December 10, 2024
New Delhi, India
Market Highlights
Indian stock markets witnessed a lackluster trading session on December 10, 2024, as investors digested recent developments and awaited crucial macroeconomic updates.
- Sensex: Closed marginally higher by 1.59 points at 81,510.05.
- Nifty: Declined by 8.95 points, ending at 24,610.05.
Sectoral and Stock Performance
- Top Gainers: Shriram Finance, Bajaj Finserv, HCL Technologies, Wipro, and Infosys.
- Top Losers: Bharti Airtel, Dr. Reddy’s Laboratories, Adani Ports, Adani Enterprises, and HDFC Life.
- Sectoral Trends:
- Gains: IT, Realty, PSU Bank, and Metal sectors rose by 0.4%-1%.
- Losses: Power, Telecom, and Media sectors fell by 0.5%-1%.
- Midcap and Smallcap: Both indices gained 0.3%.
Also Read; Rupee Hits Record Low as Sanjay Malhotra’s Appointment Spurs Rate Cut Speculations
Key Drivers
- IT Sector Resilience: Rupee depreciation boosted dollar-denominated revenues, favoring IT stocks.
- Rate Cut Speculation: Market sentiment remained cautious amid speculation of monetary easing under the incoming RBI Governor, Sanjay Malhotra.
The mixed session reflects investor caution ahead of macroeconomic data releases and global market cues, with IT and Realty providing some support to the indices.
Disclaimer:
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