Stock market ends with marginal losses ahead of Christmas holiday

The Indian stock market on Wednesday ended with marginal losses amid a volatile session ahead of the Christmas holiday. At close, the Sensex was down 116.14 points or 0.14% at 85,408.70, and the Nifty was down 35.05 points or 0.13% at 26,142.10.

The BSE Midcap index fell 0.37%, while the Smallcap index ended 0.14% lower, taking the overall market capitalisation below Rs 475 lakh crore from Rs 475.70 lakh crore in the previous session.

Advertisement

Among the sectors, barring Media, Realty, and Metal, all sectoral indices ended lower. Nifty Media was up 0.44%, Realty up by 0.17%, and Metal up by 0.15%.

The key names on the losing side were Nifty Oil and Gas down by 0.76%, Pharma down by 0.51%, and IT down by 0.51%.

Nifty Bank also slipped 0.20%. Some of the key banking and NBFC stocks posted strong gains, namely Manappuram Finance, IIFL Finance, City Union Bank, and Aavas Financiers, rising between 2% and 7%.

On Nifty, the top gainers were Trent (2.26%), Shriram Finance (1.69%), and Apollo Hospitals Enterprise (1.46%).

InterGlobe Aviation (1.55%), Adani Enterprises (1.37%), and Dr. Reddy’s Laboratories (1.28%) ended as the top losers. Out of 4,332 stocks traded on the BSE, 1,841 advanced, while 2,346 declined. Some 145 stocks remained unchanged.

More than 100 stocks hit a 52-week high while 102 stocks hit their 52-week lows on the BSE.

The key names on the highs were Vedanta, Shriram Finance, Hindalco Industries, and Eicher Motors. ACC, Raymond, Mrs. Bectors Food Specialities, Patel Engineering, PCBL Chemical, and TeamLease Services were at low.

Coal India shares gain on gives in-principle approval to list South Eastern Coalfields and Mahanadi Coalfields. Rail Vikas Nigam added 1% on appointing Saleem Ahmad as CMD.

The US GDP data, which was stronger than expected, pointed to economic resilience. The market will remain shut on Thursday, December 25, on account of Christmas.