Stock Market Today Analysis 12th Dec 2024 NSE/BSE

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The Indian stock market witnessed a broad-based decline on 12th December 2024, as major indices closed in the red. The NIFTY 50 ended at 24,548.70, down by 93.10 points (-0.38%), while the SENSEX slipped 236.18 points (-0.29%) to close at 81,289.96. Similarly, the NIFTY BANK shed 174.90 points (-0.33%) to settle at 53,216.45.

Amid the market downturn, the NIFTY IT index bucked the trend, gaining 0.77% and closing at 45,701.65, supported by strong performances in IT heavyweights. However, the BSE SmallCap index faced a significant loss, falling by 1.00% and closing at 57,125.14, reflecting weakness in smaller companies.

Stock Market Analysis: 12th December 2024

Top Gainers

Several stocks managed to post gains despite the overall market weakness.

  • Adani Enterprises led the pack with a gain of 1.91%, closing at ₹2,504.10.
  • Bharti Airtel advanced by 1.55%, ending at ₹1,610.55.
  • Tech Mahindra rose by 1.52%, touching a high of ₹1,789.60.
  • IndusInd Bank climbed 1.33% to close at ₹997.95.
  • Adani Ports added 0.83%, settling at ₹1,244.00.

Top Losers

On the flip side, some stocks faced sharp declines:

  • NTPC: Declined by 2.71%, closing at ₹355.60.
  • Hindustan Unilever (HUL): Fell by 2.35%, ending at ₹2,344.95.
  • Hero MotoCorp: Dropped 2.01%, settling at ₹4,556.75.
  • Coal India: Lost 1.88%, closing at ₹409.10.
  • BPCL: Declined by 1.72%, finishing at ₹302.15.

These declines highlight pressure on key sectors, particularly in energy and consumer goods.

52-Week High Stocks

Despite the broader market fall, a few stocks touched their 52-week highs, showcasing resilience:

  • Tech Mahindra: ₹1,789.60 (+1.52%)
  • Infosys: ₹1,987.00 (+0.65%)
  • HCL Tech: ₹1,936.20 (+0.27%)
  • Wipro: ₹309.10 (+0.03%)

52-Week Low Stocks

Some stocks, however, hit their 52-week lows, reflecting ongoing pressure:

  • Asian Paints: ₹2,380.70, closing at ₹2,389.55
  • Hero Motocorp: ₹4,556.75 (-2.01%)
  • Coal India: ₹409.10 (-1.88%)
  • BPCL: ₹302.15 (-1.72%)

Conclusion

The market sentiment today remained largely bearish, driven by a decline in broader indices and pressure on small-cap stocks. While the IT sector provided some relief, the sell-off in other key sectors overshadowed gains. Investors are advised to focus on fundamentally strong stocks and sectors showing resilience amid market volatility.

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