The Indian stock market continued its losing streak for the third consecutive session on December 18, as benchmark indices closed lower.
Investors remained on edge ahead of the Federal Reserve’s rate decision outcome, expected later tonight.
Pharma was the only sector to close in the green, gaining 1 percent. Other sectors, including auto, energy, PSU banks, metals, media, and realty, saw declines ranging from 0.5 to 2 percent..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PHARMA
1.1
NIFTY CONSUMER DURABLES
-0.5
NIFTY HEALTHCARE INDEX
0.6
NIFTY AUTO
-0.8
NIFTY IT
0.3
NIFTY OIL & GAS
-0.8
NIFTY REALTY
-0.5
NIFTY PRIVATE BANK
-1.1
Top News
Bharti Hexacom surged over 6% in a weak market, rebounding after two days of decline on a healthy outlook, signaling a potential trend reversal.
Swiggy fell over 1% as investors booked profits following its recent bull run, fueled by optimism around strong growth prospects in India’s quick commerce segment.
63 Moons Technologies hit the 5% upper circuit for the third straight day after its board approved a ₹1,950 crore one-time settlement proposed by the NSEL Investors Forum, aimed at resolving legal proceedings.
DAM Capital IPO price band set at Rs. 269 – 283
Anand Rathi Shares and Stock Brokers file draft papers with SRBI for a Rs. 745 crore IPO.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,000
24,500
Bank Nifty
51,500
53,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
TRENT
2.5
TATAMOTORS
-2.9
DRREDDY
2.3
POWERGRID
-2.5
CIPLA
1.4
BEL
-2.0
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