Stock Market Close: Sensex Flat, Nifty at 26176 – Key Highlights
Indian Equities end Flat Despite Record Highs – December 1, 2024
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Market Update: December 1, 2024 – Indian benchmark indices, the Sensex and Nifty 50, concluded the trading day with modest declines after reaching fresh all-time highs earlier in the session. Investor sentiment was tempered by a weakening rupee and ongoing uncertainty surrounding international trade negotiations.
Market Performance
The BSE Sensex closed at 85,641.9, a decrease of 64.77 points, or 0.08 percent. The NSE Nifty 50 settled at 26,175.75,down 27.2 points, representing a 0.1 percent decline. Intraday,the Sensex peaked at a record 86,159,while the Nifty reached 26,325.8.
Broader Market Trends
Performance in the broader markets was mixed. The Nifty MidCap index remained largely unchanged, while the Nifty SmallCap index experienced a slight gain of 0.25 percent.
Sectoral Performance
Sectoral performance varied considerably. The Nifty Realty index led the declines, falling by over 1 percent.Healthcare, Pharma, Banking, Financial Services, FMCG, Media, Consumer Durables, and Oil & Gas sectors also experienced losses. Conversely, the Auto, Metal, and IT sectors ended the day in positive territory.
Top Performers and Laggards
Within the Sensex, Bajaj Finance, Sun Pharma, Trent, Mahindra & Mahindra, State Bank of India, and Bharti Airtel were among the worst-performing stocks. Leading the gains were Tata Motors PV, Maruti Suzuki, Bharat Electronics, Kotak Mahindra Bank, Adani Ports, and HCL Tech.