Share Market Today: Sensex settled down in green, whereas Nifty 50, settled in red on Tuesday, December 10, 2024. The Sensex (index with top 30 firms) was up by 1.59 points to settle at 81,510.05 on Tuesday. Nifty50 (index with top 50 firms) also declined 8.95 points to settle at 24,610.05 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 23,668 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, due to be released tomorrow, 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 Tuesday’s trading session.

On Tuesday, 16 out of 30 Sensex constituents ended in the green, while 14 Sensex stocks closed in the red.

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