The Indian stock market displayed a mixed performance today as key indices ended on a flat note amid cautious sentiment. While Nifty 50 and Sensex saw marginal gains, the banking and small-cap indices outperformed, reflecting sectoral optimism.
Overview of Contents
Stock Market Analysis for 4th December 2024Â
| Index | Price | Change | % Change |
|---|---|---|---|
| NIFTY 50 | 24,467.45 | 10.30 | 0.04 |
| SENSEX | 80,956.33 | 110.58 | 0.14 |
| NIFTY BANK | 53,266.90 | 571.15 | 1.08 |
| NIFTY IT | 43,949.25 | 194.30 | 0.44 |
| BSE SMALLCAP | 56,617.46 | 379.99 | 0.68 |
The Nifty 50 closed at 24,467.45, up by a modest 10.30 points (0.04%), while the Sensex climbed 110.58 points (0.14%), settling at 80,956.33. The highlight of the day was the Nifty Bank, which surged by 1.08%, reflecting strength in the banking sector.
Top Gainers
| Company | Current Price (₹) | % Gain |
|---|---|---|
| HDFC Life | 650.25 | 2.56 |
| HDFC Bank | 1,860.10 | 1.85 |
| Apollo Hospital | 7,232.35 | 1.48 |
| NTPC | 372.75 | 1.44 |
| Bajaj Finserv | 1,628.10 | 1.31 |
HDFC Life emerged as the top gainer, rising 2.56%, followed by HDFC Bank, which added 1.85%, supported by positive sentiment in the financial sector.
Top Losers
| Company | Current Price (₹) | % Loss |
|---|---|---|
| Bharti Airtel | 1,584.10 | -2.25 |
| Cipla | 1,500.85 | -2.15 |
| Bajaj Auto | 8,999.15 | -1.78 |
| Tata Motors | 788.10 | -1.64 |
| Adani Ports | 1,269.55 | -1.48 |
Bharti Airtel led the losers’ list, declining 2.25%, followed by Cipla and Bajaj Auto, which fell by 2.15% and 1.78%, respectively.
FII and DII Activity on 4th December 2024
On 4th December 2024, Domestic Institutional Investors (DII) sold more stocks than they bought, leading to a net outflow of ₹900.62 crores. On the other hand, Foreign Institutional Investors (FII/FPI) were net buyers, with a net inflow of ₹1,797.60 crores. This shows that while domestic investors may have been cautious, foreign investors remained optimistic, helping to maintain some stability in the market.
| Category | Buy Value (₹ Crores) | Sell Value (₹ Crores) | Net Value (₹ Crores) |
|---|---|---|---|
| DII | 14,082.28 | 14,982.90 | -900.62 |
| FII/FPI | 19,968.95 | 18,171.35 | 1,797.60 |
Sectoral Highlights
- Banking Sector: Strong momentum was seen in the banking space, with Nifty Bank rising by over 1%. HDFC Bank’s gains contributed significantly to this rally.
- Small-cap Index: The BSE SmallCap index gained 0.68%, indicating broader market participation.
- IT Sector: The Nifty IT index rose 0.44%, driven by positive sentiment around technology stocks.
Market Sentiments
Today’s flat closing reflects a cautious sentiment as investors weigh global cues and upcoming macroeconomic data. The FII inflows from previous sessions have helped sustain market levels. However, profit-booking in select sectors capped gains.
The market remains in a neutral zone with immediate resistance seen at 24,555 on the Nifty 50. A sustained move above this level could trigger further upward momentum, while support lies at 24,135.
Outlook
As we approach the RBI monetary policy meeting on 6th December 2024, market participants will keenly watch for cues on interest rates. Positive cues from global markets and institutional buying trends could continue to support the indices in the short term.