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Closing Bell: Sensex, Nifty flat on expiry day; autos shine, media drag
Market Close | Sensex, Nifty end flat
Indian benchmark indices ended on flat note in the volatile session on December 26. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20.
We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.
Vinod Nair, Head of Research, Geojit Financial Services
On the last expiry day of the year, the domestic market remained flat throughout the day amidst holidays in peer markets and a lack of major domestic or global triggers. Auto shares saw gains from recent corrections. However, concerns over FII outflows and the depreciating rupee persist, given the strengthening US dollar index and worries about potential adverse tariffs and concerns over rate cuts in 2025, held the muted market trend.
Chandan Taparia, Head-Equity Derivatives & Technicals, Wealth Management, MOFSL
This week Nifty traded in a narrow range of 300 points, showing no clear direction. For the last three days index struggled near the 23870 level on the upside while finding support around 23600 on the downside. This tug of war between bulls and bears led to the formation of multiple Doji candles and inside bars on the daily chart indicating indecision. Nifty is hovering near its 200-day EMA and trading below its short-term moving averages as well. On the weekly chart, the index has formed a Doji candle indicating support-based buying, but with limited upside potential.
FII selling pressure has been significant as reflected by a decline in the Long-Short ratio which has dropped to 23%. Based on the current price structure as long as Nifty trades above the 24500 zone index can witness some swings towards 23900-24000 zone.
On option front, Maximum Call OI is at 24000 then 25000 strike while Maximum Put OI is at 23800 then 23000 strike. Call writing is seen at 23800 then 24000 strike while Put writing is seen at 23800 then 23000 strike. Option data suggests a broader trading range in between 23200 to 24200 zones while an immediate range between 23500 to 23900 levels.
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Aditya Gaggar Director of Progressive Shares
The bulls are finding it difficult to overcome the immediate hurdle of 23,850. After a firm opening, the Index advanced under the leadership of the Banking stocks but the rally quickly fizzled out and in the absence of any triggers, the markets oscillated in a tight range before concluding the day at 23,750.20 with marginal gains of 22.55 points.
Among the sectors, Auto and Pharma were the top performers whereas Media and FMCG were the laggards. The lacklustre activity was seen in the broader markets also.
As stated earlier, we need a convincing move on either sides of a well-maintained range of 23,650-23,850.
Currency Check | Rupee closes at fresh record low
Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20.
Market Close | Sensex flat, Nifty at 23,750 on expiry day; auto, pharma shine, media drag
Indian benchmark indices ended on flat note in the volatile session on December 26.
At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20. About 1599 shares advanced, 2219 shares declined, and 95 shares unchanged.
Adani Ports, Shriram Finance, M&M, Maruti Suzuki, SBI Life Insurance were among major gainers on the Nifty, while losers were Titan Company, Asian Paints, Nestle, JSW Steel, Grasim Industries.
BSE midcap and smallcap indices ended flat.
On the sectoral front, buying was seen in the auto, energy, pharma, realty, PSU Bank, while selling was seen in the metal, FMCG, media.
Global Markets | Dow Jones Futures trades lower
Sensex Today | Bandhan Bank shares snaps two-day winning run
| Index | CMP Chg(%) | YTD(%) 1 Week(%) | 1 Month(%) 1 Year(%) |
|---|---|---|---|
| NIFTY Auto | 22884.40 0.88 | 22.91 -0.81 | -2.26 27.46 |
| NIFTY IT | 43631.55 -0.09 | 22.85 -2.94 | -1.03 22.93 |
| NIFTY Pharma | 22705.40 0.65 | 34.90 0.03 | 3.39 37.09 |
| NIFTY FMCG | 56285.30 -0.27 | -1.23 0.23 | -2.68 1.44 |
| NIFTY PSU Bank | 6613.30 0.06 | 15.75 -2.09 | -2.60 18.59 |
| NIFTY Metal | 8791.50 -0.3 | 10.20 -2.07 | -1.40 13.59 |
| NIFTY Realty | 1075.05 0.03 | 37.29 -2.56 | 4.46 40.55 |
| NIFTY Energy | 35146.65 0.18 | 5.02 -1.35 | -4.29 5.72 |
| NIFTY Infra | 8526.30 0.25 | 16.74 -1.23 | -1.58 18.48 |
| NIFTY Media | 1844.95 -1.56 | -22.75 -3.93 | -5.05 -22.37 |
Stock Market LIVE Updates | International Gemmological Institute shares extend gains on fourth day
Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan
Indian Rupee fell to a fresh all-time low on Thursday on strong US Dollar and rising US treasury yields. 10-year US treasury yields are at the highest levels in seven months. Surge in crude oil prices and dollar demand from importers also weighed on the Rupee. Most global markets are closed today on account of Boxing Day holiday.
We expect Rupee to trade with a negative bias on strength in the US Dollar and geopolitical tensions. Month-end/year-end Dollar demand and FII outflows may also weigh on the Rupee. However, any intervention by the RBI may support Rupee at lower levels. Traders may take cues from weekly unemployment claims data from the US. USDINR spot price is expected to trade in a range of Rs 85.10 to Rs 85.45.
Stock Market LIVE Updates | Mazagon Dock shares break five-day losing streak
Markets@3 | Sensex, Nifty flat
The Sensex was up 12.62 points or 0.02 percent at 78,485.49, and the Nifty was up 26.60 points or 0.11 percent at 23,754.25. About 1391 shares advanced, 2065 shares declined, and 74 shares unchanged.
Stock Market LIVE Updates | Intellect Design Arena shares gain more than 12% to highest in 3 months
The share price crossed Rs 1000 mark post 26 Septrmber.
Stock Market LIVE Updates | CG Power and Industrial Solutions shares snap six-day fall
Stock Market LIVE Updates | Saurashtra Cement shares extend gains on second day
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Hathway Cable | 15.25 | -5.81 | 22.00m |
| PVR INOX | 1,325.95 | -3.49 | 876.36k |
| Saregama India | 466.60 | -2.2 | 88.69k |
| Network 18 | 71.90 | -2.14 | 1.27m |
| Den Networks | 40.76 | -1.47 | 707.56k |
| Tips Music | 792.90 | -1.35 | 75.86k |
| Sun TV Network | 684.30 | -1.1 | 243.10k |
| Zee Entertain | 125.00 | -0.9 | 3.04m |
| Dish TV | 10.43 | -0.76 | 4.36m |
Stock Market LIVE Updates | Adani Port shares trade higher
Brokerage Call | Equirus keeps ‘long’ call on Antony Waste, target at Rs 720
#1 Companies H1FY25 revenue was flat YoY as total tonnage handled at nearly 2.37 million tonnes
#2 Collection & transportation division handled 0.96 million tonnes, up 7 percent YoY in 1HFY25
#3 Going ahead, believe company’s earnings would be fuelled by new C&T contract wins
#4 Incremental volumes at the Kanjurmarg project can also contribute to results
#5 Core EBITDA margin for H1FY25 stood at 21.1 percent vs 19.5 percent in H1FY24
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| M&M | 2,975.90 | 1.61 | 1.71m |
| Maruti Suzuki | 10,886.90 | 1.4 | 263.05k |
| Apollo Tyres | 540.85 | 1.13 | 1.19m |
| Bajaj Auto | 8,855.00 | 0.88 | 199.36k |
| Tata Motors | 741.30 | 0.71 | 7.91m |
| Hero Motocorp | 4,278.35 | 0.45 | 315.83k |
| MRF | 130,736.80 | 0.3 | 3.68k |
| Balkrishna Ind | 2,816.70 | 0.27 | 129.19k |
| TVS Motor | 2,432.15 | 0.21 | 326.06k |
| Eicher Motors | 4,798.05 | 0.11 | 215.43k |
| Ashok Leyland | 220.05 | 0.08 | 2.69m |
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| MOTHERSON | 156.06 | -0.73 | 11.61m |
| Bharat Forge | 1,315.50 | -0.7 | 626.88k |
| Exide Ind | 416.30 | -0.44 | 1.44m |
| Bosch | 34,253.40 | -0.44 | 9.93k |
Sensex Today| Capital Trust starts disbursing secured loans
Sensex Today| PVR stock down 3%; has fallen 13% in December so far
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Sensex Today| Taj GVK Hotels stock up 9%, most in nine months
Sensex Today| Quess Corp: Court disposed case of Rs180 crore tax demand, penalty
Markets@2 | Sensex, Nifty trade flat
The Sensex was down 18.47 points or 0.02 percent at 78,454.40, and the Nifty was up 16.90 points or 0.07 percent at 23,744.55. About 1379 shares advanced, 2058 shares declined, and 72 shares unchanged.
Stock Market LIVE Updates | Vantage Knowledge Academy to consider bonus issue
A meeting of the board of directors of the company will be held on Tuesday, 7th January, 2024 to consider and approve the proposal for payment of interim dividend if any, on the equity shares of the company and the proposal for bonus issue along-with other matter, if any, as may be permitted under applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company.
Stock Market LIVE Updates | Redtape shares gain as board proposes bonus shares
Subject to approval of members of the company, the board has proposed to issue bonus shares to its equity shareholders in the proportion of 3: 1 i.e. 3 new fully paid-up equity share of Rs 2 each for every 1 existing fully paid-up equity share of Rs 2 each.
Stock Market LIVE Updates | ACME Solar Holdings secures Rs 1,988 cr in financing from PFC
ACME Renewtech, a subsidiary of ACME Solar Holdings has successfully secured Rs 1,988 crore in term loan financing from Power Finance Corporation (PFC) to fund the development and construction of a 300 MW Solar-Wind Hybrid Renewable Energy Project.
In addition to this significant development, ACME Solar has achieved another milestone in its renewable energy portfolio by securing a 300 MW Solar Power Project under the SECI-ISTS XVIII scheme at a tariff of Rs 3.05 per unit.
Stock Market LIVE Updates | Panacea Biotec receives Letter of Award from UNICEF
The company has received a Letter of Award from UNICEF for the supply of 115 million doses of its bivalent oral polio vaccine (bOPV), valued at USD 14.95 million (approximately Rs 127 crore), for CY2025.
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Adani Total Gas | 682.50 | 1.59 | 62.09k |
| Petronet LNG | 342.75 | 0.62 | 18.99k |
| BPCL | 293.15 | 0.45 | 565.81k |
| ONGC | 239.90 | 0.36 | 179.64k |
Stock Market LIVE Updates | Adani Group stocks trade higher
Stock Market LIVE Updates | Religare Enterprises arm gets SEBI approval
The company's subsidiary, Religare Broking, registered as a Depository Participant, has received approval from SEBI for changes in shareholding, control, and management.
Stock Market LIVE Updates | Macrotech Developers gets arbitration award to pay Rs 40 crore to a vendor
The company has received an arbitration award directing its subsidiary, Cowtown Infotech Services, to pay Rs 40 crore (plus interest) to a vendor in relation to a terminated contract. Cowtown Infotech Services plans to challenge the award in an appropriate forum.
Stock Market LIVE Updates | Amber Enterprises shares rises on fifth consecutive session
Stock Market LIVE Updates | Kody Technolab to form JV with Platinum Group in UAE
Kody Technolab shares extend gain on the second consecutive session
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Maruti Suzuki | 10,929.90 | 1.8 | 199.28k |
| M&M | 2,978.40 | 1.7 | 1.30m |
| Apollo Tyres | 541.00 | 1.16 | 1.03m |
| Tata Motors | 744.40 | 1.13 | 5.68m |
| TVS Motor | 2,445.35 | 0.75 | 188.35k |
| Bajaj Auto | 8,843.10 | 0.74 | 133.78k |
| Hero Motocorp | 4,290.45 | 0.74 | 244.39k |
| Balkrishna Ind | 2,819.35 | 0.36 | 64.89k |
| MRF | 130,647.35 | 0.23 | 3.03k |
| Bosch | 34,410.00 | 0.01 | 5.53k |
Stock Market LIVE Updates | India Volatility index up 6%
Stock Market LIVE Updates | New India Assurance Company shares break 2-day fall
| Company | CMP | Chg(%) | 3 Days Ago Price |
|---|---|---|---|
| Asian Hotels | 276.87 | 27.05 | 217.93 |
| Kohinoor Foods | 50.51 | 26.50 | 39.93 |
| Sundaram Brake | 1,323.00 | 25.35 | 1,055.45 |
| Amber Enterpris | 7,654.15 | 25.01 | 6,122.90 |
| Amines Plast | 321.25 | 24.37 | 258.30 |
| Intellect Desig | 1,015.20 | 23.84 | 819.80 |
| Hind Motors | 30.68 | 22.92 | 24.96 |
| Esprit Stones | 113.25 | 21.64 | 93.10 |
| Mohit Ind | 52.05 | 21.24 | 42.93 |
| DC Infotech | 383.75 | 20.71 | 317.90 |
| Guj Raffia Ind | 96.04 | 15.74 | 82.98 |
| Shradha Infra | 93.62 | 15.74 | 80.89 |
| Shradha Infra | 93.62 | 15.74 | 80.89 |
| Shradha Infra | 93.62 | 15.74 | 80.89 |
| Shakti Pumps | 1,066.20 | 15.73 | 921.25 |
| A2Z Infra Eng | 25.26 | 15.71 | 21.83 |
| Sonu Infratech | 120.00 | 15.66 | 103.75 |
| Globe Internati | 97.00 | 15.61 | 83.90 |
| Blue Coast | 14.24 | 15.58 | 12.32 |
| Madhya Pradesh | 43.90 | 15.53 | 38.00 |
Global Markets | Asian Markets end mixed
| Company | CMP | High Low | Fall from Day's High |
|---|---|---|---|
| Kotak Mahindra | 1,754.95 | 1,769.45 1,742.05 | -0.82% |
| IndusInd Bank | 937.20 | 945.00 928.25 | -0.83% |
| Federal Bank | 197.65 | 199.39 196.52 | -0.87% |
| Bank of Baroda | 246.17 | 248.70 244.99 | -1.02% |
| PNB | 102.15 | 103.29 101.69 | -1.1% |
| HDFC Bank | 1,791.70 | 1,812.00 1,787.75 | -1.12% |
| SBI | 812.80 | 822.85 811.10 | -1.22% |
| ICICI Bank | 1,293.95 | 1,312.75 1,289.20 | -1.43% |
| Axis Bank | 1,074.55 | 1,092.60 1,072.75 | -1.65% |
| AU Small Financ | 548.60 | 557.85 546.20 | -1.66% |
| Canara Bank | 100.90 | 102.63 100.61 | -1.69% |
| IDFC First Bank | 61.95 | 63.16 61.80 | -1.92% |
Stock Market LIVE Updates | Bharat Road Network appoints Manisha Chandalia as CFO
The Board has appointed Manisha Chandalia as Chief Financial Officer (CFO) of the company, effective December 24.
Stock Market LIVE Updates | EaseMyTrip expands retail presence, launches new franchise store in Srikalahasti, Andhra Pradesh
EaseMyTrip.com announced the launch of its newest franchise store in Srikalahasti, Andhra Pradesh. This is the company's 23rd franchise store.
Stock Market LIVE Updates | IRDAI issues certificate of registration to act as Corporate Agent
Brokerage Call | ICICI Securities maintains ‘buy’ rating on Cello World, target at Rs 960
#1 Remain constructive as there are multiple growth tailwinds in FY26
#2 Commencement of glassware unit in Q2FY25 may start contributing to revenue & earnings
#3 Integration of wimplast with itself will allow to unlock synergy benefits in distribution
#4 Investment in brand building, digital spends & quick comm may contribute materially to earnings in FY26
#5 Some growth spurts visible in few pockets in Q3FY25, indicating demand recovery
