Market Wrap, December 26: SENSEX, NIFTY end listless amid lack of major triggers; 155 stocks hit 52-week high on BSE

The financial markets were closed yesterday (December 25) on account of Christmas.

According to market experts, trading volumes will be light as the year draws to a close, and they expect directional cues for the benchmark indices to emerge after the corporate earnings season that begins in the second week of January.

At close, the S&P BSE SENSEX stood at 78,472.48, down 0.39 points, or 0.00%, while the broader NIFTY50 index of the NSE ended at 23,750.20, up 22.55 points, or 0.1%.

Top gainers and losers

Out of 50 components in the NIFTY50 index, 31 gained, and 18 declined, while one remained unchanged.

On SENSEX, Adani Ports (up over 5%) emerged as the top gainer, followed by M&M, and Maruti.

On the other hand, Titan Company (down 1%) was the biggest loser.

Market Statistics

The market breadth was in favour of bears as out of 4,074 stocks traded on the BSE, 2,329 declined, 1,639 advanced, and 106 scrips remained unchanged.

As many as 155 stocks hit their 52-week highs while 80 stocks touched their 52-week lows.

Further, five stocks hit their upper circuits, and 2 scrips touched their lower circuits.

Buzzing Stocks

According to news reports, global brokerage firm JP Morgan is positive on the stock.

The brokerage, in its recent report, highlighted Sagility's strong positioning in the niche healthcare services segment, catering largely to non-discretionary spending, which provides a stable growth outlook even in uncertain market conditions.

JPMorgan emphasised that Sagility is well-placed to benefit from secular tailwinds, particularly due to the increasing trend of outsourcing in the US healthcare sector.

On November 27, shares of NTPC Green Energy Ltd, the renewable energy arm of NTPC, were listed with a premium of over 3% against the issue price of ₹108.

The stock made its debut at ₹111.60, up 3.33% from the issue price on the BSE. Later, it climbed 12.40% to ₹121.40.

Broader Market

The BSE MidCap index ended at 46,364.51, up 50.49 points, or 0.11%, while the BSE SmallCap index ended at 54,893.21, down 130 points, or 0.24%.

Sector Watch

Services stocks rallied the most on the BSE, followed by auto, healthcare, and power.

The BSE Services index ended at 1,443.24, up 1.80%.

BSE Services is designed to provide investors with a benchmark reflecting companies included in BSE AllCap that are classified as members of the services sector. It was launched on September 19, 2022.