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Table of Contents
Indian Indices
I)Nifty: opened at 23960 and touched a high of 24065 then a low of 23537 and closed at 23587 with a total of -364 points in Negative.
II) Bank Nifty: open 51401 and touched a high of 51629 then a low of 50609 and closed at 50759 With a total of -816 points Negative.
III) Fin Nifty: open 23834 and touched a high of 23958 then a low of 23525 and closed at 23591 With a total of -314 points in Negative.
IV) Nifty Mid Select: open 13065 and touched a high of 13077 then a low of 12658 and closed at 12683, With a total of -344 points in Negative.
NSE Advance and Decline
Nifty 500 Top Gainer
Aegis Logistics' stock rose by 3.11%, outperforming its sector. The stock opened at a 2.18% gain, reaching an intraday high of Rs 777.75. Despite this increase, Aegis Logistics is below several key moving averages and has seen a 5.70% decline over the past month.
Network 18 Media & Investments' stock rose by 5.0% after four days of decline, reaching an intraday high of Rs 72. The company is trading near its 52-week low, just 1.93% above Rs 70.01, and has seen a 12.60% decrease over the past month.
Techno Electric & Engineering Company’s stock rose by 5.68%, reaching an intraday high of Rs 1651, despite a 1.39% decline in the Sensex. The company outperformed the capital goods sector, which fell by 3.68%, and has gained 9.10% over the past month.
BASF India shares surged nearly 9% on December 20 after the company announced the demerger of its agricultural solutions business. The stock, which has gained 78% YTD, reached a high of ₹8,748.10 in October but faced profit bookings in November and December.
Nifty 500 TOP LOSER
Shares of Siemens were sharply lower by over 9% in mid-day trade, after analysts were disappointed by the fine print of the investor call that the company hosted on December 20, which alluded to a stagnant private capex, and concerns regarding supply chain for digital industries.
Torrent Power Ltd. fell as much as 11.6% on Friday, marking their biggest single-day fall in three years. The stock eventually ended with losses of close to 10%.
RBL Bank shares extended their freefall to the seventh consecutive session after losing another 7 percent on December 20. In these seven sessions, the stock has shed 16 percent of its value.
LTIMindtree Ltd., recently excluded from the Nifty 50 index fell another 6% on Friday. With this the stock is down for the fourth day running. Shares had declined 5.5% on Thursday as well.
Sectoral Performance
Outperforming stocks vs nifty 500over 1 week
Underperforming Stock vs Nifty 500over 1 week
Stock With Rising Volume
Headlines
On Friday, December 20, 2024, Indian stock markets experienced a downturn, influenced by global monetary policy signals and sector-specific movements.
Key Indices Performance:
BSE Sensex: Declined by 1.49%, closing at 78,041.59.
Nifty 50: Fell by 1.31%, ending at 23,637.75.
Sector Highlights:
Financials and IT: Both sectors faced declines due to concerns over the U.S. Federal Reserve's projection of fewer rate cuts next year, which dampened foreign investment inflows. Reuters
Pharmaceuticals: Experienced gains, benefiting from favorable export conditions amid a weakened Indian rupee, which hit a record low of 85.10 against the U.S. dollar. Reuters
Notable Stock Movements:
Nestle India Ltd.: Shares inched up 0.12% to ₹2,163.85, outperforming the broader market despite the overall downturn. MarketWatch
Infosys Ltd.: Shares dropped by 1.34% to ₹1,922.05, yet outperformed some competitors like Tata Consultancy Services Ltd. and Wipro Ltd., which saw steeper declines. MarketWatch
Tech Mahindra Ltd.: Experienced a significant decline of 3.97%, closing at ₹1,685.20, underperforming the broader market. MarketWatch
Dr. Reddy's Laboratories Ltd.: Shares rose by 1.24% to ₹1,342.45, outperforming the market on a strong trading day. MarketWatch
Bajaj Finserv Ltd.: Shares fell by 1.33% to ₹1,569.10, underperforming compared to some competitors. MarketWatch
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.
