Stock Market Overview: Sensex and Nifty Close Flat
The Indian stock market witnessed a relatively subdued day as both the Sensex and Nifty closed almost flat. While certain sectors experienced gains, others faced declines, reflecting a mixed sentiment among investors.
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Sectoral Performance: Media and Oil & Gas Stocks Surge
In a day marked by stability, the media and oil & gas sectors stood out with the most significant gains. On the flip side, the financial services and auto sectors faced notable declines.
Commodity Markets Take a Breather on New Year’s Evening
The commodity markets took a break during the evening session, aligning with the celebratory mood of the new year.
Asian Markets: A Mixed Bag Except for Japan
Across Asia, markets, excluding Japan, closed in the green, indicating a positive regional trend.
Top Gainers and Losers on NIFTY 50
Top Gainers:
- Nestle – Rs 27,372.40 (▲ 2.98%)
- Adani Enterprises – Rs 2,917.20 (▲ 2.40%)
- Adani Ports – Rs 1,047.85 (▲ 2.29%)
- Tech Mahindra – Rs 1,297.15 (▲ 1.93%)
- Coal India – Rs 381.80 (▲ 1.54%)
Top Losers:
- Eicher Motors – Rs 4,038.35 (▼ 2.54%)
- Airtel – Rs 1,013.05 (▼ 1.86%)
- M&M – Rs 1,703.30 (▼ 1.51%)
- Bajaj Auto – Rs 6,701.10 (▼ 1.41%)
- Hindalco – Rs 610.40 (▼ 0.72%)
Auto Sales Update: December Numbers Are In
Indian automakers released their sales figures for December, providing insights into the industry’s performance.
Listed Companies Year-on-Year Sales:
- Maruti Suzuki: Sales fell by 1.29%, with 1.38 lakh units sold.
- Tata Motors: Domestic sales increased by 4.30%, totaling 76,138 units.
- M&M: Registered a 6% rise in sales, with 60,188 vehicles sold.
- Ashok Leyland: Experienced a 4.56% decline in sales, selling 13,031 units.
2/3 Wheeler Makers:
- Bajaj Auto: Reported a robust 16.09% rise in sales, with 3.27 lakh vehicles sold.
- TVS Motor: Witnessed a 24.75% increase in sales, selling 3.02 lakh units.
- Eicher Motors: Sold 63,387 Royal Enfields, reflecting a 7.33% decrease.
Other Market Highlights:
- India’s gross GST collection increased by 12% year-on-year, reaching Rs 14.97 lakh crore for the April-December period.
- ISRO’s solar mission Aditya-L1 is set to reach its destination L1 point on January 6, and the inaugural X-Ray Polarimeter Satellite (XPoSat) has been successfully launched.
- Institutional investments in real estate fell by 37% in the Oct-Dec quarter to $822.3 million, according to Colliers.
- The price of Aviation Turbine Fuel (ATF) has decreased by 4%, and the LPG rate has also seen a reduction of Rs 1.50 per 19-kg cylinder.
- India experienced a 2.3% decrease in power consumption, totaling 119.07 Billion Units (BU) in December, marking the first monthly decline in 8 months.
Stocks in the Spotlight:
- Reliance Power announced the sale of its 1,200 MW Kalai II hydroelectric project to THDC India for Rs 128.39 crore.
- JK Tyre raised Rs 500 crore through a qualified institutional placement (QIP).
- HFCL received an order worth Rs 1,127 crore from BSNL.
- Grasim successfully commissioned extra capacity at its plant in Bharuch, Gujarat.
- BHEL emerged as the successful bidder for the Talabira power project in Odisha.
- Hero Moto plans to launch a new 440cc motorcycle on January 22.
Market Statistics: 1 Day Change and Long-Term Returns
1 Day Change:
- Gold and Silver markets remained closed.
- USD-INR: ₹83.24/USD (▼ 0.04%)
- Dow Jones: 37,689.54 (▼ 0.05%)
- Nasdaq: 15,011.35 (▼ 0.55%)
Long-Term Returns (Past 20 Years):
- Sensex: ▲ 13.23% p.a.
- Nifty: ▲ 12.92% p.a.
- Dow Jones: ▲ 6.62% p.a.
- Nasdaq: ▲ 10.59% p.a.
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