Stock Market Highlights: Sensex ends at 78,139, signs-off 2024 with 8% gain; Nifty holds 23,600
Markets Today Highlights: On the last trading day of the year, Sensex ended 109 points lower amid weakness in IT and select banks. IT index slipped 1.5%, while India VIX rose over 3% on Tuesday.
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Share Market Today: Foreign Institutional Investors (FIIs) net sold Indian equities worth 1,893.16 crore on December 30, while domestic institutional investors (DIIs) net bought shares worth Rs Rs 2,173.86 crore on Monday. (Photo: Bloomberg)
Stock Market Highlights, Tuesday, December 31, 2024: Benchmark equity indices - the BSE Sensex and NSE Nifty 50 recovered smartly from the low's of the day and settled with marginal losses dragged by losses in IT and select banking shares. The BSE Sensex had tumbled to a low of 77,561 tracking losses in global peers; the BSE benchmark, however, erased losses and jumped to a high of 78,248 in intra-day deals. The Sensex eventually ended at 78,139 - down 0.1 per cent or 109 points on the last trading day of the year 2024. Similarly, the NSE Nifty 50 index recovered from the day's low of 23,460, and surged to a high of 23,690 - an intra-day gain of 230 points. The Nifty 50 finally settled almost unchanged at 23,645. In the process, the BSE Sensex ended the calendar year 2024 with a solid gain of 8.2 per cent or 8,809 points, after having registered a summit at 85,978 during the year. The NSE Nifty 50 mopped up a 8.8 per cent gain in 2024. The benchmark indices were up for the 9th straight calendar year; rising as much as 200 per cent in this period. ALSO READ: RBI rate cut, Trump, Budget: What factors will drive stock markets in 2025 Back to Tuesday, Infosys, HDFC Bank and ICICI Bank were the major draggers on the Sensex. In terms of per centage losses - Tech Mahindra shed 2.5 per cent. Zomato, TCS, Infosys and ICICI Bank declined 1 - 2 per cent each. On the other hand, Kotak Bank gained 2.5 per cent. ITC, UltraTech Cement, Tata Motors and Tata Steel were the other major movers among the Sensex 30. Among the broader indices, the Nifty Midcap 150 index ended flat at 21,127, while the Smallcap 250 gained 0.6 per cent at 17,744. ALSO READ: Will Sensex fall to 69,000 or cross 100,000 in 2025? What tech charts say Sectorally, the NSE Nifty IT index slipped 1.5 per cent. The Nifty Realty index was the other notable loser. Whereas, the Oil & Gas index jumped over 1 per cent; and the PSU Bank, Pharma and Metal indices also advanced around 0.5 per cent each. The fear index, India VIX, which gauges volatility, rose 3.5 per cent at 14.47.
The market will be open for normal trading tomorrow on New Year's day.
In the primary markets, shares of Unimech Aerospace and Manufacturing made a stellar debut on bourses on Tuesday, December 31, 2024, listing at Rs 1,491 per share, reflecting a premium of Rs 706, or 89.9 per cent, against the issue price of Rs 785 on the BSE. READ MORE
3:59 PM
Stock Market LIVE Updates: View by technical expert
Stock Market LIVE Updates: Following a weak start, the Nifty recovered smartly during the day. However, the technical setup remains unchanged as the index failed to break above any significant moving averages. Despite this, sentiment appeared to improve throughout the session. On the higher end, if Nifty moves above 23,700, it could advance towards 23,900-24,000. On the lower end, support is placed at 23,550.
View by Rupak De, Senior Technical Analyst, LKP Securities
View by Rupak De, Senior Technical Analyst, LKP Securities
3:52 PM
View by Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: After showing weakness from the highs on Monday, Nifty showed upside recovery from the lows on Tuesday and closed the day higher by 13 points. After opening with a negative note, market slipped into further weakness in the early part of the session. It later showed a decent intraday upside bounce from the day's low of 23460 levels and finally closed near the highs. A small positive candle was formed on the daily chart with minor upper and lower range. Technically, this market action is indicating counter attack by bulls after an attempt of false downside breakout of the range movement.
The crucial 200-day EMA is in limelight again. After the moving below this moving average on Monday, Nifty has failed to show any decisive follow -through weakness in the subsequent session and showed upside bounce from the lows. A small red candle was formed on the weekly chart, that placed beside the similar green candle of last week, which signal a broader range movement in the market. The upside bounce of Tuesday could be an early indication of another round of upside bounce in the market. Nifty is broadly in a range of 23500-24000 levels for the near term. Having bounced back from the lower range of 23500 levels, one may expect further upside bounce towards 24000 levels in the coming week.
View by Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
3:44 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: Broader market indices BSE Midcap and Smallcap closed in green.
3:41 PM
Stock Market LIVE Updates: Nifty gainers and loser at close
Stock Market LIVE Updates: Adani Enterprises, Tech Mahindra, TCS were among the top laggards on Nifty50.
3:39 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close
Stock Market LIVE Updates: Tech Mahindra, Zomato, TCS were among the top losers on Sensex. Here is a heatmap
3:37 PM
Stock Market LIVE Updates: Nifty50 closes 0.10 pts lower at 23,644.80
Stock Market LIVE Updates: NSE Nifty finishes 0.10 points lower at 23,644.8.
3:34 PM
Stock Market LIVE Updates: Sensex closes 109 pts lower at 78,139.01
Stock Market LIVE Updates: BSE Sensex closed 109.12 points or x0.14 per cent lower at 78,139.01.
3:29 PM
Stock Market LIVE Updates: Indo Farm Equipment IPO opens today: Check GMP, review, subscription status
Stock Market LIVE Updates: The initial public offering (IPO) of Indo Farm Equipment opened for subscription today, December 31, 2024. Indo Farm Equipment IPO aims to raise Rs 260.15 crore via fresh issue of 8.6 million shares, aggregating to Rs 184.9 crore and an offer for sale (OFS) of 3.5 million shares, aggregating to Rs 75.25 crore. Read more
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Stock Market LIVE Updates: Apollo Micro Systems surges 9% on heavy volumes; stock zooms 26% in 5 days
Stock Market LIVE Updates: Shares of Apollo Micro Systems (AMS) have moved higher by 9 per cent to Rs 117.50 on the BSE in Tuesday’s intra-day trade amid heavy volumes. In five days, the stock of this smallcap aerospace and defense company has zoomed 26 per cent. It is quoting at its highest level since August 2024. The stock had hit a 52-week high of Rs 147.50 on February 27, 2024. Read more
3:12 PM
Stock Market LIVE Updates: This SME stock tanked 78% from record high after zooming 401% in 5 months
Stock Market LIVE Updates: Shares of Waaree Technologies are locked in lower circuit for the fifth straight trading day, declining 5 per cent to hit Rs 482.15, its fresh 52-week low on the BSE in Tuesday’s intra-day trade. In two weeks, Waaree Technologies share price has slipped 36 per cent. Read more
3:05 PM
Stock Market LIVE Updates: Supriya Lifescience share price soars 7% in weak market today; here's why
Stock Market LIVE Updates: Shares of Supriya Lifescience gained 6.8 per cent to Rs 745 per share on the BSE on Tuesday, December 31, 2024. Supriya Life shares gained, despite an otherwise weak market, after the management maintained its revenue growth guidance of 22 per cent. Read more
2:52 PM
Stock Market LIVE Updates: HUL streamlines supply chain to kirana stores, lowers credit limit barriers
Stock Market LIVE Updates: Hindustan Unilever (HUL) is strengthening its control over the distribution process by directly supplying products to kirana stores in Mumbai. The company plans to expand this model to Delhi and other major metro cities, according to a report by The Economic Times.
This new initiative is part of HUL’s broader strategy to cut down delivery times from three days to under 24 hours. The goal is to ease credit limitations for kirana stores, which account for around 75 per cent of HUL’s sales, the report said. READ MORE
2:47 PM
Apex Frozen Foods skyrocketed up to 16.04 per cent to hit an intraday high of Rs 276.35 per share, while Avanti Feeds zoomed as much as 8.97 per cent to hit an intraday high of Rs 653.35 per share.
Stock Market LIVE Updates: Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025
Stock Market LIVE Updates: Shrimp stocks sizzled on the last trading day of 2024 (December 31), with Avanti Feeds and Apex Frozen Foods zooming up to 16 per cent in intraday deals on the BSE.
Apex Frozen Foods skyrocketed up to 16.04 per cent to hit an intraday high of Rs 276.35 per share, while Avanti Feeds zoomed as much as 8.97 per cent to hit an intraday high of Rs 653.35 per share.
The spark for this surge came from a report by domestic brokerage InCred Equities, which painted a picture of resurgence for India’s shrimp sector in the calendar year 2025 (CY25). READ MORE
2:41 PM
Stock Market LIVE Updates: SBI contra to Parag Parikh Flexi Cap Fund: Most popular equity MFs of 2024
Stock Market LIVE Updates: In a year marked by volatility, sectoral and thematic funds have emerged as the clear winners in the mutual fund category, capturing investor attention and substantial net inflows. These funds, which focus on specific industries or investment themes, capitalized on market trends and investor sentiment, demonstrating resilience in the face of economic uncertainty.
Data analysed by Value Research shows thematic funds captured 28 per cent of the total inflows this year. In simple terms, Rs 28 of the Rs 100 invested by an investor this year has either been in a sectoral or a thematic fund. READ MORE
2:36 PM
The company, in an exchange filing, said, "This is to inform you that we received the Order from the Enforcement Directorate, Southern Regional Office imposing a cumulative penalty of Rs.233.02 Crs on the alleged violationsunder different sections of FEMA i the GDR matter."
It added, "We are deeply saddened at this unfair order for penalizing the victims of fraud, one that was planned and orchestrated by Mr.Nirmal Kotecha i siphoning out the funds belonging to our company, Transgene Biotek Ltd evidenced by the documents sourced from the Financial Market Supervisory Authority of Switzerland among several others.
Aggrieved by the unfair and unjust order passed by the Special Director, Directorate of Enforcement Southern Regional Office, we plan to seek help at the appropriate forums including The Appellate Tribunal, New Delhi for a just redressal".
Stock Market LIVE Updates: Transgene Biotek receives penalty order of Rs 233 cr from Enforcement Directorate
Stock Market LIVE Updates: Transgene Biotek today informed that it has received an order from Enforcement Directorate, Southern Regional Office, imposing a cumulative penalty of Rs 233.02 crore, on the alleged violations under different sections of FEMA.
The company, in an exchange filing, said, "This is to inform you that we received the Order from the Enforcement Directorate, Southern Regional Office imposing a cumulative penalty of Rs.233.02 Crs on the alleged violationsunder different sections of FEMA i the GDR matter."
It added, "We are deeply saddened at this unfair order for penalizing the victims of fraud, one that was planned and orchestrated by Mr.Nirmal Kotecha i siphoning out the funds belonging to our company, Transgene Biotek Ltd evidenced by the documents sourced from the Financial Market Supervisory Authority of Switzerland among several others.
Aggrieved by the unfair and unjust order passed by the Special Director, Directorate of Enforcement Southern Regional Office, we plan to seek help at the appropriate forums including The Appellate Tribunal, New Delhi for a just redressal".
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First Published: Dec 31 2024 | 7:40 AM IST
