The benchmark BSE Sensex index fell 67.30 points or 0.09% to close at 78,472.87, while the broader Nifty 50 index fell 25.80 points or 0.11% to close at 23,727.65.
Analysts read market trends as follows:
Commenting on the day’s developments, Vinod Nair, Head of Research at Geojit Financial Services, said the domestic market ended flat ahead of the holiday, with metals and power stocks leading the way, while FMCG He said the consumer staples and auto sectors rose in recent corrections. The trajectory will depend on the results of the third quarter results and the coalition budget, but there is a growing sense of caution due to the strong dollar, high bond yields, and concerns about interest rate cuts. The INR hitting an all-time low has raised further alarm,” Nair added.
asian stocks
Stocks fell on Wednesday in Tokyo and Shanghai, two of the world’s few markets open on Christmas Day. Crude oil prices rose. Japan’s Nikkei 225 index fell 0.1% to 38,997.02, and the Shanghai Composite Index fell 0.2% to 3,387.41.
us market
All of Wall Street’s major indexes closed higher on Tuesday, with gains in large-cap and growth stocks pushing benchmarks higher as Christmas Eve trading ended. The Dow Jones Industrial Average and Nasdaq Composite Index both rose for the fourth straight session, and the S&P 500 extended its winning streak to three sessions, marking the first day of the seasonal Santa Claus rally.
european market
Britain’s benchmark FTSE 100 rose for a second straight day on Tuesday amid thin trading ahead of the Christmas holidays, but shares in housebuilder Vistry fell after it issued its third profit warning since October. did.
tech view
Nifty remained within a range for most of the day and closed flat. Rupak De, senior technical analyst at LKP Securities, said the index closed below the 200 DMA for the first time in three days on the daily chart, confirming a short-term bearish trend.
“The RSI is in a bearish crossover and continues to fall, reinforcing the negative outlook. On the downside, support is at the 23,500-23,400 zone and resistance is seen at 23,860,” De said. Ta.
Most active stocks in terms of sales
Amber Enterprises (Rs. 3,752.03 million), Tata Investments (Rs. 1,581.01 million), HDFC Bank (Rs. 1,302.83 million), Zomato (Rs. 1,012.9 million), ICICI Bank (Rs. 925.06 million). , Tata Motors (Rs. 924.44 crore), SBI (863.43 Million) was one of the most active stocks on NSE by value. High counter activity by value helps identify counters with the highest trading volume for the day.
Most active stocks based on volume
Vodafone Idea (shares outstanding: Rs. 2,855 crore), YES Bank (shares outstanding: Rs. 4.47 billion), Zomato (shares outstanding: Rs. 3.7 billion), JP Power (shares outstanding: Rs. 3.36 billion), IDFC First Bank. (Rs. 2.62 billion), Tata Steel (Number of shares outstanding: 2.58 billion) and Suzlon Energy. (Number of traded shares: 2.48 billion shares) was one of the most actively traded stocks on NSE based on volume.
Stocks showing purchase intent
Shares of Finolex Cables, Triveni Engineering and Industries, Gillette India, Emami, RBL Bank, Solar Industries and Amber Enterprises were among the stocks that attracted strong buying interest from market participants. It is.
52 week high
More than 170 stocks hit 52-week highs today, while 64 stocks fell to 52-week lows. Companies that hit 52-week highs included Amber Enterprises, KFIN Technologies and Lloyds Metals & Energy.
Stocks under selling pressure
The stocks that were under heavy selling pressure were Intellect Design, Go Digit General Insurance, KEC International, Torrent Power, Network18 Media, Mankind Pharma and Policy Bazaar.
Sentimentometer favors bulls
Market sentiment was neutral. Of the 4,092 stocks traded on the BSE on Tuesday, 2,060 stocks declined, 1,936 stocks advanced and 96 stocks remained unchanged.
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