Stock Market at Close: Sensex, Nifty End Lower; Registers Robust Gains for 2023

The Indian stock market ended the last day of 2023 in the red but registered handsome gains for the year, up almost 20 percent. At close of trade on December 29, 2023, Sensex shed 170 points at 72240 level while Nifty slipped 47 points and ended the session at 21731 mark.

Around 1,758 stocks advanced and 1,533 shares declined while 54 stocks remained unchanged.

Among the sectors, buying was seen in Auto, Metal, and the FMCG space while selling was witnessed in Bank Nifty and IT sectors.

Top Nifty50 Gainers

Top Nifty50 Losers

Asian markets end up mixed

Hong Kong’s Hang Seng index slipped 0.2 percent, while China’s CSI 300 index closed 0.49 percent higher at 3,431.11. Japan’s Nikkei 225 ended down 0.22 percent at 33,464.17. The broader Topix closed 0.19 percent higher at 2,366.39.

Also read: GST Authorities Slap Rs 402 Crore Show-Cause Notice to Zomato

European markets trade in the green

European markets started the last day of the year on a positive note. FTSE added 0.24 percent at 7741 mark while CAC was up 0.27 percent at 7555. German DAX gained 0.22 percent and was trading at 16736 level.

Stocks that moved the most:

Vodafone Idea: Up 20%

The share price of Vodafone Idea surged over 20 percent after reports suggested that the surge in the stock price is a result of a supposed equity infusion by the promoters of the embattled telco.

Kotak Mahindra Bank: down 0.9%

The stock was under pressure after the assistant commissioner of central goods and service tax (GST) and excise issued a show-cause-cum-demand order, and the stock started trading in the red. The order imposed a cumulative Rs 57.20 lakh for central goods and services tax (CGST), along with applicable interest and a penalty of Rs 5.1 lakh.

Innova Captab: up 20%

The stock price zoomed 20 percent hitting the upper circuit at Rs 542.50 per share on NSE. This came even after the stock saw a muted listing today on the exchanges.

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.