PSU stocks such as Chennai Petroleum Corporation Ltd (CPCL), Mangalore Refinery and Petrochemicals Ltd (MRPL), Cochin Shipyard Ltd, MMTC Ltd, ITI Ltd and Oil India Ltd have led the losers, falling 47-59 per cent.
India's benchmark indices ended lower on Wednesday, pressured by financial and consumer stock sell-offs amid cautious market sentiment ahead of corporate earnings and concerns over limited U.S. Federal Reserve interest rate cuts.
Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.
Stock Market today | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 December 2024.
Shares of PSU National Mineral Development Corporation (NMDC) were among the worst hit and were trading over 5% lower at Rs 212 on NSE, while Tata Steel fell over 4%.
Shares of CAMS, Fine Organic Industries, Nykaa, Jindal Saw, Nuvama Wealth Management, Deepak Fertilisers, and Apar Industries among others witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signaling bullish sentiment.
GTL Infra shares climbed 3.85 per cent to Rs 3.24 on NSE. The stock saw 64,82,94,159 shares worth Rs 290 crore changing hands. It was followed by Vodafone Idea, which saw 57,93,54,485 shares worth Rs 917 crore changing hands.
Wall Street on Thursday saw a stark divergence from the previous day as smaller and previously neglected market sectors surged, contrasting with declines among Big Tech giants.