December 23, 2024
New Delhi, India
Stock Market Today
Indian equity markets rebounded strongly on Monday, December 23, 2024, with the Sensex climbing 498.58 points to close at 78,540.17 and the Nifty gaining 165.95 points to end at 23,753.45. The rally was driven by financial, metal, and realty stocks, breaking a five-day losing streak.
Top Gainers and Losers:
- Major Gainers:
- JSW Steel (+1.8%)
- ITC (+2%)
- Hindalco Industries
- IndusInd Bank
- Trent
- Top Losers:
- Hero MotoCorp
- Maruti Suzuki
- Nestle India
- HCL Technologies
- Bajaj Finserv
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Sectoral Performance:
- Gainers:
- Nifty Realty: +1.47%
- Nifty Bank: +1.10%
- Nifty FMCG: +0.96%
- Nifty Financial Services: +0.82%
- Metal, Oil & Gas, and Energy indices also rose by 0.5-1%.
- Laggards:
- Nifty Media shed 0.4%, while Healthcare and Auto sectors closed in the red.
Market Highlights:
- Broader markets displayed a mixed performance:
- BSE Midcap: +0.10%
- BSE SmallCap: -0.60%
- Nifty Financial Services Index: Opened 0.9% higher, supported by gains in HDFC Bank (+1.7%) and Reliance Industries (+1.1%).
- Metal Sector: Boosted by India’s Directorate General of Trade Remedies initiating a safeguard investigation into steel imports. Key performers included Tata Steel (+1.5%) and JSW Steel (+1.8%).
Closing Note:
The Sensex and Nifty ended on a positive note, backed by strong gains in financial and metal stocks, marking a turnaround after a prolonged losing streak. With 32 out of 50 Nifty stocks closing in green, the markets reflected optimism fueled by regional cues and softer U.S. inflation data.
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