Stock Market Opening On 16 December 2024: Trading has started with a decline in the Indian stock market on the first day of the week. This decline has occurred in the market due to selling in banking stocks. Sensex has slipped below 82000 and is trading at 81,953 points with a fall of 152 points and Nifty of National Stock Exchange is trading at 24,734 points with a fall of 34 points. However, strong buying momentum is being seen in midcap and smallcap stocks and the indices of both the sectors are trading rapidly.
rising and falling stocks
In today’s trading, out of 30 Sensex stocks, 10 stocks are trading with a rise while 20 stocks are in decline. Among the rising stocks, ITC is trading with a rise of 0.50 percent, Larsen 0.42 percent, Reliance 0.41 percent, UltraTech Cement 0.28 percent, Tata Steel 0.20 percent, HCL Tech 0.13 percent, Adani Ports 0.05 percent. While JSW Cement is trading with a decline of 0.76 percent, Tech Mahindra 0.70 percent, Titan 0.76 percent, Kotak Mahindra Bank 0.57 percent, Axis Bank 0.47 percent, TCS 0.45 percent.
sectorol update
If we look at the bullish sectors in today’s business, real estate, media and consumer durables are the only three sectors whose shares are bullish. Whereas there is a decline in the shares of Banking, IT, Auto, Pharma, FMCG, Metals, Energy Healthcare and Oil and Gas sectors. Despite the fall in the index, midcap and smallcap stocks are trading rapidly. Nifty Midcap index is trading with a rise of 243 points and Nifty Smallcap index is trading with a rise of 118 points.
22 Central Banks will take decision on interest rates
The current week is very important for the Indian stock market. 18 central banks around the world are going to make announcements regarding interest rates, including the US Central Bank Federal Reserve which will take a decision regarding interest rates on December 18. It is expected that the Federal Reserve may cut interest rates. Inflation data based on wholesale prices will be announced in India today.
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