Stock Market Updates: Sensex Trades Flat, Nifty50 Above 23,700; FMCG Stocks Drag – News18
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Benchmark Indian equity indices BSE Sensex and Nifty50 were marginally higher on Thursday
Sensex Today.
Stock Market Today: Benchmark Indian equity indices, BSE Sensex and Nifty50, are trading flat on Thursday, lacking significant domestic or global triggers.
At 12 PM, the BSE Sensex was up by 95.21 points, or 0.12%, at 78,568, while the Nifty50 stood at 23,766.40, higher by 38.75 points, or 0.16%.
In the afternoon session, more than half of the stocks on the BSE Sensex were in the green, led by Maruti Suzuki India (up 1.94%), followed by Mahindra & Mahindra, Adani Ports & SEZ, Bharti Airtel, and Tata Motors. On the downside, Zomato (down 1%), Asian Paints, Titan, TCS, and Axis Bank limited the losses.
On the Nifty50, 29 of the 50 stocks were in the positive territory, with Maruti Suzuki India leading the gains (up 1.85%), followed by Mahindra & Mahindra, Adani Ports & SEZ, SBI Life, and Coal India. Losses were mainly seen in Asian Paints (down 0.77%), Grasim Industries, Tata Consumer Products, Axis Bank, and JSW Steel.
Among sectors, the Media and Realty indices were the biggest laggards, falling by 1.67% and 1.07%, respectively. The Metal, FMCG, Bank, and Financial Services indices also traded under pressure. Meanwhile, the Pharma, Healthcare, and Oil indices faced some weakness.
On the positive side, the Auto index gained 0.91%, while the Nifty PSU Bank index was up by 0.06%.
In broader markets, the Nifty Midcap 100 index was down 0.68%, and the Nifty Smallcap 100 index was lower by 0.48%.
Global Cues
Markets in the Asia-Pacific region were mostly higher on Thursday, although the Australian, New Zealand, and Hong Kong markets were closed for Boxing Day.
Japan’s Nikkei 225 gained 0.42%, while the Topix rose by 0.51%, following reports that Japan is preparing a record $735 billion budget for the new fiscal year starting in April.
South Korea’s Kospi edged up by 0.17%, while the Kosdaq declined by 0.11%.
In mainland China, the CSI 300 fell by 0.15%, and the Shanghai Composite slipped by 0.12%.
On Tuesday, Wall Street capped a global share rally in light trading due to early market closures on Christmas Eve. The dollar strengthened amid higher Treasury yields and speculation that the Federal Reserve would slow its easing in 2025.
The Dow Jones Industrial Average finished 0.91% higher, the S&P 500 rose 1.1%, and the Nasdaq Composite climbed 1.35%.
Most financial centers were closed on Wednesday for Christmas, with the US reopening on Thursday, while many other markets had a second day off.
MSCI’s global stock index rose by more than 0.5%. The pan-European STOXX 600 index increased by 0.18%, with the FTSE 100 in Britain rising 0.19% and France’s CAC 40 gaining 0.14%. German markets were closed for the holiday.
On Tuesday, Chinese stocks saw a rise after Reuters reported that Beijing plans to issue a record amount of special treasury bonds next year as part of its fiscal stimulus to revive a struggling economy. The CSI 300 blue-chip index and the Shanghai Composite Index both gained 1.3%, while Hong Kong’s Hang Seng Index advanced by 1.1%.
