December 2024, as the ‘Record Date’ to determine the eligibility of shareholders for issuance of the said Bonus Shares.

PVR Inox experienced a notable decline in stock performance on December 18, 2024, with a drop of 5.09%, underperforming its sector. The stock reached an intraday low of Rs 1413.05 and is trading below all major moving averages, contrasting with the Sensex's modest decline of 0.64%.

Sectoral Performance

Outperforming stocks vs nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

Sectoral Highlights:

• Financials: The sector declined by 0.9%, with HDFC Bank shares falling 1% following a regulatory warning regarding disclosure practices.
• Energy: Reliance Industries shares decreased by over 1%, impacting the energy sector's performance.
• Information Technology: IT firms saw a 0.4% decline, as investors awaited the U.S. Federal Reserve's policy meeting for cues on future rate cuts.

Broader Market Indicators:

• Market Breadth: The market breadth favored sellers, with 1,544 stocks advancing, 2,319 declining, and 90 remaining unchanged on the BSE.
• Broader Indices: Both BSE MidCap and SmallCap indices mirrored the benchmarks, closing 0.65% and 0.52% lower, respectively.

Currency Market:

• Indian Rupee: The rupee reached a record low, closing at 84.90 against the U.S. dollar, pressured by a widening trade deficit and weakness in local equities.

Global Influences:

Investor sentiment was cautious ahead of the U.S. Federal Reserve's monetary policy meeting, with expectations of a 25 basis points rate cut. Additionally, a record trade deficit in November, driven by increased gold imports, added to the market's concerns. indicators.

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