Share Market Today: Key Moves, Market Mood, Top Stocks

Introduction

Share Market Today (30/12/2024) ended with loss. The Nifty 50 fell 169 points to 23,644.90, while the Sensex dropped 451 points to 78,248.13.

The flagship index of the Indian stock market, the Nifty 50, ended Monday, December 30, over 1% lower, ending its two-day winning streak. The losses were driven by major banks, such as HDFC Bank and ICICI Bank, in the face of negative global cues. With the US dollar strengthening and bond yields rising, global stock market optimism seems fragile as the year comes to an end.

Market Update

Indices Performance:

• Nifty 50: -169 pts or 0.7%
• Sensex: -450 pts or 0.57%

Sector Performance:

• Top Gainers: Nifty Healthcare and Pharma indices closed in green.
• Losers: Nifty bank and finance led the fall.

• Here’s the latest performance for the major indices :

  Index	Current Value	Change	% Change
  Midcap Nifty	12987	+219	+1.71%
  Bank Nifty	50952	-358	-0.69%
  FinNifty	23565	-222.7	-0.93%
  Nifty IT	43971	+0.05	+0.00%

Top Gainers of Share Market Today

Top Losers of Share Market Today

Post-Market Commentary

Market Mood:

• The Nifty hit a high of 23915.35 and a low of 23618.9 during the trading session.
• The Sensex, on the other hand, moved between 79092.7 and 78077.13 before finishing at 78699.07, down 0.54%, or 428.56 points, from its opening price.
• In contrast, the Nifty Midcap 50 closed up 0.76%, indicating that the midcap index performed better.
• As the Nifty Small Cap 100 ended at 18755.85, down 122.65 points or 0.65%, small cap stocks also outperformed the Nifty 50.

•  Most sectoral indices ended in the red, Leading the losses, the Nifty Auto index dropped nearly 2 percent, followed by the Nifty Bank index. Other sectors like energy, infrastructure, and IT, recorded losses, while pharma and information technology bucked the trend.

• As high Treasury yields challenged high Wall Street market valuations and supported the US dollar near multi-month heights, Asian shares dipped slightly on Monday.
• With the New Year’s holiday approaching, the volume was low. The US ISM survey for December is scheduled on Friday, and China’s PMI factory surveys are due on Tuesday.

   

• Despite a 0.2% decline, MSCI’s broadest index of Asia-Pacific stocks outside of Japan is still up 16% for the year. Despite a 0.2% decline, Japan’s Nikkei is still holding onto 20% gains for 2024.

Hot Stocks of Share Market Today

• Maan Aluminium is further planning the expansion of its manufacturing business of Aluminium Extrusion & value added services. Stock trades at ₹132.20 on the BSE, down 2.76%
• Carraro India stock debuted on the NSE at ₹651, at a 7.5% discount against the IPO price ₹704.

Data Impact

• The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.
•  Volatility surged during the session, with the India VIX jumping 7.18 percent to 14.19.
• Indian stock exchanges will remain open for trading on Saturday, February 1, 2025, the day finance minister Nirmala Sitharaman will present the Union Budget in Parliament for FY 2025-26.
• Ten of the 13 major sectors fell. High weightage financials lost about 1%, snapping a two-session gaining streak.

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Sectors

• Nifty Media (down 1.87 percent), Realty (down 1.54 percent), Auto (down 1.43%), and Metal (down 1.27%) were among the sectoral indices that had losses of up to 2%.
• Every financial and banking index experienced a decline.
• The PSU Bank and Private Bank indices declined 1.18 and 0.63 percent, respectively, while the Nifty Bank index slid 0.70 percent.
• The Nifty Financial Services index experienced an almost one percent decline.
• The Nifty Healthcare and Pharma indices, on the other hand, increased by more than 1%.

News and Events of Share Market Today

• Adani Enterprises Ltd (AEL) on Monday said it would completely exit its 44% stake in Adani Wilmar Ltd, raising an estimated $2 billion in the process.
• Kothari Products Ltd. shares rose 7.6% on Monday, December 30, following the announcement of a 1:1 bonus share issue for eligible shareholders.
• Trading volumes are expected to remain thin for the next few sessions owing to the holiday season as the year 2024 draws to a close.

Current IPO Subscription Status

• The initial public offering (IPO) of Unimech Aerospace and Manufacturing Limited received a positive response from the investors, as the public issue was booking 174.93 times subscription on the last day of bidding.

• Anya Polytech & Fertilizers IPO subscribed 275 times on Day 3

FII/FPI & DII trading activity 

Combined FII / FPI & Domestic Institutional Investors (DII) trading data across BSE, NSE and MSEI is collated based on trades executed by FIIs / FPIs and DIIs.

Conclusion
Benchmark equity indices, the BSE Sensex and NSE Nifty50, ended marginally lower on Tuesday.

Stock Market Trading Basics

Part-1: The History of Stock Trading

Part-2: The History of Stock Market Crashes

Part-3: Stock Market Trading: Vocabulary

Part 4: Equity Finance vs Debt Finance

Part-5: Indian Stock Market Holidays Calendar

Part-6: How to Invest Smartly in Stock Market