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Stock Market Report: Yesterday’s Performance and Key Highlights
The stock market experienced a challenging day yesterday, with indices opening below the previous day’s closing points. While the Nifty 50 briefly hit its highest point at 10:16 AM, it faced a steady decline throughout the trading session. Here’s a detailed breakdown of the market trends and highlights.
Sectoral Performance: FMCG Stands Strong
The majority of sectors ended the day in negative territory. Notably:
- FMCG Sector: The only sector to close positively, showcasing resilience amidst a broader market downturn.
- Realty Stocks: Experienced the steepest declines, reflecting market pressure.
- Oil and Gas Stocks: Followed suit with significant losses.
Global Market Trends
Global cues also contributed to the subdued sentiment:
- US and European Markets: Mostly flat, providing little momentum for domestic markets.
- Asian Markets: Closed negatively, mirroring the downward trend seen locally.
Top Gainers and Losers on Nifty 50
Despite the market’s overall decline, a few stocks managed to register gains, while others faced steep losses.
Top Gainers
- Bajaj Auto: ₹8,835.85 ▲ 2.24%
- Nestle: ₹2,256.05 ▲ 1.63%
- Hindustan Unilever: ₹2,435.40 ▲ 1.43%
- Britannia: ₹4,926.30 ▲ 1.37%
- M&M: ₹3,126.50 ▲ 1.31%
Top Losers
- Shriram Finance: ₹2,809.85 ▼ 3.07%
- ONGC: ₹263.18 ▼ 3.00%
- BPCL: ₹280.00 ▼ 2.37%
- Coal India: ₹372.20 ▼ 2.14%
- Tata Steel: ₹129.93 ▼ 2.04%
Key Financial News
- Mutual Funds:
- Net inflow in equity mutual funds surged 142% YoY to ₹41,156 crore in December 2024.
- Debt mutual funds witnessed a net outflow of ₹1.27 lakh crore, marking a significant increase from the ₹75,560 crore outflow recorded in December 2023.
- China’s Inflation:
- China’s annual inflation rate dropped to 0.1% in December, the lowest since March 2024.
- Quadrant Future Tek IPO:
- Subscribed 186.66 times, with retail subscription reaching a staggering 246.94 times.
Stock Updates
- TCS:
- Reported an 11.96% YoY growth in net profit to ₹12,380 crore for the October-December quarter.
- Announced an interim dividend of ₹10 per share and a special dividend of ₹66 per share.
- Approved a ₹1,625 crore acquisition of two Tata Realty and Infrastructure subsidiaries.
- Shriram Finance:
- Set for a stock split today, with one share being split into five equal shares.
- Swiggy:
- Announced a new app for its quick commerce service, Instamart, now operational in 76 cities.
- Tata Elxsi:
- Reported a 5.05% YoY decline in net profit to ₹199 crore for the October-December quarter.
- NTPC:
- Formed a joint venture, NTPC Rajasthan Green Energy, to develop renewable energy projects and green hydrogen initiatives.
- BHEL:
- Commissioned two units of the Punatsangchhu-II hydroelectric project in Bhutan.
Commodities and Currencies
- Gold: 10g at ₹78,080 ▲ 0.63%
- Silver: 1kg at ₹91,420 ▲ 0.58%
- USD-INR: ₹85.88/USD ▲ 0.04%
Long-Term Market Returns
For long-term investors, the market continues to provide robust returns over the past 20 years:
- Sensex: ▲ 13.27% per annum
- Nifty: ▲ 13.07% per annum
- Dow Jones: ▲ 7.20% per annum
- Nasdaq: ▲ 11.81% per annum
The market’s performance yesterday reflected a mix of global pressures and sectoral weaknesses. While most sectors faced declines, the FMCG sector provided a silver lining. Investors should keep an eye on global developments and stock-specific updates as the market navigates uncertain waters.