After Monday's tumultuous surge, India's stock market did not witness much volatility on Tuesday. The Sensex fell very slightly, while the Nifty rose by just about 4 points. Experts report that profit booking was observed throughout the day.
After a full day of trading on Tuesday, December 23, the Sensex fell 42.64 points to close at 85,524.84 points. Meanwhile, the Nifty 50 rose 4.75 points to close at 26,177.15 points.
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According to media reports, Vinod Nair, Research Head at Geojit Investment Limited, said the market moved within a narrow range on this day. Overall, the market remained flat depending on the global situation elsewhere. He reports that there was selling pressure across almost all sectors. Experts believe that investors currently want to book profits and wait while looking toward the future.
Which companies gained?
Several companies showed gains on this day. ITC rose 1.27%, UltraTech Cement increased 1.15%, Tata Steel gained 1.03%, and HDFC Bank rose 0.94%. NTPC increased 0.78%.
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Which companies faced setbacks?
Several major companies saw their prices fall on this day. Infosys fell 1.45%, Bharti Airtel dropped 0.97%, Adani Ports fell 0.95%, and Sun Pharmaceuticals declined 0.93%. Tech Mahindra's price fell 0.88%.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the stock market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational purposes and awareness.}
