TODAY STOCK MARKET UPDATES

As of December 18, 2024, Indian #stock markets are experiencing a downturn, influenced by both domestic and international factors.


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Market Indices Performance

  • Nifty 50: Decreased by 0.5% to 24,211 points.
  • BSE Sensex: Fell by 0.54% to 80,244 points.

This decline follows a more than 1% drop on December 17, attributed to foreign outflows and the #Nifty 50 closing below its 50-day moving average.

Sectoral Indices

Out of the major sectoral indexes, 12 out of 13 were trading lower, indicating a broad-based decline across various sectors.

Foreign Investment

Foreign investors sold Indian stocks worth approximately ₹64.1 billion on December 17, contributing to the market's downward trend.

Global Influences

Investors are cautious ahead of the U.S. Federal Reserve's final monetary policy decision for the year. While a quarter-point rate cut is anticipated, uncertainty remains regarding the Fed's rate reduction path in 2025 due to persistent U.S. inflation and economic strength.

Notable Stock Movements

  • HDFC Bank: Fell over 1%.
  • ICICI Bank: Also declined by more than 1%.
  • MobiKwik: Soared 80% in its trading debut.
  • Vishal Mega Mart: Jumped 37% upon listing.
  • Sai Life Sciences: Gained 28% in early trading.

Regulatory Developments

The Securities and Exchange Board of India (SEBI) has proposed extending algorithmic trading opportunities to retail investors, a practice previously limited to foreign funds and proprietary traders. Draft guidelines require algorithms to be registered with stock exchanges and categorized as either transparent "white box" or opaque "black box," with specific rules for each. Exchanges will maintain a kill switch to prevent market manipulation by rogue algorithms. Public comments on the guidelines are open until January 3.

A Reuters poll forecasts the benchmark Sensex index to rise by only 9% from its current levels by the end of 2025, indicating moderate growth compared to previous years. Economic concerns include slowing consumer demand, reduced corporate earnings, and a record influx of new shares entering the market. Despite this, Indian markets are still anticipated to be among the top five globally in returns next year.

In summary, the Indian stock market is currently experiencing a decline due to a combination of foreign investor outflows, global economic uncertainties, and cautious sentiment ahead of key policy decisions. Investors are advised to monitor these developments closely, as they are likely to influence market dynamics in the near term.




NOTE - INFORMATION BASED ON INTERNET.