Stock Market Updates: Sensex, Nifty Recover; Pharma, Metals Shine
by Sandip Das on 21 December 2023, 3 min read
Amid a volatile trading session on December 21, the Indian stock market has managed to stay in the green after diving in the early hours of trade. At 13:09 PM, Sensex was up 245 points and was trading at 70751 level. On the other hand, Nifty added 87 points and was trading at 21237 mark.
Among the sectors, Nifty Media jumped 2 percent. The rise was led by Zee Entertainment Enterprises, TV18 Broadcast and Nazara Technologies followed by DB Corp and Dish TV among others.
The pharma and metal sectors also saw buying activity. The top gainers included Glenmark Pharma and Aurobindo Pharma which jumped 3-4 percent each. The top performers from the metal space were Hindustan Copper, NMDC, NALCO and SAIL.
Also Read: Innova Captab IPO: All You Need to Know as Issue Opens for Subscription
However, banks and financial stocks experienced selling pressure. The top losers from the sector were Axis Bank, Cholamandalam Finance, ICICI Bank, SBI Life Insurance and Bajaj Finance.
Top Nifty50 Gainers:
| Symbol | Last Traded Price (Rs) | % Change |
|---|---|---|
| Britannia Industries | 5095 | 2.83 |
| Power Grid | 231.8 | 2.05 |
| Apollo Hospitals | 5512.45 | 2.04 |
| LTI Mindtree | 6138.9 | 1.76 |
| BPCL | 445.4 | 1.35 |
Top Nifty50 Losers:
| Company Name | Last Traded Price (Rs) | % Change |
|---|---|---|
| Axis Bank | 1086.45 | -2.14 |
| Bajaj Auto | 6256.25 | -1.70 |
| ICICI Bank | 996.4 | -1.02 |
| SBI Life Insurance | 1395.6 | -0.97 |
| Mahindra & Mahindra | 1634 | -0.79 |
Stocks on the News:
AstraZeneca Pharma: The stock price edged higher, up over 2 percent at Rs 4,716.10 per share after the company said it will launch Enhertu, the breast cancer drug in January 2024 in India.
Allcargo Logistics: The stock price jumped over 3 percent after the company announced the record date for the bonus issue.
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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