Market updates today 24 Dec- Sensex and Nifty gained above 1%

 

Sensex and Nifty today 24 Dec: Indian stock markets opened positive and maintained their upbeat mood till the end of the day. Buying on Metals, Oil & Gas, and PSU sectors helped the market to trade higher today. In the end, Indian markets extended their early gains and closed on positive notes.

The domestic sentiments remained firm with Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Guruprasad Mohapatra’s statement that the high growth story of foreign direct investments into India will go well in the new year too as there is a growing interest among overseas investors about the country amid the government’s continuing reform measures to further improve the business climate.

Indian markets took some support with RBI’s economic reports stating that the Indian economy is recovering faster than expected and may post minor positive growth in the December end quarter. It also said that efforts need to be redoubled to fight inflation so that it doesn’t hurt the incipient growth impulses.

On the global front, Asian markets were mostly closed in the green today ahead of Christmas break. European markets are trading in the green today as the Brexit trade deal seemed almost at hand ahead of Britain’s final exit from the European Union. US futures, Nasdaq, and Dow futures are trading marginally higher today.

 

Stock Market Today: Nifty, Sensex, and Bank Nifty for 24 Dec

 

At the close, Nifty gained 148.15 points or 1.09% and at 13749.25 level while Sensex closed higher by 529.36 points or 1.14% and at 46973.54 level. The Bank Nifty on the spot levels also gained 518.90 points or 1.74% and at 30402.20 level.

The Nifty midcap and smallcap 100 indices closed positive today. The midcap index gained 35.80 points or 0.18% and at the 20475.75 level. The Nifty smallcap index up by 61.65 points or 0.90% and at 6902.10 level. 

The top five gainers in the Nifty 50 index for the day were Tata Motors, Axis Bank, Sun Pharma, ONGC, and Reliance. The top five losers in the Nifty50 index for the day were Infosys, Nestle, Wipro, UPL, and Grasim. The most active stocks for the day in the NSE were Reliance, Bajaj Finance, and Tata Motors.

On a sectoral basis, Oil & Gas, Metals, Consumer Durable, Banking & Finance, and  Healthcare sectors closed as top gainers. On the losing side, IT & software, Real Estate, Media, and Hospitality sectors closed in the red today.

 

Nifty & Bank Nifty futures price today

 

The Nifty futures share price opened at 13675.05, it made a positive opening of only 62.6 points. It has touched an intraday high at 13784 and a day’s low at 13641

The Nifty futures share price has given a movement of 143 points. In the end, it gained by 148.4 points or 1.09% and closed at 13760.85 levels.

The Bank Nifty futures share price opened at 30041.05 It made a positive opening of 132.55 points today. It has touched an intraday high at 30576.90 and a day’s low at 30021.60

During the day, the Bank Nifty futures share price has given a movement of 555.3 points. In the end, it gained 513.5 points or 1.72% and closed at 30422 levels.

 

Conclusions:

Indian stock market closed in positive ahead of a long holiday. Tomorrow is a market holiday due to Christmas. We wish Merry Christmas to all our visitors.

Do visit our website during the holidays for Weekly Updates, Nifty and Bank Nifty targets for next week, Articles, etc.

 

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Editor’s Desk