Markets close in positive sentiment recovering from early losses

21 Dec 2023 , 03:52 PM

Domestic equity indices conclude today’s session in positive numbers after a weak start to the day. In the first half, the indices managed to reverse all the early morning losses. Because valuations are exorbitant, mid and small caps remain vulnerable to a correction.

Sensex closed with a gain of 435 points at 70,941. Nifty ended 131 points higher at 21,281.

Sectorally, all indices ended the session with positive numbers. Nifty Metal, Media, and PSU Bank stocks closed with gains of over 2%, being the major outperformers.

Power Grid, BPCL, Britannia Industries, Apollo Hospital, and HDFC Bank scored the top gains in today’s trade. On the other hand, Bajaj Auto, Bajaj Finance, Axis Bank, HCL Tech, and Cipla closed in the weakest spots on nifty index.

Most active stocks in terms of value were HDFC Bank, ICICI Bank, Reliance Industries, SBI, and Axis Bank.

On individual stock basis, DOMS counter plummeted over 7% as investors booked profits following its listing. Allcargo Logistics gained as much as 5%.

On the nifty index, a total of 52 stocks hit new 52-week highs in today’s trade, and 27 stocks touched new 52-week lows.

For feedback and suggestions, write to us at [e-mail]