December 16, 2024
New Delhi, India
Stock Market Today
Indian equity markets ended on a weak note on December 16, with the Sensex falling 384.55 points (0.47%) to close at 81,748.57, and the Nifty slipping 100.05 points (0.40%) to settle at 24,668.25. Heavy selling in IT and metal stocks overshadowed gains in realty and media sectors.
Sectoral Performance
- Losers:
- IT: Declined by 0.5%.
- Metals: Lost 1% on weak global commodity prices.
- Oil & Gas: Fell by 0.5%.
- Gainers:
- Realty: Gained 3%, leading the sectoral pack.
- Media: Rose by 1.5%.
- PSU Banks: Added 0.5%.
Top Gainers and Losers
- Top Nifty Losers:
- Titan Company.
- TCS.
- Hindalco Industries.
- Adani Ports.
- BPCL.
- Top Nifty Gainers:
- Dr. Reddy’s Laboratories.
- IndusInd Bank.
- Bajaj Finance.
- Power Grid Corporation.
- HDFC Life Insurance.
Broader Market Outlook
Despite weakness in large-cap indices, BSE Midcap and Smallcap indices rose by 0.5% each, signaling resilience in broader markets.
Investor Focus
Markets are now awaiting the U.S. Federal Reserve’s monetary policy decision scheduled for Wednesday. Investors will be closely watching for signals on future rate cuts.
The day’s trading highlighted sectoral divergence, with pressure on IT and metals offsetting gains in realty and media stocks. Markets remain cautious ahead of the Fed decision later this week.
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