Indian Stock Market Update
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.
Market Performance
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 and Losers
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.
Sectoral Performance
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%.
Stock-Specific Action
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.
- KEC International share price added over 1% on bagging new orders worth Rs 1,150 crore.
- Ashoka Buildcon shares surged 2.5% as its JV got a project worth Rs 1,041.44 crore.
- SEPC share price added 12% on signing an MoU with JARPL.
52-Week Highs and Lows
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.