Stock Market Updates: Sensex, Nifty Trade Flat; Pharma Gains


by Sandip Das on 18 December 2023,  3 min read

Stock Market Updates - MyDhanush by Ashika

The stock market continued trading flat intraday on December 18. At 12:43 PM, Sensex was down 68 points at 71414 mark while Nifty shed 7 points and was trading at 21449 level.

Around 1427 stocks advanced and 949 declined and 108 remained unchanged.

Among the sectors, realty space, which shed over half a percent dragged by Godrej Properties, Oberoi Realty, Swan Energy and DLF which declined 1-2 percent each.

Banking stocks were also under pressure with the top losers being ICICI Bank, AU Small Finance Bank and IndusInd Bank among others.

Top 2 stocks by Ashika Research which can return up to 19%

However, some buying was seen in pharma and metal names with the top gainers being Zydus Life Sciences, Laurus Labs, Granules India, NALCO, SAIL and Hindustan Copper.

Top Nifty50 Gainers:
Company Name Last Traded Price (Rs) % Change
Bajaj Auto 6442.80 2.67
Sun Pharma 1259 1.88
Reliance Industries 2529.90 1.37
Eicher Motors 4115.35 1.37
Adani Ports 1089.60 1.02
Source: NSE
Top Nifty50 Losers:
Company Name Last Traded Price (Rs) % Change
Power Grid 231.65 2.40
JSW Steel 850.20 1.96
ICICI Bank 1019.05 1.77
ITC 451.60 1.44
Coal India 346.50 1
Source: NSE
Oil climbs on drop in Russia exports, Red Sea jitters

Oil prices rose in Asian trade on Monday, rising nearly 1% in early trade, supported by lower exports from Russia and as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruption, according to a Reuters report.

Brent crude futures climbed 32 cents, or 0.4%, to $76.87 a barrel by 0413 GMT. US West Texas Intermediate crude was at $71.77 a barrel, up 34 cents, or 0.5%.

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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