Share Market Today: NIFTY Below 23,770 while SENSEX Trading at Almost Flat

Market Update: Nifty 50 Below 23,770 but Stays Green and Sensex Trading at a Flat Line With 78,496.40 Points; Adani Ports, Maruti Suzuki, M&M Leading

The share market today remained volatile with the NIFTY 50 index at 23,727.65 which is a 0.1% drop following the rebound of Monday. The SENSEX too fell 0.1% at 78472.87 on Tuesday from the previous day’s closing price The FMCG and automobile Sector saw moderate gains while the IT and metal industry stayed under pressure. 

Although Wednesday was a holiday for Christmas, the trend is likely to remain cautious moving forward. Currently, the SENSEX is trading at 78502.67 with a negligible 0.3% surge from the previous day’s closing and the NIFTY 50 with a 0.10% gain making it to 23,747 from Tuesday’s closing price in the Indian Share Market today.

The trend remains weak with no signs of reversal. As per the market experts, NIFTY can face problems rising above the 3900 to 24000 range. In the worst case, the support will be at 23,500.

The NIFTY Bank has gone significantly down by 0.18% with AU Small Finance, IDFC First Bank, HDFC Bank, and Axis Bank sliding down, whereas Bank of Baroda, Federal Bank, PNB, Kotak Mahindra going slightly surged by less than 1%.

Major heavyweights that have contributed to the stock pulling the indices up are Adani Ports, M&M, Tata Motors, Bharati Airtel, Maruti Suzuki, etc., while some of the most active stocks include One Mobikwik, Amber Enterprises, Intellect Design Arena Ltd, Mazagon Dock Shipbuilders Ltd, etc.  

Let's look closely at the share market live updates in detail to have better clarity on stock performing well today.

Adani Ports

Adani Ports is the only stock that is currently leading with a gain of more than 4% from its previous closing of 1182.20 after incurring losses in the price of its stocks for the past few days. This stock has been leading the most in the transportation infrastructure sector on the stock exchange and has a major contribution in pulling the indices up. 

The stock has been trading all day and has reached the highest day value of Rs 1232.30 and is currently trading at an LTP of 1229.90. It is expected to touch the day-high mark once again before the market closes.

Mahindra and Mahindra Ltd.

Mahindra and Mahindra Ltd. in the automobile industry have also generated over 1.61% profit in their stock prices from its previous closing of Rs 2,928.70 per stock price. The stock has been trading the whole day and has gone to a day high of Rs 2,984.00 and is currently trading at an LTP of Rs 2976.00 per stock price. 

Maruti Suzuki

The Maruti Suzuki share price has been rising by approximately 1.55% from its previous day’s closing of Rs 10,736.60. The stock went to a day high of Rs 10,974.80 and is at an LTP of Rs 29876.50 per stock price.

Other Stocks' Contribution to Pulling the Indices Up

Conclusion

The stock market today showcases mixed trends with modest gains in the heavyweight stocks of NIFTY 50 and SENSEX, despite weak overall sentiments of the investors. The leading heavyweights like M&M, Adani Ports, SBI Life Insurance, and others have helped the indices pull up while the banking sector majorly saw a decline with a very low profit for some. The investors are advised to keep a close eye on the resistance and the support levels for the next few days.