Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in red on Thursday, December 12, 2024. The Sensex (index with top 30 firms) declined by 236.18 points to settle at 81,289.96 on Thursday. Nifty50 (index with top 50 firms) tumbled 93.10 points to settle at 24,548.70 points.
Additionally, foreign investors withdrew an amount of Rs 21,612 crore from Indian equities in November. These investors had pulled out Rs 94,017 crore from Indian stock market in October 2024. However, these investors invested Rs 26,134 crore from the Indian equities this month so far.
Indian stock markets witnessed a significant rally last week, with the Sensex and Nifty indices soaring over 2% to record their largest gains since early June. The surge was primarily triggered by the Reserve Bank of India’s (RBI) move to reduce the Cash Reserve Ratio (CRR) from 4.5% to 4%, injecting liquidity into the financial system. The RBI decision to lower the Cash Reserve Ratio (CRR) is expected to inject liquidity into the system, spur credit growth, and provide a much-needed impetus to India’s economic recovery. Meanwhile, the RBI maintained the status quo on the repo rate, keeping it steady at 6.5%.
The market’s focus has shifted to the US CPI data, as it will play a crucial role in determining the future path of interest rates and foreign investments in emerging markets, including India. Furthermore, the upcoming release of India’s CPI data on December 12 is indeed a crucial event that will significantly influence the RBI’s decision on the timing of its next rate cut.
Share Market Today: Stocks In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Thursday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 0.05% Down | 1,328.95 |
| Tata Motors | 1.59% Down | 786.30 |
| TCS (Tata Consultancy Services) | 0.66% Up | 4,456.95 |
| Reliance Industries (RIL) | 1.11% Down | 1,263.85 |
| JSW Steel | 0.38% Up | 1,003.60 |
| HCL Technologies | 0.28% Up | 1,935.65 |
| Tech Mahindra | 1.67% Up | 1,789.75 |
| Adani Ports | 0.90% Up | 1,244.15 |
| ITC | 0.99% Down | 460.60 |
| Bajaj Finance | 0.10% Up | 7,123.05 |
On Thursday, 12 out of 30 Sensex constituents ended in the green, while 18 Sensex stocks closed in the red.
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