Stock Market Highlights: Sensex adds 226 pts, Nifty at 23,813; pharma, auto, FMCG shares shine

Stock Market Highlights, Friday, December 27, 2024: The benchmark equity indices ended the week's last trading session in positive territory. The 30-share Sensex added 226 points or 0.29 per cent to settle at 78,699.07. The index traded in the range of 79,043.15 - 78,598.55 today.

 

NSE Nifty50 settled in the green at 23,813.40 with gains of 63 points or 0.27 per cent. Nifty50 was seen at the day's high of 23,938.85, while the day's low was quoted at 23,800.60.

 

29 out of 50 constituent stocks of Nifty50 ended in the green with the gains led by Dr. Reddy's Labs, Mahindra & Mahindra, IndusInd Bank, Eicher Motors, and Wipro of up to 2.51 per cent.  Conversely, Hindalco, Coal India, SBI, ONGC, and Tata Steel were among the 21 stocks that ended in the red with losses extending up to 1.81 per cent. 

Sectoral markets ended on a mixed note on Friday. Nifty Pharma outran others, rising 1.30 per cent, and was followed by Nifty Auto, up 0.97 per cent, and Nifty Healthcare, up 0.80 per cent.  Meanwhile, Nifty Metal, Nifty PSU Bank, Nifty Realty and Nifty Oil and Gas among others closed in the negative territory. 

 

 

6:17 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty managed to cross the 200-Days Simple Moving Average (200-DSMA) on the daily chart but failed to sustain above it, forming a doji candle. On the weekly chart, the index has formed an inside bar candlestick pattern, indicating strong demand near 23,500-23,540 zone. The 200-DSMA is placed around 23,860, which will act as an immediate hurdle for Nifty. A sustainable move above this level could drive the index towards 24,000–24,100. On the downside, 23,500 remains a key support. In the immediate term, Nifty is expected to consolidate between 23,500 and 23,900, with a breakout on either side defining its next move.

View by Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. (A Pantomath Group Company)

3:51 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Christmas week trading ended on a subdued note; a lack of major triggers and caution ahead of the swearing of US Republican Party administration continued to impact the sentiment. While the rupee dropped to a new low, weighed down by the expectation of fewer Fed rate cuts, a widening trade deficit, and weak economic growth. The auto index outperformed, aided by an expectation of a pickup in volumes in December and comfort in valuation.

View by Vinod Nair, Head of Research, Geojit Financial Services

3:41 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices BSE Midcap ended in red, whereas Smallcap closed in green.

 

 

3:39 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and loser at close

Stock Market LIVE Updates: Dr Reddy's Labs, IndusInd Bank, M&M  were among the top gainers on Nifty50. Here is a heatmap 

 

3:37 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: M&M, IndusInd Bank, Tata Motors were among the top gainers on Sensex. Here is a heatmap 

 

 

3:36 PM

Stock Market LIVE Updates: Sensex closes 226.59 pts higher at 78,699.07

Stock Market LIVE Updates: BSE Sensex closed 226.59 points or 0.29 per cent higher at 78,699.07.

 

3:35 PM

Stock Market LIVE Updates: Nifty 63.2 pts higher at 23,813.4

Stock Market LIVE Updates: NSE Nifty settled 63.2 points or 0.27 per cent higher at 23,813.4.

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3:27 PM

Stock Market LIVE Updates: Dr Reddy's up 15% in Dec so far; set for biggest monthly gain since Sep'20

Stock Market LIVE Updates: Shares of Dr Reddy’s Laboratories are set to report their biggest monthly gain in the past 51 months, with the stock of the pharmaceutical company having rallied 15 per cent thus far in the month of December. Earlier, in September 2020, the market price of Dr Reddy’s had surged 22 per cent. In June 2023, it had gained 14.5 per cent. Read more 

3:20 PM

Stock Market LIVE Updates: NTPC Green Energy up 6% as commercial operation begins at Solar PV Project

Stock Market LIVE Updates: Shares of NTPC Green Energy surged 5.79 per cent at Rs 133.35 a piece on the BSE in Friday’s intraday trade. NTPC Green Energy share price rose after the company on Friday declared its commercial operation of first part capacity of 37.5 MW out of 200 MW Gujarat Solar PV Project in Sadla, Gujarat. Read more

3:16 PM

Stock Market LIVE Updates: JSW Infra gains 3% after Motilal Oswal raises target price with 'Buy'

Stock Market LIVE Updates: JSW Infrastructure shares gained 2.9 per cent on BSE, logging an intraday high at Rs 319.15 per share. The upmove in the stock came after domestic brokerage Motilal Oswal reiterated 'Buy' and raised the target price from Rs 350 to Rs 375 per share. Read more 

3:10 PM

Stock Market LIVE Updates: Japan cabinet okays record defence budget of $55 bn amidst regional threat

Stock Market LIVE Updates: The Japanese Cabinet on Friday approved a record 8.7 trillion yen ($55 billion) defence budget for 2025 as Japan accelerates building up its strike-back capability with long-range cruise missiles and starts deploying Tomahawks to fortify itself against growing threats from China, North Korea and Russia. Read more 

3:02 PM

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

Stock Market LIVE Updates: Benchmark Indian equity indices BSE Sensex and Nifty50 were trading higher, amid lax global cues.

At 3 PM, the BSE Sensex was higher by 265.93 points, or 0.34 per cent, at 78,738.41, while the Nifty50 was at 23,807.35, ahead by 57.15 points, or 0.24 per cent.

2:56 PM

Stock Market LIVE Updates: Greaves Cotton soars 15% after over 45 million shares trades on NSE

Stock Market LIVE Updates: Shares of Greaves Cotton hit a new high of Rs 271.90, surging 16 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade amid heavy volumes, ahead of the initial public offering (IPO) of its material subsidiary, Greaves Electric Mobility Limited (GEML).

 

By 01:05 PM, as many as 50.11 million equity shares, representing 21.55 per cent of the total equity of Greaves Cotton, had changed hands on the NSE. READ MORE

 

2:46 PM

Stock Market LIVE Updates: Tata Motors share races 6% in 3 days as most brokerages upbeat on outlook

Stock Market LIVE Updates: Automobile giant Tata Motors share was in demand for the third consecutive session on Friday, December 27, 2024, as the stock soared up to 3.50 per cent to hit an intraday high of Rs 766.75 apiece.  Notably, the Tata Motors share has jumped 6.12 per cent in the last three sessions.  

However, at 1:15 PM, Tata Motors share was off highs and was trading 2.01 per cent higher at Rs 755.70 apiece. In comparison, BSE Sensex was trading 0.48 per cent higher at 78,852.90 levels. READ MORE

 

 

2:37 PM

Stock Market LIVE Updates: Cochin Shipyard freezes at 5% upper circuit on order boost from Adani Ports

Stock Market LIVE Updates: Cochin Shipyard shares hit a 5-per cent upper circuit band on the BSE on Friday, December 27, 2024. The share price was frozen at Rs 1,532.1 per share at 1:30 PM as against a 0.4 per cent rise in the benchmark BSE Sensex index. Read more