SENSEX, NIFTY50 trade flat but volatile in early trade; select Tata Group stocks rally

Stock market today: The domestic stock market was trading with marginal losses in the early trade on Tuesday, December 24, amid selling in index heavyweights such as HDFC Bank, Bharti Airtel, ICICI Bank, and ITC.

At 9:44 AM, the S&P BSE SENSEX was trading at 78,484.69, down 55 points, or 0.07%, while the NIFTY50 index of the NSE was trading at 23,739.25, down 14 points, or 0.06%.

Out of 50 constituents of the NIFTY50 index, 29 were trading in negative territory, and the remaining 21 were in the green.

Buzzing Stocks

Shares of Tata Investment Corporation (TICL) jumped as much as 12% to ₹7,314 apiece on the NSE in the early trade on Tuesday, December 12, amid reports that Tata Capital is preparing to launch a ₹15,000 crore IPO.

Other Tata Group stocks, such as Tata Motors, Tata Technologies, and Tejas Networks, too, were trading with gains.

Broader Market

The BSE MidCap index was trading at 46,386.89, up 113 points, or 0.24%, while the BSE SmallCap index was ruling at 55,084.74, up 267 points, or 0.49%.

Sector Watch

All the sectoral indices, barring banking and metals, were trading in positive territory. IT and auto stocks were trading with decent gains.

The BSE AUTO index was trading at 51,444.80, up 0.70%.

Global Markets

On the global front, Asian stocks edged up on Tuesday, though moves were subdued in a holiday-curtailed week, while the greenback held near a two-year high, helped by elevated US Treasury yields as investors prepared for fewer Federal Reserve rate cuts in 2025.

In the overnight trade, Wall Street's main indexes all ended higher, with both the Dow Jones Industrial Average and the Nasdaq Composite making it three straight wins, aided by gains by many of the so-called Magnificent Seven tech stocks on a holiday-thinned trading day.