December 12, 2024
New Delhi, India
Stock Market Today
Benchmark indices ended Thursday in the red as selling pressure persisted across sectors, barring IT. The BSE Sensex dropped 236.18 points (0.29%) to close at 81,289.96, while the NSE Nifty50 fell 93.10 points (0.38%) to settle at 24,548.70.
Market Performance:
- Sensex: Traded within 81,680.97 – 81,211.64 before closing at 81,289.96.
- Nifty50: Moved between 24,675.25 and 24,527.95, ending below the 24,550 mark.
Top Movers:
- Gainers: Adani Enterprises, Tech Mahindra, IndusInd Bank, Bharti Airtel, and Adani Ports gained up to 1.90%.
- Losers: NTPC, Hindustan Unilever (HUL), Coal India, Hero MotoCorp, and BPCL fell up to 2.63%.
Sectoral Highlights:
- IT Stocks Shine: The Nifty IT index gained 0.82%, driven by Tech Mahindra, Persistent Systems, Coforge, and Mphasis.
- Weak Performers:
- Nifty FMCG dipped 1.09%, weighed down by HUL, Godrej Properties, and Colgate Palmolive.
- Media, Auto, PSU Bank, Consumer Durables, and Oil & Gas indices also ended in the red.
- Broader Markets:
- Nifty Midcap100 dropped 0.46%.
- Nifty Smallcap100 declined 0.9%.
Volatility Index:
The India VIX, a gauge for market volatility, eased 0.58% to close at 13.19.
Despite the downturn in most sectors, IT and Metal indices provided some relief, with gains of up to 0.77%. However, the overall market breadth remained negative, with 35 out of 50 Nifty constituents closing lower.
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