The Indian stock market started the week on a negative note, with the Nifty index closing above 26,000 in a volatile session on December 15. Despite weak global cues, the market managed to recover mid-session, helping the Nifty to close near its day's high.
The Sensex ended the day down 54.30 points, or 0.06%, at 85,213.36, while the Nifty was down 19.65 points, or 0.08%, at 26,027.30. The BSE midcap index ended flat, and the smallcap index rose 0.4%.
Top gainers on the Nifty included InterGlobe Aviation, ITC, HCL Technologies, HUL, and Trent. Losers included ONGC, M&M, HDFC Life, Eicher Motors, and JSW Steel.
On the sectoral front, PSU Bank, media, IT, FMCG, and Consumer Durables rose 0.3-1%, while auto, pharma, and telecom shed 0.5-1%.
In stock-specific action, PVR Inox shares gained 3% after setting new box office records, while Geojit Financial Services shares surged 9% after a block deal. Refex Industries share price jumped 17% after the company clarified on search operations conducted by the I-T department.
More than 120 stocks hit 52-week lows, including Petronet LNG, Ramkrishna Forging, and Sheela Foam. Over 100 stocks hit 52-week highs, including IDFC First Bank, Ashok Leyland, and Federal Bank.
The Indian stock market remains volatile, with investors keeping a close eye on market trends and industry news. Stay tuned for more updates on the stock market and investment opportunities.
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