Indian stock markets kept sliding on Dec 29, with the Sensex down 346 points and the Nifty stuck around the 26,000 mark as foreign investors pulled money out and global tensions persisted.
Market Summary
The Sensex closed at 84,695.54, a fall of 0.41%, while the Nifty ended at 25,942.10, down 0.38%. Both indices opened higher but quickly slipped back into the red and closed near their lows for the day.
Top Gainers and Losers
Big winners on the Nifty included Trent, Shriram Finance, Apollo Hospitals, UltraTech Cement and Adani Ports.
Notable losers were Interglobe Aviation, Wipro, Dr. Reddy's Labs, Sun Pharma and Tata Motors Passenger Vehicles.
Mid‑Cap and Small‑Cap Activity
The BSE Mid‑Cap index fell 0.4% and the Small‑Cap index slipped 0.5%.
Sector Performance
All sectors except media posted losses. Auto, IT, pharma, realty and power each dropped between 0.4% and 0.9%.
Stock‑Specific Moves
- BirlaNu shares jumped 9% on high trading volume.
- SEPC rose nearly 4% after winning a ₹230 cr order from MOIL.
- Timex Group India fell 6.6% as its promoter sold an 8.93% stake.
- Vikran Engineering gained 2% on letters of award from MP Urja Vikas Nigam.
- Solarworld Energy Solutions rose 5% after receiving a ₹725 cr LoA.
52‑Week Highs and Lows
More than 100 stocks hit 52‑week highs, including Hindustan Copper, Vedanta, City Union Bank, Titan Company and Eicher Motors. Over 180 stocks touched 52‑week lows, such as Dixon Technologies, ACC and Colgate‑Palmolive.
Expert Outlook for Dec 30
Kotak Securities expects the market to stay below the 26,000/85,000 level, with further downside possible toward 25,800/84,200 if selling continues. A bounce above 26,000 could push the indices to about 26,150/85,500.
Religare Broking notes that light trading volumes suggest investors are being selective. While the overall trend looks weak, opportunities may appear in sectors showing relative strength. Keep position sizes modest until a clearer direction emerges.
Disclaimer
These observations are for informational purposes only and not a prediction. Always do your own research or consult a qualified advisor before making any investment decisions.