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Indian Indices

I) Nifty: opened at 23877 and touched a high of 24004 then a low of 23870 and closed at 23951 with a total of -241 points in Negative.

II) Bank Nifty: open 51428 and touched a high of 51789 then a low of 51263 and closed at 51575 With a total of -563 points Negative.

III) Fin Nifty: open 23874 and touched a high of 23977 then a low of 23794 and closed at 23906 With a total of -291 points in Negative.

IV) Nifty Mid Select: open 12821 and touched a high of 13037 then a low of 12791 and closed at 13027, With a total of -4.40 points in Negative.

NSE Advance and Decline

Nifty 500 Top Gainer

1. Ipca Labs - As per BSE bulk deal data, the company's promoter Usha M Chandurkar sold 40,00,000 lakh shares for Rs 1,501.52 per share, reducing her holding from 3.27 percent as of September
   
   2. Anant Raj - The company has approved the allotment of 1.37 million fully convertible warrants at an issue price of Rs 730 per warrant, for cash, for an aggregate amount of Rs 100 crore on a preferential basis

Nifty 500 TOP LOSER

1. Triveni Turbine Ltd. experienced a decline of 3.19% on December 19, 2024, with an intraday low of Rs 791.75. Despite this setback, the stock has increased by 15.85% over the past month, outperforming the Sensex's 2.17% gain and remaining above key moving averages.
2. LTI Mindtree's stock fell by 4.67% on December 19, 2024, amid a broader IT sector decline of 2.04%. The stock opened down 3.59% and hit an intraday low of Rs 6215.15. Despite recent losses, it remains above key moving averages and has increased by 6.67% over the past month.
3. Craftsman - The stock of the auto components and equipment company is trading higher for the fifth straight day, surging 23 percent during the period.
4. Jubilant Ingrevia's stock price fell by 5.39% on December 19, 2024, reaching an intraday low of Rs 791.5. The stock underperformed its sector by 6.5%, despite being above several moving averages. Over the past month, it has increased by 18.81%, outperforming the Sensex's 2.14% gain.
5. Cummins India Ltd. 4.19 percent to Rs 3380.05 in Thursday's trade as of 02:12PM (IST) even as the benchmark Nifty ruled at 23961.8, 237.05 points.

Sectoral Performance

Outperforming stocks vs nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

Key Indices Performance:

• NSE Nifty 50: Fell by 1% to close at 23,956 points.
• BSE Sensex: Dropped 1.1%, ending at 79,331 points.

Sectoral Highlights:

• Information Technology (IT): The Nifty IT index declined by 1%, reflecting the sector's sensitivity to U.S. interest rate policies.
• Metals: The Nifty Metal index shed 1.3%, influenced by a strengthening U.S. dollar, which makes dollar-priced commodities more expensive for holders of other currencies.

Notable Stock Movements:

Hindustan Unilever Ltd.: Shares saw a slight increase of 0.11% to ₹2,360.05, bucking the general market trend. MarketWatchtary 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.

Wipro Ltd.: Shares edged up by 0.02% to ₹312.70, outperforming the broader market downturn. MarketWatch

Tech Mahindra Ltd.: Shares declined by 1.32% to ₹1,754.90, aligning with the overall market trend. MarketWatch

HCL Technologies Ltd.: Experienced a 1.32% drop in share price, closing at ₹1,933.35. MarketWatch

Reliance Industries Ltd.: Shares fell by 1.79% to ₹1,230.60, underperforming compared to some of its sector peers. MarketWatch

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