Research
Periodic Report
NTPC Green Energy Drops, Asian Paints Hits Low, ACME Solar Secures Rs 1,988 Crore Financing
NTPC Green Energy Drops, Asian Paints Hits Low, ACME Solar Secures Rs 1,988 Crore Financing
Written by - Fisdom Research
Array
December 26, 2024
2 minutes
Array
Market Snapshot
Indian equity indices ended a volatile session with marginal changes on December 26, with the Nifty closing at 23,750.
Gains were led by auto, pharma, and energy stocks, which provided support to the market.
On the sectoral front, buying interest was observed in auto, energy, pharma, realty, and PSU Bank stocks.
Meanwhile, selling pressure was evident in the metal, FMCG, and media sectors.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.8
NIFTY PSU BANK
0.3
NIFTY HEALTHCARE INDEX
0.8
NIFTY REALTY
0.2
NIFTY PHARMA
0.7
NIFTY OIL & GAS
0.1
NIFTY CONSUMER DURABLES
0.4
NIFTY FINANCIAL SERVICES
0.0
Top News
NTPC Green Energy saw a 4% drop as the one-month lock-in period for anchor investors expired, allowing 1.83 crore shares to become eligible for trading.
Asian Paints hit a 52-week low, continuing its decline with a 30% loss over the past year, amid weak growth prospects and increased competition.
ACME Solar’s shares rose over 1% after securing Rs 1,988 crore in financing from Power Finance Corporation for a 300 MW solar-wind hybrid project.
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
ADANIPORTS
5.2
TITAN
-1.2
M&M
1.9
ASIANPAINT
-1.0
SBILIFE
1.7
JSWSTEEL
-0.8
Trade Ideas Update
Our trade ideas success rate has 66% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
