As the year draws to a close, markets witnessed mixed sentiment today, with Nifty ending slightly positive amid increased volatility. Here’s a detailed breakdown of the day’s market performance and key developments.

Market Snapshot

• Nifty 50: Closed at 23,668, up by 24 points (+0.10%).

• Sensex: Ended at 78,139, down 0.14% (-111 points).

• India VIX: Rose by 3.44%, settling at 14.45, reflecting heightened market volatility.

Sectoral Highlights

• Top Gainers:

• Oil & Gas (+1.06%)

• Energy (+1.02%)

• Pharma (+0.74%)

• Top Losers:

• IT (-1.44%)

• Realty (-0.24%)

Top Movers

• Gainers:

• Avanti Feeds: ₹681 (+13.71%)

• Crisil: ₹6,653 (+11.02%)

• Losers:

• Easy Trip Planner: ₹15.56 (-6.92%)

Key Developments

1. Corporate News:

• Akzo Nobel India: Fined ₹9.89 lakh by Karnataka GST Department for e-waybill discrepancy.

• Indo Tech Transformers: Secured an LOA for transformers worth ₹32.32 crore; project completion by December 2025.

• RVNL: Bagged a ₹404.4 crore contract from East Coast Railway.

• Jupiter Wagons: Increased its stake in Jupiter Electric Mobility from 60% to 75%.

• India Cements: Announced new CEO and CFO appointments effective January 1, 2025.

2. Sector-Specific Updates:

• Oil & Gas: Stocks rallied ahead of Q3 earnings due to rising Singapore GRM (Gross Refining Margins).

• Metals: Rebounded as China reported robust PMI data, signaling a recovery in industrial activity.

• Soda Ash Industry: Government plans to curb imports with a minimum shipment price, potentially benefiting domestic players like Tata Chemicals and GHCL.

Broader Market Sentiment

• Market Breadth: Positive, with advancing stocks outnumbering decliners.

• Technical Overview: The Nifty has been consolidating between 23,500-24,000 over the last five sessions. A breakout on either side could determine the market’s near-term direction.

Global Economic Calendar

Investors are advised to monitor key global economic events in the coming week, including manufacturing PMI data, U.S. jobless claims, and updates on China’s industrial production. These factors could influence market sentiment as we transition into the new year.

Closing Note

The markets remain cautiously optimistic, with a selective approach evident across sectors. For detailed analysis and actionable insights, watch our YouTube video update.

Stay informed and invest wisely as we gear up for a dynamic 2025!