Stock Market Update: Nifty 50 and Sensex close in negative, down by 0.16% and 0.14%

On Wednesday, the Indian stock market closed trading in the red. Nifty 50 opened at 25,902.40, reaching a high of 25,929.15, and closing at 25,818.55, down by 0.16%. Similarly, the BSE Sensex opened at 84,856.26, reached a high of 84,889.45, and ended at 84,559.65, down by 0.14%.Reasons for the negative sentimentThe markets traded in the red due to the following reasons:The cautious investor sentiment amid continuous FII selling in the Indian Markets.The uncertainty on further rate cuts by the Fed amid mixed U.S. payrolls data.Major Indices Today IndicesLTPPrev closeChangeNifty 5025,818.5525,860.10-0.16%BSE Sensex84,559.6584,679.86-0.14%Next 5068,076.8568,337.20-0.38%Bank Nifty58,926.7559,034.60-0.18%Fin Nifty27,251.9527,385.55-0.49% Nifty and Sensex traded in the red, dragged down by losses in Bank and Finance stocks.Nifty Next 50 traded lower, dragged by the losses in Finance, Power, and FMCG stocks.The Bank Nifty traded lower after the Supreme Court said banks will be liable for lapses in preventing cyber fraud, following losses of about ₹ 3,000 crore from digital arrests and cyber heists.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT38,172.0538,062.500.29%Nifty Auto27,489.2527,542.20-0.19%Nifty FMCG54,603.4054,863.45-0.47%Nifty Pharma22,612.1522,591.500.09%Nifty Healthcare14,566.6014,625.30-0.40%Nifty Oil & Gas11,884.6511,856.800.23% Nifty IT traded higher amid a global rally in tech stocks.Nifty Auto and Nifty FMCG traded in the red following the broader market sentiment.Nifty Pharma traded in the green after Odisha received investment proposals worth ₹7,043 crore and signed 45 MoUs at the first Odisha Pharma Summit 2025.Nifty Oil & Gas traded higher after crude oil and natural gas prices rose.Market Movers TodayShriram Finance shares rose by 3% ahead of the company’s board meeting scheduled for Friday, with the possibility of discussion on a potential deal with Japan's Mitsubishi UFJ Financial Group (MUFG), which is planning to acquire a minority stake in the company.Indraprastha Gas shares rose by 6.5% after Nomura upgraded the company’s rating from ‘neutral’ to ‘buy’.Meesho shares rose by 20% to hit the upper circuit after the brokerage firm UBS initiated a ‘Buy’ call for the stock.Ahluwalia Contract shares rose by 5% after the company won a contract from the Bihar State Tourism Development Corporation for construction and overall development work for Shri Ram Janmabhoomi Tirtha Kshetra, Ayodhya, at Punauradham, on an EPC basis.Top Gainers Company NameLTPPrev CloseChangeAPL Apollo Tubes1,764.501,732.901.82%Bank of India141.96139.381.85%Canara Bank150.21147.172.07%Punjab National Bank119.33117.031.97%Bank of Baroda287.60282.851.68% Top Losers Company NameLTPPrev CloseChangePolycab7,079.507,361.50-3.83%Max Healthcare Institute1,031.101,073.00-3.90%Amber Enterprises6,580.506,779.50-2.94%Colgate Palmolive2,087.402,160.40-3.38%Dixon Technologies13,274.0013,628.00-2.60% 52W High Stocks Company NameLTP52W highChangeHindustan Zinc578.30587.701.87%Vedanta569.80580.450.05%Shriram Finance864.20875.451.86%NALCO279.45281.500.94%Kirloskar Oil Engines1,281.401,290.004.43% 52W Low Stocks Company NameLTP52W lowChangeREC333.95332.50-0.43%Mankind Pharma2,111.202,090.000.25%United Breweries1,611.701,603.50-0.79%Page Industries36,055.0035,980.00-0.83%Jubilant FoodWorks554.05548.40-1.10% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea11.1311.25-1.07%Yes Bank21.5621.500.28%Sammaan Capital145.78146.89-0.76%Eternal284.45284.450.00%Suzlon Energy51.9452.67-1.39% IPOsKSH International IPO is open and will close on 18th December. The price band set for the IPO is ₹365 to ₹384.Allotted todayICICI Prudential Asset Management shares allotted today. Investors can check their allotment status on the NSE and BSE websites.Listed TodayNephrocare Health Services made its debut with a 6.52% premium, listing at ₹490 per share on the NSE. The price band was set at ₹438 to ₹460.Park Medi World shares were listed today with a discount of 3.95% at ₹155.6 on the BSE. The price band was set at ₹154 to ₹162 per share.Market AnnouncementseClerx Services shares rose by 3.9% after the company increased the buyback price from ₹4,500 to ₹4,800 per share.Aditya Birla Real Estate shares rose by 3.4% after the Competition Commission of India (CCI) approved ITC’s proposal to acquire Aditya Birla Real Estate’s pulp and paper business.

Stock Market Update: Nifty 50 and Sensex close in negative, down by 0.16% and 0.14%

Read More on Market Today

Read More on Market Today

Read Other Articles