The Indian stock market showcased a robust performance on 13th December 2024, with key indices such as the NIFTY 50 and SENSEX recording significant gains, reflecting positive investor sentiment. The market momentum was largely driven by strong performances in the banking, IT, and FMCG sectors, which helped offset declines in the metals and small-cap segments. The NIFTY 50 surged by 219.60 points (0.89%) to close at ₹24,768.30, while the SENSEX gained an impressive 843.16 points (1.04%) to end at ₹82,133.12, indicating renewed confidence among traders and institutional investors. Meanwhile, sectoral indices like NIFTY IT and NIFTY BANK also delivered substantial gains, reflecting resilience across key economic drivers. However, the broader market painted a mixed picture, with the BSE SmallCap Index declining by 167.68 points (-0.29%), suggesting caution among investors in smaller stocks. This dichotomy between the major and small-cap indices underscores the selective nature of market participation and the importance of sectoral and stock-specific dynamics in shaping the day’s trading trends.
Index Performance
- NIFTY 50 rose by 219.60 points (0.89%) to close at ₹24,768.30.
- SENSEX jumped by 843.16 points (1.04%) to end at ₹82,133.12.
- NIFTY BANK gained 367.35 points (0.69%) to finish at ₹53,583.80.
- NIFTY IT added 294.15 points (0.64%), closing at ₹45,995.80.
- BSE SMALLCAP fell by 167.68 points (-0.29%) to settle at ₹56,957.46.
Top Gainers
The day’s top-performing stocks included:
- Bharti Airtel: Climbed 4.42% to ₹1,681.75, leading the rally.
- Kotak Mahindra Bank: Gained 2.09%, closing at ₹1,805.65.
- ITC: Increased by 2.04%, ending at ₹470.00.
- Hindustan Unilever (HUL): Added 1.93%, finishing at ₹2,390.10.
- UltraTech Cement: Rose 1.91% to ₹12,083.90.
Top Losers
Key laggards in the session were:
- Shriram Finance: Declined by 2.63%, closing at ₹3,162.55.
- Tata Steel: Dropped 1.21%, ending at ₹148.95.
- IndusInd Bank: Fell 1.13%, settling at ₹986.65.
- Hindalco: Lost 0.99%, closing at ₹662.10.
- JSW Steel: Down by 0.59%, finishing at ₹999.85.
52-Week High Stocks
The following stocks hit their 52-week highs today:
- HCL Tech: Peaked at ₹1,968.80, gaining 1.68%.
- Infosys: Reached ₹1,999.70, ending the day 0.64% higher.
52-Week Low Stocks
On the flip side, these stocks hit their 52-week lows:
- IndusInd Bank: Slumped to ₹986.65, declining 1.13%.
- Asian Paints: Dropped to ₹2,407.65, but recovered slightly with a 0.76% gain
Market Highlights
Today’s session was dominated by gains in banking, IT, and FMCG sectors, which offset minor losses in metals and small-cap stocks. The indices are poised for further movements amid ongoing global and domestic economic developments.
Institutional Investments on 13th December 2024
Institutional investors played a significant role in shaping the market dynamics today. While Foreign Institutional Investors (FIIs) remained net buyers, showcasing robust participation in the Indian equity market, Domestic Institutional Investors (DIIs) took a more cautious approach, registering net selling activity. The contrasting strategies of these key market participants highlight differing perspectives on valuation and market trends. Below is a detailed summary of their trading activity.
| Category | Date | Buy Value (₹ Crores) | Sell Value (₹ Crores) | Net Value (₹ Crores) |
|---|---|---|---|---|
| DII | 13-Dec-2024 | 9,616.97 | 10,349.17 | -732.20 |
| FII/FPI | 13-Dec-2024 | 15,968.39 | 13,633.07 | 2,335.32 |
Analysis:
- FIIs: With a net inflow of ₹2,335.32 crores, FIIs demonstrated a strong appetite for Indian equities, likely driven by optimism surrounding macroeconomic indicators and sectoral growth prospects. This sustained buying indicates a positive outlook for the Indian market among global investors.
- DIIs: In contrast, DIIs recorded net selling of ₹732.20 crores, potentially suggesting profit-booking or a cautious approach in response to recent market volatility.