Share Market Today: India’s benchmark indices, Sensex and Nifty 50, settled down in green on Friday, December 13, 2024. The Sensex (index with top 30 firms) surged by 843.16 points to settle at 82,133.12 on Friday. Nifty50 (index with top 50 firms) was up by 219.60 points to settle at 24,768.30 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 26,329 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%.
Share Market Today: Stocks In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Friday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 1.22% Up | 1,345.10 |
| Tata Motors | 0.55% Up | 790.60 |
| TCS (Tata Consultancy Services) | 0.37% Up | 4,473.60 |
| Reliance Industries (RIL) | 0.75% Up | 1,273.35 |
| JSW Steel | 0.53% Down | 1,001.20 |
| HCL Technologies | 1.69% Up | 1,968.30 |
| Tech Mahindra | 0.63% Up | 1,800.95 |
| Adani Ports | 1.29% Up | 1,260.15 |
| ITC | 2.07% Up | 470.15 |
| Bajaj Finance | 0.77% Up | 7,178 |
On Friday, 26 out of 30 Sensex constituents ended in the green, while only 4 Sensex stocks closed in the red.
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