Stock market blog highlights: Indian equity markets failed to hold early gains and closed at the day’s lows on December 24, weighed down by weak performance in metal stocks and PSU banks. The Nifty slipped 26 points to end at 23,728, while the Sensex lost 67 points, closing at 78,473. The Nifty Bank index fell 85 points to 51,233, and the Midcap index dropped 35 points to 57,058. Metal stocks reversed Monday’s rally and emerged as top losers, while auto stocks had a mixed session following December registration data. Tata Group stocks saw gains, driven by reports of an upcoming IPO from Tata Capital. Siemens continued its losing streak, down nearly 15% over three sessions. Biocon rose 5% after the US FDA cleared its Bengaluru unit, while IndiGo gained 4% on a positive brokerage note. Stocks of city gas companies rose up to 2% on reports of an excise cut. Market breadth remained neutral with an advance-decline ratio of 1:1. Here are the top highlights from Tuesday’s trading session:
Stock market blog highlights: Indian equity markets failed to hold early gains and closed at the day’s lows on December 24, weighed down by weak performance in metal stocks and PSU banks. The Nifty slipped 26 points to end at 23,728, while the Sensex lost 67 points, closing at 78,473. The Nifty Bank index fell 85 points to 51,233, and the Midcap index dropped 35 points to 57,058. Metal stocks reversed Monday’s rally and emerged as top losers, while auto stocks had a mixed session following December registration data. Tata Group stocks saw gains, driven by reports of an upcoming IPO from Tata Capital. Siemens continued its losing streak, down nearly 15% over three sessions. Biocon rose 5% after the US FDA cleared its Bengaluru unit, while IndiGo gained 4% on a positive brokerage note. Stocks of city gas companies rose up to 2% on reports of an excise cut. Market breadth remained neutral with an advance-decline ratio of 1:1.
Source Link: Market HIGHLIGHTS: Nifty ends below 23,750, Sensex down 67 points on Christmas eve