Research
Periodic Report
Adani rose 7%, Ola fell 3% on resignations, and Vodafone gained 5% on a ₹24,800 crore bank guarantee waiver
Adani rose 7%, Ola fell 3% on resignations, and Vodafone gained 5% on a ₹24,800 crore bank guarantee waiver
Written by - Fisdom Research
Array
December 30, 2024
2 minutes
Array
Market Snapshot
Markets witnessed a sharp sell-off in late afternoon trade on Monday.
The BSE Sensex closed nearly 850 points below the day’s high.
The NSE Nifty ended below the 23,650 mark, reflecting significant pressure.
Investor sentiment was impacted by FII outflows, unfavorable global cues, and a weakening rupee.
Pharma stocks emerged as a rare bright spot amidst the broader market decline.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL HEALTHCARE
1.7
NIFTY FMCG
0.3
NIFTY HEALTHCARE INDEX
1.3
NIFTY CONSUMER DURABLES
0.2
NIFTY PHARMA
1.0
NIFTY MIDSMALL FINANCIAL SERVICES
0.2
NIFTY IT
0.6
NIFTY OIL & GAS
-0.5
Top News
Adani Enterprises surged nearly 7% on December 30 after Ventura Securities assigned a two-year price target of ₹3,801, implying an upside potential of 58% from Friday’s close.
Ola Electric Mobility dropped over 3% following the resignations of Chief Marketing Officer Anshul Khandelwal and Chief Technology & Product Officer Suvonil Chatterjee, effective December 27, citing personal reasons.
Vodafone Idea rose over 5% as the government waived ₹24,800 crore in bank guarantees for spectrum auctions held before 2021, marking a significant relief for telecom companies.
IPO mop up could top Rs. 2 trillion in 2025
Indo Farm Equipment IPO to open in on Dec 31st
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,400
24,000
Bank Nifty
50,500
52,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIENT
7.3
HINDALCO
-2.3
TECHM
1.0
TATAMOTORS
-2.0
HCLTECH
1.0
TRENT
-2.0
Trade Ideas Update
Our trade ideas success rate has 59% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
