Market Wrap, December 16: SENSEX, NIFTY end lower on weak global cues; realty stocks dazzle

Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations at the start of a week packed with central bank meetings and major economic data.

Further, worries over the Fed's rate trajectory, too, kept the investors on tenterhooks. 

At close, the S&P BSE SENSEX stood at 81,748.57 levels, down 384.5 points, or 0.47%, while the NSE's NIFTY50 index ended at 24,668.25, down 100 points, or 0.4%.

Market Statistics

As many as 4,240 stocks traded on the BSE on Monday. Out of this, 2,346 advanced, and 1,796 declined, while 98 scrips remained unchanged. 

A total of 317 stocks hit their 52-week highs on the BSE, while 22 stocks touched their 52-week lows. 

Further, 8 stocks hit their upper circuit limits, and 1 stock hit its lower circuit band. 

Top gainers & losers

Of 50 constituents of the NIFTY50 index, 40 declined, and 9 advanced, while 1 remained unchanged. 

The top five gainers on the index were Dr Reddy's, IndusInd Bank, HDFC Life, Bajaj Finance, and Power Grid Corporation of India.

The top five losers were Titan Company, Adani Ports, Hindalco, TCS, and Tech Mahindra. 

On the SENSEX, 24 stocks ended in the red and the rest six in the green. 

Infosys was the biggest contributor to the index's loss, followed by TCS and HDFC Bank. 

Buzzing Stocks

Shares of Swiggy ended 11.7% higher at ₹594.80 apiece on the BSE. Earlier this month, Swiggy said it was betting big on its quick commerce business and plans to double its store count to over 1,045 with more than double the area to 40 lakh square feet by March 2025.

The company further said it was replacing some of its older, small-format stores of 2,500-2,800 sq ft with larger stores of 3,500-4,500 sq ft that can house up to 20,000 SKUs.

Dixon Technologies shares hit a record high as the company has signed a deal with Chinese mobile phone company Vivo. The electronics contract manufacturer and Vivo will set up a joint venture for the manufacturing of electronic devices, including smartphones, a regulatory filing said on Sunday.

Broader Market

The BSE MidCap index ended at 48,126.66, up 0.73%, or 350 points, and the BSE SmallCap index settled at 57,227.62, up 270 points, or 0.47%.

Sector Watch

Most sectoral indices ended in the red on Monday. However, realty stocks dazzled. 

The BSE REALTY index ended 3.17% higher at 8,716.96 levels. 

On the other hand, metal and technology stocks slipped in the trade.