Sensex Ends Volatile Session On A Flat Note, Nifty Holds 23,750; Adani Ports Jumps 5%
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Benchmark Indian equity indices BSE Sensex and Nifty50 were marginally higher on Thursday
Sensex Today.
Stock Market Today: Benchmark equity indices, the BSE Sensex and NSE Nifty50, closed Thursday’s volatile session on a flat note. The 30-share Sensex ended at 78,472.48, down slightly by 0.39 points, after fluctuating between 78,898.37 and 78,173.38 during the day.
On the NSE, the Nifty50 closed at 23,750.20, gaining 22.55 points or 0.1% from its previous close. The Nifty50 reached an intraday high of 23,854.50 and a low of 23,653.60.
Out of the 50 Nifty50 constituent stocks, 31 ended in the green, led by Adani Ports, Shriram Finance, Mahindra & Mahindra, Maruti Suzuki India, and SBI Life Insurance, with gains up to 5.22%. On the downside, 18 stocks, including Titan, Asian Paints, Grasim, JSW Steel, and Tata Consumer Products, closed lower, with losses up to 1.17%. Notably, Infosys ended the day flat.
In the broader market, the Nifty Midcap100 rose by 0.12%, while the Nifty Smallcap100 fell slightly by 0.02%.
Global Cues
Markets in the Asia-Pacific region were mostly higher on Thursday, although the Australian, New Zealand, and Hong Kong markets were closed for Boxing Day.
Japan’s Nikkei 225 gained 0.42%, while the Topix rose by 0.51%, following reports that Japan is preparing a record $735 billion budget for the new fiscal year starting in April.
South Korea’s Kospi edged up by 0.17%, while the Kosdaq declined by 0.11%.
In mainland China, the CSI 300 fell by 0.15%, and the Shanghai Composite slipped by 0.12%.
On Tuesday, Wall Street capped a global share rally in light trading due to early market closures on Christmas Eve. The dollar strengthened amid higher Treasury yields and speculation that the Federal Reserve would slow its easing in 2025.
The Dow Jones Industrial Average finished 0.91% higher, the S&P 500 rose 1.1%, and the Nasdaq Composite climbed 1.35%.
Most financial centers were closed on Wednesday for Christmas, with the US reopening on Thursday, while many other markets had a second day off.
MSCI’s global stock index rose by more than 0.5%. The pan-European STOXX 600 index increased by 0.18%, with the FTSE 100 in Britain rising 0.19% and France’s CAC 40 gaining 0.14%. German markets were closed for the holiday.
On Tuesday, Chinese stocks saw a rise after Reuters reported that Beijing plans to issue a record amount of special treasury bonds next year as part of its fiscal stimulus to revive a struggling economy. The CSI 300 blue-chip index and the Shanghai Composite Index both gained 1.3%, while Hong Kong’s Hang Seng Index advanced by 1.1%.
