Stock Market Report Today - 9th December 2024

The Indian equity markets continued to experience volatility on December 9, as benchmark indices Nifty 50 and BSE Sensex closed lower, extending the decline from the previous session. Weakness in FMCG, auto, and banking stocks weighed on market sentiment, while capital goods and IT sectors provided some resilience. Broader market indices outperformed, with small-cap and mid-cap indices closing in the green.

Key Highlights of Today’s Stock Market Movements: 

• Sensex: Closed at 81,508.46, down 200.66 points (-0.25%).
• Nifty 50: Ended at 24,619.00, down 58.80 points (-0.24%).
• Nifty Bank: Declined 101.75 points to 53,407.75 (-0.19%).
• Nifty IT: Gained 115.95 points to 44,832.00 (+0.26%).
• BSE SmallCap: Gained 262.90 points, closing at 57,313.61 (+0.46%).
• BSE MidCap: Advanced 152.10 points to 47,821.82 (+0.32%).
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Nifty, Sensex, and Market Trends Analysis

On December 7, the markets witnessed mixed trends, with frontline indices struggling under profit-booking pressure, while broader markets showed strength. FMCG and auto stocks were the major drags, whereas IT and capital goods sectors provided positive momentum. This divergence reflects shifting investor sentiment toward selective sectors amid ongoing global and domestic cues.

Top Gainers and Top Losers in the Stock Market Today

The Top gainers list, Wipro: Closed at ₹303.75, up by 2.15%, Larsen & Toubro: Ended at ₹3,947.30, gaining 2.08%, SBI Life Insurance: Closed at ₹1,469.30, up 1.43%.

Top Losers list, Tata Consumer Products: Dropped to ₹933.95, losing 4.16%, HUL: Ended at ₹2,400.75, down 3.34%.

Market Momentum Over Time

Profit booking in FMCG and auto sectors weighed on the indices, reflecting cautious investor sentiment. However, capital goods and IT stocks provided a counterbalance, preventing a steeper decline. Broader markets continued to outperform, with small-cap and mid-cap stocks attracting investor attention due to favorable valuations and growth prospects.

Major Market Drivers and Key Movers

Wipro: Gained over 2% due to positive sentiment in the IT sector.

Larsen & Toubro: Rose over 2% on strong order inflows and bullish outlook for the capital goods sector.

Tata Consumer Products: Dropped over 4% due to concerns around consumer spending and valuations.

HUL: Declined over 3% on profit booking and inflation concerns affecting FMCG margins.

Intraday Stock Market Dynamics and Key Trading Levels

Despite the decline in benchmark indices, the overall market sentiment remains cautiously optimistic. Investors are closely watching global cues, inflation trends, and upcoming economic data. Sectoral rotation continues to influence market dynamics, with opportunities emerging in IT, capital goods, and broader market segments.

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