Closing Bell: Sensex Closes In Red, Nifty Below 21,000


by mydhanush on 12 December 2023,  4 min read

Closing Bell: Sensex Closes In Red, Nifty Below 21,000

Indian equity indices ended lower in the volatile session on December 12 with Nifty around 20,900. At close Sensex was down 377 points at 69551 mark while Nifty shed 90 points and closed the session at 20906 mark.

Except Metal, all other sectoral indices ended in the red with capital goods, oil & gas, power and realty down 1 percent each. The BSE midcap index shed 0.4 percent and smallcap index fell 0.2 percent.

Asian Markets End Higher:

Hong Kong stocks led gains in Asia-Pacific markets Tuesday ahead of the final US Federal Reserve meeting of the year.

The Hang Seng index rebounded off a one-year low to close up 1.1 percent, while the mainland Chinese CSI 300 index finished up 0.2 percent at 3,426.8. In Australia, the S&P/ASX 200 rose 0.5 percent, closing at 7,235.3 and hitting its highest level since September 15.

Japan’s Nikkei 225 closed 0.2 percent higher at 32,843.7. The broader Topix, however, shed 0.2 percent to finish at about 2,353.2. South Korea’s Kospi climbed 0.4 percent to 2,535.3, while the smaller Kosdaq gained 0.5 percent to end at 839.5. 

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European Markets Rise:

European markets were cautiously higher Tuesday as global investors look ahead to this week’s Federal Reserve policy meeting, which begins today, as well as the latest US inflation reading.

At 15:45 AM, FTSE was up 0.7 percent at 7,598.33 mark while CAC advanced 0.32 percent at 7,575.86. DAX added 0.19 percent at 16,826.16 level.

Top Nifty50 Gainers:

Company Name Last Traded Price (Rs) % Change
HDFC Life Insurance 707.10 5.14
UltraTech Cement 9874.70 2.11
Bajaj Auto 6244 1.72
SBI Life Insurance 1485 1.67
Axis Bank 1131 1.30

Top Nifty50 Losers:

Company Name Last Traded Price (Rs) % Change
Apollo Hospitals 5430.90 2.10
Sun Pharma 1217.05 1.96
Maruti Suzuki 10350 1.82
Coal India 347.80 1.65
Eicher Motors 3959.85 1.63

Oil rises after Houthi attack on ship, weak sentiment weighs

Oil rose on Tuesday as an attack by the Iran-aligned Houthis on a chemical tanker escalated geopolitical tension in the Middle East, though concerns over excess supply and slowing demand kept a lid on gains.

Brent crude futures for February rose 21 cents, or 0.3 percent, to $76.24 a barrel by 0915 GMT, while US West Texas Intermediate crude futures for January delivery gained 27 cents, or 0.4 percent, to $71.59.

Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.

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