Stock Market Report Today - 13th December 2024

The Sensex and Nifty defy early losses to end 1% higher; financials, telecom, and IT power the turnaround. After a sharp decline in the morning session, the Indian markets staged a dramatic recovery to close higher on December 13. The BSE Sensex surged 843 points (1.04%) to end at 82,133.12, while the NSE Nifty 50 gained 219.60 points (0.89%) to close at 24,768.30. This marks the fifth consecutive week of gains for both indices, the longest streak since July.

Despite initial losses driven by global factors, including a stronger dollar and disappointing data from China, Indian equities saw a broad-based recovery in the second half of the trading session. Gains in financial services, telecom, IT, FMCG, oil & gas, and auto stocks fueled the rebound.

Key Highlights of Today’s Stock Market Movements: 

• Sensex: Closed at 82,133.12, up 843.16 points (1.04%).
• Nifty 50: Ended at 24,768.30, up 219.60 points (0.89%).
• Nifty Bank: Increased by 367.35 points to 53,583.80 (0.69%).
• Nifty IT: Gained 294.15 points to close at 45,995.80 (0.64%).
• BSE SmallCap:  Fell 167.68 points, finishing at 56,957.46 (-0.29%).
• BSE MidCap: Dropped 39.26 points to 47,776.62 (-0.08%).
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Nifty, Sensex, and Market Trends Analysis

On December 13, the Indian markets staged a strong recovery after opening with steep losses. Benchmark indices Sensex and Nifty reversed over 1% intraday declines to close more than 1% higher, marking their fifth consecutive week of gains. Gains in financial services, telecom, IT, FMCG, oil & gas, and auto sectors supported the turnaround.

Investor sentiment improved despite volatility caused by the weekly expiry of Sensex derivatives contracts and global concerns such as a stronger dollar and U.S. Treasury yields. Broader markets underperformed, with the BSE SmallCap and MidCap indices posting minor losses.

Top Gainers and Top Losers in the Stock Market Today

The Top gainers list, Bharti Airtel: Closed at ₹1,681.75, up 4.42%, Kotak Mahindra: Ended at ₹1,805.65, rising 2.09%, ITC: Closed at ₹470.00, gaining 2.04%, HUL: Ended at ₹2,390.10, up 1.93%, UltraTech Cement: Closed at ₹12,083.90, rising 1.91%.

Top Losers list, Shriram Finance: Fell to ₹3,162.55, down 2.63%, Tata Steel: Closed at ₹148.95, losing 1.21%, IndusInd Bank: Dropped to ₹986.65, down 1.13%, Hindalco: Fell to ₹662.10, losing 0.99%, JSW Steel: Closed at ₹999.85, down 0.59%.

Market Momentum Over Time

Investor caution due to the Indian rupee hitting an all-time low against the U.S. dollar and FIIs selling Indian equities worth ₹4,572 crore over the last two days contributed to the early session decline. However, a strong rebound occurred in the second half, led by telecom and financial services.

The Sensex surged nearly 1,950 points intraday, recovering from a low of 80,000 to end at 82,133, reflecting market resilience. The Nifty 50 closed at 24,768, gaining 0.9%. For the week, the Sensex and Nifty rose 0.5% and 0.4%, respectively, marking the longest weekly winning streak since July.

Major Market Drivers and Key Movers

Bharti Airtel: Gained 4% after Jefferies included it in its top picks for Asia in 2025 due to expected tariff hikes.

Infosys & LTIMindtree: Upgraded to ‘Buy’ by HSBC, boosting both stocks by nearly 1% and 3%, respectively.

Tech Mahindra: Hit a new 52-week high of ₹1,807.70, jumping 2.54%.

Coforge: Surged 4% to a fresh 52-week high of ₹9,351.

Greaves Cotton: Gained 2% after launching electric construction equipment.

Intraday Stock Market Dynamics and Key Trading Levels

The Nifty 50 traded in a range of 24,400 to 24,800. Market volatility was influenced by global factors and derivative contract expiries. Market analysts project that the Nifty could inch upward by January, driven by a pre-budget rally. While the broader market lagged, the resilience of benchmark indices suggests positive sentiment heading into 2024.

(Note: Ranges are not confirmed or projected definite in any way, rather just for educational purpose.

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