The Indian stock market witnessed a mixed trading session on 11th December 2024. While broader indices like NIFTY 50 and SENSEX closed with marginal gains, banking stocks faced selling pressure. Here’s a detailed overview of today’s market performance.
Index Performance
| Index | Price | Change | % Change |
|---|---|---|---|
| NIFTY 50 | 24,641.80 | 31.75 | 0.13% |
| SENSEX | 81,526.14 | 16.09 | 0.02% |
| NIFTY BANK | 53,391.35 | -186.35 | -0.35% |
| NIFTY IT | 45,350.35 | 150.60 | 0.33% |
| BSE SMALLCAP | 57,703.48 | 200.36 | 0.35% |
- NIFTY 50 and SENSEX ended in the green, driven by gains in select large-cap stocks.
- NIFTY BANK dropped by 0.35%, dragged down by heavyweights like Axis Bank and SBI.
- NIFTY IT led the recovery, rising 0.33% on robust buying in IT stocks.
- BSE SMALLCAP continued its upward trend, gaining 0.35% as mid- and small-cap stocks attracted investor interest.
Top Gainers
| Company | Current Price (₹) | % Gain |
|---|---|---|
| Trent | 7,063.30 | 2.69% |
| Bajaj Finance | 7,115.10 | 2.58% |
| Britannia | 4,889.50 | 2.14% |
| Shriram Finance | 3,248.25 | 1.94% |
| Bajaj Finserv | 1,686.50 | 1.39% |
Top Losers
| Company | Current Price (₹) | % Loss |
|---|---|---|
| JSW Steel | 1,000.20 | -1.26% |
| Adani Ports | 1,233.80 | -1.20% |
| NTPC | 365.50 | -0.99% |
| SBI | 861.60 | -0.68% |
| Axis Bank | 1,147.25 | -0.55% |
JSW Steel and Adani Ports led the decliners, facing selling pressure amid broader profit-booking.
Sectoral Highlights
- IT stocks rallied, with NIFTY IT rising 0.33%. Stocks like Wipro and HCL Tech saw notable gains.
- Banking stocks struggled, pulling down NIFTY BANK by 0.35%.
Market Sentiment
The market showcased resilience as key indices managed to hold on to gains despite some volatility. Gains in consumer and IT stocks cushioned the losses in banking and metal stocks.
Institutional Investment Activity – 11th December
On 11th December 2024, institutional investors displayed contrasting trading behaviors in the Indian stock market. Domestic Institutional Investors (DIIs) showed strong buying momentum with a net purchase of ₹2,007.85 crore, as their buy value totaled ₹11,396.21 crore against a sell value of ₹9,388.36 crore.
On the other hand, Foreign Institutional Investors (FIIs) recorded a net outflow of ₹1,012.24 crore. Their buy value stood at ₹11,528.68 crore, while the sell value was higher at ₹12,540.92 crore.
| Category | Date | Buy Value (₹ Crores) | Sell Value (₹ Crores) | Net Value (₹ Crores) |
|---|---|---|---|---|
| DII | 11-Dec-2024 | 11,396.21 | 9,388.36 | 2,007.85 |
| FII/FPI | 11-Dec-2024 | 11,528.68 | 12,540.92 | -1,012.24 |
Conclusion
The markets closed on a mixed note with a positive bias. Investors remain cautiously optimistic ahead of global cues and domestic economic developments. The focus remains on key sectors like IT and finance, which continue to drive market momentum.