Sensex falls 169 pts, Nifty holds 21,400 as indices pause rally; banks weak

Closing Bell on Monday December 18: In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory

Stock market highlights: Benchmark indices settled near the day's low level as investors booked profit after seven straight weekly gains. 

The S&P BSE Sensex closed at 71,315 levels, down 169 points or 0.24 per cent, while the Nifty50 ended at 21,419, down 38 points or 0.18 per cent. 

Power Grid, ICICI Bank, JSW Steel, ITC, Infosys, M&M, Axis Bank, Tech M, IndusInd Bank, NTPC, and Ultratech Cement weighed on the frontline indices as they fell up to 2 per cent. 

In the broader markets, however, the BSE MidCap and SmallCap indices shut shop in the positive territory, rising 0.28 per cent and 0.48 per cent, respectively. 

Among sectors, the Nifty Media and Pharma indices gained 1 per cent each, while the Nifty Realty index fell by the same percentage. 

3:56 PM

COMMENT:: Markets likely to consolidate in the near term

"The market started on a subdued note as concerns over oil supply disruptions through the Red Sea and elevated valuations dented investor sentiment. On the global front, attention will be directed towards BoJ monetary policy and UK inflation data. We expect a near-term consolidation in the market due to an unfavourable risk reward after the recent rapid performance, concerns over El Nino, and a slowdown in world GDP."

 

- Vinod Nair, Head of Research at Geojit Financial Services

3:52 PM

Market breadth was positive; 2,170 stocks advanced v/s 1,717 declining shares on the BSE

3:51 PM

BSE Smallcap Heatmap:: SpiceJet zooms almost 20%; Geojit, RIIL, KellonTech other top movers

3:49 PM

BSE Midcap Heatmap:: IRCTC zooms 13%; Union Bank drops 4%

3:47 PM

Sectoral Check:: Realty index slips 1% on profit-taking; Godrej Properties sheds 3%

3:45 PM

Broader Market Check:: SmallCaps outperform; India Vis rises 6%

3:43 PM

Nifty 50 Losers:: Power Grid slips over 2%; ITC, Tech Mahindra, ICICI Bank dip 1%

3:41 PM

Nifty 50 Gainers:: Bajaj Auto rallies 3%; Hindalco, Sun Pharma gain 1.5%

3:39 PM

Sensex 30 Heatmap:: 10 Gainers v/s 20 Losers

3:38 PM

CLOSING BELL:: NSE Nifty50 settles with a loss of 38 pts at 21,419

3:36 PM

CLOSING BELL:: S&P BSE Sensex ends 169 pts lower at 71,315

3:25 PM

Global check:: US stock futures marginally up

Source: Investing.com

3:16 PM

Sugar output down 11% at 7.4 mn tonne during Oct 1-Dec 15 of 2023-24

Indian mills produced 7.4 million metric tons of sugar between Oct. 1 and Dec. 15, a 10.7% fall from the previous year, as many mills in Maharashtra and Karnataka started operations nearly a fortnight late this year, a leading trade body said on Monday.  READ MORE

3:05 PM

ALERT:: Aurionpro Solutions inks pact for innovative in-bus solutuons; stock hits 5% upper limit

Aurionpro Transit, an Aurionpro company, a provider of smart ticketing and payment solutions for transit, announced its partnership with Vix Technology.

 

As part of this collaboration, Aurionpro Transit will design and develop state-of-the-art All-in-One Driver Console (DC120) and Mobile Data Terminal (MDT10), innovative in-bus solutions which will streamline transit operations by providing a central on-vehicle hub for various functions from ticketing to communications., the company said in an exchange filing.

 

2:51 PM

ALERT:: Fedbank Financial Q2 net rises 25%; stock down 1%

Recently listed Fedbank Financial Services today reported a 25.1 per cent growth in Q2 net profit at Rs 57.76 crore for the quarter ended September 2023 when compared with Rs 46.16 crore in the year ago period. Total income rose by 35.8 per cent YoY to Rs 397.95 crore from Rs 293.09 crore.