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Cement Stocks Rally, Dixon Gains on Pixel Deal, Hyundai Falls on Weak Sales
Cement Stocks Rally, Dixon Gains on Pixel Deal, Hyundai Falls on Weak Sales
Written by - Fisdom Research
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December 2, 2024
2 minutes
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Market Snapshot
Equity Rally: Indian equity indices closed higher for the second consecutive session, hitting a one-month high on December 2.
Nifty Surge: Nifty crossed the 24,300 mark intraday, supported by broad-based buying.
Sectoral Performance: All sectoral indices ended in the green, showcasing a positive market sentiment.
Top Gainers: Realty, pharma, metals, IT, auto, and media sectors rose by 1-3%.
Key Drivers: The rally was driven by strong buying across sectors, with realty, media, and metals leading the charge.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
3.0
NIFTY METAL
1.1
NIFTY CONSUMER DURABLES
2.1
NIFTY MEDIA
1.0
NIFTY MIDSMALL HEALTHCARE
1.4
NIFTY AUTO
1.0
NIFTY HEALTHCARE INDEX
1.3
NIFTY PHARMA
0.9
Top News
Cement Sector Rally: Cement stocks surged, led by Ultratech Cement’s 4% rise, following Jefferies’ optimistic outlook for a recovery in the sector; other players advanced 0.5-5%.
Dixon Technologies Gains: Dixon Technologies jumped over 6% after its subsidiary, Padget Electronics, announced plans to begin mass production of Google Pixel smartphones at its Noida plant under a contract with Compal.
Hyundai Motors Declines: Hyundai Motors slipped over 1% after reporting a 7% year-on-year drop in November sales, despite achieving its highest-ever rural contribution.
After Swiggy, Proses sees PayU, Meesho and Bluestone as IPO candidates
Kalpataru gets SEBI’s approval for Rs. 1590 crore IPO
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