On Monday, December 29, India’s major stock indices closed lower, pointing to a quiet market that may stay range‑bound in the near term.
Market Overview
The BSE Sensex slipped 345.91 points, or 0.41%, to end the day at 84,695.54. The NSE Nifty 50 fell 100.20 points, a 0.38% drop, finishing at 25,942.10. Trading volume was light, and there were no strong headlines to lift sentiment.
Sector Performance
Most sectors followed the overall decline. Information technology, real estate, and auto stocks were the biggest laggards, while the broader market fell between 0.6% and 0.8%.
Stocks That Could Move
- Bharat Electronics Ltd (BEL) – announced new orders worth ₹569 crore, signalling growth for the defence PSU.
- Arvind Fashions – will buy Flipkart’s 31.25% stake in the Flying Machine brand for ₹135 crore, expanding its denim business.
- Honasa Consumer (Mamaearth) – promoter Varun Alagh increased his holding by 57 basis points, buying about 1.85 million shares.
- RVNL – became the lowest bidder for an East Coast Railway wagon‑shop project valued at ₹201.23 crore.
- Cupid – board gave in‑principle approval for a new FMCG plant in Saudi Arabia, aiming at the GCC market.
- Grasim Industries – approved a plan to transfer Essel Mining’s renewable‑energy business to its subsidiary.
- Timex Group – promoter exercised the oversubscription option in its ongoing equity offer.
- Waaree Energies – announced the resignation of CEO Amit Paithankar and appointed Jignesh Rathod as the new CEO.
- Indian Overseas Bank – received RBI approval to set up an IFSC banking unit at GIFT City.
- NTPC Green Energy – began commercial operations for a 13.98 MW tranche of the Khavda‑I solar project.
What This Means for Investors
With trading quiet and no clear catalyst, many investors may keep a cautious stance, opting for selective positions rather than broad market bets. Keep an eye on the stocks above, as company‑specific news could spark short‑term moves.
Disclaimer
Remember, this is just an overview, not a recommendation. Do your own research or talk to a financial advisor before making any investment decisions.