The Indian stock market barely moved on Tuesday, Dec 30, as investors waited for earnings reports and news on India‑US trade talks.
Market Summary
The Sensex slipped 20 points to finish at 84,675.08 (down 0.02%). The Nifty 50 fell 3 points, closing at 25,938.85 (down 0.01%). The mid‑cap index dropped 0.05% and the small‑cap index fell 0.20%.
Why the Market Stayed Flat
- Domestic earnings season for the December quarter is just starting, so investors are being cautious.
- Mixed global cues kept sentiment neutral.
- The rupee rose to ₹89.78 per US$, giving a small boost to confidence.
- Traders are waiting for clearer outcomes from India‑US trade talks.
Top Gainers and Losers in the Nifty 50
- Gainers: Bajaj Auto (+2.32%), Hindalco Industries (+2.12%), Shriram Finance (+2.00%).
- Losers: Eternal Energy (+‑2.21%), Eicher Motors (+‑1.92%), Tata Consumer (+‑1.79%).
Overall, 28 stocks in the Nifty 50 ended the day with losses.
Sector Performance
- Gainers: Nifty Metal (+2.0%), Nifty PSU Bank (+1.69%), Nifty Auto (+1.08%).
- Laggers: Nifty Realty (‑0.84%), Consumer Durables (‑0.81%), IT (‑0.74%).
- Nifty Bank rose modestly to 59,171.25 (+0.41%).
Most Actively Traded Stocks
- Vodafone Idea – 674 million shares.
- YES Bank – 267 million shares.
- Tata Silver ETF – 229 million shares.
Notable Moves on the BSE
- Eleven stocks jumped more than 15%, including Orient Technologies and NRB Industrial Bearings.
- Out of 4,347 listed stocks, 1,918 advanced and 2,260 declined.
- 108 stocks hit 52‑week highs (e.g., Maruti Suzuki, Canara Bank).
- 195 stocks hit 52‑week lows (e.g., ACC, Colgate‑Palmolive India, Whirlpool of India).
Technical Outlook for the Nifty 50
Technical indicators suggest a short‑term downtrend:
- The index is below the middle Bollinger Band and the 21‑day EMA.
- The RSI has turned bearish.
- Immediate support is seen around the 25,850‑25,870 zone.
- Resistance sits near 26,000. A break below support could push the index toward 25,650‑25,500.
What to Watch Next
Investors should keep an eye on:
- Quarter‑3 earnings reports, which could add direction.
- Developments in India‑US trade negotiations.
- Any fresh foreign institutional investor (FII) flows that might affect liquidity.
Remember, this is just my perspective, not a prediction. Do your own research and consider consulting a certified financial advisor before making any investment decisions.