On Tuesday, December 30, India’s major stock indices barely moved as traders stayed on the sidelines, waiting for company earnings and updates on global trade talks.
Market Overview
The Sensex slipped 20 points to finish at 84,675.08, a tiny 0.02% drop. The Nifty 50 fell 3 points, ending at 25,938.85, down 0.01%. Mid‑cap and small‑cap indices also edged lower, indicating a broadly cautious mood.
What Drove the Session?
There were no fresh domestic news items to spark buying or selling. Instead, investors were looking ahead to the December‑quarter earnings season and keeping an eye on the ongoing India‑US trade discussions.
Sector Highlights
- Gainers: Mahindra & Mahindra, Bharti Airtel, Axis Bank and State Bank of India posted modest gains.
- Losers: Infosys, Eternal, and Reliance Industries fell, offsetting the upside from the heavyweights.
- Strong sectors: Autos, metals and PSU banks rose around 1‑2%.
- Weak sectors: IT, realty, consumer durables, healthcare and defence each slipped 0.5‑1%.
Three Stocks to Watch
- Hindalco Industries – Consider buying if the price moves above ₹885. Place a stop‑loss at ₹855 and aim for a target of ₹945 (multiday trade).
- UPL Ltd. – Look to buy above ₹789. Use a stop‑loss at ₹777 and target ₹807 for an intraday move.
- Godrej Properties – Consider selling if the price drops below ₹1,975. Set a stop‑loss at ₹2,001 and aim for a target of ₹1,930 (intraday trade).
Short‑Term Outlook
With earnings reports on the horizon and no clear direction from global cues, the market is likely to stay range‑bound for the next few days. Traders may look for buying opportunities on dips, but a neutral stance is advisable until the Nifty can break below the 25,800‑25,500 zone, which could trigger further downside.
Disclaimer
These observations are for informational purposes only and should not be taken as investment advice. Always do your own research or consult a certified financial professional before making any trading decisions.