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Market Close Highlights: Sensex snubs GDP, US tariff threats, ends 445pts up; Mid, SmallCaps shine

Stock Market Highlights: the NSE Nifty50 settled at 24,276.05, up 144.95 points or 0.6 per cent higher from its previous close. The index traded in the range of 24,301.70-24,008.65 today

SI Reporter New Delhi
markets

2 min read Last Updated : Dec 02 2024 | 3:53 PM IST

Key Events

3:53 PM

Stock Market Expert Comments: Further gains likely on Nifty on breakout above 24,420

"Nifty moved up after absorbing the initial weakness, as the index surpassed 24,200. It formed a green candle following a bullish harami pattern on the daily timeframe. The RSI has broken out of its recent consolidation and is in a bullish crossover. Additionally, the index continues to sustain above the 21 EMA. In the short term, 24,420 remains a tough hurdle. A decisive move above this level could trigger a rally towards 24,770. On the lower end, support is placed at 24,100 and 24,000."

- Views expressed by Rupak De, Senior Technical Analyst, LKP Securities

3:51 PM

Stock Market Expert Comments: Market rose as core sector output showed signs of recovery

"Despite a slump in the Q2 growth rate, the market maintained a positive bias as the core sector output in October shows signs of recovery. Slowing earnings growth is already factored in the market and mid & small caps are rebounding. However, investors stay marginally cautious ahead of RBI policy this week due to the risk of a cut in GDP forecast. The current inflation dynamics are not favorable for a rate cut in the short-term and the RBI is likely to turn more realistic on its growth projection for FY25."

- Views expressed by Vinod Nair, Head of Research, Geojit Financial Services

3:45 PM

Stock Market Highlights: Market breadth was fairly positive

Over 500 stocks were locked at the upper circuit on the BSE. READ MORE

 

3:42 PM

Stock Market Highlights: Sectorally, Nifty Realty index was the top gainer, up over 3%

 

3:41 PM

Stock Market Highlights: Broader indcies outperform; MidCap, SmallCap end over 1% higher

 

3:35 PM

Stock Market Highlights: Nifty 50 index gains 145 pts, settles at 24,276


3:33 PM

Stock Market Highlights: Sensex ends 445 pts higher at 80,248

 

3:17 PM

Stock Market LIVE Updates: Rupee update

Stock Market LIVE Updates: USDINR CMP- 84.70 (spot) Indian Rupee touched a fresh record low on Monday on economic data and a strong US Dollar. India’s Q2 FY25 GDP grew by 5.4 per cent vs forecast of 6.8 per cent and 6.7 per cent in Q1 FY25. Friday on strong US Dollar and FII outflows. Dollar demand from importers also weighed on the Rupee. However, positive domestic markets and a correction in crude oil prices cushioned the downside. India’s Manufacturing PMI expanded by 56.5 in November, weaker vs. 57.5 in October and 57.3 expected. US Dollar gained on Donald Trump’s 100 per cent tariff threat on BRICS.
 
We expect Rupee to trade with a negative bias on strong Dollar and FII outflows. A recovery in crude oil prices may also weigh on the Rupee. Donald Trump’s tariff threat may further strengthen the greenback. However, positive domestic markets may support the Rupee at lower levels. Traders may take cues from US ISM manufacturing PMI data. USDINR spot price is expected to trade in a range of Rs 84.50 to Rs 84.95.
 
View By-  Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan

3:15 PM

Stock Market LIVE Updates: 463 stocks hit upper circuit on Monday as MidCaps, SmallCaps outperform

Stock Market LIVE Updates: Shares of Ramco Systems, Goldiam International, Atul Auto, OM Infra, Black Box, Gallantt Ispat, Cochin Shipyard, Refex Industries and EPACK Durable were among 13 stocks from the BSE Smallcap index locked at the 20 per cent upper circuit on the BSE in Monday’s intra-day trade. READ MORE
 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade higher

Stock Market LIVE Updates: Having pared their opening losses, Indian benchmark equity indices BSE Sensex and Nifty 50 were trading higher.

At 3 PM, the BSE Sensex was at 80,207, higher by 404.59 points, or 0.51 per cent, while the Nifty 50 was at 24,261.85, ahead by 130.75 points, or 0.54 per cent. 
 

2:59 PM

Stock Market LIVE Updates: Swiggy expands 10-minute food delivery service 'Bolt' to over 400 cities

Stock Market LIVE Updates: On-demand convenience platform Swiggy Ltd on Monday said it has expanded its 10-minute food delivery offering, Bolt, to over 400 cities and towns across India.
 
Initially launched in Bangalore, Chennai, Hyderabad, New Delhi, Mumbai, and Pune, Bolt is now active in cities like Jaipur, Lucknow, Ahmedabad, Indore, Coimbatore, and Kochi as well, Swiggy said in a statement. READ MORE
 

2:54 PM

Stock Market LIVE Updates: P&G Hygiene appoints Maithreyi Jagannathan as Category Leader-Personal Health Care

Stock Market LIVE Updates: Procter & Gamble Hygiene and Health Care today informed that it has appointed Maithreyi Jagannathan as the Vice President and Category Leader-Personal Health Care, effective from January 1, 2025, as the incumbent Sahil Sethi completes his tenure in the current role. 

The company, in an exchange filing, said, "We hereby inform that Mr. Sahil Sethi, shall cease to be Category leader, Personal Health Care, effective December 31, 2024, as he completes his tenure in his current assignment. Ms. Maithreyi Jagannathan will take over as Vice President & Category Leader- Personal Health Care effective January 1, 2025."
 

2:50 PM

Stock Market LIVE Updates: No indication of B'desh reviewing power deal: Adani Power amid indictment

Stock Market LIVE Updates: Adani Power said on Monday it has no indication that the Bangladesh government is reviewing a power purchase agreement with the company, a day after Reuters reported that the country is looking to renegotiate the deal.
 
Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal. READ MORE
 

2:45 PM

Stock Market LIVE Updates: Govt abolishes windfall tax on crude oil, ATF, petrol, and diesel exports

Stock Market LIVE Updates: The Indian government announced on Monday that it has abolished the windfall tax on aviation turbine fuel (ATF), crude oil, petrol, and diesel, effective immediately. This move marks the end of a levy introduced in July 2022 and aims to provide relief to oil producers and refiners.
 
The decision is expected to benefit major oil players like Reliance Industries and ONGC by boosting their gross refining margins—a measure of profitability in refining crude oil. READ MORE
 

2:41 PM

Stock Market LIVE Updates: Nisus Finance Services IPO opens on Dec 4: Check GMP & other key details

Stock Market LIVE Updates: The initial public offering (IPO) of Nisus Finance Services is set to open for public subscription on Wednesday, December 4, 2024.

At the upper end, the company seeks to raise Rs 114.24 crore from the offering. The bidding for anchor investors is likely to take place on Tuesday, December 3, 2024. READ MORE
 

Stock Market Highlights, Monday, December 2, 2024: Benchmark equity indices reversed their early losses to end December's first session in positive territory. The BSE Sensex added 445.29 points or 0.56 per cent to settle at 80,248.08. However, the index slipped below the 80,000-level during early trade, owing to India's September quarter Gross Domestic Product (GDP) print, which came in widely lower than market expectations. Additionally, US President-elect Donald Trump's threat to impose 100 per cent tariffs on BRICS nations if they act to weaken the dollar's dominance in international trade also impacted the market.
 
Similarly, the NSE Nifty50 settled at 24,276.05, up 144.95 points or 0.6 per cent higher from its previous close. Nifty50 traded in the range of 24,301.70-24,008.65 today.    
31 out of the 50 constituent stocks ended in green, with the gainers led by UltraTech Cement, Apollo Hospitals, Grasim, JSW Steel, and Shriram Finance with gains of up to 3.82 per cent. Conversely, HDFC Life, NTPC, Cipla, SBI Life, and Hindustan Unilever were among the top laggards of Nifty50 constituent stocks, with losses extending up to 2.67 per cent. 
 
Notably, mid and small-cap stocks outperformed the benchmark on Monday, with Nifty Midcap100 and Nifty Smallcap100 indices settling with gains of 1.08 per cent and 1.04 per cent, respectively. All sectoral indices settled in green, barring Nifty FMCG and PSU Bank.   Realty stocks stole the show among the sectors, as the Nifty Realty index ended higher by 3 per cent. This was followed by consumer durables stocks, with the Nifty Consumer Durables index heading higher by 2 per cent.  Among others, the Nifty Healthcare, Media, and Metal indices ended higher by over 1 per cent, while Auto, IT, and Pharma also ended higher by nearly 1 per cent.
 

Topics :MARKET WRAPMARKET LIVEMARKETS LIVEMARKETS TODAYMarkets Sensex NiftyS&P BSE SensexNifty50NSE Nifty50 benchmark indexNSE NiftyBSE NSEBSE NSE equityshare marketstock market tradingIndian stock marketIndian stock marketsUS stock marketsUS stock marketGlobal stock marketsChinese stock marketAsian marketsNifty 50sensex nifty

First Published: Dec 02 2024 | 8:00 AM IST

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