Business Economy


Stock market snaps two-day gaining streak amid volatility

New Delhi, Dec 15 (UNI) The Indian stock market on Monday snapped two-day gaining streak with Nifty managed to close above 26,000 in the volatile session.
At close, the Sensex was down 54.30 points or 0.06% at 85,213.36, and the Nifty was down 19.65 points or 0.08% at 26,027.30. BSE midcap index ended flat, while smallcap index rose 0.4%.
The overall market capitalisation of BSE-listed companies remained stable at nearly Rs 470.4 lakh crore, unchanged from Rs 470.3 lakh crore in the previous session.
Among the sectors, most indies ended higher with Nifty Media spiked 1.79%, while FMCG up by 0.69% and Consumer Durables was up by 0.52%. Further, Nifty Bank rose 0.12% while on the other hand, the Nifty Auto index was down 0.91%.
On Nifty, those on the gaining side were InterGlobe Aviation up by 2.05%, Trent up by 1.22%, and Hindustan Unilever up by 1.21%.
Those on the losing side were shares of Mahindra & Mahindra down by 1.90%, Eicher Motors down by 1.56%, and ONGC was down by 1.18%.
Out of 4,444 stocks traded on the BSE, 2,237 advanced, while 2,029 declined. Some 178 stocks remained unchanged.
On BSE, around 132 stocks hit their 52-week highs while 150 stocks that hit their 52-week lows in intraday trade on the BSE.
Those on the highs were Vedanta, Muthoot Finance, IDFC First Bank, Hindustan Zinc, Federal Bank, and Ashok Leyland. Sheela Foam, Ramkrishna Forgings, and Petronet LNG hit their lows.
The Indian rupee fell to a record low of 90.74 against the US dollar.
Auto stocks such as Mahindra & Mahindra and Hyundai Motor India declined around 2% each.
Some other key stocks, including KPIT Technologies, Tejas Networks, Blue Jet Healthcare, Ipca Laboratories, Mankind Pharma and Sapphire Foods India, also closed in the red, declining in the range of 1.5% to 2%. UNI VK SAS SSP
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