Stock Market Highlights: Monday, December 16, 2024
Indian fairness markets closed within the red on Monday, mirroring losses throughout Asian peers. The BSE Sensex slipped 384.55 factors (0.47%) to give up at 81,748.77, shifting inside quite a number 82,116.44 and 81,551.28 at some point during the consultation. The NSE Nifty50 also declined, losing 100.05 points (0.40%) to close at 24,668.25, after hitting a high of 24,781.25 and a low of 24,601.75.
Market sentiment leaned bearish as 36 out of 50 Nifty50 elements ended a decrease. Top losers included Titan, TCS, Hindalco, Adani Ports, and BPCL, with losses of up to 1.93%. On the other hand, Dr. Reddy’s Labs, IndusInd Bank, Bajaj Finance, HDFC Life, and Power Grid were among the 13 gainers, registering gains up to at least 1.90%. ITC became the most effective Nifty50 inventory to stop flat.
Broader markets outperformed the benchmarks, with the Nifty Midcap100 rising 0.77% and the Nifty Smallcap100 up with the aid of 0.64%.
The sectoral overall performance turned into combined. The Nifty Realty index shone, surging 3.10% way to sturdy profits in Oberoi Realty, Prestige Estates, and Macrotech Developers. Other sectors that were inexperienced included media, pharma, and PSU Bank. Meanwhile, Nifty Financial Services, FMCG, IT, Metal, and OMC indices saw declines of as much as 0.97%.
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Disclaimer
The statistics furnished in this news article are for informational features and must no longer be construed as economic recommendations. The inventory marketplace is concerned with dangers, and beyond overall overall performance does not assure destiny outcomes. Always conduct thorough studies and search for advice from an authorized financial advertising representative before making any investment selections.
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