Business News Desk – Domestic stock markets started with slight weakness on Monday (9 December 2024) and the stock market was seen trading in the range throughout the day and the market closed with a decline. The market closed with a decline for the second consecutive day. Nifty fell 58 points to close at 24,619. Sensex fell 200 points to 81,508 and Nifty fell 101 points to 53,407.
Initially the Sensex was trading around 81,500 with a fall of 217 points. Nifty was trading at 24,626 levels with a fall of 51 points. Bank Nifty was down by 104 points at around 53,405. The midcap index was trading flat around 58,691. There was a decline in FMCG shares today. Godrej Consumer declined by 10 percent. Apart from this, there was a decline in HUL, Marico, Dabur also. There was also a decline in pharma, healthcare, auto. Good growth was seen in private banks, realty, consumer durables and financial stocks.
Recovery was seen last week, although there was a slight decline in the market on Friday, but it must be said that the market sentiment appeared to be better than before. In such a situation, it remains to be seen whether this recovery continues or there will be a new shock this week. By the way, on Friday there was again selling by foreign institutional investors (FIIs). FIIs sold on Friday after three consecutive days of buying. According to stock market data, foreign institutional investors (FIIs) sold shares net worth Rs 1,830.31 crore.
trigger from global market
There are signs of slight recession from global markets. Nasdaq and S&P also made new life highs on Friday after better than expected employment data in America. The Nasdaq rose 150 points while the Dow closed 125 points lower. This morning, GIFT Nifty was down 50 points and was trading near 24725 while Dow futures were flat. In Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss while Japan’s Nikkei was in profit. On Friday, American markets closed with mixed sentiment. International standard Brent crude was up 0.41 percent at $ 71.41 per barrel. On Friday, crude oil fell by one and a half percent and slipped near $71 for the third consecutive day. Gold remained sluggish at $2660 while silver remained above $31.5. In the domestic market, gold rose by Rs 200 to reach above Rs 76,600 while silver closed flat above Rs 92,400.
Important triggers for the market today
Nasdaq, S&P at all-time high, Dow falls 123 points
Crude slipped to $71, gold strengthened near $2660
slight weakness in gift nifty
FII: sold Rs 3422 crore in cash, stock futures
These shares are in discussion today
Voda Idea’s board will decide today on raising Rs 2000 crore by issuing shares to promoters. Paytm’s Singapore unit will sell its stake in Japan’s PayPay. SoftBank will sell stock acquisition rights to Vision Fund for Rs 2364 crore. Tire maker CEAT will acquire Michelin’s off-highway tire business brand Camso. This deal will be for around Rs 1900 crore in cash. Welspun Corp has received two big orders for pipe supply in the US. Third quarter order book of US plants crosses Rs 7000 crore.
