The Sensex closed at 81,709, which slipped into the red following a broadly stagnant trading session. Having started on a bright note, the market couldn’t keep up the pace and kept losing momentum with time. Investors saw minimal movement during the day and no big sectoral trend was working in the direction of the index. Closing in the red reflects cautious approaches from traders on mixed market cues.
The Nifty 50 ended at 24,677, mirroring the stagnancy of the Sensex and closing in the red. Early gains driven by stocks like Tata Motors, which rose over 3%, and Bajaj Auto, which climbed more than 2%, could not hold as the session progressed. Other notable contributors like Axis Bank, BPCL, Dr. Reddy’s, and Maruti Suzuki provided some support but were not enough to push the index higher.
The Bank Nifty closed at 53,509, reflecting a neutral performance with minimal movement throughout the day. While significant gains were absent, slight upward trends in Bank of Baroda and Axis Bank helped keep the index from slipping further. Banking stocks displayed a mixed sentiment, with neither strong buying nor selling pressure evident during the session.
Nifty Next 50 closed at 73,040. Thus the market’s overall muted action ended a greenish tinge over the last of trading, led largely by Vedanta, more than 6 per cent on Wednesday. Gains came close behind when IRFC leapt ahead more than 4% as it edged closer, followed closely in this day’s most actively supportive stock move by NHPC, Indigo, REC Ltd, Tata Power and IOC.
The BSE 200 ended on a positive note, aided by the rise in the key stocks. The best performer was Vedanta with a gain of more than 6%, followed by Policybazaar, which gained more than 6%. Delhivery, Jubilant FoodWorks, RVNL, and IRFC were other contributors to this upward momentum, and helped the index close green.
Overall, the market remained indecisive and major indices showed mixed performances. Though some individual stocks and indices like Nifty Next 50 and BSE 200 performed quite well, the overall sentiment remained cautious, and the market closed the day as a neutral to slightly bearish doji.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
Tomorrow 7th December is celebrated as Armed Forces Flag Day!
As stated in Bhagavad Gita : (Bhagavad Gita 18.66)
सर्वधर्मान्परित्यज्य मां एकं सरणं व्रज।
Abandon all varieties of religion and just surrender unto Me.
V BADAGA:
Day 1 of the hockey tournament at V. Badaga was successfully organized on December 6th, showcasing thrilling matches and excellent team performances. The event highlighted the sport’s dynamic blend of speed, strategy, and skill.