Stock Market At Close: Sensex, Nifty Rise; Oil & Gas Stocks Top Gainers

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by Sandip Das on 26 December 2023,  3 min read

Stock Market At Close: Sensex, Nifty Rise; Oil & Gas Stocks Top Gainers - MyDhanush Blogs by Ashika
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On December 26, the Indian stock market concluded with indices marking a third consecutive session of gains, closing in positive territory. The Sensex concluded at 71,336.80, marking a rise of 229.84 points or 0.32 percent. Nifty closed at 21,441.30, gaining 91.90 points or 0.43 percent.

Around, 2063 shares advanced, 1325 shares declined, and 109 shares remained unchanged.

With the exception of the IT sector, all sectoral indices closed positively. Oil & gas, power, metal, auto, and healthcare each contributed a percent to the gains.

Top Nifty50 Gainers
  • Divis Labs: 4.55%
  • Hero MotoCorp: 2.65%
  • Adani Enterprises: 2.45%
  • NTPC: 2.36%
  • ONGC:  2.16%
Top Nifty50 Losers
  • Bajaj Finance: 1.65%
  • Bajaj Finserv: 1.26%
  • Infosys: 1.08%
  • TCS: 0.68%
  • Tata Motors: 0.65%
Asian Markets End Mixed:

Asian markets ended the session on December 26 on a mixed note. Nikkei added 0.16 percent at 33,305.85 while Kospi was up 0.12 percent at 2,602.59 mark. However, Hang Seng was down 1.72 percent and closed the session at 16,340.41 level.

Oil & Gas Stocks Gain:

The oil & gas sector5 added 1.5 percent after Denmark’s Maersk said it is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a US-led military operation designed to ensure the safety of commerce in the area, according to a Reuters report.

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“As of Sunday 24 December 2023, we have received confirmation that the previously announced multi-national security initiative Operation Prosperity Guardian (OPG) has now been set up and deployed to allow maritime commerce to pass through the Red Sea / Gulf of Aden and once again return to using the Suez Canal as a gateway between Asia and Europe,” Masersk said in a statement on Sunday.

The top gainers included Castrol India which zoomed over 13 percent. HPCL, Indian Oil Corporation, and Oil India Limited followed suit.

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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