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Stock Market – Nifty, Sensex End December Series on Strong Note, Helped by Bharti Airtel and SBI

Stock Market HIGHLIGHTS Bulls helped Indian frontline indices S&P BSE Sensex, and NSE Nifty50 get back to the green in the last hour of trading. Sensex closed at 61.133.88, an increase of 223.60 points, or 0.37 percent,

while the wider market Nifty50 closed with 18,191, an increase of 68 points, or 0.38 percent. Nifty Bank, the banking gauge, finished at 424 points, or 0.99 percent higher at 43.252.35.

Takeaways from the day’s action:

1) Nifty traded in a 237 point range, while Sensex traded in 730 points. Both benchmarks opened in red and traded in narrow ranges for the majority of the trading session. Bulls recovered in the last hour to provide a positive close, ending a losing streak of two days. As buying resumed, market breadth improved towards end. Bharti Airtel shares and State Bank of India’s (SBI) shares led the recovery.

2) 33 of the 50-stock Nifty’s top gainers advanced. Bharti Airtel and Eicher Motors were the top gainers, Tata Steel, Tata Steel, SBI and Axis Bank were top losers, as were Apollo Hospitals and Tata Motors.

Stock Market
Stock Market

3) Five of the 15 Nifty sectoral indexes ended in the green. Nifty Metal (+0.67%) banks and select large-cap IT stocks such as HCL Tech and Wipro were the top gainers. Nifty FMCG and Nifty Realty were the worst-performing indices.

4) Stock-specific action was observed in the broader markets. The 100-stock Nifty Mid Cap100 saw 56 advances, 42 advancements, and 2 unchanged. Adani Wilmar and Max Healthcare were the top gainers, while Federal Bank, Shriram Finance and Page Industries were the top losers. The 100-stock Small Cap Index saw 41 advances, 57 declines, and 2 unchanged. Aeigis Logistics, KEC International and Indiabulls Housing Finance were the top gainers, while Amara Raja Batteries and Easy Trip were the top losers.

5) India VIX is a measure for volatility in Nifty. It ended 1.39 percent lower at 15.18.

KFin Technologies stock was today listed on the NSE at a premium price of Re 1. To raise Rs 1500 crore, the IPO was launched with a price of Rs 366. The stock closed at Rs 364.40, and was down Rs 1.60. The stock traded briefly in the green on an intraday basis. It was subscribed 2.59 Times.

Also Read This: How To Earn Money Online Without Investment In 2023.

7) Of the 3,628 stocks traded on BSE there were advances in 1,872 scrips and declines in 1,607. 149 stocks remained the same. 77 stocks reached their 52-week highs, while 44 stocks reached their 52 week lows.

8) Singapore’s SGX Nifty, which is based in Singapore, has recovered its early losses and is now trading positively. It was 0.49 percent higher at 18,280, up 88 points. Dow Futures traded at 32,925.50 up 49 points or 0.15 percent.

9) The losses of the Asian frontline indexes Nikkei225 and Shanghai Composite were recorded on Thursday. The former was down almost 250 points, or 1 percent, at 26,093.70. However, the latter was down 13 points, or 0.44 percent, at 3073.70.

PTI reported that the rupee settled in a narrow range at 82.82 (provisional), against the US dollar on Thursday. Anil Kumar Bhansali Head of Treasury at Finrex Treasury Advisors LLP stated that the Dollar Index was stable while Asian currencies, including IDR, which had weakened during the morning, had all gained by day’s end. “Premiums fell as the RBI appeared to be absent in forward market. 1.5% was traded. Bhansali stated that the expected range for tomorrow, when we might expect to see some outflows, is 82.50 to 83.000.”

11) Bullion was also trading in a lackluster manner at the time this report was filed. MCX February gold futures were trading at Rs 55744 per 10 grams and were down Rs 17 or 0.03 percent. In the meantime, March Silver futures traded at Rs 68995 per kilogram, down by Rs 33% or 0.09 percent.

Amit Kumar
Amit Kumarhttps://trendworldnews.com/
Founder of Trend World News and I am a professional blogger, web design and SEO analyst, blog content writer, and social media specialist. With a BCA degree, they bring technical expertise and a passion for creating captivating online experiences. Their skills in web design, SEO, and content writing drive organic traffic and engage readers. As a social media specialist, they enhance brand visibility and foster connections with audiences. Continuously learning and staying up-to-date, I delivers exceptional results in the ever-evolving digital landscape.
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