Stock Market Highlights: Sensex ends flat at 81,510, Nifty at 24,610; Adani Group shares dip

Markets Highlights: Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent

Stock Market Highlights, Tuesday, December 10, 2024: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Tuesday's choppy session on a flat note. The 30-share Sensex settled at 81,510.05, up marginally by 1.59 points. The index traded in the range of 81,726.34 to 81,182.69.

 

Similarly, on the NSE, Nifty50 settled at 24,610.05, down 8.95 points, or 0.05 per cent, from its previous close on Tuesday. Nifty50 was seen at a day's high of 24,677.80, while the day's low was seen around 24,510.65.

 

27 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Dr Reddy's Labs, Adani Enterprises, Adani Ports, Bharti Airtel, and HDFC Life, with losses extending up to 1.40 per cent. Among other Adani Group stocks, Adani Green Energy ended lower by 3.45 per cent, followed by Adani Power (down 2 per cent), Adani Total Gas (down 1.85 per cent), and Adani Wilmar (down 1.41 per cent).

  Meanwhile, Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent.

 

Among the broader markets, Nifty Midcap100 and Nifty Smallcap100 indices ended higher by 0.23 per cent and 0.28 per cent, respectively.   All sectoral indices ended in the green, except for Nifty Media, Auto, Pharma, and OMCs. Notably, the Nifty Realty index outperformed other sectoral indices, ending higher by 1.43 per cent, led by gains in Raymond and Phoenix Mills.

 

4:01 PM

Stock Market Highlights LIVE Updates: A break below 24,470 could trigger a correction

The Nifty experienced another lackluster trading session, remaining confined within the range of 24,500 to 24,650. The sentiment is likely to stay sideways in the near term unless the index makes a decisive move beyond this range. A break below 24,470 could trigger a correction of 200 to 250 points, while resistance is seen at 24,700 to 24,750.

(View by: Rupak De, Senior Technical Analyst, LKP Securities)

3:58 PM

Stock Market Highlights LIVE Updates: Despite consolidation, buoyancy in mid-smallcaps is encouraging

Markets remained range-bound for another session, closing nearly unchanged as the recent rebound paused. After a flat opening, the Nifty index drifted lower during the first half of the session, but a swift recovery in select heavyweights erased the losses, ultimately closing at 24,610.05. 
 

Sectorally, performance was mixed, with realty and IT leading the gains, while energy and pharma lagged. Amidst this, the broader indices managed to end marginally in the green, reflecting underlying resilience. 
 

Despite the consolidation, the continued buoyancy in midcap and smallcap stocks is encouraging. Additionally, rotational participation across most sectors is sustaining the positive sentiment during this phase. Traders should maintain a stock-specific approach, focusing on long positions unless Nifty decisively breaks below the 24,300 level.

(View by: Ajit Mishra – SVP, Research, Religare Broking Ltd.)

 

3:50 PM

Stock Market Highlights LIVE Updates: Shriram Finance, Bajaj Finserv, HCL Tech advance on NSE

Shriram Finance, Bajaj Finserv, and HCL Tech were among the top five gainers on the NSE.

3:47 PM

Stock Market Highlights LIVE Updates: Nifty Realty, IT, PSU Bank lead among sectors

Among sectors, Nifty Realty, IT, and PSU Bank were the top gainers. 

3:43 PM

Stock Market Highlights LIVE Updates: Broader indices end in green

The  BSE MidCap index rose 0.30 per cent while the BSE SmallCap index advanced by 0.33 per cent.

3:39 PM

Stock Market Highlights LIVE Updates: Heatmap check

Bajaj Finserv, HCL Tech, and SBI were among the 15 stocks that ended in green on the BSE Sensex on Tuesday.

3:38 PM

Stock Market Highlights LIVE Updates: Nifty closes listless at 24,610

NSE's Nifty50 closed at 24,610 level, down 9 points or 0.04 per cent.

3:34 PM

Stock Market Highlights LIVE Updates: Sensex ends flat at 81,510

Stock Market Highlights LIVE Updates: The BSE Sensex closed flat at 81,510

3:17 PM

Stock Market LIVE Updates: NAM India surges 9%, hits new high; market cap touches Rs 50,000 crore

Shares of Nippon Life India Asset Management Company (NAM India) hit a new high of Rs 803.95, as they surged 9 per cent on the BSE in Tuesday’s intra-day trade, extending its past two day up move, in an otherwise weak market. In the last three days, the stock price of NAM India has soared 14 per cent. Read more

3:07 PM

Stock Market LIVE updates: 3 PM market update

At around 3 PM, the BSE Sensex was at 81,499.91, lower by 8 points, or 0.01 per cent, while the Nifty 50 was at 24,596.80, behind by 22 points, or 0.09 per cent.

 

2:54 PM

Stock Market LIVE Updates: Toss The Coin IPO opens: GMP up 110%; Check price band, lot size, more

Stock Market LIVE Updates: The unlisted shares of the marketing consulting company Toss The Coin were commanding a solid premium in the grey market ahead of the launch of its initial public offering (IPO) today, Tuesday, December 10, 2024.

Sources tracking grey market activities revealed that Toss The Coin shares were trading at Rs 382 apiece, reflecting a grey market premium (GMP) of Rs 200 or 109.89 per cent per share against the upper end of the IPO price band of Rs 182. READ MORE

 

2:49 PM

Stock Market LIVE Updates: Equity mutual funds inflow drops 14% to Rs 35,943 crore in Nov: Amfi data

Stock Market LIVE Updates: Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility driven by various macroeconomic factors, geopolitical events and US election results.

 

Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday. READ MORE

 

2:43 PM

Stock Market LIVE Updates: Corporate India note strongest hiring outlook globally for Jan-Mar: Survey

Stock Market LIVE Updates: Employers in India reported the strongest employment outlook for the January-March period next year, with 40 per cent corporates aiming to increase their staffing levels over the next three months, the latest ManpowerGroup Employment Outlook Survey said on Tuesday.

 

The survey, which gathered data from more than 3,000 employers across various regions of India, revealed that 53 per cent of employers plan to hire, while 13 per cent anticipate a decrease in their staffing levels in the the first quarter of the 2025 calendar year and 31 per cent do not expect any change. READ MORE

 

2:39 PM

Stock Market LIVE Updates: This public sector co's stock soared 43% in 3 days; zoomed 84% in 5 weeks

Stock Market LIVE Updates: ITI share price hit a new high of Rs 403.75, as they surged 9 per cent on the BSE in Tuesday’s intra-day trade, extending their past two days' rally amid heavy volumes on a healthy outlook. In three days, the stock of the public sector undertaking (PSU) company has soared 43 per cent. It surpassed its previous high of Rs 384.35 that it touched on January 17, 2024.

 

At 01:37 PM, ITI shares were trading 6 per cent higher at Rs 392.15, as compared to the 0.27 per cent decline in the BSE Sensex. The average trading volumes on the counter had jumped nearly three-fold. READ MORE

 

2:28 PM

Stock Market LIVE Updates: RBI okays Burman Family's open offer for Religare Enterprises; stock up 10%

Stock Market LIVE Updates: Religare Enterprises share price hit a 52-week high of Rs 304.30, surging 10 per cent on the BSE in Tuesday's intraday trade, after the Reserve Bank of India (RBI) approved Burman family's plan to raise their stake in the company from 25 per cent to 51 per cent via an open offer.

 

The stock surpassed its previous high of Rs 297, which it touched on October 1, 2024. Thus far in the month of December, Religare Enterprises share price has rallied 25 per cent. At 01:31 PM, the stock was trading 4.5 per cent higher at Rs 290.15 as compared to 0.24 per cent decline in the BSE Sensex. READ MORE