Indian stock market shows modest growth; Nifty struggles below 200 DMA; Market remains flat on last expiry day

Indian Stock Market Updates
Total 192 words · 1 min read
  • Indian stock market shows modest growth amid correction risks: Ajit Mishra emphasizes the need for strategic planning in the Indian stock market, highlighting long-term investment in quality stocks despite global uncertainties and domestic recovery challenges. This view comes as the market navigates potential economic hurdles.

  • Market remains flat on last expiry day of the year: On December 26, the Indian domestic market experienced a flat trend due to holidays in peer markets and a lack of significant triggers. While auto shares gained, concerns over foreign institutional investor outflows and a depreciating rupee persisted, contributing to a muted market atmosphere.

  • Nifty struggles below 200 DMA with bearish sentiment: The Indian benchmark indices ended flat on December 26, with the Nifty closing at 23,750.20. Analysts noted the index's sideways movement below the 200-Day Moving Average, indicating short-term pressure and bearish momentum, as more stocks declined than advanced.

  • Key market updates and IPO listings: The market is set for a muted open with a focus on IndusInd Bank, while several IPOs, including Mamata Machinery and DAM Capital, are expected to list at a premium. Notable stocks like Reliance Industries and Asian Paints have made records in 2024.

Follow What Matters to You

What interests you today?

Initializing Request

Extracting Keywords

Analyzing Relevant Sources

Generating Your Channel

Suggested Topics