The Indian stock market showcased a mixed performance on 10th December 2024, with some indices ending in positive territory while others saw minor losses. The broader market sentiment remained mixed as participants weighed the positive momentum in IT and financial stocks against weakness in sectors like telecom and pharma. NIFTY IT was the best-performing index, supported by gains in heavyweight stocks like Infosys, Wipro, and HCL Tech.
On the flip side, stocks like Bharti Airtel and Adani Ports dragged the indices slightly lower. The small-cap segment also witnessed continued buying, reflecting investors’ interest in mid-tier stocks.
Overview of Contents
Index Performance – 10th December 2024
- NIFTY 50 closed marginally lower at 24,610.05, down by 8.95 points (-0.04%).
- SENSEX remained flat, ending at 81,510.05, with a negligible gain of 1.59 points (0.00%).
- NIFTY BANK advanced by 169.95 points (0.32%) to close at 53,577.70.
- NIFTY IT surged by 367.75 points (0.82%), finishing at 45,199.75.
- BSE SMALLCAP showed moderate growth, rising by 189.51 points (0.33%) to close at 57,503.12.
Top Gainers
Several stocks witnessed strong buying interest, contributing to market stability:
| Company | Current Price (₹) | % Gain |
|---|---|---|
| Shriram Finance | 3,186.50 | 2.56% |
| Bajaj Finserv | 1,663.40 | 1.61% |
| Wipro | 308.10 | 1.43% |
| HCL Tech | 1,936.35 | 1.38% |
| Infosys | 1,948.55 | 1.29% |
Top Losers
Despite positive momentum in some sectors, certain stocks faced selling pressure:
| Company | Current Price (₹) | % Loss |
|---|---|---|
| Bharti Airtel | 1,578.65 | -1.49% |
| Adani Ports | 1,248.75 | -1.43% |
| HDFC Life | 633.30 | -1.32% |
| Dr Reddy’s Labs | 1,240.35 | -1.18% |
| Adani Enterprises | 2,467.20 | -1.15% |
52-Week High Stocks
Several stocks hit their 52-week highs today, indicating robust market confidence in these companies:
| Company | Day’s High (₹) | Current Price (₹) |
|---|---|---|
| Wipro | 308.10 | 308.10 |
| HCL Tech | 1,936.35 | 1,936.35 |
| Larsen | 3,923.15 | 3,923.15 |
FII/DII data for 10th December 2024
| Category | Date | Buy Value (₹ Crores) | Sell Value (₹ Crores) | Net Value (₹ Crores) |
|---|---|---|---|---|
| DII | 10-Dec-2024 | 11,264.73 | 10,658.94 | 605.79 |
| FII/FPI | 10-Dec-2024 | 19,936.98 | 18,651.02 | 1,285.96 |
- DII (Domestic Institutional Investors) have bought ₹11,264.73 Crores worth of stocks and sold ₹10,658.94 Crores, resulting in a net purchase of ₹605.79 Crores.
- FII (Foreign Institutional Investors) bought ₹19,936.98 Crores worth of stocks and sold ₹18,651.02 Crores, leading to a net purchase of ₹1,285.96 Crores.
Conclusion
The stock market on 10th December 2024 presented a mixed bag of performances, with indices like NIFTY IT and BSE SMALLCAP leading the charge, while others such as NIFTY 50 and SENSEX remained subdued. Gains in IT and financial stocks offered some positivity, but selling pressure in telecom and select large caps kept the overall sentiment cautious.
As the market navigates through a period of consolidation, investors are likely to focus on upcoming economic cues and global trends to gauge future market direction. The steady performance of small-cap stocks and fresh 52-week highs in IT majors reflect optimism in select segments, suggesting opportunities for selective stock-picking in the days ahead.