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Markets React to China’s Stimulus, CRISIL’s Stake Acquisition, and HAL’s Advanced Sukhoi Jet Deal
Markets React to China’s Stimulus, CRISIL’s Stake Acquisition, and HAL’s Advanced Sukhoi Jet Deal
Written by - Fisdom Research
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December 13, 2024
2 minutes
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Market Snapshot
Indian equity indices experienced a highly volatile session on December 13 but ended strong, led by auto, banking, telecom, and FMCG stocks.
Weak global cues initially pressured the market, causing a negative opening and extending losses in the first half, with Nifty dipping below 24,200.
A sharp recovery in the second half, driven by buying in heavyweights and most sectoral indices, helped the market close on a positive note.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY FMCG
1.3
NIFTY IT
0.6
NIFTY CONSUMER DURABLES
1.0
NIFTY FINANCIAL SERVICES
0.6
NIFTY PRIVATE BANK
0.8
NIFTY AUTO
0.5
NIFTY BANK
0.7
NIFTY OIL & GAS
0.3
Top News
Metal stocks, including JSW Steel, Tata Steel, NMDC, and SAIL, faced selling pressure after China’s stimulus pledge lacked details, causing disappointment in the market.
CRISIL hit a 52-week high as it extended gains for the fourth consecutive session following its board’s approval to invest ₹33.25 crore for a 4.08% stake in Online PSB Loans.
Hindustan Aeronautics Limited (HAL) secured a ₹13,500 crore order to supply 12 Advanced Sukhoi jets with 62.6% indigenous content to the Indian Air Force.
Vishal Mega Mart IPO Day 3 Updates: Issue booked 27.23x so far led by QIBs, NIIs
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BHARTIARTL
4.4
SHRIRAMFIN
-2.4
ITC
2.3
TATASTEEL
-1.3
KOTAKBANK
2.1
INDUSINDBK
-1.1
Trade Ideas Update
Our trade ideas success rate has 79% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
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