The Indian stock market experienced a mixed session on 6th December 2024, with major indices showing slight declines. NIFTY 50 closed at 24,677.80, down by 30.60 points (-0.12%), while SENSEX finished at 81,709.12, shedding 56.74 points (-0.07%). The NIFTY BANK index recorded a loss of 94.05 points (-0.18%), settling at 53,509.50, and NIFTY IT saw a decline of 90.35 points (-0.20%), closing at 44,716.05. However, the BSE SMALLCAP index bucked the trend, posting a positive gain of 342.93 points, or 0.60%, closing at 57,050.71. Despite the overall weakness in major indices, the small-cap stocks showed resilience, driven by select strong performers in the market.
On December 6, 2024, the RBI kept the repo rate unchanged at 6.5% for the 11th consecutive time, while reducing the cash reserve ratio (CRR) by 50 basis points to 4%. This decision comes amid rising inflation (6.2% in October 2024) and slower GDP growth (5.4% in Q2 FY25). It could be the final Monet.
Top Gainers
| Company | Price (₹) | % Gain |
|---|---|---|
| Tata Motors | 816.80 | 3.06 |
| Bajaj Auto | 9,099.90 | 2.34 |
| Axis Bank | 1,184.55 | 1.56 |
| Maruti Suzuki | 11,317.95 | 1.21 |
| SBI Life Insura | 1,448.55 | 1.17 |
Top Losers
| Company | Price (₹) | % Loss |
|---|---|---|
| Adani Ports | 1,259.05 | -1.41 |
| Cipla | 1,477.40 | -1.39 |
| Bharti Airtel | 1,597.85 | -1.08 |
| HDFC Life | 636.50 | -1.03 |
| Asian Paints | 2,429.70 | -0.92 |
52-Week High Nifty 50 Stocks
| Company | 52-Week High (₹) | Current (₹) |
|---|---|---|
| HCL Tech | 1,922.70 | -0.07 |
| Tech Mahindra | 1,782.80 | -0.23 |
Market Insights
- The market witnessed a mixed performance today, with the NIFTY 50 and NIFTY BANK in the red, reflecting slight corrections.
- BSE SMALLCAP outperformed the major indices, showing positive sentiment in smaller stocks.
- Tata Motors and Bajaj Auto were the key gainers, while Adani Ports and Cipla faced declines.
- 52-week high stocks like HCL Tech and Tech Mahindra continue to show strong performance despite slight dips.
The market is awaiting the Reserve Bank of India’s monetary policy decision, which could play a key role in influencing market direction in the coming days.