The benchmark BSE Sensex closed 67.30 points, or 0.09 per cent, lower at 78,472.87, while the Nifty 50 index closed 25.80 points, or 0.11 per cent, lower at 23,727.65.
Here’s how analysts read the market pulse.
Commenting on the day’s action, Vinod Nair, head of research at Geojit Financial Services, said domestic markets closed flat ahead of the holidays, with metal and power stocks underperforming and FMCG and auto sectors gaining in recent corrections. “The near-term market trajectory depends on third quarter results and the federal budget, but caution is warranted due to a strong dollar, higher bond yields and concerns about interest rate cuts. INR has hit an all-time low, further raising caution,” Nair added.
Asian stocks
Stocks fell Wednesday in Tokyo and Shanghai, two of the few global markets open on Christmas. Oil prices have risen. Japan’s Nikkei 225 index fell 0.1% to 38,997.02, and the Shanghai Composite Index fell 0.2% to 3,387.41.
american market
Wall Street’s major indexes all closed higher on Tuesday, with benchmarks bolstered by gains in megacaps and growth stocks in the Christmas Eve session. The Dow Jones Industrial Average and Nasdaq Composite Index both recorded gains for four consecutive trading days, and the S&P 500 continued its upward trend for three consecutive trading days, entering the first day of the Santa Claus season rally.
european market
Britain’s benchmark FTSE 100 rose for a second straight day on Tuesday in light trading ahead of the Christmas holiday, while shares in housebuilder Vistry fell after the company issued its third profit warning since October.
tech view
Nifty remained range-bound for most of the day before closing at the close. Rupak De, senior technical analyst at LKP Securities, said on the daily chart, the index closed below 200-DMA for the first time in three days, confirming the near-term bearish trend.
“RSI is at a bearish crossover and continues to decline, reinforcing the negative outlook. On the downside, support lies at 23,500-23,400 and resistance lies at 23,860,” De said.
Most active stocks by trading volume
Amber Enterprises (Rs 3,752.03 crore), Tata Investment (Rs 1,581.01 crore), HDFC Bank (Rs 1,302.83 crore), Zomato (Rs 1,012.95 crore), ICICI Bank (Rs 925.06 crore), Tata Motors (Rs 924.44 crore) and SBI (Rs 863.43 crore). (crore) is worth In terms of terms, it has been one of the most active stocks on the NSE. The higher activity of a counter in terms of value can help identify which counters have the highest turnover for the day.
Most active stocks by trading volume
Vodafone Idea (Shares traded: $28.55 billion), YES Bank (Shares traded: $4.47 billion), Zomato (Shares traded: $3.77 billion), JP Power (Shares traded: $3.36 billion) , IDFC First Bank (Rs 2.62 billion), Tata Steel (Shares traded: USD 2.58 billion) and Suzlon Energy (Shares traded: Rs 2.5 billion). ($80 million) stock: $2.48 billion) was one of the most actively traded stocks by volume on the NSE.
Stocks showing interest in buying
Shares of Finolex Cables, Triveni Engineering & Industries, Gillette India, Emami, RBL Bank, Solar Industries and Amber Enterprises were among the stocks that saw strong buying interest from market participants.
52 week high
More than 170 stocks hit 52-week highs and 64 stocks hit 52-week lows today. Among the companies hitting 52-week highs were Amber Enterprises, KFIN Technologies and Lloyds Metals & Energy.
Stocks under selling pressure
Stocks that came under significant selling pressure were Intellect Design, Go Digit General Insurance, KEC International, Torrent Power, Network18 Media, Mankind Pharma and Policy Bazaar.
Sentiment Meter Favors Bulls
Market sentiment was neutral. Of the 4,092 stocks traded on the BSE on Tuesday, 2,060 stocks declined, 1,936 rose and 96 were unchanged.
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(Disclaimer: Recommendations, suggestions, views and opinions provided by experts are their own. They do not represent the views of The Economic Times.)
