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December 24, 2021 / 03:36 PM IST

Closing Bell: Sensex, Nifty end lower amid volatility; IT stocks gain

Except IT, all other sectoral indices ended in the red. BSE midcap and smallcap indices down 0.5-1 percent.

  • IndexPricesChangeChange%
    Sensex62,806.00301.20 +0.48%
    Nifty 5018,655.2092.45 +0.50%
    Nifty Bank43,161.35140.90 +0.33%
    Nifty 50 18,655.20 92.45 (0.50%)
    Tue, Nov 29, 2022
    Biggest GainerPricesChangeChange%
    HUL2,618.2093.00 +3.68%
    Biggest LoserPricesChangeChange%
    IndusInd Bank1,183.45-14.40 -1.20%
    Best SectorPricesChangeChange%
    Nifty FMCG45068.10817.00 +1.85%
    Worst SectorPricesChangeChange%
    Nifty Midcap 10031733.80-85.10 -0.27%


  • December 24, 2021 / 04:21 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets traded volatile and ended with a cut of nearly half a percent, taking a breather after the recent up move. Favourable global cues led to a firm start but profit taking at the higher levels trimmed all the gains in no time and pushed the benchmark lower. Though buying in IT and FMCG trimmed losses in the middle, the pressure in the IT pack capped the upside. Finally, the Nifty ended lower by 0.4% to close at 17,003 levels. The broader markets too ended with losses in the range of 0.5-1%.
     
    Markets are closely eyeing the COVID situation and any positive news could only help the index to make any sustainable up move else volatility will continue. Interestingly, we’re seeing a mixed trend across sectors, so traders should focus on IT, select FMCG, pharma for long trades while the banking pack may continue to trade subdued.

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  • December 24, 2021 / 04:05 PM IST

    Emkay Global Financial Services:

    Next week is exceptionally quiet as the economic calendar is light so there won’t be sharp market moves with spotlight being on Omicron. 

    The Omicron is not a concern right now, so we expect USDINR spot to remain range bound between 74.80-75.50.

  • December 24, 2021 / 03:59 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Weighed by muted global markets and continued FII selling, domestic indices erased its mid-day gains to slip into red led by selling pressure in index heavyweights. The markets remain highly volatile amid rising omicron cases, higher monetary policies and inflationary woes. While pharma, realty and energy stocks dragged the indices lower, IT stocks traded firm in the weak market.

  • December 24, 2021 / 03:38 PM IST

    S Ranganathan, Head of Research at LKP securities:

    A range-bound day of trading ahead of Christmas to end the week as this month quite clearly belonged to the IT sector which stood tall amidst extreme volatility as cost-push inflation across sectors is keeping street worried on the impact in the hands of the consumer. 

    While buoyancy in exports and tax collections coupled with the success of the PLI schemes are positives, there are many sectors where consolidation is waiting to happen which is where longer term investors need to focus in the present corrective phase.

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  • December 24, 2021 / 03:36 PM IST

    Market Close: Benchmark indices snapped three-day winning streak and ended lower on December 24.

    At close, the Sensex was down 190.97 points or 0.33% at 57,124.31, and the Nifty was down 0.40% at 17,003.75.

    Grasim Industries, ONGC, Eicher Motors, NTPC were among the top Nifty losers. Gainers were HCL Technologies, Tech Mahindra, SBI Life, Asian Paints and Wipro.

    Except IT, all other sectoral indices ended in the red. BSE midcap and smallcap indices down 0.5-1 percent.

  • December 24, 2021 / 03:24 PM IST

    BSE Midcap index fell 1 percent dragged by the L&T Finance, Biocon, M&M Financial

     BSE Midcap index fell 1 percent dragged by the L&T Finance, Biocon, M&M Financial
  • December 24, 2021 / 03:18 PM IST

    BSE Power index shed 1 percent dragged by the BHEL, Adani Green, NTPC

     BSE Power index shed 1 percent dragged by the BHEL, Adani Green, NTPC
  • December 24, 2021 / 03:13 PM IST

    Markets at 3 PM
    Benchmark indices skid deeper into red amid volatility with Nifty below 17000.
    The Sensex was down more than 200 points trading around 57000

  • December 24, 2021 / 03:10 PM IST

    Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities:
     
    Markets started the week with correction amid concerns of rising Omicron variant cases and increasing hawkishness from global Central Banks. In line with global markets, the domestic markets recovered some losses during the week. BSE Sensex and Nifty 50 ended the week almost flat. 

    With market volatility, defensive sectors saw interest from the market participants. BSE IT, BSE FMCG, and BSE Healthcare index gave positive returns. On the other hand, BSE Bankex and BSE Oil & Gas index witnessed selling pressure. 

    While the US 10 year treasury yield remained broadly stable, oil prices have again started to move higher. So far this month, FII continues to be a net seller in the Indian market. Apart from inflation and global Central Bank announcements, global and domestic markets will continue to keep track of the Omicron variant spread.

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  • December 24, 2021 / 02:43 PM IST

    IMF extends emergency funding by 18 months due to COVID
    The International Monetary Fund said Thursday it will extend its flexible access to emergency funding for an additional 18 months to help nations severely impacted by the Covid-19 pandemic.
    The IMF's executive board agreed on Monday to "temporary increases to the cumulative access limits under its emergency financing instruments" through June 2023, the Washington-based crisis lender said in a statement.
    In April 2020, due to COVID, the IMF eased access to such aid, including raising the level of funding that countries could obtain.
    The programs have already been extended twice, in September 2020 and again last March.

  • December 24, 2021 / 02:31 PM IST

    NSE Top Gainers