Stock Market Ends in the Green; PSU Banks rise, Pharma Falls


by mydhanush on 11 December 2023,  5 min read

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

Benchmark indices ended higher in the volatile session on December 11 with Nifty around 21,000.

At close, the Sensex was up 102.93 points or 0.15 percent at 69,928.53, and the Nifty was up 27.70 points or 0.13 percent at 20,997.10. About 2211 shares advanced, 1358 shares declined, and 174 shares unchanged.

Among sectors, PSU Bank, FMCG, capital goods, power, metal, realty up 0.5-1 percent, while pharma index down 0.4 percent.

The BSE midcap index rose 1 percent and the smallcap index added 0.7 percent.

Top Nifty50 Gainers:
Company Name Last Traded Price (Rs) % Change
Adani Enterprises 2889 2.37
UPL  596.25 1.89
UltraTech Cement 9556.25 1.52
ONGC 198.90 1.51
Adani Ports 1037.20 1.39
Source: NSE
Top Nifty50 Losers:
Company Name Last Traded Price (Rs) % Change
Dr Reddy’s Labs 5466 5.17
Cipla 1204.45 1.20
Axis Bank 1119.95 0.99
Asian Paints 3205.05 0.83
Bharti Airtel 994.05 0.62
Source: NSE
Asian Markets End Mixed:

Japan’s stocks jumped on growing bets that its central bank might not hike interest rates next week.

China’s CSI 300 index ended 0.59 percent higher at 3,419.45 after falling more than 1 percent earlier in the day, while Hong Kong’s Hang Seng index shed 1 percent in the final hour of trading.

Japan’s Nikkei 225 ended 1.5 percent higher at 32,791.80, while the broad based Topix added 1.47 percent to close at 2,358.55.

Stocks to Buy for Upto 14% Upside

In Australia, the S&P/ASX 200 started Monday up 0.06 percent at 7,199.00, ending at a three-month high. South Korea’s Kospi closed 0.3 percent higher at 2,525.36. The small cap Kosdaq was up 0.59 percent at 835.25.

European Markets Trade Cautiously:

European markets were mixed on Monday as global investors look ahead to this week’s Federal Reserve policy meeting. The pan-European Stoxx 600 index hovered just above the flatline in early trade.

FTSE was trading lower by 0.29 percent at 7532.54 while CAC added 0.19 percent at 7540.71 mark. DAX was trading marginally higher by 0.004 percent at 16764 mark.

Most Active Stocks on NSE in Terms of Volumes:
Company Name Last Traded Price % Change Volumes
Power Grid 230.9 1.01 12355352
Tata Steel 130.25 0.81 10866877
State Bank of India 614.90 0.12 7061977
HDFC Bank 1652.10 -0.07 5968575
ICICI Bank  1016.95 0.60 5368955
Source: NSE
Oil prices hold steady, propped up by US purchases

Oil prices held steady on Monday as US efforts to replenish strategic reserves provided support, though concerns persist about oversupply and softer fuel demand growth next year.

Brent crude futures edged up 2 cents to $75.86 a barrel by 0913 GMT. US West Texas Intermediate crude futures were up a single cent at $71.22.

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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