December 2, 2024
New Delhi, India
Stock Market Today
The Indian stock market demonstrated remarkable resilience on Monday, with benchmark indices reversing early losses to conclude the trading session on a positive note. The Sensex added 445.29 points, settling at 80,248.08, while the Nifty50 rose 144.95 points to close at 24,276.05.
Sector Performance and Key Movers
Realty and consumer durables sectors emerged as top performers, with the Nifty Realty index surging 3% and the Consumer Durables index gaining 2%. Healthcare, media, metal, auto, IT, and pharma sectors also showed strong performances, each rising approximately 1%.
Stock-Specific Highlights
UltraTech Cement led the gainers, rising 3.82%, followed by Apollo Hospitals at 3.45% and Grasim Industries at 3.06%. Other notable gainers included Shriram Finance and JSW Steel. Conversely, HDFC Life experienced the most significant decline at 2.67%, with NTPC, Cipla, and SBI Life also facing downward pressure.
Market Context
The day’s trading was influenced by multiple factors, including concerns about domestic economic growth and global economic tensions. India’s September quarter GDP print, which came in lower than market expectations, and geopolitical discussions about potential trade tariffs added complexity to the market sentiment.
Broader Market Trends
Mid and small-cap stocks outperformed the benchmark indices, with the Nifty Midcap100 and Nifty Smallcap100 indices gaining 1.08% and 1.04% respectively. Of the Nifty50 constituent stocks, 31 ended in positive territory, reflecting a broadly optimistic market mood.
Looking Ahead
Investors will continue to monitor economic indicators, global trade discussions, and potential monetary policy decisions that could impact market dynamics in the coming sessions.
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