Stock Market Update: Consumer Durables Soar, Realty Takes a Hit
Table of Contents
Consumer Durables Lead the Way
In yesterday’s stock market trends, consumer durables stocks emerged as the top performers. These stocks, encompassing items like refrigerators, televisions, and air conditioners, experienced a notable surge. Consumer durables are considered non-essential goods, and their increased demand signals positive economic sentiments.
Realty Stocks Witness Decline
On the flip side, realty stocks faced a downturn, marking the most significant fall in the market. This sector, which includes companies involved in real estate development, construction, and housing, experienced a dip in value.
Asian Markets Paint a Mixed Picture
While the Indian market saw a mixed bag, with consumer durables rising and realty falling, other Asian markets had a more positive overall performance. With the exception of Japan and Hong Kong, most other markets closed in the green, indicating a regional trend toward growth.
Top Gainers and Losers
NIFTY 50 – Top Gainers:
- Grasim: Rs 2,168.60, ▲ 2.99%
- Bajaj Finserv: Rs 1,620.15, ▲ 2.81%
- Bajaj Auto: Rs 8,509.70, ▲ 2.22%
- Cipla: Rs 1,470.35, ▲ 2.06%
- ICICI Bank: Rs 1,043.75, ▲ 2.00%
NIFTY 50 – Top Losers:
- Coal India: Rs 461.00, ▼ 3.96%
- L&T: Rs 3,339.85, ▼ 1.38%
- SBI Life: Rs 1,488.85, ▼ 1.30%
- Wipro: Rs 535.95, ▼ 1.30%
- HDFC Life: Rs 585.20, ▼ 1.22%
Market Insights and Highlights
Regional Vehicle Sales:
Uttar Pradesh led in vehicle sales for Oct-Dec 2023, followed by Maharashtra, Gujarat, and Tamil Nadu, according to the Society of Indian Automobile Manufacturers (SIAM).
Corporate Ventures:
TVS Mobility is set to form a joint venture with Mitsubishi Corp., while the Reserve Bank of India grants Mswipe Technologies a payment aggregator (PA) license.
Investment and Contracts:
- Power Grid approved an investment of Rs 656 crore for nationwide electricity transmission projects.
- NHPC inaugurated the foundation laying ceremony for a 300 MW solar power plant in Rajasthan.
- NBCC secured a contract worth Rs 331.9 crore from Rani Lakshmi Bai Central Agricultural University.
- Titagarh Rail won a Rs 170 crore contract from the Ministry of Defense for specialized wagon production.
Financial Moves:
One97 (Paytm) transferred its nodal account from Paytm Payments Bank to Axis Bank, while IREDA collaborates with PNB for jointly financing green energy projects. Coal India plans to participate in mining ministry auctions for three critical minerals blocks in February.
Market Indices and Currency Exchange
1 Day Change:
- Gold: Rs 62,033, ▲ 0.52%
- Silver: Rs 71,464, ▲ 0.18%
- USD-INR: Rs 83.04/USD, ▼ 0.04%
- Dow Jones: 38,627.99, ▼ 0.37%
- Nasdaq: 15,775.65, ▼ 0.82%
Long-Term Returns (Past 20 Years):
- Sensex: ▲ 13.27% p.a.
- Nifty: ▲ 13.18% p.a.
- Dow Jones: ▲ 6.62% p.a.
- Nasdaq: ▲ 10.66% p.a.
The market showcased a dynamic interplay of gains and losses, with consumer durables leading the positive charge and realty facing a setback. Investors will keenly observe these trends while considering the various corporate developments and government initiatives shaping the economic landscape.
Wow, fantastic weblog format! How long have you ever been running
a blog for? you make running a blog look easy. The entire glance of your
website is magnificent, as smartly as the content! You can see
similar here dobry sklep
This is a topic close to my heart cheers, where are your contact details though?
Real clear website , appreciate it for this post.
Howdy are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding knowledge to make your own blog? Any help would be greatly appreciated!
he blog was how do i say it… relevant, finally something that helped me. Thanks
What¦s Happening i’m new to this, I stumbled upon this I have found It positively useful and it has aided me out loads. I’m hoping to give a contribution & assist other users like its aided me. Good job.
F*ckin’ remarkable things here. I’m very glad to peer your article. Thanks so much and i’m taking a look ahead to touch you. Will you please drop me a e-mail?
you are in reality a good webmaster. The website loading velocity is amazing. It sort of feels that you’re doing any unique trick. In addition, The contents are masterwork. you have performed a magnificent task in this topic!
Great tremendous things here. I?¦m very satisfied to look your article. Thank you a lot and i am having a look ahead to touch you. Will you please drop me a mail?
Wonderful site. Plenty of useful info here. I¦m sending it to several pals ans also sharing in delicious. And obviously, thanks in your sweat!
Tonic Greens: An Overview. Introducing Tonic Greens, an innovative immune support supplement
I am glad to be a visitor of this pure site! , appreciate it for this rare information! .
Good blog! I really love how it is simple on my eyes and the data are well written. I’m wondering how I could be notified when a new post has been made. I have subscribed to your RSS feed which must do the trick! Have a great day!
What Is Java Burn? Java Burn is an herbal weight loss formula that comes in the form of sachets of fine powder.
F*ckin¦ tremendous things here. I am very satisfied to see your article. Thanks a lot and i am taking a look ahead to contact you. Will you kindly drop me a e-mail?
Great tremendous issues here. I am very happy to look your article. Thanks so much and i am looking forward to contact you. Will you please drop me a mail?
I am glad to be one of several visitors on this great web site (:, regards for posting.
You are my breathing in, I have few web logs and very sporadically run out from to brand.
I believe you have mentioned some very interesting points, thankyou for the post.
Just wanna remark on few general things, The website design and style is perfect, the articles is very great : D.
What i don’t understood is actually how you’re not actually much more well-liked than you may be now. You are so intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it’s one thing to accomplish with Lady gaga! Your own stuffs nice. Always maintain it up!
Good – I should definitely pronounce, impressed with your site. I had no trouble navigating through all the tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Excellent task.
Yeah bookmaking this wasn’t a speculative decision outstanding post! .
I think this is among the most vital info for me. And i’m glad reading your article. But should remark on some general things, The web site style is perfect, the articles is really great : D. Good job, cheers
I dugg some of you post as I cerebrated they were extremely helpful very beneficial
Yeah bookmaking this wasn’t a bad decision great post! .
Very well written article. It will be valuable to anybody who utilizes it, including me. Keep up the good work – looking forward to more posts.
Its such as you read my mind! You seem to grasp a lot about this, like you wrote the book in it or something. I feel that you simply can do with some to drive the message home a bit, but other than that, that is fantastic blog. A fantastic read. I’ll certainly be back.
I enjoy the efforts you have put in this, appreciate it for all the great articles.
What Is FitSpresso? The effective weight management formula FitSpresso is designed to inherently support weight loss. It is made using a synergistic blend of ingredients chosen especially for their metabolism-boosting and fat-burning features.
I truly enjoy reading through on this site, it has got good posts.
I like the valuable information you provide in your articles. I’ll bookmark your blog and check again here frequently. I am quite certain I will learn many new stuff right here! Best of luck for the next!
Excellent items from you, man. I’ve remember your stuff previous to and you’re just too great. I actually like what you’ve bought right here, certainly like what you are saying and the way wherein you are saying it. You’re making it enjoyable and you still care for to keep it smart. I cant wait to learn far more from you. This is really a tremendous website.
Perfect piece of work you have done, this website is really cool with superb information.
Perfectly written subject material, thanks for information. “The last time I saw him he was walking down Lover’s Lane holding his own hand.” by Fred Allen.
I truly appreciate this post. I’ve been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
I loved as much as you will obtain performed proper here. The cartoon is tasteful, your authored material stylish. nevertheless, you command get got an impatience over that you would like be handing over the following. in poor health surely come more previously once more since exactly the same nearly a lot incessantly inside case you protect this increase.
What i don’t realize is in fact how you’re now not really much more smartly-appreciated than you may be now. You’re so intelligent. You realize therefore considerably with regards to this subject, produced me in my view imagine it from numerous various angles. Its like women and men don’t seem to be involved except it is something to do with Lady gaga! Your own stuffs great. Always maintain it up!
Great website. A lot of helpful info here. I am sending it to some pals ans also sharing in delicious. And obviously, thanks on your sweat!
you have a great blog here! would you like to make some invite posts on my blog?
Greetings from Carolina! I’m bored to tears at work so I decided to check out your blog on my iphone during lunch break. I love the info you provide here and can’t wait to take a look when I get home. I’m shocked at how quick your blog loaded on my mobile .. I’m not even using WIFI, just 3G .. Anyways, great blog!
Howdy! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us valuable information to work on. You have done a extraordinary job!
You are my inhalation, I have few web logs and rarely run out from to brand.
I enjoy assembling useful information , this post has got me even more info! .
naturally like your web-site but you have to test the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very bothersome to tell the truth then again I will surely come again again.
Hello there, I found your site via Google while searching for a related topic, your web site came up, it looks great. I’ve bookmarked it in my google bookmarks.
Glad to be one of several visitors on this awesome website : D.
I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking for. Would you offer guest writers to write content for yourself? I wouldn’t mind composing a post or elaborating on most of the subjects you write with regards to here. Again, awesome blog!
Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyway, just wanted to say fantastic blog!
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
It’s actually a cool and useful piece of info. I’m happy that you shared this helpful information with us. Please stay us up to date like this. Thank you for sharing.
This site is really a stroll-by way of for all of the information you wished about this and didn’t know who to ask. Glimpse right here, and also you’ll definitely uncover it.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you.