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Table of Contents
Indian Indices
I)Nifty: opened at 23796 and touched a high of 23,915, then a low of 23599 and closed at 23644 with a total of -50 points in Negative.
II) Bank Nifty: opened at 51255 and touched a high of 51979, then a low of 50718, and closed at 50952 with a total of -55 points Negative.
III) Fin Nifty: opened at 23757 and touched a high of 24047, then a low of 23497, and closed at 23568, with a total of -70 points in Negative.
IV) Nifty Mid Select: open 12780 and touched a high of 13014, then a low of 12702, and closed at 12987, With a total of +0 points in Positive.
NSE Advance and Decline
Nifty 500 Top Gainer Market
ITI: Ltd., a key player in the telecommunication equipment sector, rose by 6.27% on December 30, 2024, outperforming its sector by 1.75%. The stock reached an intraday high of Rs 334.35 and has gained 22.48% over the past month despite the Sensex's decline.
AstraZeneca: experienced a 7.34% increase in stock price on December 30, 2024, outperforming its sector by 1.47%. The stock has gained 2.05% over two days and is above its 5-day and 200-day moving averages but below the 20-day, 50-day, and 100-day averages.
Nifty 500 TOP LOSER Market
Thermax Ltd:-Ltd. Saw a decline of 3.39% on December 30, 2024, marking its second consecutive day of losses and a total drop of 6.12%. The stock is trading below all major moving averages and has decreased 7.37% over the past month, contrasting with a minimal change in the Sensex.
Balaji Amines:- stock fell by 5.22% on December 30, 2024, reaching a 52-week low of Rs. 1850.4. The company has underperformed its sector by 2.93% and has declined 4.62% over the past two days. In the last month, the stock decreased by 10.81%, contrasting with a 2.05% drop in the Sensex.
Sectoral Performance
Outperforming stocks vs. nifty 500over 1 week
Underperforming Stock vs Nifty 500over 1 week
Stock With Rising Volume
Headlines
On December 30, 2024, Indian stock markets experienced a downturn, with the BSE Sensex declining by 450.94 points (0.57%) to close at 78,248.13 and the Nifty 50 dropping 168.5 points to end at 23,645.
Information Technology (IT): IT stocks, heavily reliant on U.S. revenues, were among the top losers, contributing significantly to the market's decline. Reuters
Automobile: The auto sector also faced losses, with investors awaiting monthly sales data. Reuters
Notable Stock Movements:
Hindustan Unilever Ltd.: Shares increased by 0.17% to ₹2,344.30, outperforming the broader market. MarketWatch
Dr. Reddy's Laboratories Ltd.: Shares fell by 0.85% to ₹1,377.55, underperforming compared to some competitors. MarketWatch
Bajaj Finserv Ltd.: Shares declined by 0.17% to ₹1,575.95 but outperformed some sector peers. MarketWatch
Power Grid Corporation of India Ltd.: Shares decreased by 0.39% to ₹308.35, yet outperformed the broader market. MarketWatch
Corporate Developments:
Adani Group: Announced plans to sell its 44% stake in Adani Wilmar to joint venture partner Wilmar International for ₹123.14 billion ($1.44 billion), aiming to comply with public shareholding norms and refocus on core infrastructure sectors. Reuters
Market Outlook:
Analysts anticipate subdued market performance soon, pending new data and quarterly earnings reports.
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.
